Economics 101

English: Cropped version of File:Official port...

English: Cropped version of File:Official portrait of Barack Obama.jpg. The image was cropped at a 3:4 portrait ratio, it was slightly sharpened and the contrast and colors were auto-adjusted in photoshop. This crop, in contrast to the original image, centers the image on Obama’s face and also removes the flag that takes away the focus from the portrait subject. (Photo credit: Wikipedia)

“You didn’t make this,” said Barack Obama during the 2012 campaign and the GOP made a big deal of it, even adopting the idea as the theme of their convention. Apparently Barack was paying more attention in class than Mitt and the business-oriented leaders of the GOP did. The standard text in Economics 101 is Economics by Samuelson and Nordhaus. The quote below is from the 17th edition.

“It is only too clear that all of us reap the benefits of an economic world we never made. as the great British sociologist L. T. Hobhouse said: The organizer of industry who thinks that he has ‘made’ himself and his business has found a whole social system ready to his hand in skilled workers, machinery, a market, peace and order–a vast apparatus and a pervasive atmosphere, the joint creation of millions of men and scores of generations. Take away the whole social factor and we [are} but…savages living on roots, berries, and vermin.”

Brainwashed

The Brainwashed logo.

The Brainwashed logo. (Photo credit: Wikipedia)

Why do Americans sit idly by when our freedoms and our economic livelihoods are threatened? Citizens of other countries would take to the streets to protest while we, in contrast, do nothing. I believe that we Americans have been brainwashed into accepting what our political leaders tell us as they carry out the mandates of the 1%. We live in limbo since corporate-owned media entertain us, rather than inform us.

What must we do to change this? First of all, we must demand to be informed by the media, not entertained. To that end, I recommend two non-profit websites free from corporate influence: www.readersupportednews.org and www.truthout.org Both are worth supporting if you can. If you cannot give to maintain them, then I suggest you send articles you find important or extra informative to your friends and relatives, your kith and kin. If we don’t know what is going on, we can’t demand changes.

Secondly, I would suggest that you consider becoming active in the political process at any level and work to get out the vote during elections. The fewer people who vote, the easier it becomes to steal elections or maintain incumbents in office. Change is required and the only way to get change is to change the players.

During the medieval period, kings and the nobility, the 1% of that day,  maintained their hold on power with the support of the clergy, the media of that day. The 99% accepted their lot in life with the promise of a better life in the next life. Today’s 1% use the media to spin a fantasy world in which anyone might become fabulously wealthy through hard work or good luck. The truth is that the US has become more class stratified than Europe and the chances of hitting it big in a lottery are much less than being struck by lightning.

Blather

English: Chart of the United States' debt ceil...

English: Chart of the United States’ debt ceiling from 1981 to 2010 in $ trillion. This chart tracks the debt ceiling at the end of each calendar year. Years are color coded by congressional control and presidential terms highlighted. Data source: http://www.treasurydirect.gov/NP/BPDLogin?application=np Modified chart by http://commons.wikimedia.org/w/index.php?title=User:LibertyUSArocks&action=edit&redlink=1 to remove New York Times logo and make more NPOV. (Photo credit: Wikipedia)

Don’t bother listening to the blather on the right about the government shutdown and the debt ceiling. The impasse will last until the bottom drops out of the stock market. Then and only then will the government re-open and the debt ceiling be raised. The talking heads and various pundits have 24 hours to fill seven days a week. They talk, but don’t waste your time listening.

Dick Morris

Dick Morris at the Shops at Liberty Place - 2 of 2

Dick Morris at the Shops at Liberty Place – 2 of 2 (Photo credit: sameold2010)

Dick Morris was on the tube yesterday talking to a conservative gathering. He was predicting future poll results for the Affordable Care Act (Obamacare) two, three and even four years in the future. How much weight should we give to his forecasts when he could not even predict the winner in November, 2012, the day before the election?

Senate Republicans

USS Ronald Reagan

USS Ronald Reagan (Photo credit: chukpike)

The GOP Senators are refusing to confirm, or even consider, President Obama’s nominees to fill government posts overseeing agencies that they disapprove of. Starting during the Reagan presidency, Republican presidents appointed to office officials opposed to the agencies that they led. Now that a president wants to appoint officials who will actually lead their departments, the GOP in the Senate want to continue their campaign to make government ineffective from within. It is their hope and intention that the American people will not notice the causes of less effective government. They hope that US taxpayers will tire of paying for ineffective government and vote to shrink government to the point where Grover Norquist can drown what remains of government in a bathtub.