First off, another birthday -- Happy
88th, Helen Thomas!
The
House Republicans continued their Kabuki event in a vacant Congress yesterday,
calling on the Prez for a special session to vote up/down on drilling -- Dubby
said no, as he jumped on gas-guzzling Air Force One and began his Olympic
triumphant, carrying the American torch to the heart of communist China for ...
ummm ... big oil and growingly-similar policing methods, I guess; he
sure ain't interested in human rights -- says it's "hard to tell" if there's
been any improvement [nobody briefed him on Tibet or Darfur, I s'pose.] And he
isn't scheduled to bring up the subject. Wonder if he'll take time to do some
fund-raising with the Wal-Mart
exec's?
When
Hillary and McCain stumped for a Gas Tax Holiday, it was a gimmick -- off-shore
drilling is another such; both are "psychological relief." I'm not sure our
psyche's deserve such a boon -- we've already put off the inevitable until we're
a lot like Sigourney Weaver in Alien, nose to nose with a drooling, dripping
bitch of an emergency. We did it to ourselves because we can't face our own
habitual behavior -- there are a couple of excellent reads on that, below.
But rest assured ... bitch slap coming up, kids.
We need to get smart now, bite the
bullet that's been rolling around inside our cheek for the last thirty years,
instead of complacent and secure in our dominance of resources. And snarled up
in the topic of energy prices is the falling dollar ... worth about half of what
it was a few years ago; if you're wondering why groceries are soaring, that's part of it, there -- Mickey D's is changing their dollar menu to a dollar+ some; I've
noted the average add-on in the Dollar stores as anywhere between 25 and 35
cents. Up by a third, then in a very unscientific but on-the-ground
and in-face analysis.
Obama gave us a nuanced and detailed energy plan yesterday --
WHAT A RELIEF to hear a leader ... ANY leader ... talk about doing things
differently. He's taking heat now, on this presumed arrogance -- actually acting
all presidential and like that. Imagine, America! A smart,
sober and reflective president ... that's a paradigm shift, right there; we'll
have to break that old habit of expecting nothing and receiving same. Think we
can do it? Yes, we can!
Cheap oil isn't the answer to
our problems, of course -- neither is breaking our wings by trying to sustain
the "lifestyle" Poppy Bush refused to compromise; each of these reads give us
the overview of our problems and some link to sites with suggestions -- they're
worth your time today. And don't forget to check your tires!
Jude
Obama Delivers a Real
Energy Plan for America: Efficiency Now, 10% Renewables 2012, One Million
Plug-ins by 2015
Joseph Romm, HuffPo
August 4, 2008
http://www.huffingtonpost.com/joseph-romm/obama-delivers-a-real-ene_b_116751.html
Senator Barack Obama has fulfilled the
promise of his earlier climate plan with a detailed and comprehensive "New
Energy for America" plan.
This is easily the best energy plan ever put
forward by a nominee of either party. By comparison, the plan of John "Nothing
but Nukes" McCain is a joke, with nothing on energy efficiency and a pointless
$300 million battery prize and long-standing opposition to renewable energy. In
contrast, Obama's plan has real depth and breath:
Increase Fuel Economy
Standards: Obama will increase fuel economy standards 4 percent per each year
while protecting the financial future of domestic automakers....
Invest
in Developing Advanced Vehicles and Put 1 Million Plugin Electric Vehicles on
the Road by 2015: As a U.S. senator, Barack Obama has led efforts to jumpstart
federal investment in advanced vehicles, including combined plug‐in
hybrid/flexible fuel vehicles, which can get over 150 miles per gallon of gas...
[more details below]
Partner with Domestic Automakers: Obama will also
provide $4 billion retooling tax credits and loan guarantees for domestic auto
plants and parts manufacturers, so that the new fuel‐efficient cars can be built
in the U.S. by American workers rather than overseas.
Mandate All New
Vehicles are Flexible Fuel Vehicles
Develop the Next Generation of
Sustainable Biofuels and Infrastructure
Establish a National Low Carbon
Fuel Standard: ... The standard requires fuels suppliers in 2010 to begin to
reduce the carbon of their fuel by 5 percent within 5 years and 10 percent
within 10 years.
This is the only way to jumpstart an end to our
addiction to oil in a climate friendly way. Indeed, an accelerated transition to
plug-in hybrids and electric cars -- a core climate solution-- must be the
cornerstone of any serious effort to dramatically reduce oil consumption and
greenhouse gas emissions (see "Why electricity is the only alternative fuel that
can lead to energy independence").
That is the crucial litmus test for any
presidential candidate's energy independence or clean transportation policy.
As for the test of a candidate's grasp of electricity policy, energy
efficiency is obviously The only cheap power left and a limitless resource and
THE core climate solution. Obama understands energy efficiency in a way few
other major politicians do, as his plan makes clear:
Deploy the Cheapest,
Cleanest, Fastest Energy Source--Energy Efficiency: Barack Obama will set an
aggressive energy efficiency goal--to reduce electricity demand 15 percent from
DOE's projected levels by 2020. Implementing this program will save consumers a
total of $130 billion, reduce carbon dioxide emissions by more than 5 billion
tons through 2030, and create jobs. A portion of this goal would be met by
setting annual demand reduction targets that utilities would need to
meet.
Set National Building Efficiency Goals: Obama will establish a goal
of making all new buildings carbon neutral, or produce zero emissions, by 2030.
He'll also establish a national goal of improving new building efficiency by 50
percent and existing building efficiency by 25 percent over the next decade to
help us meet the 2030 goal.
Overhaul Federal Efficiency Standards: The
current Department of Energy has missed 34 deadlines for setting updated
appliance efficiency standards....
Reduce Federal Energy Consumption: ...
He will make the federal government a leader in the green building market,
achieving a 40 percent increase in efficiency in all new federal buildings
within five years and ensuring that all new federal buildings are zero‐emissions
by 2025. He will invest in cost‐effective retrofits to achieve a 25 percent
increase in efficiency of existing federal buildings within 5
years.
Invest in a Smart Grid: ... Obama will pursue a major investment
in our national utility grid using smart metering, distributed storage and other
advanced technologies to accommodate 21st century energy requirements: greatly
improved electric grid reliability and security, a tremendous increase in
renewable generation and greater customer choice and energy
affordability.
Weatherize One Million Homes Annually....
Build
More Livable and Sustainable Communities....
Flip Incentives to Energy
Utilities: An Obama administration will "flip" incentives to utility companies
by: requiring states to conduct proceedings to implement incentive changes; and
offering them targeted technical assistance. These measures will benefit
utilities for improving energy efficiency, rather than just from supporting
higher energy consumption. This "regulatory equity" starts with the decoupling
of profits from increased energy usage, which will incentivize utilities to
partner with consumers and the federal and state governments to reduce monthly
energy bills for families and businesses. The federal government under an Obama
administration will play an important and positive role in flipping the profit
model for the utility sector so that shareholder profit is based on reliability
and performance as opposed to total production.
Finally, a presidential
nominee that really gets it (see "Energy efficiency, Part 4: How does California
do it so consistently and cost-effectively?").
The proposal has lots of
other details on short-term solutions and promoting the supply of domestic
energy. But let me focus on his low-carbon electricity supply
plan:
Require 10 Percent of Electricity to Come from Renewable Sources by
2012 [and 25 percent by 2025]. Barack Obama will establish a 10 percent federal
Renewable Portfolio Standard (RPS) to require that 10 percent of electricity
consumed in the U.S. is derived from clean, sustainable energy sources, like
solar, wind and geothermal by 2012. Many states are already well on their way to
achieving statewide goals and it's time for the federal government to provide
leadership for the entire country to support these new industries. This national
requirement will spur significant private sector investment in renewable sources
of energy and create thousands of new American jobs, especially in rural areas.
And Obama will also extend the federal Production Tax Credit (PTC) for 5 years
to encourage the production of renewable energy.
Develop and Deploy Clean
Coal Technology....
Safe and Secure Nuclear Energy: ... It is unlikely
that we can meet our aggressive climate goals if we eliminate nuclear power as
an option. However, before an expansion of nuclear power is considered, key
issues must be addressed including: security of nuclear fuel and waste, waste
storage, and proliferation.... As president, Obama will make safeguarding
nuclear material both abroad and in the U.S. a top anti‐terrorism priority. In
terms of waste storage, Obama does not believe that Yucca Mountain is a suitable
site. He will lead federal efforts to look for safe, long‐term disposal
solutions based on objective, scientific analysis. In the meantime, Obama will
develop requirements to ensure that the waste stored at current reactor sites is
contained using the most advanced dry‐cask storage technology
available.
He also repeats his climate pledge and his jobs
pledge:
Implement an economy‐wide cap‐and‐trade program to reduce
greenhouse gas emissions 80 percent by 2050.
Invest In A Clean Energy
Economy and Help Create 5 Million New Green Jobs. Obama will strategically
invest $150 billion over 10 years...
Finally, back to the details of the
plug-in hybrid proposal:
As president, Obama will continue this
leadership by investing in advanced vehicle technology with a specific focus on
R&D in advanced battery technology. The increased federal funding will
leverage private sector funds and support our domestic automakers to bring
plug‐in hybrids and other advanced vehicles to American consumers. Obama will
also provide a $7,000 tax credit for the purchase of advanced technology
vehicles as well as conversion tax credits. And to help create a market and show
government leadership in purchasing highly efficient cars, an Obama
administration will commit to:
Within one year of becoming President, the
entire White House fleet will be converted to plug‐ins as security permits;
and
Half of all cars purchased by the federal government will be plug‐in
hybrids or all‐electric by 2012.
This is an aggressive, achievable, and
most important of all, a necessary energy plan. Kudos to Senator Obama and his
energy team. Maybe he is The One. ++
The Tire-Gauge Solution:
No Joke
MICHAEL GRUNWALD, Time Magazine
http://www.time.com/time/politics/article/0,8599,1829354,00.html?xid=rss-topstories
How out of touch is Barack Obama? He's so
out of touch that he suggested that if all Americans inflated their tires
properly and took their cars for regular tune-ups, they could save as much oil
as new offshore drilling would produce. Gleeful Republicans have made this their
daily talking point; Rush Limbaugh is having a field day; and the Republican
National Committee is sending tire gauges labeled "Barack Obama's Energy Plan"
to Washington reporters.
But who's really out of touch? The Bush
Administration estimates that expanded offshore drilling could increase oil
production by 200,000 bbl. per day by 2030. We use about 20 million bbl. per
day, so that would meet about 1% of our demand two decades from now. Meanwhile,
efficiency experts say that keeping tires inflated can improve gas mileage 3%,
and regular maintenance can add another 4%. Many drivers already follow their
advice, but if everyone did, we could immediately reduce demand several
percentage points. In other words: Obama is right.
In fact, Obama's
actual energy plan is much more than a tire gauge. But that's not what's so
pernicious about the tire-gauge attacks. Politics ain't beanbag, and Obama has
defended himself against worse smears. The real problem with the attacks on his
tire-gauge plan is that efforts to improve conservation and efficiency happen to
be the best approaches to dealing with the energy crisis ― the cheapest,
cleanest, quickest and easiest ways to ease our addiction to oil, reduce our
pain at the pump and address global warming. It's a pretty simple concept: if
our use of fossil fuels is increasing our reliance on Middle Eastern dictators
while destroying the planet, maybe we ought to use less.
The RNC is
trying to make the tire gauge a symbol of unseriousness, as if only the fatuous
believed we could reduce our dependence on foreign oil without doing the bidding
of Big Oil. But the tire gauge is really a symbol of a very serious piece of
good news: we can use significantly less energy without significantly changing
our lifestyle. The energy guru Amory Lovins has shown that investment in
"nega-watts" ― reduced electricity use through efficiency improvements ― is much
more cost-effective than investment in new megawatts, and the same is clearly
true of nega-barrels. It might not fit the worldviews of right-wingers who deny
the existence of global warming and insist that reducing emissions would destroy
our economy, or of left-wing Earth-firsters who insist that maintaining our
creature comforts would destroy the world, but there's a lot of simple things we
can do on the demand side before we start rushing to ratchet up supply.
We can use those twisty carbon fluorescent lightbulbs. We can unplug our
televisions, computers and phone chargers when we're not using them. We can seal
our windows, install more insulation and adjust our thermostats so that we waste
less heat and air-conditioning. We can use more-efficient appliances, build
more-efficient homes and drive more-efficient cars, preferably with government
assistance. And, yes, we can inflate our tires and tune our engines, as
Republican governors Arnold Schwarzenegger of California and Charlie Crist of
Florida have urged, apparently without consulting the RNC. While we're at it, we
can cut down on idling, which can improve fuel economy another 5%, and cut down
on speeding and unnecessary acceleration, which can increase mileage as much as
20%.
And that's just the low-hanging fruit. There
are other ways to reduce demand for oil ― more public transportation, more
carpooling, more telecommuting, more recycling, less exurban sprawl, fewer
unnecessary car trips, buying less stuff and eating less meat ― that would
require at least some lifestyle changes. But things like tire gauges can reduce
gas bills and carbon emissions now, with little pain and at little cost and
without the ecological problems and oil-addiction problems associated with
offshore drilling. These are the proverbial win-win-win solutions, reducing the
pain of $100 trips to the gas station by reducing trips to the gas station. And
Americans are already starting to adopt them, ditching SUVs, buying hybrids,
reducing overall gas consumption. It's hard to see why anyone who isn't
affiliated with the oil industry would object to them.
Of course, in
recent years, the Republican Party has been affiliated with the oil industry. It
was the oilman Dick Cheney who dismissed conservation as a mere sign of
"personal virtue," not a basis for energy policy. It was the oilman George W.
Bush who resisted efforts to regulate carbon emissions. And most congressional
Republicans have been even more reliable water carriers for the industry's
interests.
John McCain has been a notable exception. He is not an
oilman; he has pushed to regulate carbon emissions; and he opposed Bush's
pork-stuffed energy bill, which Obama supported. He also opposed efforts to
drill in the Arctic National Wildlife Refuge and until recently opposed new
offshore drilling. But now that gas prices have spiked, McCain is running for
President on a drill-first platform, and polls suggest that most Americans agree
with him. It's sad to see his campaign adopting the politics of the tire gauge,
promoting the fallacy that Americans are powerless to address their own energy
problems. Because the truth is: Yes, we can. We already are.
++
Yes Conservatives, Inflated Tires Beats Coastal
Drilling
Bill Scher, HuffPo
August 4, 2008
http://www.huffingtonpost.com/bill-scher/yes-conservatives-inflate_b_116791.html
The latest conservative lie -- regarding
Sen. Barack Obama and fuel efficiency -- actually has a great amount of truth to
it.
On Thursday, conservative radio host Sean Hannity claimed Obama said,
"All you need to do is inflate your tires. That's all you need to do. If every
American would join in this effort, of inflating one's tires, then it's all
going to be fine. And we can still import 70% of our oil from Saudi Arabia. Just
keep those tires inflated."
Conservatives -- lovers of childish mockery
over substantive ideas -- later today are apparently planning to distribute tire
gauges at an Obama energy event.
And earlier today on MSNBC's Morning
Joe, conservative hack economist (who does not hold an economics degree) Larry
Kudlow, a very loud advocate of coastal drilling, said of Obama's comments about
tires, "That's not really much of a policy."
No, it's not. That was
Obama's point.
Obama's actual comment last week was:
--...we could
save all the oil they're talking about getting off drilling, if everybody was
just inflating their tires, and getting regular tune-ups. You could actually
save just as much.
He was decidedly not saying "all you need to do" is
inflate your ties, or "my entire energy policy" is inflating your tires.
(Obama has a much larger energy plan -- articulated in a sweeping speech
today -- centered on investment in renewable energy and fuel efficiency
technology.
Similarly, it would not be fair to say Sen. John McCain's
"entire" energy policy is coastal drilling, when he is also advocating loosening
regulations on nuclear power and a contest to promote battery
technology.)
Obama was observing that coastal drilling would save us so
little oil and so little money even twenty years from now, that you can actually
save more money immediately by doing "simple things" such as keeping your tires
properly inflated.
Where did he get that crazy idea? From George Bush's
Energy Department and Environmental Protection Agency. (hat tip: Get Energy
Smart! Now!)
Their joint site fueleconomy.gov is loaded with fuel-saving,
money-saving tips.
Keep your tires properly inflated, for example, and
you can save up to 12 cents a gallon.
Compare that immediate savings from
that single tip, with what coastal and Arctic National Wildlife Refuge drilling
combined would get you two decades from now: 6 cents a gallon.
And that's
being generous, because Bush's Energy Department says we can't expect any impact
on prices from coastal drilling until the year 2030.
In their knee-jerk
mockery, conservatives are flying closer to the truth then they intend
to.
Inflating your ties does not amount to an energy policy. It's just
more of a policy than coastal drilling, since unlike drilling for a tiny amount
of oil, it would at least save us some money now.
A real energy policy
would provide us consumers with a energy choice besides buying huge amounts of
increasingly expensive oil. Maybe if conservative Senators stopped filibustering
every proposal that would help provide such choices, and force their Big Oil
donors to face some competition, we could get somewhere.
We
can't drive 55...or 65
JOHN M. CRISP, Capital Hill Blue
August 5,
2008
http://www.capitolhillblue.com/cont/node/10108
In 1984, I split the driving with a friend on
a trip from north Minnesota to south Texas, some 1,500 miles. He cruised between
75 and 80 mph, with a watchful eye on the rearview mirror and on the radar
detector.
When it was my turn, I carefully held the speedometer on 55
mph, in observance of the national maximum speed law, which was put into effect
in 1974 in response to the Arab oil embargo. After 10 minutes with me behind the
wheel, my friend would begin to fidget. I didn't drive much on that
trip.
Call me a geek, but I was a victim of my upbringing. My father was
a strict observer of the 55 mph speed limit, as well as all other laws; it
wouldn't have occurred to him to cheat on his taxes, and he was so honest that
he would drive across town to return a dollar to a merchant who had accidentally
undercharged him.
Some people would call this compulsive rigidity, but I
prefer to think of it as
scrupulous homegrown integrity that emerged from a
mix of a simple childhood on a Texas farm and the shared privations of the
Depression and World War II, with more than a dash of old-time religion thrown
in.
I'll go out on a limb and suggest that this sort of uncompromising
allegiance to the rule of law, as well as the willingness to sacrifice one's own
desires in service to the community, isn't as common today as it was in my
father's generation. If so, Virginia Sen. John Warner's recent suggestion that
the country revisit the idea of a national speed limit isn't likely to get very
far. In fact, in spite of diminishing oil supplies, the high price of gas, and
all the evils attendant to our reliance on foreign oil, the country doesn't
appear to be in a mood to consider something as sensible as lowering the speed
limit.
I don't intend to make a case for the 55 mph speed limit, but it
did have its virtues. Critics argue that it didn't save as much oil or as many
lives as its proponents promised. But they often make the additional objection
that the 55 mph speed limit was widely violated. So how do we know how much oil
or how many lives it might have saved if more Americans had been as
conscientious as my father in their respect to the law?
In any case,
basic physics provides us with several incontrovertible facts: slower speeds
require less energy and, therefore, less gas. And when objects guided by
rational thought -- like cars -- move more slowly, they are less likely to
collide. And when they do collide, the damage is less severe. This translates
into saved gas and saved lives. Always.
But I suspect our objections to a
lower speed limit are more emotional than rational, and in spite of our bad
energy situation and the deaths of about 120 people every day in car accidents
-- that's every single day -- the citizenry is unlikely to accept a 55 mph speed
limit. And I don't suggest it.
But consider the recommendations of the
American Trucking Associations, which has represented the interests of
professional truckers and trucking associations -- real driving experts -- for
more than 70 years. The ATA supports the enactment of a national speed limit of
65 mph for all vehicles and the requirement that all trucks be equipped with
governors that limit their speeds to 68 mph.
The ATA argues that these
measures would reduce diesel consumption by at least 27 percent and save 2.8
billion gallons over the next decade, as well as 31 million tons of carbon
dioxide emissions. When cars are factored in, the savings are much, much greater
in gas and, I suspect, in lives.
So if Americans can't tolerate 55 mph,
how about 65? It's not much of a sacrifice.
But if we do something as
reasonable and patriotic as this, enforcement is essential. The real killer is
the speed differential between law-abiders and speeders, so let's hit the
speeders hard and use their fines to help finance research into nonhydrocarbon
solutions to our energy dilemma. ++
Beware of Cheap
Oil
Matthew Yeomans, Slate
Tuesday, Aug. 5, 2008
http://www.slate.com/id/2196757/
Oil plummets and America rejoices! Right? Well, not quite. Certainly
crude prices seem to be headed south, closing around $120 on Monday and raising
the prospect of pump prices dropping below $4 a gallon. But as Fortune.com makes
clear, "falling oil prices also suggest that the recession the U.S. has so far
avoided is well on its way."
There's plenty of Texas tea-leaf reading taking place to divine all the
reasons for oil's current fall, be it a boost in Saudi production, relief that
tropical storm Edouard is no hurricane and, intriguingly, the Financial Times'
suggestion that Beijing may have been stockpiling oil ahead of the Olympics. The
New York Times points to less fickle Chinese behavior―a very real economic
slowdown (some say 2 percent) in the world's premier economic driver...
But before you fire up the F-150 that's been sitting neglected in the
driveway, remember that what goes down could always go back up. Even as some
economists foresee a return to double digit crude prices, one analyst cautions
Fortune.com that, "By the end of the third quarter, there's a good chance oil
could be below $100 a barrel, and a good chance it could be above $150." Guess
we'll have to see what the futures hold. ++
The Price of Oil,
Tripled? An Attack on Iran Could Make It Happen
A war with Iran would ruin
our economy and finally kill off our weakened, anemic
democracy.
Chris Hedges, Truthdig
http://www.alternet.org/audits/93882/the_price_of_oil%2C_tripled_an_attack_on_iran_could_make_it_happen/
Most Americans can no longer maintain their standard of living. And the
core problem isn't the housing crisis or rising oil and food prices.
The
Federal Reserve Board's "beige book" for June and July offers a clear
explanation for why the economy has slowed to a crawl. It shows American
consumers cutting way back on their purchases of everything from food to cars,
appliances and name-brand products. As they do so, employers inevitably are
cutting back on the hours they need people to work for them, thereby
contributing to a downward spiral.
The normal remedies for economic
downturns are necessary. But even an adequate stimulus package will offer only
temporary relief this time, because this isn't a normal downturn. The problem
lies deeper. Most Americans can no longer maintain their standard of living. The
only lasting remedy is to improve their standard of living by widening the
circle of prosperity.
The heart of the matter isn't the collapse in
housing prices or even the frenetic rise in oil and food prices. These are
contributing to the mess, but they are not creating it directly. The basic
reality is this: For most Americans, earnings have not kept up with the cost of
living. This is not a new phenomenon, but it has finally caught up with the
pocketbooks of average people. If you look at the earnings of nongovernment
workers, especially the hourly workers who comprise 80 percent of the work
force, you'll find they are barely higher than they were in the mid-1970s,
adjusted for inflation. The income of a man in his 30s is now 12 percent below
that of a man his age three decades ago. Per-person productivity has grown
considerably since then, but most Americans have not reaped the benefits of
those productivity gains. They've gone largely to the top.
Inequality on
this scale is bad for many reasons, but it is also bad for the economy. The
wealthy devote a smaller percentage of their earnings to buying things than the
rest of us because, after all, they're rich. They already have most of what they
want. Instead of buying, the very wealthy are more likely to invest their
earnings wherever around the world they can get the highest return.
This
underlying earnings problem has been masked for years as middle- and
lower-income Americans found means to live beyond their paychecks. But they have
now run out of such coping mechanisms. As I've noted elsewhere, the first coping
mechanism was to send more women into paid work. Most women streamed into the
work force in the 1970s less because new professional opportunities opened up to
them than because they had to prop up family incomes. The percentage of American
working mothers with school-age children has almost doubled since 1970, to more
than 70 percent. But there's a limit to how many mothers can maintain paying
jobs.
So Americans turned to a second way of spending beyond their hourly
wages: They worked more hours. The typical American now works more each year
than he or she did three decades ago. Americans became veritable workaholics,
putting in 350 more hours a year than the average European, more even than the
notoriously industrious Japanese.
But there's also a limit to how many
hours Americans can put into work, so Americans turned to a third coping
mechanism: They began to borrow. With housing prices rising briskly through the
1990s and even faster from 2002 to 2006, they turned their homes into piggy
banks by refinancing home mortgages and taking out home-equity loans. But this
third strategy also had a built-in limit. And now, with the bursting of the
housing bubble, the piggy banks are closing.
Americans are reaching the
end of their ability to borrow, and lenders have reached the end of their
capacity to lend. Credit-card debt, meanwhile, has reached dangerous
proportions. Banks are now pulling back.
As a result, typical Americans
have run out of coping mechanisms to keep up their standard of living. That
means there's not enough purchasing power in the economy to buy all the goods
and services it's producing. We're finally reaping the whirlwind of widening
inequality and ever-more-concentrated wealth.
The only way to keep the
economy going over the long run is to increase the real earnings of middle-class
and lower-middle-class Americans. The answer is not to protect jobs through
trade protection -- that would only drive up the prices of everything purchased
from abroad. Most routine jobs are being automated anyway. Nor is the answer to
give tax breaks to the very wealthy and to giant corporations in the hope they
will trickle down to everyone else. We've tried that, and it hasn't worked.
Nothing has trickled down.
Rather, the long-term answer is for us to
invest in the productivity of our working people -- enabling families to afford
health insurance and have access to good schools and higher education -- while
also rebuilding our infrastructure and investing in the clean energy
technologies of the future. We must also adopt progressive taxes at the federal,
state and local levels. In other words, we must rebuild the American economy
from the bottom up. It cannot be rebuilt from the
top down. ++
"So keep fightin' for freedom and justice,
beloveds, but don't you forget to have fun doin' it. Lord, let your laughter
ring forth. Be outrageous, ridicule the fraidy-cats, rejoice in all the oddities
that freedom can produce. And when you get through kickin' ass and celebratin'
the sheer joy of a good fight, be sure to tell those who come after how much fun
it was."
~ Molly Ivins, 1944 - 2007
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