The Most Important Economic Speech of His Presidency
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- Date published:
9:20 am, December 10th, 2011 - 40 comments
Categories: capitalism, class war, us politics -
Tags: 99%, Barak Obama
Truth-Out content is licensed for redistribution, so I’m going to repost this excellent piece in its entirety. It’s long, but it’s worth it. I agree with the author about the importance of the speech, though I might have called a post on this “Is Obama going to grow a pair at last?” — r0b
The Most Important Economic Speech of His Presidency
Tuesday 6 December 2011
by: Robert Reich, Robert Reich’s Blog | Op-Ed
The President’s speech today in Osawatomie, Kansas — where Teddy Roosevelt gave his “New Nationalism” speech in 1910 — is the most important economic speech of his presidency in terms of connecting the dots, laying out the reasons behind our economic and political crises, and asserting a willingness to take on the powerful and the privileged that have gamed the system to their advantage.
Here are the highlights (and, if you’ll pardon me, my annotations):
For most Americans, the basic bargain that made this country great has eroded. Long before the recession hit, hard work stopped paying off for too many people. Fewer and fewer of the folks who contributed to the success of our economy actually benefitted from that success. Those at the very top grew wealthier from their incomes and investments than ever before. But everyone else struggled with costs that were growing and paychecks that weren’t – and too many families found themselves racking up more and more debt just to keep up.
He’s absolutely right – and it’s the first time he or any other president has clearly stated the long-term structural problem that’s been widening the gap between the very top and everyone else for thirty years – the breaking of the basic bargain linking pay to productivity gains.
For many years, credit cards and home equity loans papered over the harsh realities of this new economy. But in 2008, the house of cards collapsed.
Exactly. But the first papering over was when large numbers of women went into paid work, starting the in the late 1970s and 1980s, in order to prop up family incomes that were stagnating or dropping because male wages were under siege – from globalization, technological change, and the decline of unions. Only when this coping mechanism was exhausted, and when housing prices started to climb, did Americans shift to credit cards and home equity loans as a means of papering over the new harsh reality of an economy that was working for a minority at the top but not for most of the middle class.
We all know the story by now: Mortgages sold to people who couldn’t afford them, or sometimes even understand them. Banks and investors allowed to keep packaging the risk and selling it off. Huge bets – and huge bonuses – made with other people’s money on the line. Regulators who were supposed to warn us about the dangers of all this, but looked the other way or didn’t have the authority to look at all.
It was wrong. It combined the breathtaking greed of a few with irresponsibility across the system. And it plunged our economy and the world into a crisis from which we are still fighting to recover. It claimed the jobs, homes, and the basic security of millions – innocent, hard-working Americans who had met their responsibilities, but were still left holding the bag.
Precisely – and it’s about time he used the term “wrong” to describe Wall Street’s antics, and the abject failure of regulators (led by Alan Greenspan and the Fed) to stop what was going on. But these “wrongs” were only the proximate cause of the economic crisis. The underlying cause was, as the President said before, the breaking of the basic bargain linking pay to productivity.
Ever since, there has been a raging debate over the best way to restore growth and prosperity; balance and fairness. Throughout the country, it has sparked protests and political movements – from the Tea Party to the people who have been occupying the streets of New York and other cities. It’s left Washington in a near-constant state of gridlock. And it’s been the topic of heated and sometimes colorful discussion among the men and women who are running for president.
But this isn’t just another political debate. This is the defining issue of our time. This is a make or break moment for the middle class, and all those who are fighting to get into the middle class. At stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement.
Right again. It is the defining issue of our time. But I wish he wouldn’t lump the Tea Party in with the Occupiers. The former hates government; the latter focuses blame on Wall Street and corporate greed – just where the President did a moment ago.
Now, in the midst of this debate, there are some who seem to be suffering from a kind of collective amnesia. After all that’s happened, after the worst economic crisis since the Great Depression, they want to return to the same practices that got us into this mess. In fact, they want to go back to the same policies that have stacked the deck against middle-class Americans for too many years. Their philosophy is simple: we are better off when everyone is left to fend for themselves and play by their own rules.
He might have been a bit stronger here. The “they” who are suffering collective amnesia include many of the privileged and powerful who have gained enormous wealth by using their political muscle to entrench their privilege and power. In other words, it’s not simply or even mainly amnesia. It’s a clear and concerted strategy.
Well, I’m here to say they are wrong. I’m here to reaffirm my deep conviction that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, and when everyone plays by the same rules. Those aren’t Democratic or Republican values; 1% values or 99% values. They’re American values, and we have to reclaim them.
Amen.
…
In 1910, Teddy Roosevelt came here, to Osawatomie, and laid out his vision for what he called a New Nationalism. “Our country,” he said, “…means nothing unless it means the triumph of a real democracy…of an economic system under which each man shall be guaranteed the opportunity to show the best that there is in him.”
Some background: In 1909, Herbert Croly, a young political philosopher and journalist, argued in his best-selling The Promise of American Life that the large American corporation should be regulated by the nation and directed toward national goals. “The constructive idea behind a policy of the recognition of the semi-monopolistic corporation is, of course, the idea that they can be converted into economic agents…for the national economic interest,” Croly wrote. Teddy Roosevelt’s New Nationalism embraced Croly’s idea.
For this, Roosevelt was called a radical, a socialist, even a communist. But today, we are a richer nation and a stronger democracy because of what he fought for in his last campaign: an eight hour work day and a minimum wage for women; insurance for the unemployed, the elderly, and those with disabilities; political reform and a progressive income tax.
Today, over one hundred years later, our economy has gone through another transformation. Over the last few decades, huge advances in technology have allowed businesses to do more with less, and made it easier for them to set up shop and hire workers anywhere in the world. And many of you know firsthand the painful disruptions this has caused for a lot of Americans.
Factories where people thought they would retire suddenly picked up and went overseas, where the workers were cheaper. Steel mills that needed 1,000 employees are now able to do the same work with 100, so that layoffs were too often permanent, not just a temporary part of the business cycle. These changes didn’t just affect blue-collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs or the internet. Today, even higher-skilled jobs like accountants and middle management can be outsourced to countries like China and India. And if you’re someone whose job can be done cheaper by a computer or someone in another country, you don’t have a lot of leverage with your employer when it comes to asking for better wages and benefits – especially since fewer Americans today are part of a union.
Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.
It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work. It’s never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.
Obama is advocating Croly’s proposal that large corporations be regulated for the nation’s good. But he’s updating Croly. The next paragraphs are important.
Remember that in those years, in 2001 and 2003, Congress passed two of the most expensive tax cuts for the wealthy in history, and what did they get us? The slowest job growth in half a century. Massive deficits that have made it much harder to pay for the investments that built this country and provided the basic security that helped millions of Americans reach and stay in the middle class – things like education and infrastructure; science and technology; Medicare and Social Security.
Remember that in those years, thanks to some of the same folks who are running Congress now, we had weak regulation and little oversight, and what did that get us? Insurance companies that jacked up people’s premiums with impunity, and denied care to the patients who were sick. Mortgage lenders that tricked families into buying homes they couldn’t afford. A financial sector where irresponsibility and lack of basic oversight nearly destroyed our entire economy.
We simply cannot return to this brand of your-on-your-own economics if we’re serious about rebuilding the middle class in this country. We know that it doesn’t result in a strong economy. It results in an economy that invests too little in its people and its future. It doesn’t result in a prosperity that trickles down. It results in a prosperity that’s enjoyed by fewer and fewer of our citizens.
Look at the statistics. In the last few decades, the average income of the top one percent has gone up by more than 250%, to $1.2 million per year. For the top one hundredth of one percent, the average income is now $27 million per year. The typical CEO who used to earn about 30 times more than his or her workers now earns 110 times more. And yet, over the last decade, the incomes of most Americans have actually fallen by about six percent.
The very first time the President has emphasized this grotesque trend. Now listen for how he connects this with the deterioration of our economy and democracy:
This kind of inequality – a level we haven’t seen since the Great Depression – hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling, it drags down the entire economy, from top to bottom. America was built on the idea of broad-based prosperity – that’s why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars they made. It’s also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run.
Inequality also distorts our democracy. It gives an outsized voice to the few who can afford high-priced lobbyists and unlimited campaign contributions, and runs the risk of selling out our democracy to the highest bidder. And it leaves everyone else rightly suspicious that the system in Washington is rigged against them – that our elected representatives aren’t looking out for the interests of most Americans.
More fundamentally, this kind of gaping inequality gives lie to the promise at the very heart of America: that this is the place where you can make it if you try. We tell people that in this country, even if you’re born with nothing, hard work can get you into the middle class; and that your children will have the chance to do even better than you. That’s why immigrants from around the world flocked to our shores.
And what it’s done to equal opportunity, and how it’s eroded upward mobility:
And yet, over the last few decades, the rungs on the ladder of opportunity have grown farther and farther apart, and the middle class has shrunk. A few years after World War II, a child who was born into poverty had a slightly better than 50-50 chance of becoming middle class as an adult. By 1980, that chance fell to around 40%. And if the trend of rising inequality over the last few decades continues, it’s estimated that a child born today will only have a 1 in 3 chance of making it to the middle class.
It’s heartbreaking enough that there are millions of working families in this country who are now forced to take their children to food banks for a decent meal. But the idea that those children might not have a chance to climb out of that situation and back into the middle class, no matter how hard they work? That’s inexcusable. It’s wrong. It flies in the face of everything we stand for.
What should we do about this? Not turn to protectionism or become neo-Luddites. Nor turn to some version of government planning.
Fortunately, that’s not a future we have to accept. Because there’s another view about how we build a strong middle class in this country – a view that’s truer to our history; a vision that’s been embraced by people of both parties for more than two hundred years.
It’s not a view that we should somehow turn back technology or put up walls around America. It’s not a view that says we should punish profit or success or pretend that government knows how to fix all society’s problems. It’s a view that says in America, we are greater together – when everyone engages in fair play, everyone gets a fair shot, everyone does their fair share.
So what does that mean for restoring middle-class security in today’s economy?
It starts by making sure that everyone in America gets a fair shot at success. The truth is, we’ll never be able to compete with other countries when it comes to who’s best at letting their businesses pay the lowest wages or pollute as much as they want. That’s a race to the bottom that we can’t win – and shouldn’t want to win. Those countries don’t have a strong middle-class. They don’t have our standard of living.
In 1910, Teddy Roosevelt came here, to Osawatomie, and laid out his vision for what he called a New Nationalism. …
The fact is, this crisis has left a deficit of trust between Main Street and Wall Street. And major banks that were rescued by the taxpayers have an obligation to go the extra mile in helping to close that deficit. At minimum, they should be remedying past mortgage abuses that led to the financial crisis, and working to keep responsible homeowners in their home. We’re going to keep pushing them to provide more time for unemployed homeowners to look for work without having to worry about immediately losing their house.
I wish the Obama administration had made this a condition for the banks receiving bailouts.
But there’s far more to the speech. Read it in full. It lays out the basis for what could be the platform Obama will run on in 2012 — increasing taxes on the rich, investing in the rest us, requiring corporations and Wall Street banks that reap benefits from being in America create good jobs for Americans, and protecting our democracy from being corrupted by money — a new New Nationalism.
Here, finally, is the Barack Obama many of us thought we had elected in 2008. Since then we’ve had a president who has only reluctantly stood up to the moneyed interests Teddy Roosevelt and his cousin Franklin stood up to.
Hopefully Obama will carry this message through 2012, and gain a mandate to use his second term to take on the growing inequities and game-rigging practices that have been undermining the American economy and American democracy for years.
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3 days ago - Bernard's pick 'n' mix of the news links at 6:06 am
The top six news links I’ve seen elsewhere in the last 24 hours as of 6:06 am on Wednesday, April 17 are:Must read: Secrecy shrouds which projects might be fast-tracked RNZ Farah HancockScoop: Revealed: Luxon has seven staffers working on social media content - partly paid for by taxpayer Newshub ...3 days ago - Fighting poverty on the holiday highwayTurning what Labour called the “holiday highway” into a four-lane expressway from Auckland to Whangarei could bring at least an economic benefit of nearly two billion a year for Northland each year. And it could help bring an end to poverty in one of New Zealand’s most deprived regions. The ...3 days ago
- Bernard's six-stack of substacks at 6:26 pm
Tonight’s six-stack includes: launching his substack with a bunch of his previous documentaries, including this 1992 interview with Dame Whina Cooper. and here crew give climate activists plenty to do, including this call to submit against the Fast Track Approvals bill. writes brilliantly here on his substack ...3 days ago - At a glance – Is the science settled?On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...3 days ago
- Apposite Quotations.
3 days ago - What’s a life worth now?
You're in the mall when you hear it: some kind of popping sound in the distance, kids with fireworks, maybe. But then a moment of eerie stillness is followed by more of the fireworks sound and there’s also screaming and shrieking and now here come people running for their lives.Does ...3 days ago - Howling at the MoonKarl du Fresne writes – There’s a crisis in the news media and the media are blaming it on everyone except themselves. Culpability is being deflected elsewhere – mainly to the hapless Minister of Communications, Melissa Lee, and the big social media platforms that are accused of hoovering ...3 days ago
- Newshub is Dead.
I don’t normally send out two newsletters in a day but I figured I’d say something about… the news. If two newsletters is a bit much then maybe just skip one, I don’t want to overload people. Alternatively if you’d be interested in sometimes receiving multiple, smaller updates from me, ...3 days ago - Seymour is chuffed about cutting early-learning red tape – but we hear, too, that Jones has loose...Buzz from the Beehive David Seymour and Winston Peters today signalled that at least two ministers of the Crown might be in Wellington today. Seymour (as Associate Minister of Education) announced the removal of more red tape, this time to make it easier for new early learning services to be ...3 days ago
- Bryce Edwards: Will politicians let democracy die in the darkness?Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. Our political system is suffering from the ...3 days ago
- Was Hawkesby entirely wrong?David Farrar writes – The Broadcasting Standards Authority ruled: Comments by radio host Kate Hawkesby suggesting Māori and Pacific patients were being prioritised for surgery due to their ethnicity were misleading and discriminatory, the Broadcasting Standards Authority has found. It is a fact such patients are prioritised. ...4 days ago
- PRC shadow looms as the Solomons head for electionPRC and its proxies in Solomons have been preparing for these elections for a long time. A lot of money, effort and intelligence have gone into ensuring an outcome that won’t compromise Beijing’s plans. Cleo Paskall writes – On April 17th the Solomon Islands, a country of ...4 days ago
- Climate Change: Criminal ecocideWe are in the middle of a climate crisis. Last year was (again) the hottest year on record. NOAA has just announced another global coral bleaching event. Floods are threatening UK food security. So naturally, Shane Jones wants to make it easier to mine coal: Resources Minister Shane Jones ...4 days ago
- Is saving one minute of a politician's time worth nearly $1 billion?Is speeding up the trip to and from Wellington airport by 12 minutes worth spending up more than $10 billion? Photo: Lynn Grieveson / The KākāTL;DR: The six news items that stood out to me in the last day to 8:26 am today are:The Lead: Transport Minister Simeon Brown announced ...4 days ago
- Long Tunnel or Long Con?Yesterday it was revealed that Transport Minister had asked Waka Kotahi to look at the options for a long tunnel through Wellington. State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the ...4 days ago
- Smoke And Mirrors.
You're a fraud, and you know itBut it's too good to throw it all awayAnyone would do the sameYou've got 'em goingAnd you're careful not to show itSometimes you even fool yourself a bitIt's like magicBut it's always been a smoke and mirrors gameAnyone would do the sameForty six billion ...4 days ago - What is Mexico doing about climate change?This is a re-post from Yale Climate Connections The June general election in Mexico could mark a turning point in ensuring that the country’s climate policies better reflect the desire of its citizens to address the climate crisis, with both leading presidential candidates expressing support for renewable energy. Mexico is the ...4 days ago
- State of humanity, 2024
2024, it feels, keeps presenting us with ever more challenges, ever more dismay.Do you give up yet? It seems to ask.No? How about this? Or this?How about this?When I say 2024 I really mean the state of humanity in 2024.Saturday night, we watched Civil War because that is one terrifying cliff we've ...4 days ago - Govt’s Wellington tunnel vision aims to ease the way to the airport (but zealous promoters of cycl...Buzz from the Beehive A pet project and governmental tunnel vision jump out from the latest batch of ministerial announcements. The government is keen to assure us of its concern for the wellbeing of our pets. It will be introducing pet bonds in a change to the Residential Tenancies Act ...4 days ago
- The case for cultural connectednessA recent report generated from a Growing Up in New Zealand (GUiNZ) survey of 1,224 rangatahi Māori aged 11-12 found: Cultural connectedness was associated with fewer depression symptoms, anxiety symptoms and better quality of life. That sounds cut and dry. But further into the report the following appears: Cultural connectedness is ...4 days ago
- Useful context on public sector job cutsDavid Farrar writes – The Herald reports: From the gory details of job-cuts news, you’d think the public service was being eviscerated. While the media’s view of the cuts is incomplete, it’s also true that departments have been leaking the particulars faster than a Wellington ...5 days ago
- Gordon Campbell On When Racism Comes Disguised As Anti-racismRemember the good old days, back when New Zealand had a PM who could think and speak calmly and intelligently in whole sentences without blustering? Even while Iran’s drones and missiles were still being launched, Helen Clark was live on TVNZ expertly summing up the latest crisis in the Middle ...5 days ago
- Govt ignored economic analysis of smokefree reversal5 days ago
- True Blue.
True loveYou're the one I'm dreaming ofYour heart fits me like a gloveAnd I'm gonna be true blueBaby, I love youI’ve written about the job cuts in our news media last week. The impact on individuals, and the loss to Aotearoa of voices covering our news from different angles.That by ...5 days ago - Who is running New Zealand’s foreign policy?While commentators, including former Prime Minister Helen Clark, are noting a subtle shift in New Zealand’s foreign policy, which now places more emphasis on the United States, many have missed a key element of the shift. What National said before the election is not what the government is doing now. ...5 days ago
- Fast-track submissions period must be extended
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...8 hours ago - Release: Progress on climate will be undone by Govt
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...8 hours ago - Release: Dark day for Kiwi kids as a third of Govt cuts affect themNews that 1000 jobs at the Ministry of Education and Oranga Tamariki could go is devastating for future generations of New Zealanders. ...2 days ago
- Release: Alarm as Government signals further blow to school lunchesMore essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...3 days ago
- Release: Quick, submit – stop Govt’s dodgy approvals billThe Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...3 days ago
- Government throws coal on the climate crisis fireThe Government’s policy announced today to ease consenting for coal mining will have a lasting impact across generations. ...4 days ago
- Release: Public transport costs to double as National looks at unaffordable roading project insteadCancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...4 days ago
- Release: Cost of living in Auckland still not a priorityA laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...5 days ago
- Greens look to fast-track submissions on harmful lawThe Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...1 week ago
- Release: Govt should stop making people’s lives harder and build more homesThe National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...1 week ago
- Release: Melissa Lee missing in action on mediaThe action Melissa Lee promised to protect democracy and the media sector is missing, Media and Communications spokesperson Willie Jackson said. ...1 week ago
- Landlord Government leaves little hope for rentersThe Government’s announcement on tenancy rules prove that it does not care about renters. ...1 week ago
- Opportunity to build a more sustainable economyGreen Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...1 week ago
- Significant step forward in fixing cruel and unjust pastA significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...1 week ago
- Missed opportunity but NZ will surely one day recognise the right to a sustainable environmentNew Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...1 week ago
- Release: Don’t cut our lunches – clear message sent to GovernmentTens of thousands of people are demanding the Government commits to fully funding free and healthy school lunches. ...1 week ago
- Release: Govt makes U-turn on Suicide Prevention OfficeLabour welcomes the Government’s U-turn on the closure of the Suicide Prevention Office, says Labour Mental Health spokesperson Ingrid Leary. ...1 week ago
- CCC issues warning over further climate delayToday’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...2 weeks ago
- Luxon targets lame and lousy example of leadershipIf talk is cheap, Chris Luxon’s “targets” are bankrupt. ...2 weeks ago
- Luxon targets are lousy example of leadershipIf talk is cheap, Chris Luxon’s “targets” are bankrupt. ...2 weeks ago
- Release: Commitment to disability communities missing from Govt prioritiesMinister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...2 weeks ago
- Methane target review is dangerous duplicationThe Government’s newly announced review of methane emissions reduction targets hints at its desire to delay Aotearoa New Zealand’s urgent transition to a climate safe future, the Green Party said. ...2 weeks ago
- Release: Government must commit to school building project for disabled studentsThe Government must commit to the Maitai School building project for students with high and complex needs, to ensure disabled students from the top of the South Island have somewhere to learn. ...2 weeks ago
- Release: National must take mental health seriouslyMental Health Minister Matt Doocey and his Government colleagues have made a meal of their mental health commitments, showing how flimsy their efforts to champion the issue truly are, says Labour Mental Health spokesperson Ingrid Leary. ...2 weeks ago
- Referendums for Māori wards a racist step backwardsThe Government's imposed referendum on Māori wards is a racist step backwards for Māori representation, and disregards Te Tiriti o Waitangi. ...2 weeks ago
- Release: Job losses at Health not worth it for tax cutsNew Zealand will feel the harm of the National Government’s reckless cuts to jobs at the health ministry for generations, says Ayesha Verrall. ...2 weeks ago
- Press release: No Māori initiatives in Government’s nothing planMāori are yet to see anything from this Government except cuts, reversals and taking our people backwards, Māori Development spokesperson Willie Jackson said. ...2 weeks ago
- Thirty six point PR spinThe Government’s ‘36 point’ plan for the next three months is as pointless as it is hollow. ...3 weeks ago
- Thirty six point PR spinThe Government’s ‘36 point’ plan for the next three months is as pointless as it is hollow. ...3 weeks ago
- Thirty six point PR spinThe Government’s ‘36 point’ plan for the next three months is as pointless as it is hollow. ...3 weeks ago
- Release: Social housing off Government’s to-do listThe Coalition Government’s refusal to commit to ongoing funding for social housing is seeing the sector pull back on developments and families watch their dreams of securing a home fade away, says Labour Housing spokesperson Kieran McAnulty. ...3 weeks ago
- Release: Less money in most people’s pockets this AprilChanges to minimum wage and benefit indexation means many New Zealanders will get less this year, as the Government gives a big tax break to landlords instead. ...3 weeks ago
- $41m to support clean energy in South East Asia
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...8 hours ago - Minister releases Fast-track stakeholder listThe Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...10 hours ago
- Judicial appointments announcedAttorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...11 hours ago
- Education Minister heads to major teaching summit in SingaporeEducation Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...11 hours ago
- Value of stopbank project proven during cycloneA stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...12 hours ago
- Anzac commemorations, Türkiye relationship focus of visitForeign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...12 hours ago
- Minister to Europe for OECD meeting, Anzac DayScience, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...14 hours ago
- Comprehensive Partnership the goal for NZ and the PhilippinesPrime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...1 day ago
- Government commits $20m to Westport flood protectionThe Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...1 day ago
- Taupō takes pole positionThe Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...1 day ago
- Cost of living support for low-income homeownersLocal Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...1 day ago
- Government backing mussel spat projectThe Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...1 day ago
- Government focused on getting people into workBenefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...2 days ago
- Clean energy key driver to reducing emissionsThe Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...2 days ago
- Earthquake-prone buildings review brought forwardThe Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...2 days ago
- Thailand and NZ to agree to Strategic PartnershipPrime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...2 days ago
- Government consults on extending coastal permits for portsRMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...2 days ago
- Inflation coming down, but more work to doToday’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...2 days ago
- School attendance restored as a priority in health adviceRefreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...3 days ago
- Unnecessary bureaucracy cut in oceans sectorOceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...3 days ago
- Patterson promoting NZ’s wool sector at International CongressAssociate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector. "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...3 days ago
- Removing red tape to help early learners thriveThe Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...4 days ago
- RMA changes to cut coal mining consent red tapeChanges to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...4 days ago
- McClay reaffirms strong NZ-China trade relationshipTrade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...4 days ago
- Prime Minister Luxon acknowledges legacy of Singapore Prime Minister LeePrime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong. Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...4 days ago
- PMs Luxon and Lee deepen Singapore-NZ tiesPrime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong. During today’s meeting, Prime Minister Luxon ...4 days ago
- Antarctica New Zealand Board appointmentsForeign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner. The Minister has appointed Neville Harris as a new member of the Board. Mr ...4 days ago
- Finance Minister travels to Washington DCFinance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom. “I am looking forward to meeting with our Five Finance partners on how we can work ...4 days ago
- Pet bonds a win/win for renters and landlordsThe coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...4 days ago
- Long Tunnel for SH1 Wellington being consideredState Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...5 days ago
- New Zealand condemns Iranian strikesPrime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel. “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says. "We are deeply concerned that miscalculation on any side could ...5 days ago
- Huge interest in Government’s infrastructure plansHundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...1 week ago
- Health Minister thanks outgoing Health New Zealand ChairHealth Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board. “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti. “I have asked her to ...1 week ago
- Roads of National Significance planning underwayThe NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says. “Boosting economic growth and productivity is a key part of the Government’s plan to ...1 week ago
- Navigating an unstable global environmentNew Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says. “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States. “We cannot afford to sit back in splendid ...1 week ago
- NZ welcomes Australian Governor-GeneralPrime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...1 week ago
- Pseudoephedrine back on shelves for WinterAssociate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...1 week ago
- NZ and the US: an ever closer partnershipNew Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says. “The strategic environment that New Zealand and the United States face is considerably more ...1 week ago
- Joint US and NZ declarationApril 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...1 week ago
- NZ and US to undertake further practical Pacific cooperationForeign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research. “New Zealand can achieve more in the Pacific if we work together more urgently and ...1 week ago
- Rousing farewell for Kiwi doctors flying out to Gaza aid flotilla
Kia Ora Gaza A passionate haka reverberated through Auckland International Airport as a medical team of three New Zealand doctors received an emotional farewell from a big crowd of supporters before flying to Turkey to join the international Freedom Flotilla to Gaza. The doctors, who left Auckland yesterday, hope to ...2 hours ago - Communities Against The Fast-track Heartened By ‘Overwhelming’ Public Response; Disgusted By ‘...
With submissions closing today, Macassey-Pickard says groups around the country have been supporting a huge range of people to make their submissions. ...3 hours ago - Renters Rights To Drastically Reduce Under Landlord GovernmentThe Government’s announced changes around tenancy rules set renters’ rights back by nearly a decade. ...3 hours ago
- NZPI Submission on Fast Track Approvals BillOur response to the new legislation is informed by targeted conversations with practitioners working in the system and through an implementation lens. ...4 hours ago
- Fast Track Invite List Includes Most Destructive Industries In New ZealandThe new ‘Fast-track Approvals Bill’ would give just three Ministers the power to approve or deny development projects. They would avoid the usual checks and balances that are in place to protect rivers, land, the ocean, and communities. ...4 hours ago
- Eugene Doyle: Helen Clark on why AUKUS isn’t in New Zealand’s national interestCOMMENTARY: By Eugene Doyle Helen Clark, how I miss you. The former New Zealand Prime Minister — the safest pair of hands this country has had in living memory — gave a masterclass on the importance of maintaining an independent foreign policy when she spoke at an AUKUS symposium held ...4 hours ago
- Government releases list of organisations shoulder-tapped for fast-track consents
The government's released the list of organisations provided with information on how to apply - just hours before public submissions on the bill close. ...5 hours ago - The Week in Politics: Job cuts surge and Waitangi Tribunal troubleAnalysis - It's been a grim week for public servants, while trouble is also brewing between the government and Waitangi Tribunal. ...6 hours ago
- It never rains but it pours: intense rain and flash floods have increased inland in eastern Australi...Source: The Conversation (Au and NZ) – By Milton Speer, Visiting Fellow, School of Mathematical and Physical Sciences, University of Technology Sydney Before climate change really got going, eastern Australia’s flash floods tended to concentrate on our coastal regions, east of the Great Dividing Range. But that’s changing. Now ...6 hours ago
- Watch: Christopher Luxon speaks to media in ManilaThe PM has defended how he's talked up NZ trade on his trip to Southeast Asia, after criticism from his own delegation. ...7 hours ago
- ‘It could be the death of the museum’: why research cuts at a South Australian institution have ...Source: The Conversation (Au and NZ) – By Elizabeth Finkel, Vice-Chancellor’s Fellow, La Trobe University Sia Duff / South Australian Museum In February, the South Australian Museum “re-imagined” itself. In the face of rising costs and inadequate government funds, CEO David Gaimster, who took the reins last June, declared ...7 hours ago
- Government signs off $41m clean energy deal with Asian Development BankThe government has committed $41 million to clean energy transition at the Asian Development Bank's Energy Transition Mechanism. ...7 hours ago
- Are 2 mid-career AFL retirements a sign Australian athletes are taking brain health more seriously?Source: The Conversation (Au and NZ) – By Alan Pearce, Professor, School of Allied Heath, Human Services & Sport, La Trobe University, La Trobe University This week, Collingwood AFL player Nathan Murphy announced his retirement, brought on by his concussion history and ongoing issues. The 24-year-old’s seemingly sudden retirement, ...9 hours ago
- Luxon: Waitangi Tribunal comments from coalition parties 'ill considered'Comments from ACT and NZ First ministers about the Tribunal were "ill considered" and "that message will be underscored" to them, the PM says. ...9 hours ago
- Mental Health Foundation Facing Staff Cuts From Govt Funding SqueezeThe Mental Health Foundation provides support and resources for those facing the loss of their job, so it’s wrong in the very week the Government adds another 1000 jobs to its tally of cuts, that this is happening. ...9 hours ago
- I wholeheartedly recommend The President: a brilliant revival of a play of decay, terror and revulsi...Source: The Conversation (Au and NZ) – By Alexander Howard, Senior Lecturer, Discipline of English and Writing, University of Sydney Daniel Boud/Sydney Theatre Company Decay, terror, revulsion. These are three of the central themes of Thomas Bernhard’s rarely performed play The President. The Austrian is one of the greatest ...10 hours ago
- How the coolest little capital is shrinkingIt's not the first time a government has targeted public servants for job cuts, but this time Wellington is really feeling it. ...10 hours ago
- Ministers accused of Cabinet Manual breach with threats to Waitangi Tribunal
Prime Minister Christopher Luxon says threats by ministers Shane Jones and David Seymour to reform or close down the Waitangi Tribunal were “ill-considered”, as legal experts say the ministers may have breached Cabinet Manual conventions. “I think those comments are ill-considered and we expect all ministers to actually exercise good ...10 hours ago - Many prisoners go years without touching a smartphone. It means they struggle to navigate life on th...Source: The Conversation (Au and NZ) – By Ye In (Jane) Hwang, Postdoctoral Research Associate at School of Population Health, UNSW Sydney Shutterstock You’d be hard pressed to find any aspect of daily life that doesn’t require some form of digital literacy. We need only to look back ten ...10 hours ago
- Good news: midlife health is about more than a waist measurement. Here’s whySource: The Conversation (Au and NZ) – By Rob Newton, Professor of Exercise Medicine, Edith Cowan University Pexels/RDNE stock project You’re not in your 20s or 30s anymore and you know regular health checks are important. So you go to your GP. During the appointment they measure your waist. ...10 hours ago
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Obama has certainly named the problem. But the forces aligned against him are immense. In the time of Teddy Roosevelt Conservatives and Liberals could at least agree on what the goal of political life was… the betterment and progress of the nation more or less as a whole.
And while they may have disagreed on exactly how to achieve that, the real work of politics got done in the country clubs and golf courses where opponents could compromise; to negotiate and horse-trade. Politicians understood that things only got done if you built a broad consensus for them.
But 30 years of neo-liberal extremism has dismantled not only the social contract, but the political one as well. As Obama states in the speech, Washington is now in a state of permanent grid-lock… nothing significant gets done.
How can Obama single-handledly break this impasse? The US Constitution explicitly balances the power of Presidency against that of Congress and the Supreme Court…. and both are oburately aligned to the interests of the corporates and wealthy. The sheer impact of the money and power being wielded against Obama compells us to ask … what is the possible circuit-breaker?
From my point of view in the US, it starts with
– Getting corporate money out of Washington. For instance, campaign finance reform (public funding of election campaigns, tight caps on donations and strict spending limits).
– Electoral reform. For instance, increasing the proportionality of their electoral system and taking steps to increase voter participation.
– Breaking up and regulating the TBTF financial system.
None of that is ever going to happen IMO. My worry is that there will be a false-flag event and things will actually go the other way in the US.
Lets face it. When a person most people had never even heard of a year before gets propelled into the top job you know he was put there by the elites to carry out their agenda. (Corporate doantions confirm it.)
American bankers and corporations have been ‘in love’ with fascism since the 1920s but have had to erode the structure of US society and undermine the constitution gradually.
They now have the bulk of the American public where they want them -confused, fearful and dependent. High unemployment means military (or private security) recruitment is so much easier than it was. Give a hungry man three square meals a day and a uniform ….
The next couple of years are going to be rather nasty for most people.
It’s going to be a hard thing to push against because at the same time you have to push against their economic power and idealogical power.
The good thing is that there are some fairly rigorous critiques being built up of the elegantly simple framework of free market capitalism, so hopefully if they can gain enough agency and form a fairly singular framework that is an alternative to the current one it might have a shot.
Who knows if it will be too late or not.
It’s always going to be ideas/people against ideas/capital, at least now there pretty effective ways to get these to a lot of people, it just has to be the right idea – I’m thinking ecological economics etc might have a real shot.
Ahhh, election year, 2012.
When you examine the detail of Obama’s presidency, including the massive number of drone killings in foreign countries without any oversight or consideration for international law, ongoing trillion dollar support for the bankers while ordinary Americans sink below the poverty line (46M on foodstamps and counting), and the new law just passed allowing for the indefinite detention of any US citizen without charge as a measure of the ‘War on Terror’, I think its safe to say that “change you can hope for” is a long way gone.
Another measure of the “war on terror” is that fewer people have died in military actions in the last decade than in any prior decade of the last hundred years. Oh look, a change for the better.
Dunno about that, the estimates of increased Iraqi civilian deaths in the years immediately after Iraq was invaded were high. A million plus IIRC. Many of them not due to direct military action, but the ongoing negative effects of US occupation and loss of US control of the structures of Iraqi society.
Yes, it seems counter-intuitive doesn’t it? Nonetheless I have found this reported by several different sources within the research community. Debate, of course, continues to rage about methodology, but so far as I can tell there has been no serious rebuttal of the finding. cf: Steven Pinker et al
This is forward looking of course, but deep economic, financial and debt crises were a major driver of big wars in the 20th century.
So Obama is not in the clear yet, even on this count.
I’ve given up trying to figure out what Obama’s administration stands for. This speech is all very well, but what (if anything) are they actually going to do?
The worst possible president apart from all the other ones?
CV
If all goes according to plan O’bomber will soon be able to say: “I didn’t know any of it was happening. There was a communication breakdown between government departments and the private contractors.”
Well, that would be the case if the world really worked on the basis of a gigantic secret conspiracy, rather than simply being SNAFU.
The idea that wealthy men would conspire to make themsleves and their associates wealthier does not occur to some people.
This speech is very much like the ‘hope and change’ bullshit that Obama churned out in order to become president -he is from the Chicago ‘school’ after all.
Sure, the money-lenders and corporations are in control. They are in control throughout the western world. The breakup of the Rockerfeller Standard Oil empire in the early 1900s was only a temporary setback on the path to near-total control they have now achieved.
What Obama failed to mention is the underlying reason for the fall in the American standard of living and why the American standard of living must inevitably continue to fall. Well, he couldn’t, could he?
http://www.econbrowser.com/archives/2007/05/peak_oil_in_ame.html
No need to read the text, just look at the graph.
Money ain’t comin’ out the ground like it used to.
Energy ain’t coming out of the ground like it used to.
Money still seems to be flowing out of printing presses and electronic accounts fine however. As you well know (but not many others) the former is critical but the latter is fairly useless.
the world is coming to the end of an era if not an epoch.
the forces at large are beyond the control of mere mortals.
that might sound pretentious but wait and see.
Obama is doing the best he can with a deck that is just about stacked against him, especially the noo noo head republicans who think that money equates to intelligence.
CV
Good point.
I tried to simplify it, rather than going into all the details about how the US was the biggest exporter of oil in the world through the 1930s to the 1960s and still had so much oil left over it could be sold domestically for a few cents a gallon, as the prime energy source for citizens and much of industry.
Ah, the 1950s, when cars began to resemble Flash Gordon space rockets and fuel economy was the last thing on anybody’s mind.
Jimmy Carter was the last president to speak honestly about the long term energy situation. (He was even honest about the need to for America to take control of Middle East oil.)
Since his time the world has been subjected to a series of buffoons, sabotuers and criminals of the highest order as presidents.
I see that the EU has come up with a new scam to restore confidence in financial systems for a few more months (weeks?), while the in the real world ‘everything turns to custard’.
There’s no getting round declining Energy Return On Energy Invested whatever the clowns in high office might tell the proles.
Perhaps 1-2 weeks. Probably only days.
You see, all the big market players already know that these bail out facilities are only ‘optical backstops’, mirages in other words, with very little substantial behind them.
Typical social democrat.
Identify the problem then do nothing about it.
This is why people give up on voting. Only the right have the courage of their convictions.
Whether its in Greece, Spain the US, the UK or here in NZ social democrats have consistently let their supporters down by talking like socialists and acting like neo liberals.
They act as a roadblock to the formation of political movements that might challenge the ruling class but won’t do the job themselves.
They are the biggest contributors to alienation from the voting system and undermine democracy far more than the right who at least have the honesty to talk like bastards and act like bastards.
Its time for the social democrats like Obama and the Labour/Socialist parties in the developed world to either piss or get off the pot.
+1
the 4th Labour Government brought in neo-liberalism which is the cause of the countries problems, The 5th Labour Government did SFA to fix to fix the problems and actually actively supported most of them, and the leadership of Labour over the last three years promised more of the same. The Greens are now following the same path.
The people who want to make a difference and correct the problems caused by over exploitation have no one to vote for.
@lefty
“Typical social democrat.
“Identify the problem…….”
At least an American President has’identified the problem’, and given an articulate and powerful voice to it. Big step. One needs to identify the problem before it can be solved. It is more than a Republican would be able, or prepared, to do.
Oh give me a break.
Obama is financed and owned by Goldman Sachs, is going to sign the S. 1867 act which will turn the entire US of A into a battlefield allowing the army to arrest anyone, anytime and for as long as they want without a trial and has committed more war crimes than Bush. He is not going to do anything his masters don’t want him to do/ In fact I would go as far as saying that he is a narcissistic teleprompter reading puppet while the committee of five including Hillary Clinton and Panetta rule globally with impunity.
Moore: “Wall Street Has Their Man And His Name Is Barack Obama”
Wrong, the underlying cause is capitalism. Capitalism will always create poverty and thus collapse.
Not runs the risk, it’s already been sold.
Meh, A speech that basically promises to keep doing what we’ve always done.
Meh, A speech that basically promises to keep doing what we’ve always done.
The speech itself contains little that hasn’t been said elsewhere; it the fact that the President of the USA who is saying it that makes it … almost remarkable.
The largest investment banks and corporates have already made sure that Obama has far more money in his 2012 campaign accounts than the 8 Republican candidates put together.
Obama does good speeches; now what else is he going to do.
Doesn’t matter WTF said it, it promises not to change the status quo and that’s the bit that needs changing.
Maybe Obama offers a final hope before the radical polarisation and disintegration of the American commonwealth?
As do others, I see little hope for any resolution of the issues he traverses: the opportunity cost of the last decades is yet to be paid in full, and the resources to remediate things have largely been squandered.
I think that those perceived to be ‘rich mfos’ may soon need more than gated communities to protect their slice of the Dream.
Heaven forbid we become similarly polarised in NZ.
Gal.
‘Maybe Obama offers a final hope’
Did you read the previos comments?
The neo-fascists have their man in position, and he is doing exactly what anyone would expect a puppet of Wall St to do.
What Obama says is largely irrelevant. cf. 2008 “hope and change you can believe in.”
Yes I did read the comments.
I don’t know anyone who’s happy with Obama (no need to denigrate the man by contortions of wit upon his name) but most are able to differentiate the man from the system, and attribute blame accordingly.
Andif he fails to make others support his change, well, what was it I wrote in the rest of the sentence?….( you know, the bit you omitted that followed ‘hope’?)
Downthread posts are on the money.
“Here, finally, is the Barack Obama many of us thought we had elected in 2008.”
So what exactly happened to that guy? Obama seems to have a special talent for making rousing speeches that hit on exactly what people want to hear – come election time. Pretty words are well and good, but actions speak louder.
My dear mum was so impressed with Obama when he was elected, as if he was the guy that was going to save the world. I pointed out to her then that he hadn’t actually done anything. I thought even he looked a little embarrassed when he accepted his Nobel peace prize before having done anything.
I seem to recall him promising very similiar hope and change four years ago. Four business as usual years ago. If he gets re-elected on this populist line and nothing changes, I think hope itself will be declared dead in the US.
This will be a fascinating election for sure. If he’s serious about doing something to fix these problems, he will face very powerful forces against him. If he’s not, if won’t matter much whether the Americans pick the psychopath from the blue team, or the psychopath from the red team.
Yes the Obama Administration has fallen WAY short of the man’s rhetoric.
At the same time Obama’s entire Presidency has been blighted, initially by the 2008 fiscal crisis, and then by a Congress unhinged in it’s opposition to him. Even so in the first two years significant health-care reforms were achieved despite a HUGE politial battle that consumed immense amounts of political capital and good will.
But in the aftermath of that the American public elected a Congress dominated by an insane GOP Party that has not only rejected every possible opportunity for bi-partisanship, but sought at all times to destroy the Obama Presidency. Even to the point of failing to confirm routine senior public service appointments.
The Republicans have made it virtually impossible for Obama to achieve anything. Their behaviour is unprecendented in all US history; at times bordering on the traitorous. (Consider their attempt to bankrupt the Federal govt by threatening to not vote for a routine increase of the debt ceiling limit.)
I doubt any President has faced not only such challenging times globally…but certainly none who have had to contend with such a hostile, rejectionist political environment… utterly determined to destroy him regardless almost of the cost… even to the nation.
Yes I agree Red, that’s the narrative that has come out, of a president who can’t pass anything legislation because congress quashes it just because it can. If it’s true it’s borderline traitorous as you say. Not that I have any good reason to doubt it, we just have no real way of knowing what on Earth is really going on there.
People will say though, “He promised the same change we could believe in in 2008, why should we believe it now?” (Though it’s probably not enough for his supporters to switch their vote to the Republican insanity.) I’m glad he’s saying it, I’m just saying that talk is cheap.
He’s also up against the Fox news propaganda machine, look for them to amp up the hate coverage to unprecedented levels this year.
Also, like most Obama speeches, I see a lot of “Just like you America, I don’t like x, y, and z. What I do like is American ideals and values a, b, and c. In my vision of America blah blah blah” But no concrete pledges or ideas about what exactly he intends to do.
And people wonder why I’m so against having a bicameral parliament.
Derrick Jensen ‘nailed it’ when he said: ‘Hope is the problem.’
I hope global corporations are not going to log more of the last remaining tropical jungles.
I hope BP doesn’t start drilling in the Arctic.
I hope deep-sea trawlers aren’t going to overfish the last of the fish stocks.
I hope governments decide to do something about global warming.
Hope is one of the greatest obstacles to personal action ….. especially when you are hoping someone else will do something.
see whether you like him or not, or his party, or his achievements he is the best we have got and he doesn’t fix parking tickets.
the world is changing faster than mortgage rates and someone has to be at the helm and BO is it and a million times better than the republican party grotesques.
Exactly randal. Yes we hoped for better; we could well have had much, much worse.
True, true, randal and RedLogix.
I wish Obama’s speechwriter would run for the Presidency. He seems like a cool guy.