Monday, March 16, 2009

Update: "Off The Cliff"

Maybe we are on a ledge now.
But a few things are clearer including fundamentals, except where what Obama said is anything like what McCain said.
[BONUS UPDATE[*]: Organizing For America And More]

In that vein (of the lead update) I append this economic perspective:

And throw out this idea to be reality checked:
a cap in the derivative process.

It seems that the real problem in the financial crisis was the packaging of investments (derivatives) that made them an increasing gamble and risk and further blew up the bubble. This may have already been addressed with new regulation and management, I am not sure. (It still seems a potential for ponzi or pyramid scheme, which furthers government interdependence. But with a clearer understanding of the Cap and Trade for Carbon emissions, maybe this could work for other issues and would have an impacted in guiding our values back to people rather than profits and away from a reliance on blowing things.

While this may be an example of too creative thinking, and too similar to the way I began this dialogue, I hope someone can grasp any threads which they might pull or weave for us. On the other hand a particular part of the Reich piece points to my need for better understanding of an impact. In the area of education reform and Obamanomics: "It cuts subsidies to banks participating in the student-loan program, which is exactly what Bill Clinton did, and it provides some funds for early childhood education." But I guess this just demonstrates the bottom up and balanced approach that in the context of the college tax credits and pell grant increases are necessary. (therefore not "on the other hand")

For a short allegory (enticing heading aside) on how we are all in this together, I just updated:(see ledge now: under construction) (3-18-09)
Since I have possibly dispelled my own concern regarding the one possible glitch in Obamanomics, I leave with another to dispel or verify. How is it that there can be a concern for imagined trickle-down opportunity being dashed by taxes, when business expenses are not really on the table? Food for thought? Or the recycler?

P.S. For a more deeply embedded compendium of sorts, where I picked on Chris Matthews (In an aside) and picked up on Jon Stewart(FNBC). And as far a fundamentals of McCain and Obama it is in the media that the difference lies as much as earmarks when it comes to comparing apples and oranges or pork and ham where we have a rotisserie of meaning and values and what is being skewered or brings stock aid to mind.

[And this addendum: Go Stephanie Miller! Thanks for being on CNN to balance Tucker'd out. And it is more than just funny, but that I have only stumbled on this now, and it is deeper and more on message than just video or Unsatire as the world evolves.]

[*] CORRECTION: These are not bonus links. At least the first is right on target at the fundamental difference: focus, fix and the press.

[Update 3-20-09: I never really did read Off The Cliff but used it as an allegorical leap, but here is a good point which it may have taken me some time to get to in the link I had.]

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