I was listening to Obama speak on his stimulus plan today, and he's talking about making us energy independent. He's talking about creating 460,000 jobs through clean energy investment, laying transmission lines for clean energy and making the Federal government more energy-efficient. He's going to lead us out of the recession on the clean energy movement. First step: allow the states to enact the regulations Bush wouldn't allow.
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I wish his plan would work. But I have been watching administrations scramble as the economic crisis deepens, and nothing seems to work.The same regulations that may eventually make us energy independent will, in the short term, make us uncompetitive compared to China. Chinese cars are about to come into the American market just as American cars will be mandated to achieve greater fuel efficiency.
This is bringing me to a conclusion I don't want to come to: it's possible that no economic stimulus will work. Each one will prop up the economy for a while, but the underlying structure has grown incorrectly since the last Depression, and perhaps, as the Conservatives insist, it has to melt down completely before it can grow back correctly. In some ways, our entire economy was constructed as a Madoff-like scheme built on fraudulent financing and the specious demand for goods and jobs generated by easy money.
And I alsoI fear that Obama's new initiative will create new jobs in clean energy -- jobs that will go begging because Americans are not trained to do them, and because university budgets are being cut and college loans are contracting and it will take a while before we have an economy that can produce workers for the new energy economy. It's not so easy as creating the jobs. We have to create the workers as well.
This morning I was listening to Carl Bernstein speak on Morning Joe, and he reminded me that the best minds in the country are working on the economy, and they are truly scrambling as things get worse and worse. Obama will sign executive orders to create a more economically viable environmental movement and business will argue that regulations make us less competitive. In health care, there will be a demand for nurses and a lack of supply, or a lack of money for hospitals to hire them.
In Eastern philosophy, this is known as the interconnectedness of all things. It means there is no solution and all solutions must happen simultaneously. It means we have to remember, when things get better, which they will, that they will cycle down again. The same real estate industry that swore in 1987 that it would never overbuild. is facing the same vacancy rates less than 25 years later. This is called the wheel of existence. And we never get off it unless we learn.
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Obama To GOP: "I Won"
President Obama listened to Republican gripes about his stimulus package during a meeting with congressional leaders Friday morning - but he also left no doubt...
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Obama Stimulus: More Than $600 Billion In Next 18 Months
Aides to Barack Obama said the president is likely to spend more than $600 billion in stimulus cash in the next year and a half...
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Clyburn On GOP Stimulus Opposition: We Won, Now Move On
Barack Obama and his team of advisers have framed the process of crafting a stimulus package as one that will be inclusive and bipartisan in...
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Controversial CBO Report On Stimulus Turns Out Not To Exist
Reports of a recent study by the Congressional Budget Office, showing that the vast majority of the money in the stimulus package won't be spent...
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Obama Pitches His Plan To Reverse Economic Slide
WASHINGTON — President Barack Obama met with his economic advisers Saturday after he asked Americans to support his economic package as a way to better...
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House Stimulus Bill (FULL TEXT) UPDATED
The 647-page House stimulus package scored the coveted designation of H.R. 1, which the Speaker reserves for her highest legislative or symbolic priority. The bill...
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Obama Offers Proposals In Stimulus Plan That "Appear Designed Specifically To Attract Republicans"
President Obama ramped up his personal lobbying campaign for an economic recovery package that would cost at least $820 billion, holding his first bipartisan gathering...
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Warren Buffett: "Nobody Knows" If Stimulus Package Will Work
SG: But there is debate about whether there should be fiscal stimulus, whether tax cuts work or not. There is all of this academic debate...
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McCain Not Satisfied With Stimulus, Wants "Major" Rewrite (VIDEO)
Sen. John McCain (R-AZ) said on "Fox News Sunday" that he would not support the $825 billion stimulus package as written. He argued that the...
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Rush Limbaugh Opposes Stimulus Package Because Success Could Hurt GOP's Electoral Chances
On Friday, when President Obama met with congressional leaders from both parties to discuss his economic recovery and reinvestment program, he told GOP leaders, "You...
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Obama's Right-Wing Dinner Friends Blast Stimulus Plan
Several days before taking office, President Obama traveled to George Will's home to dine with a handful of conservative media elites. The beltway conventional wisdom...
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GOP Leaders, Including McCain, Reject Stimulus Plan
Leading Republicans Sunday indicated that they would oppose passage of the stimulus package as it is currently written. While there is bi-partisan acknowledgment that some...
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Businesses Lobby For Their Cut Of Stimulus Pie
WASHINGTON -- Business groups are ramping up lobbying efforts to expand tax credits and incentives in President Barack Obama's $825 billion economic-stimulus bill slated for...
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Obama's Fifth Day: GOP Signals Opposition To Stimulus, Obama Announces New Environmental Policy
President Obama on January 25th, his fifth day in office, received strong signals from leading Republican politicians and intellectuals that they would oppose his stimulus...
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Krugman: Obama Should Ignore "Huffing And Puffing" Stimulus Opponents
Economist Paul Krugman has been somewhat critical of President Obama's stimulus plan. But today in the New York Times he defends the proposal: As the...
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It's Show Time for Obama
When it comes to the stimulus plan, the bipartisan honeymoon is unlikely to last, and I'd say good riddance.
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Making Sense of CBO's Stimulus Projections
While CBO is certainly "where the action is in federal budgeting," as it boasts on its website, I am not convinced that they have met the standard for analysis that should be expected of them.
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Now Is the Time to Bail Our Poor Children and Families Out of Poverty
Isn't it time to end the lottery of geography on child survival and provide every child a national safety net of decency?
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Where's A Good Earmark When You Need It?
If the drafts of the stimulus bill are any indication, a world without earmarks also may be a world without accountability and transparency.
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So Now They're Fiscal Conservatives
The government is the only economic player right now. Yet -- according to Republican economic philosophy -- this is the time to become fiscal conservatives. Please.
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A Rush to Bad Judgment
If Rush Limbaugh and Republicans who dare not criticize him get their way, and the president actually fails -- it means the national economy turns into a Depression and America is crushed
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Economic Stimulus Bill: Sound Policy vs. D.C. "Bipartisanship"
Why do Democrats seem more interested in attracting majority Republican support they clearly do not need than in passing a bill that uses taxpayer money most effectively to stimulate the economy?
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Rush Limbaugh Is Hot Under the Collar
Right now Rush is being played. The Obama dinner with conservative columnists, shortly before his inauguration, was as much about excluding Rush as coddling the columnists.
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Stimulus and Energy
We have the capacity to reduce our dependence on foreign oil by 50% overall and reduce to zero the amount of oil we import from the Middle East, Africa and Venezuela. We don't have to be at the mercy of OPEC.
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Retro-Hooverites All
The Republicans voted against their country today. Their fellow citizens needed them to act on their behalf and instead they chose to abandon them. Theirs is an ersatz patriotism.
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What Obama's Nixing Family Planning Money Tells Us
Today we have learned something about the administration's priorities. And appeasing Republicans ranks appears to be a higher priority than family planning.
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Obama's Economic Recovery Plan Is Almost As Pure As Ivory Soap
This is the biggest and boldest progressive legislation in 40 years. By all means, register your complaints against the business tax cuts. But don't let that dampen your enthusiasm for this historic measure.
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Republicans In Congress Get Behind Limbaugh's Call For Obstructionism & Failure
Over the last few days I reached out to a few dozen Democratic members of Congress to ask them what they made out of Limbaugh's poisonous rant on the radio last week.
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Taking Responsibility: Republicans Continue Recovery Obstruction
There appears to be no factoid or morsel of misinformation Republicans are unwilling to utilize to make the case to do nothing other than provide still more tax cuts to their business friends.
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Obama Versus the Republicans: Chill Out, He's Got This
The people who got everything wrong for at least the last eight years and then spent the better part of the week spreading misinformation are demanding to be taken seriously? That's rich.
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A Hole Worth Digging?
Injured and wayward, the Republican leadership has geared up for a fight it cannot win, against a president who, both in mandate and in institutional advantage, enjoys unmatched power.
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The Audacity of Rush Limbaugh's Hope: Standing Up to the Hubris of a Bully
Rush Limbaugh wants Obama to fail. Why? Because people might stop paying attention to Rush Limbaugh.
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Ignore Limbaugh
Obama should not have referred to radio talk show host Rush Limbaugh in his recent remarks directed to Republican Congressional leaders.
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Condoms and Art are Stimulating (to the Economy); Corporate Tax Cuts Not So Much
If we want more stimulus, economic and otherwise, we need more funding for the arts and for family planning/safe sex, and less tax cuts for corporations.
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