Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts

Friday, April 17, 2009

Another Nobel prize winning economist says: we're screwed

Joseph Stiglitz joins fellow Nobel-winner Paul Krugman in calling out the Obama administration. Both agree that the Obama plan will not work; Stiglitz is to be admired for stating in plain and unadorned language exactly why it won't work.

http://bloomberg.com/apps/news?pid=20601087&sid=ahnPchOxZMh8&refer=home

April 17 (Bloomberg) -- The Obama administration’s bank- rescue efforts will probably fail because the programs have been designed to help Wall Street rather than create a viable financial system, Nobel Prize-winning economist Joseph Stiglitz said.

“All the ingredients they have so far are weak, and there are several missing ingredients,” Stiglitz said in an interview yesterday. The people who designed the plans are “either in the pocket of the banks or they’re incompetent.”

Tuesday, January 20, 2009

Duty Now For The Future

Decades ago – long before I became gray and respectable – I was a big fan of the punk rock band Devo. I found myself remembering their second album just now; specifically, the title of the album: “Duty Now For The Future.” Today, that phrase seems to carry an unexpected weight; it seems pregnant with meaning and promise.

As I write these words, President Obama has just finished his inaugural address. It was an address for the ages, and yet one that was desperately needed at this particular time in our history. It pointed the way forward with resonant themes from a simpler and more honest time. The themes of duty, sacrifice, responsibility, obligation, and service.

To which I can only respond: it’s about time. Long past time, in fact. Long past time for Americans across the entire political spectrum (as well as those who consider themselves apolitical) to embody these ideas -- ideas that have recently been misappropriated by the hard-right fringe of the body politic and used as blunt instruments of political demagoguery.

It’s a funny thing about America: almost no one talked about duties anymore. All we hear from Americans is the endless din about “rights.” The idea that our rights can exist in a social vacuum, without a corresponding set of duties, is a toxic idea that is poisoning America. We have come to believe that we are nothing more than individuals, and that as such all we need concern ourselves with is rights, and never with obligations.

Let’s talk about obligations for a change, and about duties. A philosophy that proclaims the idea that rights do not have their basis in duty and obligation must inevitably result in a sick, narcissistic citizenry, a citizenry from whom the endless, birds-nest cheeps of “Me! Me! Me! Me!” has reached deafening volume. It is time for less talk about our rights as citizens, and more talk about our duties as citizens.

Obama is not calling America to service because such service is "needed” in any practical sense. He is calling for service, and sacrifice, and a sense of obligation because these are the rhetorical clarion calls by which one inculcates a sense of shared duties and national solidarity, without which no healthy, committed society can be built or surv