January 21, 2010

The Supreme Court, Air America and Scott Brown Part 1

This web site is about making the world a better place so that you can enjoy it. So, when big things happen it's important to think about whether it is going to make the world a better place or a worse place… and to do that it's important to determine what it means for the world to be better. Different people have different ideas, but at the heart of any definition must be the basic notion that better for anybody means that life is easier, more happy, more satisfying, and more secure. Then, by extension, something that makes the world better makes it better for the greatest number of individual people. In the USA, that means that something that makes citizens have easier, happier, more satisfying, more secure lives is a good thing.

So, by that definition, the current recession is a bad thing. That's an easy thing for just about everyone to agree with because very few people are happier, more satisfied, more secure, or have easier lives… very few except for the folks on wall street. Think about it. The facts are very simple.

  • The wall street crowd did such an incredibly bad job that they put their companies and the economy of the entire nation at risk
  • America bailed them out. In other words, the government took your money and gave it to the wall street banks.
  • At the same time Americans were loosing their jobs and homes in record numbers.
  • The wall street banks used your money to secure additional profits for themselves by doing additional speculation. They had an unbelievable deal that let them get all the profits if they won and let you take all the losses if they lost.
  • The banks have done very little to help ordinary American citizens. They have not been loaning out your money to businesses that would hire you and would let you pay your mortgage.
  • Now the wall street bankers are paying themselves huge bonuses with the money that was made with your money. This money would go a long distance to solving the money and jobs problems they helped to create.
What happened to the core values of this country that has allowed this to happen? What made greed at the expense of others such a prevailing moral value? How did we get the idea that it's ok to bail out big companies but not help out average Americans? Warren Buffett once said something to the effect that there is class warfare going on in the USA, and his class (the rich guys) are winning. The fact is that the history of the United States has largely been the struggle of organized money against organized people. Well, the struggle continues… the question is whether a corporate focused democracy is a good thing for most of the people. The second question is how you can make your world better in this environment… that's in part 2.

Filed under Change, Investing, politics by Ron

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Comments on The Supreme Court, Air America and Scott Brown Part 1 »

January 25, 2010

davidbaer @ 4:20 am

There's a movement to radically change California government, by getting rid of career politicians and chopping their salaries in half. A group known as Citizens for California Reform wants to make the California legislature a part time time job, just like it was until 1966.

http://www.onlineuniversalwork.com

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