Category Archives: Connecting the Dots

Worldly Philosophers for Hire

| |Follow LJF97 on Twitter Tweet | In “Wanted: Worldly Philosophers,” Roger Backhouse and Bradley Bateman say:|”IT’S become commonplace to criticize the “Occupy” movement for failing to offer an alternative vision. But the thousands of activists in the streets of New York and London aren’t the only ones lacking perspective: economists, to whom we might expect to turn for such vision, have long since given up thinking in terms of economic systems — and we are all the worse for it. ”

 As these pictures, from here, and here, show, the “Occupy” movement supports labor rights and environmental protection. The “Occupiers” do not, therefore, lack perspective.

Image shows union support at Occupy Wall St.They – we – see my work here at Popular Logistics, here at XBColdFingers, or meet me at Zuccotti – lack influence.

Paul Krugman and Joe Stiglitz are the most famous economists whom Backhouse and Bateman might describe as “Worldly Philosophers with perspective.” Tom Friedman may not have have studied economics; but he too fits the bill of “Worldly Philosopher with Perspective.” There are others.

Sadly, Obama, Biden, Sommers, Geithner, and Chu, like Bush, Cheney, Rice, Rove and Rumsfeld, like Bachmann, Cain, Gingrich, Huntsman, Paul, Perry, Romney, and Santorum, don’t know the answers – and what is worse, they don’t even seem to know which questions to ask.

As noted above, “the ‘Occupiers’ do not lack perspective.  They – we – lack influence.” To correct that I would like to personally extend an invitation to President Obama, Vice President Biden, any members of the cabinet, or the White House or campaign staff and any of the current candidates for the Republican nomination to meet me at Zuccotti Park, or at the time and place of their choosing, for a discussion on the issues.

Can Anyone Really Create Jobs? Yes We Can!

FDR Follow LJF97 on Twitter Tweet Writing in the NY Times, Adam Davidson of Planet Money, asks “Can Politicians Really Create Jobs? Davidson says “No.”

But with all due respect to Mr. Davidson, as Barack – The Candidate – Obama said, “Yes, We Can!”

And yes, Presidential candidates can create jobs – presidential campaigns are staffed by people. So obviously, the President can create jobs. Anyone can. All it takes is a need for something to get done. Whether you do it yourself or you pay someone else to do it, it’s a job. So the real question for the President, the Presidential Candidates, our elected Representatives in Washington and in State and Local Government, and for us ourselves, is not “Can we create jobs?” The real question is “How do we create 10 or 15 million good new jobs?

Davidson talks about Keynes and the Chicagoans.

Chicagoans believe that economies can only truly recover on their own and that policy interventions only slow the recovery. It’s a puzzle of modern politics that Republicans have had electoral success with a policy that fundamentally asserts there is nothing the government can do to create jobs any time soon…. Romney, Perry, Herman Cain and the rest won’t come out and say, “If elected, I will tell you to wait this thing out.”

This is what Herbert Hoover said and why Franklin Delano Roosevelt won the election in 1932.

Instead, Republican candidates fill their jobs plans with Chicagoan ideas that have nothing to do with the current crisis, like permanent cuts in taxes and regulation. These policies may (or may not) make the economy healthier in 5 years or 10, but the immediate impact would require firing a large number of America’s roughly 23 million government workers.

What John Maynard Keynes said is less that “government can create jobs” but is more along the lines of

“in economic times such as these, when there is high unemployment because business will not hire people to create inventory that is likely to remain unsold, government is the only entity that has both the means and the will to create jobs.”

Less “government can” and more “Government Must!

What is our government, after all? Lincoln said it best:

– “Government of the people, by the people and for the people.

And there is much work to be done. We need to rebuild our infrastructure. This includes our crumbling current infrastructure of schools, roads, mass transit, etc. This will create jobs. We also know that domestic energy production peaked in 1971. International oil production seems to be peaking now, altho given the state of the world economy, and the state of infrastructure in Iran, Iraq, and Libya, the international peak may be a few years off. However, we should build a sustainable energy infrastructure. We will need it eventually. It is good for the environment, it will strengthen our economy and our state of national security. But rather than by using a simple program to provide loan guarantees to various corporations; the government should mandate that all government buildings should be well insulated, efficient, heated and cooled with geothermal, and powered with a mix of solar, wind, local hydro, biofuel (from waste, sewage, manure, etc., not food crops).

Just as police and courts exist to protect people from those who would point a gun at their heads and say “Your money or your life,” enforcement agencies must protect people from those who would discard toxic substances into the air we breathe, the water we drink, the food we eat, and the ground from which we farm.  We need to regulate banks and other financial firms. This too will create jobs. We need to provide health care to all our citizens, not just 5 out of 6, or 265 million out of 307 million, leaving 1 out of 6, or 45 out of 307 million without access to health care.

Davidson is wrong about one other thing. It’s not either go into debt to create jobs or fire people to cut taxes. Government has two sources of revenue: debt and taxes. It seems fair to me that a progressive tax policy, can be used to generate the revenues needed to pay for the jobs society needs to be done.  Wealth, after all, is not created in a vacuum. Wealth is created by people buying things that other people are selling. People want to buy Apple computers, music players, cell phones.  The people who design and build them get wealthy. The wealthy benefit by living in society; therefore demanding that all, including the wealthy, pay a fair share, as illustrated here, in my post on Progressive Tax Policy is fair, balanced, reasonable, and smart.

  • Over $100 Million, 57.5%. Plus 5.0% Social Security Insurance & Medicare.
  • Between $10 Million and $100 Million: 52.5%. Plus 5.0% SSI & M.
  • Between $5 Million and $10 Million: 42.5%. Plus 5.0% SSI & M.
  • Between $1 Million and $5 Million: 32.5%. Plus 5.0% SSI & M.
  • Between $100,000 and $1 Million: 22.5%. Plus 5.0% SSI & M.
  • Below $100,000: 17.5%. Plus 4.0% SSI & M.
  • Royalty income should be taxed at the same rates as wages and salary.
  • Income in the form of unsold stock options is tax-deferred and taxed when sold.
  • Inheritances of $1.0 million and under from a grandparent, parent, partner, or child should not be taxed. Inheritances from distant relatives, or that portion above $1.0 million should be taxed as indicated above.

So can anyone create jobs? The answer is a resounding ‘Yes, We Can!’

It's The Feedback – It's Always The Feedback

NYPD Interacts WithProtester  Follow LJF97 on Twitter Tweet On Nov 2, 2011, Senator Tom Udall of New Mexico introduced a Constitutional Amendment that would overturn the Citizens United decision of the Supreme Court (Technorati / WSJ).

The managers of Bank of America, who accepted $45 billion in TARP money, and decided to pay back its customers with a $5 per month fee for the privilege of holding a debit card, recently recently decided to reverse course on the fee for debit cards ( CBS Miami /Oregon Live).

Meanwhile, back on the streets, the authorities appear to believe that a show of force and the use of force by the police will quell the demonstrations. Yet the opposite is the case. As the cops overreact – pepper spraying 4 women in NYC (NY Times / YouTube), running over a lawyer for the Occupiers (CBS / Daily Mail / Salon / Yahoo) people get angrier and join the Occupation – causing the police to either moderate or escalate their response.

The Plot to Sieze the White HouseAfter a US Marine Corps veteran of the Iraq war was injured in Oakland other veterans come to occupations all over the country. They came quoting Smedley Darlington Butler, the Marine Corps General who wrote “War is a Racket,” ISBN: 978-1434407009, and figured in the events described in “The Plot to Seize The White House,” by Jules Archer, ISBN: 978-1602390362.

These are examples of balancing feedback loops, as described by Dana Meadows in Thinking in Systems, A Primer, ISBN: 978-1603580557. (A researcher with Jay Forrester at MIT and Dartmouth, Meadows founded the Sustainability Institute.)

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Progressive Tax Policy

Taxes are the price we pay for civilization.” – Oliver Wendell Holmes.

Progressive tax structures are not about punishing the rich. They are a recognition that wealthy people derive benefits from being in society. Warren Buffett, Steve Jobs, Bill Gates, Michael Jordan, Oprah, for example, got rich because people buy their products or watched them play basketball or on TV.  Paris Hilton is wealthy because her great-grandfather built a successful business. Their successes are wonderful. But their success should not require me to subsidize their lifestyles.

This tax structure can be implemented by October 31, 2012, and effective January 1, 2013, if not by Congress, then by Executive Order.

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Dennis Ritchie, 1941 – 2011

Dennis Ritchie,  co-inventor, with Brian W. Kernighan, of the C programming language, and co-author of the book of that name, and co-inventor, with Ken Thompson, of  the Unix operating system, died at his home in Berkeley Heights, NJ. He was 70.

He spent his professional career at Bell Labs, an iconic institution which boasted a patent a day for years, if not decades, and includes among its inventions both the transistor and the photovoltaic cell.

Like Steve Jobs, Dennis Ritchie was an iconic pioneer who changed the world significantly and dramatically. And like Steve Jobs, Dennis Ritchie’s work influences modern computers, from the servers in network operations centers to  desktop,  laptops, tablets, and phones.

One of the beauties of Unix is that it was itself written largely in C, so it was easy to port from one line of computer, say the DEC PDP 9 to the next, say the DEC PDP 11, and from the Mac built on the Power PC to the Intel X-86. The Unix operating system migrated from telephone systems and switches to workstations from HP, IBM, & Sun, to the NeXT machines and then the Mac.

Back in the late ’80’s and ‘early to mid-’90’s, when I worked as a programmer and DBA on Unix systems, most of the people who used workstations running HPUX, AIX, SunOS and Solaris knew they were working on Unix computers, and were familiar with C, C with Classes, C++, etc. But I would be astounded if today more than 0.01% of the current population of MAC, iPad, iPhone, iPod Touch, or Android users know that they are working on a Unix C / C++ (OS X, iOS) or Linux C/C++  (Android) device. But that’s part of the elegance of Unix.

There’s another elegance to all this. Ritchie worked on the development of an operating environment and software development system which migrated from telephone company labs and network operations centers to the phones that many of us carry in our pockets and on our belts.

Who knew when he wrote “Hello world” that he was introducing us to a new virtual world that was saying hello?

Corporations Are NOT People

_Follow LJF97 on Twitter Tweet  The Supreme Court, in “Citizens United (against the citizens)”  said, as Gov. Romney put it “Corporations are people, my friend.

The people at “Occupy Wall Street” say, “I’ll agree that ‘Corporations are people’ when the government executes one.

and “If a Corporation is a person then why isn’t it murder to declare bankruptcy?

A lawyer I consulted rationalizes the notion that “Corporations are people” by arguing that corporations have the rights to be secure against unreasonable search and seizure, as guaranteed by the Fourth Amendment, in the Bill of Rights, ratified 15, December, 1791.

However,  it is the people who own the corporation and the people who work in the corporation who have the right, guaranteed by the Fourth Amendment, to be secure against unreasonable search and seizure – not the corporation.

The corporation can not exist without owners. A corporation is a piece of property, like a car, a house, a gun, etc. These objects have no rights. When an accused shooter goes on trial, it is the person who allegedly squeezed the trigger, or the person who paid for the “hit.” It is not the weapon. As the National Rifle Association might say, “Guns don’t kill people, people use guns to kill people.”

While people can own one or more corporations, in whole or in part, people may not own other people. This, i.e. slavery, described by Barack Obama as the “Original sin of America,” was claimed under the rubric of “States Rights” referenced in the “Declaration of Causes of Seceding States” on 24, December, 1860. However, it was voided by the Thirteenth Amendment, ratified on 6, December, 1865 and the Fourteenth Amendment, ratified on 9, July, 1868.

Additional counter-arguments can be found in Marjorie Kelly’s “The Divine Right of Capital” (ISBN 1576752372).

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Steve Jobs, 1955 – 2011

 

Steve Jobs, with Macbook Air Many of us want to change the world. And we all to to varying extents. Some for the better, some for the worse, some significantly and dramatically, others less so.

Steve Jobs changed the world significantly, dramatically and in many ways for the better.

Because of their focus on “Computers for the rest of us” he and Steve Wozniak could have called the company they built “Prometheus Computers.” The Apple II, Lisa, Mac, Newton, iPod, iTunes store, iPod Touch, iPhone, iPad, are, in a sense, like the fire ‘stolen’ in the myth by Prometheus and given to man. Jobs, however, while known for being tough, was not known for being pompous.

He will be missed by his family and friends. His ideas will be missed by the rest of us.

Goodbye Steve, and thanks.

 

100% Clean Renewable Energy in 25 Years

Dolphins surfing
Follow LJF97 on Twitter Tweet The  observable fact that dolphins surf is something we humans need to think about.

Amory Lovins, of the Rocky Mountain Institute, coined the term “Negawatt” when he said “The cheapest unit of energy is the one you don’t have to buy.” The next cheapest, the “Nega-Fuel-Watt” is the unit of energy that doesn’t require fuel.

  • Insulation Nega-Watts allow less power to heat or cool a given space.
  • Solar Nega-Fuel-Watts transform photons into electricity or heat.
  • Wind Nega-Fuel-Watts transform moving particles of air into electricity.
  • Geothermal Nega-Fuel-Watts transform the heat of the earth into heat or electricity, or use thermal gradients to cool a space.
  • Hydro Nega-Fuel-Watts transform moving particles of water – currents – to generate electricity.
100% Clean Energy
100 Gigawatts Wind $300 Billion
100 GW Marine Hydro $300 B
50 GW Solar $200 B
50 GW Geothermal $200 B
200 GW Equiv Efficiency $200 B
A Smart Grid $100 B
500 GW or GW Equiv. $1.3 Trillion

I’m not sure if Lovins first public use of the term Negawatts was in Montreal in 1989 (here) or in Foreign Affairs in 1976 (abstract here), whether 22 or 35 years ago. Regardless, our current energy paradigm today is the hard fuel based path Lovins criticized 35 years ago. While we are turning away from nuclear, as documented by Mycle Schneider in the WorldWatch Report (here) – the latest radioactive nail in the radioactive coffin being the fatal explosion at a reprocessing facility in France on Monday, Sept. 12, 2011 (here) – we burn literally mountains of coal and oceans of oil and gas (According to the DoE, in 2010 we burned 1,085,281 thousand short tons of coal and 15,022 thousand short tons of coke (here). And there are consequences.  We suffer oil spills, polluted water, mercury, coal mine disasters, nuclear power plant melt-downs, we fight wars …

Wind and solar don’t burn fuel. The winds blow, the sun shines, you put a widget in the path of those moving particles in the air or those photons of light and you get electricity – without greenhouse gases, radioactive wastes, toxic wastes, and it costs less. So the question is not ‘Can we meet our energy needs with clean, sustainable renewable energy technologies?” The real question are How? How Much? And How quickly?

We could do it in 25 years if we wanted to.  And we should, for our children, our grandchildren, the cetaceans with whom we share our oceans, and other charismatic megafauna with whom we share our world.

Protesting Marked Cards and a Stacked Deck

Warren Buffett_ Follow LJF97 on Twitter Tweet  I spoke with two of the Wall Street protesters this morning. We discussed credit unions, other cooperative ventures, Buckminster Fuller’s ideas, capitalism, and productivity. (“A 4-day work week,” Fuller was quoted as saying, “would give us time to enjoy the wealth we create.”)  We didn’t talk about Warren Buffett or President Obama, but it seems that both would agree with the protesters’ sentiments, as I do, that our financial system “favors the rich and powerful at the expense of ordinary citizens.” (The protests and the protesters’ motives were described here by Colin Moynihan in the New York Times, Sept. 17, 2011.) The protests are also covered by Think Progress, here.

Buffett, in “Stop Coddling the Super-Rich“, published in the NY Times, said

I paid … only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.

Obama’s initiative is explained on White House . gov and Talking Points Memo, and by Obama in recent days, “It’s not class warfare,” he said, “it’s math” and “If it’s class warfare,” he said in Ohio and Kentucky, while discussing an old bridge between southwestern Ohio and Kentucky that needs to be renovated, “I’m a warrior for the Middle Class.”

Move On has a petition here, saying, “I agree with Buffett – and Obama.”

Despite the evidence, from the 2001 to the present, that cutting taxes on rich people does not create jobs, Charles Gasparino, in the New York Post, a Rupert “We-hack-cell-phones-for-fun-and-profit” Murdoch product, said, here, “taxing the rich will destroy jobs.”

Gasparino is clearly wrong. And Buffett and Obama are clearly correct. Rich people can afford to pay higher taxes, and asking them to pay 17.4% while others, who need to spend a much higher percentage of their income on food, clothes, and housing, pay 33% to 41% does not seem fair.

But the question is “What do we do with the money?” Buffett has also said that he would never have made the money he made had he not been born in the United States, and had he not gone to Columbia University and studied “Value Investing.” He basically argues that the cultural climate and economic systems in the United States enabled him to become wealthy, that this is a good thing, and others deserve the same opportunities. “We must plan for the future and invest in infrastructure. And the wealthy should pay their fair share. ”

Tax policy must be linked to fiscal policy. What we are doing today, Obama, Buffett, and the protesters would say, is using tax policy to make rich people more rich. They would argue, and I would agree, we should use tax policy to develop infrastructure. One idea is to build a 40 kilowatt photovoltaic solar array on each of the 92,000 public schools in the United States.  Solar only generates power during the day; schools need most of their power during the day. This would use tax revenues to pay for infrastructure upgrade – and tax revenues pay public schools electric bills. PV Solar systems provide energy without pollution, without toxic wastes, without greenhouse gases. And in the event of an emergency, if disconnected from the grid, we would have a network of 92,000 local emergency shelters with power during the day, when the sun is shining.

Marked cards and a stacked deck are great when you’re doing card tricks. But don’t play poker against a cheater using them.

Beyond Fuel – for the 21st Century – Cocoa Beach, Sept. 17

Space Coast Green Living Festival

Follow LJF97 on Twitter Tweet I will be presenting Beyond Fuel: From Consuming Natural Resources to Harnessing Natural Processes at the Space Coast Green Living Festival, Cocoa Beach, Florida, Sept 17, 2011.  The festival  is sponsored by the Cocoa Beach Surfrider Foundation and the Sierra Club Turtle Coast Group. It will be at the Cocoa Beach Courtyard by Marriott. Haley Sales, (Website / Facebook / Youtube),a local singer / songwriter, will perform.

Hayley Sales

Our current energy paradigm today is to fuel based. We burn oceans of oil and methane mountains of coal. And there are consequences.  We suffer oil spills, polluted water, mercury, coal mine disasters, nuclear power plant melt-downs, we fight wars …

According to the DoE, in 2010 we burned 1,085,281 thousand short tons of coal and 15,022 thousand short tons of coke (here).

Wind and solar don’t burn fuel. The winds blow, the sun shines, you put a widget in the path of those moving particles in the air or those photons of light and you get electricity – without greenhouse gases, radioactive wastes, toxic wastes, and it costs less. So the question is not ‘Can we meet our energy needs with clean, sustainable renewable energy technologies?” The real question are How? How Much? And How quickly?

100% Clean Energy
100 Gigawatts Wind $300 Billion
100 GW Marine Hydro $300 B
50 GW Solar $200 B
50 GW Geothermal $200 B
200 GW Equiv Efficiency $200 B
A Smart Grid $100 B
500 GW or GW Equiv. $1.3 Trillion

And we could do it within 25 Years if we wanted to.

Amory Lovins, of the Rocky Mountain Institute, coined the term “Negawatt” to mean energy you don’t need to buy, as in “The cheapest unit of energy is the one you don’t have to buy.” The next cheapest, the “nega-fuel-watt” is the unit of energy that doesn’t require fuel.

Saving the Economy, Part Deux

Copyright, L. J. Furman, 2011, All Rights Reserved.

Follow LJF97 on Twitter Tweet   In Part 1,  I criticized “How to Really Save the Economy“, an op-ed in the New York Times, published Sept. 10, 2011. So how do we really save the economy?

“One of the best kept secrets in New York City,” I wrote, “is the existence of a 40 kilowatt (KW) photovoltaic solar array on the Whitehall Street terminal of the Staten Island Ferry,” pictured above, and first covered in Popular Logistics  in 2007, here.

There are 90,000 public schools in the United States. Suppose we were to install a 40 KW solar energy system on each of them. PV solar modules require very little maintenance over their 35 to 45 year life expectancy. My initial thought was $5 per watt or $5,000 per kilowatt, but $4,000 per kilowatt is more realistic for the near term price of solar, particularly at the utility scale. This is where we expect the cost of solar in the Q4 2012 timeframe, without subsidies.

At $4,000 per KW of nameplate capacity, each of these 90,000 systems would cost $160,000. This 3.6 gigawatts of distributed daylight-only capacity would cost about $14.4 billion.

1.5 MW solar array at Rutgers University, Livingston campusIt seems to make sense to use taxpayer monies to finance these systems; taxpayers pay the electric bills for public schools and other public infrastructure, so rather than pay a utility to burn coal, oil, or gas, or harness nuclear fission, we could buy solar modules, put them on the roof and transform sunlight into electricity.  But what are the other implications? What would it give us? And what do we do at night? How much juice do we get?

The US Dept. of Energy’s (DOE) National Renewable Energy Lab’s (NREL) PV Watts solar energy calculator tells you the power you can expect from a given solar system anywhere in the US. Regarding night-time; solar is effective in conjunction with other sources of energy, and other clean, renewable, sustainable sources include wind, geothermal, micro-hydro, biofuel.

Every public school in the country would have a power plant that generates power, during the day, with no fuel cost and no waste., and no associated mining, processing, transportation, fuel costs and no waste management costs. At $5.00 per watt, or $5 billion per gigawatt, the capital costs are lower than the costs of new nuclear and significantly lower than the costs of coal with carbon sequestration, with none of the risks or hazards associated with the systems: no arsenic, mercury, lead, thorium, uranium, zinc, or carbon.

The systems would be tied to the electric grid, after all, while most of their operations are during the day, schools need power at night. If these systems could be disconnected from the electric grid, then we would have 90,000 structures distributed all over the United States, with power during the day in the event of power outages from storms, earthquakes, accidents, etc. Even if we lost 10% of them in a disaster like Katrina, or an event like Irene or the recent earthquake, we would still have 81,000 all over the country. Coupled with efficient refrigeration systems, we would have shelters with power to keep food and medications cold during emergencies; and these would be distributed across the country.

The solar systems would obviously have to be installed here, which would stimulate the economy, and we could even require the components to be manufactured here, further stimulating the economy.

Why not business as usual?

As reported here the North Anna nuclear plants in Virginia were shut down during the earthquake a few days before hurricane Irene. The Dominion plants in Virginia, and the Oyster Creek plant in New Jersey were shut down and the Millstone 2 & 3 plants in Connecticut and the Brunswick plants in North Carolina were brought to reduced capacity during Irene, and the Fort Calhoun plant in Nebraska has been shut down due to flooding, and losing $1 million per day, since June 6, 2011.

In Part 1, I criticized “How to Really Save the Economy, “an op-ed in the New York Times, published Sept. 10, 2011. “The United States,” according to Robert Barro, who teaches economics at Harvard and is a “fellow” at the Hoover Institution, “is in the third year of a grand experiment by the Obama administration.”

“This is inaccurate,” I wrote, Obama is the President, but the US Constitution provides a framework in which power is divided into three branches of the Federal government, and the power of the each of the branches is checked and balanced by the others, and “all power not expressly granted to the federal government is held by the states and the citizens.” It would be more accurate, therefore, to say,

“The United States is in the third year of an experiment in governance between the Obama administration, the Congress, the Judiciary, the Republican Party, various special interests, and the citizens. This appears to be an experiment in governance by not-governing. Due to significant differences of opinion with regards to the direction in which to drive the ship of state, the ship of state appears to be floundering. Governance by not-governing doesn’t work!”

In parts 3 and 4 I hope to present feedback from the telecommunications and wind industries. Meanwhile, another radioactive nail in the nuclear coffin – an explosion in a low-level waste management facility in France killed one person and injured four. DC Bureau, Associated Press reports “An explosion at a nuclear waste facility in southern France killed one person and injured four on Monday. Authorities said there was no radioactive leak, but critics urged France to rethink its nuclear power in the wake of the catastrophe at Japan’s Fukushima plant.The Nuclear Safety Authority declared the accident “terminated” soon after the blast at a furnace in the Centraco site, in the southern Languedoc-Roussillon region, about 20 miles (32 kilometers) from the city of Avignon. One of the injured suffered severe burns…. the body was burned so badly it was carbonized”

 

Follow LJF97 on Twitter Tweet  “Irene is especially worrisome … because of its uncommonly massive size. According to Ron Steve, a meteorologist at the National Weather Service’s Wilmington Office, Irene covers an area of approximately 170,000 square miles, or about the size of California or Iraq.”  Star News Online.

The storm had a 400 miles north to south and covered 170,000 square miles – about the size of California.

Hon. Rush D. Holt, on the Budget Control Act of 2011

The Hon. Rush D. Holt, NJ 12  Follow LJF97 on Twitter Tweet Popular Logistics is a policy blog, not a politics blog. However, politicians make policy. The Honorable Rush D. Holt, NJ-12, said this on Monday, August 1, 2011, when casting a vote against the “Budget Control Act of 2011.”

SPEECH OF

HON. RUSH D. HOLT

OF NEW JERSEY

IN THE HOUSE OF REPRESENTATIVES

MONDAY AUGUST 1, 2011


BUDGET CONTROL ACT OF 2011

Mr. Speaker, the default debate is, at its heart, a debate between two visions for America. One side envisions rebuilding our country, investing in jobs and education and infrastructure, and rising from the Great Recession as a stronger and more resilient Nation. The other side accepts a pessimistic vision of a weakened America with a shrunken government–a Nation hampered by deep cuts to the safety net and hobbled by a refusal to invest in our future.

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"Beyond Fuel" at the Space Coast Green Living Festival

Space Coast Green Living Festival

Green Living Festival

Follow LJF97 on Twitter Tweet I am presenting “Beyond Fuel: From Consuming Natural Resources to Harnessing Natural Processes,” a discussion of the hidden costs, or “economic externalities,” of nuclear power, coal, and oil, and the non-obvious benefits of wind, solar, marine hydro and efficiency at the Space Coast Green Living Festival, Cocoa Beach, Florida, Sept 17, 2011.

The festival  is sponsored by the Cocoa Beach Surfrider Foundation and the Sierra Club Turtle Coast Group. It will be at the Cocoa Beach Courtyard by Marriott.

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Socialists v Stalinists

John Boehner, Eric Cantor, & a friend Follow LJF97 on Twitter Tweet The Washington Post reported, here, that John Boehner, Eric Cantor, Paul Ryan, and the “Young Guns,” their Republican comrades in the House of Representatives, PLANNED as far back as January, 2009 to use the debt ceiling to create a political crisis. It seems to have worked. The Republicans held fast, Obama and the Democrats blinked. The rating agency Standard & Poors, S&P, downgraded their rating of the credit-worthiness of the United States of America, President Obama’s core supporters seem to be abandoning him. And the stock markets are plummeting – the Dow Jones Industrial Average dropped 1000 points in 3 days.

Allowing US debt to be downgraded – forcing it to be downgraded – will cause a rise in interest rates, an increase in unemployment and bankruptcies. Altho a rise in interest rates will benefit bondholders. This is not the fiscal policy I expect from the party that claims to be fiscal conservatives. Altho, as noted, it does benefit bondholders.

The government should be creating jobs.  Our elected representatives should be guiding the ship of state to a prosperous and sustainable future, not selling it short.

The NY Times reports, here, that S&P’s downgrade will spur the Republicans to demand more cuts in government spending, which will put more people out of work, furthor erode the economy. The only hope for the country is for Obama to realize that there is nothing he can do to win the love and admiration of the right wing, to ignore them and look to the center and to his base, and do what is good for the country, regardless of what Bachmann, Boehner, Cantor,  Ryan and the Young Guns, and Grover Norquist want.

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