Good News Should Not Be Ignored
With the doom and gloom hovering over consumers, the economy, Afghanistan, and corruption in government, it is important to revel in what good news comes our way. Otherwise, we risk becoming jaded and cynical, and that leads to apathy and inaction to improve what has gone wrong. There are various items of good news to cover. Let's take a look at this last week's worth.
The FCC, (Federal Communications Commission) did a good thing this week in ruling against Comcast and for Internet neutrality. Internet neutrality is simply a phrase representing the idea that no entity, corporation, or individual should have power and control over the flow of legal information across the internet. Comcast violated this concept and got their wrist slapped setting the first real administrative precedent for insuring neutrality.
In this Reuter's news story, the good news is: the people's Constitutional right to oversight and checks and balances against the executive branch of government was protected.
A federal judge ruled on Thursday that Congress in its fight with the Bush administration can subpoena current and former top White House aides in its investigation over the firing of U.S. attorneys.As I wrote over at WatchBlog, this thumbing of the nose at Congress's subpeonae by White House workers has, in fact, been a thumbing of the nose at the American people and their constitutional form of government. Thankfully, our courts are still functioning better than Congress and the White House.
A bill has passed in the House called the Pay Discrimination Bill, 247 - 178 votes. No Republicans that I can tell, supported this bill. This bill, if it clears the Senate and survives Pres. Bush's veto, would go a long way toward addressing in law the glass ceiling women in America have hit in terms of equal pay for equal work. Vote Smart describes this bill as
To amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages on the basis of sex, and for other purposes.
The Bush Administration reversed proposed Medicare cuts yesterday, which, thanks to a number of key Republican and Democratic congressional leaders, prevented the Centers for Medicare & Medicaid Services (CMS) from cutting $770 million in Medicare funding for seniors' nursing home care in FY 2009 and more than $5 billion over the next five years.Well, it is an election year, after all. No surprise here. Still good news for our senior parents and grandparents in nursing homes. They won't be dying in alleyways and children's homes, for awhile yet.
The Hill also reports good news for America's college students:
Last night, the Senate achieved a monumental victory by overwhelmingly approving a bipartisan agreement to reauthorize the Higher Education Act (HEA). This bill will expand opportunities for all Americans by improving higher education affordability, access, and accountability.
And this final bit of good news doesn't sound like it, at first. The stock markets have given up about 20% of its gains from previous highs. Most folks would regard that as very bad news, especially if they are invested in the markets. But, historically speaking, this is a very positive turn of events. The reason is that the light at the end of recessionary tunnels is first revealed historically by a 20% or more decline in market valuations.
Though this particular 20% retrenchment was arguably not a total market capitulation as often seen historically prior to the end of recessionary periods, it does signal that investors are capitulating and selling to the point of many corporations being oversold given future prospective earnings. The end of this economic malaise, may be closer than its beginning, and that would mark a turning point for consumers and job hunters 12 to 24 months from now, if they can hang on that long.





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d.a.n said at :
10:42 AM, 08 02 2008 | Permalink
And Congress is out of session, reducing the potential for more damage. But Do-Nothing Congress is getting pretty good at doing nothing anyway.
d.a.n | August 2, 2008 10:42 AM
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Roy Ellis said at :
11:54 AM, 08 02 2008 | Permalink
Not ready to make nice here. Sure, any day of the week you can find evidence whereby government or governing officials is doing sensible things. They put up statues of war heroes, name courthouses, etc. It’s the other government, the behind the scenes government, the Shadow Government that has my focus. Right now I’m scared to death of what the oligarchy is cooking up while they smooze and play golf for the next 5 weeks. I’m amazed that a round of golf with ADM can result in a policy of using a major food stock for producing a very inefficient fuel. And, now, out of the blue, the world’s most powerful government, with all their resources, have just discovered that there is a lot of natural gas out there. Did you know that? Been on TV for a week now. We are looking at $65T of debt, in the middle of a recession, and there is no plan, no planning, no nothing to deal with it. Strange that any effort to tax wealth brings a cry of ‘wealth distribution’ but when corporations use taxpayer dollars to relocate overseas or to bail out their Freddies % Fannies it’s called a ‘good use of taxpayer dollars.’ I want my REVOLUTION and I want it NOW.
Roy Ellis | August 2, 2008 11:54 AM
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David R. Remer replied to Roy Ellis at: :
10:27 AM, 08 04 2008 | Permalink
I hear you, Roy. Salient points, all. But, even on one's death bed, it is possible to secure a disposition that warms one's soul and being. I am not suggesting anyone should relent in demanding improvements. Just that work is better accomplished when one's disposition toward it finds a cause for hope and confidence. What's the point of rolling a boulder uphill if one is sure it can't be done?
We need a revolution. A peaceful one at the polls. The violent kind should be a last resort of desperate peoples, by all ethical and moral measures.
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David R. Remer said at :
1:44 PM, 08 02 2008 | Permalink
Doesn't seem to be much appetite for good news these days, does there? That may be just as well for the purpose of solving some really threatening problems like global climate change and global economic transition to lowest common denominator wages and labor pricing.
David R. Remer | August 2, 2008 1:44 PM
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Roy Ellis said at :
6:28 PM, 08 02 2008 | Permalink
Yeah, pretty quite.- Too many negatives out there to deal with. The idiots burned the usury law and are now blaming much of the debt on the middle class for borrowing money. Five or six years downstream I think we could safely say the oligarchy was successful in breaking the back of the middle class. People will be glad to take a $6./hr job if they can find one. Joel’s article re ‘brain dead’ missed the target. He should have directed that article towards those flogging the keyboard on either side of us that will pull the lever for the duopoly come November.
Roy Ellis | August 2, 2008 6:28 PM
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d.a.n said at :
6:34 PM, 08 02 2008 | Permalink
That's right.
The problem with this upside-down pyramid scheme is that it will eventually collapse, but first, we will see incessant inflation that destroys the currency, and the economy. We are only now starting to see the 17+ painful consequences of these 10+ abuses of the past 30+ years.
Total Domestic Financial Sector Debt = $15.8 Trillion
Total Household Debt = $13.88 Trillion
Total Business Debt = $10.16 Trillion
Total Other Private Sector Foreign Debt = $1.8 Trillion
Total Federal Government National Debt = $9.4 Trillion
Total State and Local Government Debt = $2.2 Trillion
__________________________________________________
Total = $53.2 Trillion
Including the $12.8 Trillion borrowed and spent from Social Security, leaving it pay-as-you-go, with a 77 million baby boomer bubble approaching,
the total is $66 Trillion ! (over $216K per person).
. . . and no one can tell us where the money will come from to pay only the interest alone, much less the money to keep the principal from growing ever larger. Especially when that money does not yet exist, and 80% of all Americans own only 17% of all wealth in the U.S. Voters can not afford to continue to repeatedly reward irresponsible incumbent politicians with perpetual re-election. If they wait much longer (if it isn't too late already), a lot more of them will very likely be jobless, homeless, and hungry. And who ever the next president is, the voters would be wise not to sabotage the next president with the same corrupt, irresponsible, incompetent, arrogant do-nothing Congress.
d.a.n | August 2, 2008 6:34 PM
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d.a.n said at :
12:42 PM, 08 04 2008 | Permalink
The majority of voters failure to do so only proves tha the majority of voters don't see the painful consequences already in the pipeline.
Unfortunately, but the time enough voters do get it, many years of unavoidable pain and misery will already be on the way.
Still, the sooner, the better. The best way to avoid a less peaceful revolution is to not allow the deterioration to last for too long.
At any rate, the voters have the government that the voters elect.
Problems (root causes)...
Painful consequences...
Solutions...
d.a.n | August 4, 2008 12:42 PM
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Roy Ellis said at :
2:01 PM, 08 04 2008 | Permalink
Well, I do try to rise to the occasion. However, after a good night’s sleep and with a good pair of rose colored glasses, the world is looking better. I strongly feel that now is the prime time to be organizing for reform. The country is in the crapper, people are upset, and there are about 70M boomers heading towards retirement. That 70M has probably kept their political attitudes to themselves for years. You know, it’s not politically correct to talk politics in the work place and who knows what your boss might think or do if he found out you were his political opposite. Likewise, most people don’t talk politics with their neighbors and friends. It’s almost as taboo as discussing religion outside of Church. The Internet has changed that and most of the 70M are computer users fer shure. Also, about 35% of the voting public claim to be Independent now. Why shouldn’t we strike while the iron is hot? The Dems will work hard for a couple of years trying to take the heat off and if gas prices stay at/below $3.50/gal it’s back to the status quo.
Another thing that got me off my bar stool was a cspan presentation this morning. Anne Korin from the Institute for the Analysis of Global Security was just clairvoyant in her presentation on the energy crisis. And, of course it’s nice when somebody agrees with you. little lol. For instance, she made a beautiful point that during the Clinton era with our budget surplus Greenspan said ‘absolutely the government should not inject itself into the market place.’ Today we have communist, jihadist and other governments buying up our financial markets. Bush was able to squander the surplus and has taken it a step further trying to sell taxpayer properties to foreign entities. She allowed me to lighten up on big oil as she placed the blame on high energy cost on the Cartel. Said that as smaller opec and non-opec countries bring additional oil on line the Cartel cuts back on their production keeping production tight and prices high. Said 20 years ago the Cartel was pumping 30M barrels a day and now they are pumping 32M even though China, India demand has increased. Further, she helped me understand that using corn for ethanol is not a bad thing overall. She says food lobbyist and others are putting out false information that it took as much or more petrol to produce a gallon of ethanol. Noted that other sources of energy can replace petrol in the process and that subsidies for oil and corn are interfering with the free market price for both.
It really helps the frustration level when you (think) you have reached a better understanding of the situation at hand. Hold on..hold on.. Obama is out there trying to pump oil from the SPR.. gotta go. check my blood pressure .....by
Roy Ellis | August 4, 2008 2:01 PM
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David R. Remer replied to Roy Ellis at: :
3:31 PM, 08 04 2008 | Permalink
I watched Anne Korin this mornning on C-Span myself. I heard the same things you did. She is one incredibly intelligent and knowledgeable person.
I am still skeptical of her argument that the Jihadists are the primary cause of higher oil prices, but, there is no denying her references to their attacks and threats of attack upon oil infrastructure throughout the world as the easiest way of targeting the U.S. and Western Europe in their war with us.
While it creates an environment of uncertainty, it does not account for the billions in profits made this year as a result of speculators in the oil bidding process, which had little to nothing to do with Jihadist attacks on oil infrastructure. Where there are billions of consumer dollars to be reaped, terrorists are not necessary to motivate greed.
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Roy Ellis said at :
7:02 PM, 08 04 2008 | Permalink
Aw geeezzzzz! There went my crystal clear view of the world situation. As if there was any such thing. It’s a murky world out there. Agendas being pushed and pulled in every direction at all amplitudes. But, Ann really did hit the high points. It just feels good to put everything in tight perspective all tied up nice and neat once in a while. The young student from Auburn thought he had her pinned with his free market approach to the high cost of oil. He went home six inches shorter I’m sure. I would love to have her running as a presidential candidate and David Walker, ex-GAO Chief, as a vice-presidential candidate sponsored by my dream 3rd party. I’d like to hear her deliver a presentation on the world view. She was certainly against subsidies and she recognized the need for limited government intervention in extreme situations. When was the last time you heard a Statesman present a real vision for the USA?
Well, the ether was pretty quite today. May be the fact that Congress is out of town. However, Lou Dobb’s just reported that Bush and the DOT extended the Mexican trucking bill from one year to three while Congress wasn’t looking. Also, Bush and the DOJ are entertaining the world court’s attempt at meddling in our sovereignty again, trying to stop the execution of a Mexican national in Texas. Let's soldier on.
Roy Ellis | August 4, 2008 7:02 PM
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David R. Remer replied to Roy Ellis at: :
1:40 AM, 08 05 2008 | Permalink
It's cool, Roy, that we have some of the same informational resources.
I read that too in Dobb's email recap about the Mexican trucking ploy while Congress is out of session. Another overstepping of executive authority boundaries by this Republican Party.
I truly believe that if Obama is only HALF as good as he purports to be, he would be a vastly superior president to either GW Bush or Mr. Peter Principle, John McCain. Not saying much for Obama, but their really aren't a whole lot of other choices, are there?
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Roy Ellis said at :
8:55 AM, 08 05 2008 | Permalink
David, you sly fellow, giving me an opening I can’t refuse. My response would be longer but I have to go somewhere with my wife this morning. Obama will likely become president but I won’t have any part in it. Having witnessed the squandering of the wealth and democracy of this country there is no way I would consider perpetuating the status quo. I pay no attention to the duopoly. Never listen to an ad or read what they have to say, etc. If the media starts to debate about a duopoly ad I turn to Suze Orman or the weather channel. So, looking over the landscape of available candidates I see Ralph Nader as a candidate of choice. He has not worked to subvert our Constitution. He has not failed to enforce the laws of this country, etc. He is promoting abolishment of Corporate Personhood which imo has caused 80% of the problems of this country.
Couple of quotes from Joel’s book Delusional Democracy: From a Temple University student Nadeem Muaddi: “The last time I checked the U.S. government was created by We the People, for the people. Doesn’t that mean that the President owes his allegiance to the general public? If we swallow our pride and vote for the less un-ideal candidate, then we’re basically being forced to vote for someone that we wouldn’t want as president under any other normal circumstances. Let’s set the bar for what a president should be.”
and,
from Samuel Adams: “it does not require a majority to prevail, but rather an irate, tireless minority to set rush fires in people’s minds.”
I think Ralph would do the least harm to our Constitution. Also, this would give us time to organize and plan for reform in 2012. Something else we should consider; the Latino vote represents about 10% of the vote today. If the duopoly can gain citizenship for another 20M over the next few years we will have a much harder job of undoing the duopoly whether through VOID or any other means.
Roy Ellis | August 5, 2008 8:55 AM
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David R. Remer replied to Roy Ellis at: :
5:02 PM, 08 05 2008 | Permalink
Roy, I respect Nader as much as you do if not more. I have voted for him twice in the past.
Not this time. I will not be complicit in helping Mr. Peter Principle, John Mccain, become the ruination of my daughter's future in America. Nader has NO chance of winning. He is running only to get into the presidential debates and force the agenda of the other two candidates, and for that I love and respect him immensely.
But, when it comes time to pull the lever, I have to go with the candidate both, with the opportunity to win, and least likely to harm to my daughter's future in America. Everything I have learned indicates that Obama is the better of the two candidates, overall, with the opportunity to win.
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Roy Ellis said at :
8:05 PM, 08 05 2008 | Permalink
let's suppose you we are able to vote out a chunk of incumbents over the next few years. The corpocracies tentacles are still embedded in the two parties. In my opinion the party echelon is the head of the snake moreso than the politician. The politician comes and goes (well 20% of the time) but the head of the snake remains waiting to strike again.
Roy Ellis | August 5, 2008 8:05 PM
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David R. Remer said at :
8:31 PM, 08 05 2008 | Permalink
Roy, I don't see any difference between the Party and its elected officials. They are one and the same.
Hence, if incumbents observe their numbers being slaughtered in the polls in favor of successful contenders campaigning on removing corporate influence from legislation, how big a dime would it take for most of those incumbents to do a U-turn on corporate influence? 10 millimeters approximately?
David R. Remer | August 5, 2008 8:31 PM
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Roy Ellis said at :
8:42 PM, 08 05 2008 | Permalink
(I think this post never made it. Responds to your post re your daughter's future. Remember, she is already $65T in debt) I can’t, won’t do it. I remember the Savings & Loan scandal, the arrogance of the amnesty thing and all the lobbyist surrounding both of them. I will no longer vote for the lesser of two evils. We should not let this thing go beyond this election. We need to start organizing to be ready for 2012. A clean 3rd party with built-in citizen oversight, clean, no baggage, no ex-politico’s, no divisive social issues on the agenda. Hell bent for reform. A parallel fight: FOAVC, VOID, and a new 3rd party w/built-in citizen oversight. There are millions of Independents out there looking for reform, plus all the fence setter’s and people who quit voting years ago.
Roy Ellis | August 5, 2008 8:42 PM
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David R. Remer said at :
3:11 AM, 08 07 2008 | Permalink
Roy, I understand, and don't disagree with your position at all. It just isn't my position by a different rationale and priority list.
David Weller, a previous volunteer at VOID suggested just a week ago that VOID seek out other like minded organizations and being to form a coalition effort. Your remark about a parallel fight, reminds to pursue that course ASAP.
Thanks, Roy.
David R. Remer | August 7, 2008 3:11 AM
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d.a.n said at :
9:18 AM, 08 07 2008 | Permalink
A third party would be great, if possible.
Independents outnumber Republicans or Democrats.
However, too many of those voters still pull the party-lever, because it's easy to do (as evidenced by the high re-election rates for Congress).
Why do you suppose politicians put the party-lever (or button) on the ballots?
ANSWER: So they could capitalize on the voters' laziness to examine all candidates voting records, by making it easy to vote along party-lines.
Is that working?
Regardless of who will be the next president, the voters should seriously question the bad-habit of repeatedly rewarding bad politicians with 85%-to-90% re-election rates.
At any rate, the voters have the government that the voters elect.
d.a.n | August 7, 2008 9:18 AM
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d.a.n said at :
5:18 PM, 08 21 2008 | Permalink
Citizens Against Government Waste (CAGW.org) named Nancy Pelosi (D-CA. Speaker of the House) and Senate Majority Leader Harry Reid (D-NV.) Porkers of the Month for leading a do-nothing Congress into a 5-week recess.
Of the 106 bills enacted since January, 94 (89%) were to:
(1) name government buildings or lands,
(2) extend or make technical corrections to existing laws,
(3) or passed either by unanimous consent or with less than 10 dissenting votes.
(4) created “Frank Sinatra Day”
(5) created “National Plumbing Industry Week”
(6) created “National Day of the Cowboy.”
(7) ignored the October 1 deadline for passing the 12 annual appropriations bills. Only 1 of the bills has passed the House, and the House Appropriations Committee has approved only 4 others.
(8) In the Senate, the Appropriations Committee has approved 9, but none has reached the floor. The Speaker and Majority Leader appear to be awaiting the presidential election, hoping that the winner will favor higher spending and more earmarks.
(9) Also avoided was a vote on the moratorium on offshore oil drilling, which is typically renewed through the appropriations process, though they reversed course last week and said they would allow a vote.
d.a.n | August 21, 2008 5:18 PM
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