Showing posts with label The Crash of 1929. Show all posts
Showing posts with label The Crash of 1929. Show all posts

Saturday, August 14, 2010

Fox News brings America a weekend of Coolidge-o'-rama


Roger Aislesland--If you want your children to gain an accurate picture of American history from life, keep them as far away from Texas and Fox News as humanly possible. For no logical reason (which is their wont), we've got an entire weekend of little blurbs and even entire shows with gushing over one of the most useless presidents in American history besides Herbert Hoover or Warren G. Harding: Calvin Coolidge. Who? Exactly.

Like George W. Bush, the ignorant and unimpressive Coolidge prided himself on being away from his desk more than previous executives, so much so that it almost became a pastime photographing him lounging around the White House lawn and at his personal residence. Being a Republican in 1920s America, after the demise of the Progressive movement (at-the-hands of middle-class and wealthy patrons like Woodrow Wilson), and after the destruction of unions like the I.W.W. and a brief collaring of the AFL, Big Business and finance were able to pretty much do whatever they wanted to, and they did.

Banking regulations? There weren't very many in those days, and Coolidge wasn't going to push for them anymore than his predecessor and successor did. As we know, the crash of 1929 was coming, and it came thanks to a lack of regulation of the banking system. Coolidge was so ineffectual and immobile that he was referred to as "silent Cal." The notion of a hands-off government was popular with a certain crowd then too, and it's likely to get the same results, another global crash.

Needless to say, Coolidge was Ronald Reagan's "favorite" president, albeit he was once a New Deal Democrat. What he really was was a lifeguard and sportscaster who couldn't act, got in over his head in Hollywood, and ran to the National Association of Manufacturers (NAM), the Chamber of Commerce (CoC), and corporations like General Electric, when his mistake-of-a-career began naturally going south--but that's another story for another time. However, this story really is about Reagan and his legacy as a president, the destructive legacy of his administration's ideology and policies.

Why? A couple of weeks ago, former Reagan administration adviser and Director of the Office of Management and Budget (OMB), David Stockman, wrote an Oped column blaming Reaganomics and the GOP (and the DNC) for wrecking the economy, for killing it. Stockman was one of the primary architects and salesman of "Reaganomics," meaning massive deregulation of business and finance, returning us to those "glory days"of the 1920s when there was none...and we got the world's largest global economic depression. These crazy ideas gained real credence after Reagan and have continued into today; just watch Fox News at almost any given time of the day and you'll see it.

In fact, you'll see these once-wacky notions of economics (cut taxes for the wealthy, increase spending, especially defense and handouts to the aforementioned rich) arill being preached as gospel on CNBC, MSNBC, CNN, and much of the rest of the conglomerate owned mainstream media. Naturally, the majority of the public doesn't see it this way, and these memes are falling into very real disrepute as millions of Americans lose their livelihoods, their homes--their very way of life. If you want a great example of an ignorant, hollow-eyed nebbish contributing to the downfall of a nation while being applauded by a new generational round of middle-class fools, you need look no further than Coolidge...or Reagan. Or Clinton. Or Bush I and II. Or President Obama.

There's a good reason few remember--or even care about--Coolidge and why he was chosen for a callous and mercenary rewrite of American history: market extremists in this nation always go running to a remote and untouchable past that never was, a hallmark of nihilism and a retreat into the abyss. That's why this economic crisis is really a referendum of the last 30 years of class warfare in America, courtesy of both major political parties, but more of the responsibility rests with the Republican Party. Not only are they not the solution, they're a nexus of anti-Americanism, potentially poised to drag us kicking-and-screaming into Mother Night.

Calvin Coolidge? Who gives a shit? They just come off like the dorks that they are, with no answers since they're the problem.

Thursday, February 12, 2009

Republican Rep. Steve Austria is perhaps the stupidest human being drawing breath on this rock called earth


Ohio--Is there something in the water in the state of Ohio? Is it a bad gene pool? Are human beings really this unimaginably--just wait, it can get worse--stupid? If you're a Republican who holds this utterly bizarre viewpoint that flies-in-the-face of accepted reality, you might be a victim of being an Ohioan and a Midwesterner who breathes through their mouth in public.

Austria doesn't have all of these excuses to hide behind, however, and since I assume that he can eat without stabbing himself in the face with his fork every time, so he must have been lying, the curse of the GOP, its wont.

The problem is, not everyone is as stupid as the GOP's core-base...well, what's left of it, meaning religious lunatics, racists, free market extremists, and others in the ranks of the hopelessly irrational and confused. Don't get me wrong, we have this kind of moron living in Indiana and other parts where completely irrational people live, right here in these here U-nited States.

Austria (not the country) spake:
"When (President Franklin) Roosevelt did this, he put our country into a Great Depression," Austria said. "He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That's just history." ("U.S. Rep Austria blames Depression on Roosevelt," Columbus Dispatch, 02.10.2009)
What's astounding is that freshman Rep. Austria told this to the editorial board of the Columbus Dispatch. But really: does anyone believe that FDR caused the Great Depression...really? I don't think so, not really. They might say that they do, but they don't, just like the flat-earthers and liars trying to prey on the truly desperate and ignorant poor, the subproletariat. Illiterate rednecks and Oakies. This is odd, since most of them don't vote...

But that's why Austria back-peddled the very same day:
"I did not mean to imply in any way that President Roosevelt was responsible for putting us into the Depression, but rather was trying to make the point that Roosevelt's attempt to use significant spending to get us out of the Depression did not have the desired effect. Roosevelt did not put us into the Depression, but rather his policies could not pull the nation out of the recession." ("Rep. Austria gets right with history: FDR didn't start Depression," Columbus Dispatch, 02.11.2009)
Actually, he's wrong again--we were still in a Depression until we entered WWII. New Deal policies continued during and after the war, even after being under vicious attack from the Republican Party, the national Chamber of Commerce, the National Association of Manufacturers, etc., during the immediate postwar era and McCarthyism.

LBJ expanded New Deal programs significantly during his time in office, and the American dream as we know it was able to grow under the Bretton-Woods system. WWII took us out of the Great Depression? Fine, but that's also Keynesianism, military Keynesianism. We know from decades of an already bloated military budget that that route isn't going to work, and that there is no one panacea that's going to fix things.

If we weren't one of the most powerful nations on earth, this would merely be laughable, a real hoot. To some extent it is, but this moron can actually vote on legislation that affects us all, including the authorization for war.

Small wonder that we're still bogged-down in the Middle East in pointless occupation, our economy is collapsing thanks to a lack of proper oversight and regulation of the financial and business sectors, our schools, bridges, roads, and health care system are collapsing, we cannot compete internationally in business like we once did, when ethically challenged morons elect ethically challeneged morons.
The mess we're in couldn't have happened without representatives like Steve Austria, the 6 trillion dollar man, a man barely alive.

The good news? These particular morons are becoming isolated demographically and by the objective, real world failure of their most cherished beliefs and ideologies. This is the end of Reaganism, the end of faux conservatism and neoliberalism. The game is over, and even a moral imbecile like Steve Austria understands that not only isn't history on his side, the facts aren't either.

This kind of desperation is symptomatic of a dying party, the Republican Party, a party without any identity, answers, or ideology left. But they all have one thing left from the good old days, after everything has been scraped-away by the events of this historical moment: bunch of hollow, self-serving arguments that a ten-year-old could deconstruct and dismantle in around 30 seconds flat.

If you don't like it in America, then go back to Austria, he'll steer you wrong. That'll learn 'ya.


"U.S. Rep Austria blames Depression on Roosevelt," Columbus Dispatch, 02.10.2009:
http://www.dispatchpolitics.com/live/content/local_news/stories/2009/02/10/copy/caproos.html?adsec=politics&sid=101

"Rep. Austria gets right with history: FDR didn't start Depression," Columbus Dispatch, 02.11.2009: http://www.dispatchpolitics.com/live/content/local_news/stories/2009/02/11/copy/AUSTRIA_RECANTS.ART_ART_02-11-09_B8_0PCS8TG.html?adsec=politics&sid=101


Monday, September 15, 2008

The Nader/Gonzales campaign on the current economic downturn and Black Monday


Ralph Nader for President 2008

September 15, 2008
www.votenader.org
www.officialnaderstore.com



On this momentous Monday, September 15, 2008, we make a simple request.

Donate $15 to Nader/Gonzalez.

The prudential choice for 2008.

We woke up this morning early.

Turned on C-Span radio.

And heard Brian Lamb quoting Ralph Nader.

From years ago.

With Ralph warning about extravagance, recklessness, and excessive compensation on Wall Street.

Warning years ago about the undue influence of Fannie and Freddie on Democrats and Republicans alike.

Warning about the failure of our government to protect small investors.

Throughout his career, Nader has strong been a strong advocate for due diligence.

For protecting shareholder rights.

For prudential regulation.

And strict oversight of the markets.

While the Democrats and Republicans have bent to the whims of their corporate masters and Wall Street's bottom line imperatives.

Nader has been steadfast in his advocacy for safety, regulation, and protecting the little guy.

Unfortunately for the nation and for investors, his warnings have gone largely unheeded.

On this momentous Monday, as we watch the fallout from the failed policies, greed and extravagance of the corporate political class unfold, we make this simple note.

Due diligence, prudential regulation, and strict oversight of the markets -- Nader-style -- would have gone a long way to averting the disaster currently hitting Wall Street.

Instead, it was short-term fast and dirty profits, muzzled politicians, and throw caution to the wind.

And so now, the American people are learning the hard way about the consequences of a reckless corporate dominated political economy.

But thanks to your hard work, we are in a position to give America a choice in November.

For prudence.

For strict oversight.

For regulation.

Right now, we're in the stretch drive of our $80,000 fundraiser -- to help fund our get out the vote drive.

To get Ralph Nader into the presidential debates.

To let the American people know that they don't have to settle for corporate rule.

There will be a choice in November.

But first, we need to reach $80,000 by September 17th.

We're at $50,000.

We have three days to reach $80,000.

We haven't missed one fundraising goal yet.

And we don't plan to start now.

So, please, drop $15 now on Nader/Gonzalez.

Help shift the power.

From Wall Street and the corporate giants.

Back into the hands of the American people.

Together, we are making a difference.


Onward to November

The Nader Team


Contribute to the Nader for President 2008 campaign