Saturday, November 8, 2008

Obama & Robert Reich

* Since 1980, I've suspected that Reaganomics (tax cuts for the rich, globalization, deregulation, faith in market forces, privatization) would decimate our middle class, bankrupt the nation, deplete essential resources and pollute the world's support systems. We're 'bout there.
* Since 1980, corporate bankruptcies have been rampant, oceans and air are irreparably polluted, the lower rungs of the economic ladder are missing and the national debt has increased 10 fold, doubling under Bush II and now equaling the gross national product. Owing to corrupt election financing, our government has subsidized many industries that didn't need it and failed to incentivize industries essential for the nation's survival, specifically solar and hydrogen energy.
* Now joblessness and homelessness are at or near 50-year highs. With so many of us in this together, perhaps there will be fewer people groveling in self-righteousness.
* Sadly, Obama seems to accept much of the Reaganomic paradigm. It was somewhat encouraging to see Robert Reich among his economic advisers. He is best suited to steer our economy back to something widely satisfactory and sustainable.

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