This sums it up:
This sums it up:
From Oakland Friday:
A note was handed Mr. Moore: “The mayor would like to see you.”
His reponse: “I will not meet with the Oakland mayor. I am not #OccupyOakland. She should come and face the General Assembly. We’re a peaceful ppl.”
From Times Square, New York:
From 1:35 – what to look for the coming weeks.
Unemployment rate kept at 9.1% – private sector growth 137.000 – just about what’s needed to keep up with population growth.
Total added jobs 103.000, almost twice the forecast of 60.000.
Reading books, feeling even more nauseous about July and national politics as time passes by. The trajectory can’t get much worse – but it could stay like this for years to come. No signs of progress, lots of signs of poverty and third-world America.
Things really are broken.
So many big news at once these days.. An inadequate debt-deal, a hurtful process, treasury downgrade, two days of diving markets. And gloomy outlook.
But it might be useful to look at this summer in the bigger picture – that of hurtful policies over three decades, with unsustainable budgets and unsustainable distribution among the population. That model for running a country could work well for some decades – but it always breaks down. More wants more, and the rest are increasingly left without food, work or a place to live. You might fish more than the natural breeding in a pond for a while, but it will always be empty in the end.
And while the recipe for a fix right now is quite simple on paper – you cut spending on defense and entitlements, and raise some taxes – you just can’t get it through. A few people have too hard a grip on the government, and a huge part of the population are deliberately dis-educated and fed nonsense and delusional thinking over generations.
Thus a crisis evolves – and not just a tough debate with a reasonable outcome.
So let’s just hope the moderate right speaks up more strongly pretty soon – which they probably will – as most of them are rational people with habits of long-term thinking. And when that happens, maybe the progressives and moderate left could grow stronger as well, so the loud fringes get marginalized.
In the meantime, more market dives and noise might in some ways be just necessary steps on the path to better days. And America has survived and emerged stronger after much worse crises than this.
As of 9:30am – we’re up about 100 on the DOW. But who knows what the day will bring.
In other news:
But either way – the dive and downgrade has already happened, and it’s powerful ammo to both sides in the ongoing political civil war.
Each day the stakes are growing a little bit higher and the tensions a little bit stronger. And this week, finally, the leverage seemed to be tilting towards the pragmatic, fact-based, majority-supported and straight-forward attitudes of finding a right mix and get moving. How many years are we supposed to be hampered by this nonsense and gridlock in times of crises.. There are so many big and more important issues to solve, and the problems are only growing.
But in some ways it feels like the most significant watershed moment was during the presser on Monday. The President seemed to realize that niceness and optimism doesn’t solve these issues anymore. And the reports from yesterday largely confirm those impressions. As well as the sudden spikes in pressure from wall street and clear symptoms of panic among the right-wing leadership.
Now, some reflections:
But in the bigger picture, let’s hope this summer will be a turning-point after a decade of dogmas and hurtful policies. Let the disease of hyperpower and ideology slowly ease out, and let’s get back to work, pragmatism and setting some inspiring goals for the future.