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<DIV><FONT size=2 face=Arial>That's not the definition of "real productivity" I
was aiming at. </FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>I was considering "real productivity" in the sense
of something actually being</FONT></DIV>
<DIV><FONT size=2 face=Arial>produced as opposed to so-called "adding value" via
trading and marketing and</FONT></DIV>
<DIV><FONT size=2 face=Arial>similar service sector operations.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>Employing people to dig holes or break windows is
likewise not "real productivity".</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>High-tech-y ways to slaughter masses of people and
blow shtuff up is likewise not "real productivity".</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>Creating more bureaucracy is likewise unproductive
at best.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>The FED pumped tonnes of money into the economy by
printing (monetary inflation) all during the </FONT></DIV>
<DIV><FONT size=2 face=Arial>Greenspan-Bush era but it didnt go to creating any
tools for manufacturing, or rejuvenating the </FONT></DIV>
<DIV><FONT size=2 face=Arial>USA's decayed and obsolete manufacturing
facilities and infrastructure.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>It went into a housing bubble, the coffers of rogue
rigged market capitalists, and pockets of criminal bankers and the other
buddies</FONT></DIV>
<DIV><FONT size=2 face=Arial>of Bush, Obamamama, et al.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="FONT: 10pt arial; BACKGROUND: #e4e4e4; font-color: black"><B>From:</B>
<A title=davegreen84@yahoo.com href="mailto:davegreen84@yahoo.com">David
Green</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=ewj@pigs.ag
href="mailto:ewj@pigs.ag">E.Wayne Johnson</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A
title=peace-discuss@lists.chambana.net
href="mailto:peace-discuss@lists.chambana.net">Peace Discuss</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, July 16, 2010 10:18
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [Peace-discuss] How to win
in November: jobs & income</DIV>
<DIV><BR></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV>The problem isn't "real productivity," by which economists measure how
much workers produce when they work, per hour. It's unemployment, workers
having no opportunity to be productive at all. The government could print a
trillion dollars (not even borrow it) and, if distributed properly, would
cause little or no inflation, because increased demand would be a direct
result of increased employment--goods and services being produced, assuming it
doesn't all go to the military and defense contractors. There is that much
"unproduced" supply due to the collapse in construction and its
reverberations. </DIV>
<DIV> </DIV>
<DIV>And don't forget that moderate inflation in a prosperous economy benefits
debtors over lenders; generally speaking, workers over investors. This is part
of what caused Shay's Rebellion, and what got us the economic system we've had
since the Framers for their trouble.<BR></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><BR>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Tahoma>
<HR SIZE=1>
<B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> E.Wayne Johnson
<ewj@pigs.ag><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> David
Green <davegreen84@yahoo.com><BR><B><SPAN
style="FONT-WEIGHT: bold">Cc:</SPAN></B> Peace Discuss
<peace-discuss@lists.chambana.net><BR><B><SPAN
style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thu, July 15, 2010 9:08:11
PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re:
[Peace-discuss] How to win in November: jobs & income<BR></FONT><BR>
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<DIV><FONT size=2 face=Arial>You are right about moderate inflation being a
result of a growing economy. But that is where</FONT></DIV>
<DIV><FONT size=2 face=Arial>there is increasing real productivity. If
the government is inflating by devaluing the currency as they </FONT></DIV>
<DIV><FONT size=2 face=Arial>did in the long decline of Rome to fund various
absurdities (like the f in war), that isn't real productivity.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>I just enquired with one local worker here and he
said he is fine other than a cough from a cold he had earlier in the
week</FONT><FONT size=2 face=Arial>.</FONT></DIV>
<DIV><FONT size=2 face=Arial>He vigourously denied that the persistence of his
cough is the result of poor health care.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>Actually it looks like to me that in the future
the world will be buying cheap artificial goods from Africa as the factories
move there...</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>I believe that the 90% likelihood of
manufacturing returning to the States is zero. That gives me some wiggle
room.</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV style="FONT: 10pt arial; BACKGROUND: #e4e4e4"><B>From:</B> <A
title=davegreen84@yahoo.com href="mailto:davegreen84@yahoo.com" rel=nofollow
target=_blank ymailto="mailto:davegreen84@yahoo.com">David Green</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=ewj@pigs.ag
href="mailto:ewj@pigs.ag" rel=nofollow target=_blank
ymailto="mailto:ewj@pigs.ag">E.Wayne Johnson</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A
title=peace-discuss@lists.chambana.net
href="mailto:peace-discuss@lists.chambana.net" rel=nofollow target=_blank
ymailto="mailto:peace-discuss@lists.chambana.net">Peace Discuss</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, July 16, 2010 9:03
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [Peace-discuss] How to win
in November: jobs & income</DIV>
<DIV><BR></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV>In capitalistic terms, a devaluation will make American-produced goods
more competitive. Whether that works in the era of financial capitalism and
consumer debt, I don't know. But moderate inflation is a sign of a growing
(capitalist) economy. And there's ways to tax that will shift the burden of
inflation upward. Beyond that, public health care is the only serious source
of inflation in our economy, and of course war would be causing inflationary
pressures as it did with Vietnam, if our economy was in that good of a
shape. So the answers to your concerns lie elsewhere than in the maintenance
of artificially cheap goods from China at the expense of their workers
well-being.</DIV>
<DIV> </DIV>
<DIV>DG<BR></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><BR>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Tahoma>
<HR SIZE=1>
<B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> E.Wayne Johnson
<ewj@pigs.ag><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B>
David Green <davegreen84@yahoo.com><BR><B><SPAN
style="FONT-WEIGHT: bold">Cc:</SPAN></B> Peace Discuss
<peace-discuss@lists.chambana.net><BR><B><SPAN
style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thu, July 15, 2010 7:50:53
PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re:
[Peace-discuss] How to win in November: jobs & income<BR></FONT><BR>
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<DIV><FONT size=2 face=Arial>How so? Inflation is a regressively
structured tax on the entire population.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>Are you hoping that Inflation will kill the
Evil Empire and end the wars or</FONT></DIV>
<DIV><FONT size=2 face=Arial>do you have some other hope in
mind?</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV style="FONT: 10pt arial; BACKGROUND: #e4e4e4"><B>From:</B> <A
title=davegreen84@yahoo.com href="mailto:davegreen84@yahoo.com"
rel=nofollow target=_blank ymailto="mailto:davegreen84@yahoo.com">David
Green</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=ewj@pigs.ag
href="mailto:ewj@pigs.ag" rel=nofollow target=_blank
ymailto="mailto:ewj@pigs.ag">E.Wayne Johnson</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A
title=peace-discuss@lists.chambana.net
href="mailto:peace-discuss@lists.chambana.net" rel=nofollow target=_blank
ymailto="mailto:peace-discuss@lists.chambana.net">Peace Discuss</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, July 16, 2010 8:30
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [Peace-discuss] How to
win in November: jobs & income</DIV>
<DIV><BR></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV><EM><FONT size=2 face=Arial>It looks like to me that a readjustment
of the dollar downward and the RMB upward is
inevitable.</FONT></EM></DIV>
<P><EM><FONT size=2 face=Arial></FONT></EM> </P>
<P><FONT size=2 face=Arial>In this case, I think "inevitable" means "a
good thing."</FONT></P>
<DIV><EM><BR></EM></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><BR>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Tahoma>
<HR SIZE=1>
<B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> E.Wayne Johnson <<A
href="mailto:ewj@pigs.ag" rel=nofollow target=_blank
ymailto="mailto:ewj@pigs.ag">ewj@pigs.ag</A>><BR><B><SPAN
style="FONT-WEIGHT: bold">To:</SPAN></B> David Green <<A
href="mailto:davegreen84@yahoo.com" rel=nofollow target=_blank
ymailto="mailto:davegreen84@yahoo.com">davegreen84@yahoo.com</A>>; John
W. <<A href="mailto:jbw292002@gmail.com" rel=nofollow target=_blank
ymailto="mailto:jbw292002@gmail.com">jbw292002@gmail.com</A>>; C. G.
Estabrook <<A href="mailto:galliher@illinois.edu" rel=nofollow
target=_blank
ymailto="mailto:galliher@illinois.edu">galliher@illinois.edu</A>><BR><B><SPAN
style="FONT-WEIGHT: bold">Cc:</SPAN></B> peace discuss <<A
href="mailto:Peace-discuss@lists.chambana.net" rel=nofollow target=_blank
ymailto="mailto:Peace-discuss@lists.chambana.net">Peace-discuss@lists.chambana.net</A>><BR><B><SPAN
style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thu, July 15, 2010 4:27:53
PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re:
[Peace-discuss] How to win in November: jobs & income<BR></FONT><BR>
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<DIV><EM>No, probably not. But I don't think the deficit (or the
cumulative national debt) is in any way "chimerical" I think it's
very real, and the interest on it alone saps something like a third of all
the income taxes we Americans pay. We owe real money to real
lenders; or else the Fed is simply printing money, which devalues the
currency and creates inflation. Either way or both ways, there's
nothing chimerical about it.</EM></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial>About 2 trillion of US government debt is held by the
Chinese, who recently downgraded the quality of that paper from AAA to
AA. The Chinese wont willingly buy more US debt.</FONT></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial>The current rate of inflation is about 6%.
It is currently misreported as about 2.5% via the trick called geometric
adjustment of the CPI. An accurate reporting of inflation will cause
mass chaos so they dont dare tell the truth.</FONT></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial>At an AWARE meeting several months ago I made the
statement that the value of the US dollar would fall by 50% in the next
year. If one considers the price of gold as a measure of the value
of the dollar, indeed the dollar has lost about 50% of its value, howbeit
it took longer than I said it was going to. Part of that loss in
value has been mediated somewhat by trading in virtual gold (gold that
doesnt exist). The Chinese recently also stated that the dollar has
lost 50% of its value, and are no longer buying Treasury bills but are
buying gold like its going out of style. They have
chosen print Renminbi at the same rate that the Fed prints dollars
thus maintaining the peg to the dollar. </FONT></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial>There was somewhat of a sell off of Treasury bills by
the Chinese some time back but they seem to have agreed to desist rather
than shake the house down.</FONT></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">In
any event, deficit spending now is needed to put people to work, and
eventually bring the deficit in line with historical levels. Given the
shortage of demand, there is no concern about inflation--in fact,
deflation is more of a concern. Our currency needs to be devalued in
relation to the Chinese, but that will only make domestic products more
competitive. Again, that's a different (but related)
issue.</DIV></BLOCKQUOTE>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial>The RMB has been historically drastically undervalued
relative to the dollar. There was a small adjustment some time back
from 8.2xxx to 6.8xxx. The black market rate used to be 10 while
the bank would give 8.23xx. No one in China much wants dollars
presently. Devaluing the dollar will harm Chinese exports but
cause Americans to pay more for what they buy, and the Chinese
will pay less for the raw materials and feedstuffs they buy.
US debt is no longer considered to be a safe haven. It looks
like to me that a readjustment of the dollar downward and the RMB
upward is inevitable.</FONT></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Arial></FONT> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"> </DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">DG<BR></DIV>
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV
style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT
size=2 face=Tahoma>
<HR SIZE=1>
<B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> John W.
<jbw292002@gmail.com><BR><B><SPAN
style="FONT-WEIGHT: bold">To:</SPAN></B> C. G. Estabrook
<galliher@illinois.edu><BR><B><SPAN
style="FONT-WEIGHT: bold">Cc:</SPAN></B> peace discuss
<Peace-discuss@lists.chambana.net><BR><B><SPAN
style="FONT-WEIGHT: bold">Sent:</SPAN></B> Wed, July 14, 2010 10:18:25
PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re:
[Peace-discuss] How to win in November: jobs &
income<BR></FONT><BR><BR>
<DIV class=gmail_quote>On Wed, Jul 14, 2010 at 9:27 PM, C. G. Estabrook
<SPAN dir=ltr><<A href="mailto:galliher@illinois.edu" rel=nofollow
target=_blank
ymailto="mailto:galliher@illinois.edu">galliher@illinois.edu</A>></SPAN>
wrote:</DIV>
<DIV class=gmail_quote><BR> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>"...beyond the scope of this post"?! Come on, John.
When did you think anything to be beyond the scope of your
posts?<BR></BLOCKQUOTE>
<DIV> </DIV>
<DIV>*smile*</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>You're right that Americans are much more concerned
about jobs than about the deficit - in spite of all that Republicans
and Democrats and the entire MSM can do to get them worried about the
chimerical deficit - but Americans doubt (correctly) that the war is
producing many jobs. Our mercenary army, of course, and some arms
manufacturing jobs - but they'd be there anyway. (Israel e.g. needs
weapons.) Americans' first reaction to an announcement that the
US is withdrawing its troops from the Mideast would not be, "Oh, no,
there go our jobs!"<BR></BLOCKQUOTE>
<DIV>No, probably not. But I don't think the deficit (or the
cumulative national debt) is in any way "chimerical" I think it's
very real, and the interest on it alone saps something like a third of
all the income taxes we Americans pay. We owe real money to real
lenders; or else the Fed is simply printing money, which devalues the
currency and creates inflation. Either way or both ways, there's
nothing chimerical about it.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>In fact a withdrawal of US expeditionary forces
abroad would produce a clamor for "building up our defenses" - and
probably scotch any attempt (like the Barney Frank-Ron Paul proposal)
to reduce the military.<BR></BLOCKQUOTE>
<DIV>Probably. Because we (collectively) still believe in the
"terrorist" bogeyman, and have absolutely no concept of how American
foreign policy creates and sustains what terrorists there are around the
world.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>How about spending the money going to war actually
to hire people (maybe even to do useful work, like building mass
transit)? The $33.5 billion "supplemental" war budget the House
just passed would pay a lot of wages and salaries - more than it's
doing through the profit-heavy "defense" industries.<BR></BLOCKQUOTE>
<DIV>Well, of course I agree with you here. But apparently a
majority of Americans don't....or at least our "leaders" don't.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>We need a movement (in any political party) that
demands the federal government provide a living-wage job to anyone who
wants one. </BLOCKQUOTE>
<DIV> </DIV>
<DIV>Though I think your suggestion here is overly simplistic, it would
be lovely.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>
<DIV class=im>On 7/14/10 9:02 PM, John W. wrote:<BR></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #ccc 1px solid; MARGIN: 0px 0px 0px 0.8ex; PADDING-LEFT: 1ex"
class=gmail_quote>
<DIV class=im><BR>On Wed, Jul 14, 2010 at 8:36 PM, C. G. Estabrook
<<A href="mailto:galliher@illinois.edu" rel=nofollow
target=_blank
ymailto="mailto:galliher@illinois.edu">galliher@illinois.edu</A><BR></DIV>
<DIV>
<DIV></DIV>
<DIV class=h5><mailto:<A href="mailto:galliher@illinois.edu"
rel=nofollow target=_blank
ymailto="mailto:galliher@illinois.edu">galliher@illinois.edu</A>>>
wrote:<BR><BR>[And no one believes any more that the Democrats will
provide that. People<BR>are beginning to notice that the war is
making us poor. --CGE]<BR><BR>I think not, Carl. The reality
is that war generally creates jobs but adds<BR>to the deficit.
America's loss of jobs over the past 30 years is due, not
to<BR>war, but to other factors beyond the scope of this post.
Since according to<BR>the poll Americans are much more
concerned about jobs than about the deficit,<BR>this would support
the very opposite of your tortured reasoning.<BR><BR>Americans
Really Care About Jobs; Deficit, Not so Much By: Jon
Walker<BR>Wednesday July 14, 2010 8:01 am<BR><BR>While collective
deficit hysteria fully grips Washington, what the American<BR>people
really care about is jobs and the economy. According to a new CBS
News<BR>poll, 38 percent of Americans think the most important
problem facing our<BR>country is the economy and jobs. Second is the
wars in Iraq and Afghanistan<BR>at seven percent. Health care comes
in third at about six percent, and all<BR>the way back in fourth
place, with a mere five percent, is the budget deficit<BR>and
national debt.<BR><BR>I have said it before, but since members of
Congress are descending into<BR>highly destructive deficit insanity,
it needs to be said again. The American<BR>people don’t really care
about the deficit. They consider it to be an issue<BR>that should
eventually get addressed but is a low priority right now.
As<BR>common sense would dictate, with almost 10 percent official
unemployment and<BR>a serious problem of long-term unemployment,
what the American people care<BR>about is jobs.<BR><BR>When the poll
specifically asked people for the most important economic<BR>problem
facing the country, the top response, again at 38 percent, was
jobs<BR>and unemployment. That number is even slightly higher when
you consider that<BR>three percent chose the issue of jobs going
overseas. The collective topic of<BR>budget, national debt and
government spending was the top priority for only<BR>10 percent of
the country.<BR><BR>For Washington politicians to obsess about the
deficit at the expense of job<BR>creation and protection is clearly
not what most Americans want their leaders<BR>to do. Doing the
opposite of what the voters want is an even worse political<BR>move,
considering that increasing average real disposable income is
a<BR>significant predictor of how well the incumbent party will do
in the next<BR>election. So, refusing to extend unemployment
insurance, continue COBRA<BR>subsidies and provide aid to local
governments to prevent massive teacher<BR>layoffs right before an
election is a bad move for the party in power. It is<BR>even worse
because the main excuse given for the focus on the deficit,
bond<BR>vigilantes, is nothing more than a Washington, DC fever
dream with no basis<BR>in reality. The cost of American borrowing is
still much lower than even a<BR>few years ago.<BR><BR>So, this
deficit hysteria is not only misguided policy and morally cruel
but<BR>also extremely bad politics. The pollsters and political
advisers who have<BR>convinced Democrats to focus on the issue at
the expense of aiding regular<BR>Americans are either secretly
trying to destroy the party or are incompetent.<BR>Either way, they
should have been fired yesterday.<BR><BR><A
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