Paula Hendricks

Author ~:~ Writer ~:~ Book Designer ~:~ Book Producer

Posts Tagged ‘economy

Where is my bailout? Who’s looking out for me?

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I look at all these economic experts and I don’t see anyone who represents me. Where is labor represented? Where are the unions? Where are the folks who can help the underemployed, the self-employed, and the ones who will not get any unemployment benefits? Where are the folks who can advocate for green solutions? Where is the oversight?

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Progress is made in jumps not gradual increments

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I am struck by how we move — in jumps not smooth gradual progressions. For the last 6 months I’ve been reading geology books and in some of them the scientists talk about how the earth systems change in leaps – jumps – and that one of their concerns about climate changes is that the rest of us think somehow the warming will occur in small incremental gradual increments over a long period of time. And they believe the systems leap into new territory in much shorter time frames.

I picked up a book called the Black Swan and while I have not read it yet, I see from the flap that it talks about how the assumptions underlying our system models do not account well for sudden, unpredictable abrupt change. Just look at the recent financial crises to see this in action.

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I feel good about America today

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Yes, I know the financial markets are in a mess, here at home and all around the world.

Yes, I know China is building at least one coal fired power plant a week and already 1/3 of the pollution that reaches my city comes from China.

Yes, I know a friend of mine has defaulted on his mortgage at least 5 times and may lose his home.

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What the next president can do at little cost

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Given the constraints the bailouts and the economy will have on the new president, it seems that we should look at, first, what we can do that will cost no (or little) money. Please share other ideas!

  • Release the scientists (let them communicate with other scientists, let them speak — i.e. Jim Hansen of NASA on climate change)
  • Review current rules and regulations and start enforcing the ones that fit our vision
    • FDA
    • EPA
    • Fed Reserve
  • Make all government transactions more transparent and more understandable

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Let’s get it right this time

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Dear politicians – Obama, McCain, Dodd, Frank, Pelosi, Reed, Feinstein, Boxer

 This is an opportunity now to develop our own plan, not just tinker with the administrations. Why don’t we buy preferred shares like Buffet did? Why don’t we set up something that economists all over the world and especially here in the USA have been suggesting for weeks?

 It has always appalled me that we simply accepted two things: the administration’s assessment of the crisis and its timing and the structure of the bailout deal.

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Written by phwebnet

September 29, 2008 at 7:06 pm