MainLine Peace Action/DelMont PDA

December 12, 2010

James K. Galbraith On Obama

Filed under: economics — Tags: , , , , — Walter Ebmeyer @ 3:10 pm

About two weeks ago, James K. Galbraith spoke at the Harvard Kennedy School to a meeting of Americans for Democratic Action.  He reminded us what Lincoln said in the dark winter of 1862: “We cannot escape history.  The solutions of a quiet past are inadequate to the stormy present.”  This is well worth a read.

http://www.pdamerica.org/articles/news/2010-12-12-04-58-49-news.php

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November 8, 2010

The Problems Was The Banksters

Filed under: economics — Tags: , , , , , , , — Walter Ebmeyer @ 3:14 pm

Galbraith says Obama’s failure was in turning over economic policy to bank-friendly people – Geithner, Summers, Bernanke – who had no interest in Main Street.  So the big banks called all the shots and took home some very nice bonuses.  Sounds about right to us. 

http://www.huffingtonpost.com/james-k-galbraith/obamas-probelm-simply-def_b_779711.html

August 9, 2010

Private Affluence, Public Squalor

Filed under: Uncategorized — Tags: , , , , — Walter Ebmeyer @ 7:17 am

John Kenneth Galbraith railed against private affluence and public squalor years ago.  Now our legislatures are mandating public squalor at unprecendented levels – street lights turned off, bridges not maintained.  Our favorite economist, Paul Krugman, has a column about this today.  The problem is of course lack of funds to maintain the infrastructure.  To some extent that shortage is due to excessive military spending – see www.25percentsolution.com – and to some extent it is caused by a failure to properly tax the wealthy since the days of George W. Bush.  We are increasingly living in a third world country.

http://www.nytimes.com/2010/08/09/opinion/09krugman.html?_r=1&ref=opinion