mm507: Nobel and noble – a daily double

October 13, 2008
© Pemotret | Dreamstime.com

© Pemotret | Dreamstime.com

Sometimes good things happen to good people.

Paul Krugman of Princeton University and the NYTimes, frequently quoted in this space, was awarded the 2008 Nobel Prize in Economics today.

This is worthy recognition to an outstanding thinker, who not only thinks the deep thoughts of his “dismal science,” but articulately delivers complex concepts with clarity.

Well done, Nobel committee, and Paul Krugman!

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Last post, I spoke in glowing terms of one of my favorite progressive blogs, First Door on the Left.

Len did it again today (recognizing Paul Krugman, by the way) by posting the complete transcript of Barack Obama’s fleshed out economic rescue plan delivered in Ohio today.

firstdoorontheleft

A Rescue Plan for the Middle Class

Posted by Len on Monday at 1:19 pm in Democrats, Election 2008, Politics

I know these are difficult times. I know folks are worried. But I also know this – we can steer ourselves out of this crisis. Because we are the United States of America. We are the country that has faced down war and depression; great challenges and great threats. And at each and every moment, we have risen to meet these challenges – not as Democrats, not as Republicans, but as Americans.

We still have the most talented, most productive workers of any country on Earth. We’re still home to innovation and technology, colleges and universities that are the envy of the world. Some of the biggest ideas in history have come from our small businesses and our research facilities. It won’t be easy, but there’s no reason we can’t make this century another American century.

But it will take a new direction. It will take new leadership in Washington. It will take a real change in the policies and politics of the last eight years. And that’s why I’m running for President of the United States of America.

My opponent has made his choice. Last week, Senator McCain’s campaign announced that they were going to “turn the page” on the discussion about our economy so they can spend the final weeks of this election attacking me instead. His campaign actually said, and I quote, “if we keep talking about the economy, we’re going to lose.” Well Senator McCain may be worried about losing an election, but I’m worried about Americans who are losing their jobs, and their homes, and their life savings. They can’t afford four more years of the economic theory that says we should give more and more to millionaires and billionaires and hope that prosperity trickles down to everyone else. We’ve seen where that’s led us and we’re not going back. It’s time to turn the page.

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mm506: What to read when you’re not reading me

October 9, 2008
© Bruno1998 | Dreamstime.com

© Bruno1998 | Dreamstime.com

Away (from blogging — the writing, not the reading) and the economy, and especially the stock markets, continues in free fall.

Everyone is on edge, if not downright frantic, because if you’re too young to be that concerned about your retirement account and pension, you very well might be looking over your shoulder for economy-related pink slips.

The presidential campaign continues its free fall, from idealism and straight talk to Republican distortions and lies, and increasingly strident (and quite rapid, altogether a nice improvement over the “gentlemanly” Kerry debacle) Democratic responses.

And chanting relentlessly about Bill Ayers to mad-dog mobs (did Sarah Palin bring out every last one of this country’s rednecks?) while 401Ks keep decaying and mortgages keep resetting  is making ordinary, moderate people downright angry.

Fiddling while Rome burns, indeed.

My approach to the meltdown? I just don’t look at my funds.

If you’re not spending it tomorrow, why make yourself crazy? If you live long enough, you’ll see the markets come back. And I’m not retiring until my 90th birthday.

Of course those now living off of their pensions and especially their IRAs and 401Ks have a right to be furious with the criminal class of plutocrats running (yeah, and ruining) this country’s biggest financial institutions. And the Republican politicians who made the world safe for their crimes.

I can imagine some really juicy show trials come January.

Meanwhile, I’m reading lots of good stuff, enough so that this past week I find myself rather tongue-tied as a result.

So, rather than fight to get the words out, here’s a laundry list of worthwhile reading.

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