Wednesday, March 17, 2010
Happy St. Patrick's Day!
Happy St. Patrick's Day from Georgia. This blogger celebrated St. Patrick, called the champion of Irish Christianity and the symbol of Irish culture, in a bit of a different way. My Mother's husband and my stepfather Chester Yerger passed away on March 17th, 2005 of complications generated from the spread of prostate cancer. So, every year my Mom's done something to remember him by, generally traveling to some place they used to go to.
But this year, she elected to stay home, so I joined her so she would not be alone. I've spent most of this day in the air to be here. As I get older, spending as much quality time with my Mother, who's my only remaining direct family person - and I'm the only child - means a lot. The same year, 2005, that January, she was diagnosed with breast cancer. But thanks to early detection, radiation, and a then-new drug called Femara, she beat it and was declared cancer-free April 17th of 2005.
That same year, I lost my biological father, Zenophon Abraham,Sr., to prostate cancer, October 16th. That was a hard, life changing year.
So, today, I did finally wear my green today and so did my Mom. I'm glad she's here and I'm able to do that with her.
Chris Dodd's financial reform package is not the right step
Retiring Senator Chris Dodd (D-Conn.) has presented what's called a "sweeping financial regulatory reform bill" by The Huffington Post, that's designed to prevent future Wall Street bailouts from occurring. But Senator Dodd's bill, while pointing to America's displeasure with Wall Street, is not the tonic that will help the country.
What's forgotten in all of this well-needed rush to reform the financial industry, is that the weak economy created this mess. Simple logic dictates that having good, well-paying jobs in many sectors, not just a few, will allow American workers to pay their loans. The popular idea is that sub-prime mortgages caused the economic problem the Obama Administration is working to get Americans out of. But that's not the problem, poor new job production has been the issue challenging America for most of the first decade of the 21st Century.
According to the Bureau of Labor Statistics, in February there were 1.2 million "discouraged workers" or people who could not find a job, and that was up 476,000 from a year earlier (2009). And that's one of a number of measures that show jobs are still the number one problem.
The best solution is one that the Obama Administration seems loath to adopt but right for its time: Economic Nationalism. The idea that domestic policies should cause the development of American-controlled production with the objective of increasing the jobs base. Economic Nationalism has been the basis for the growth of economies in Japan, Taiwan, China, and The European Union. The United States economy has been picked apart by worldwide economic nationalist policies.
The only way America will have a fighting chance to revive its economy is by replicating the economic policies and corporate strategies used against it for so many decades. Maintaining a healthly jobs-producing economy must be the first priority.
What's forgotten in all of this well-needed rush to reform the financial industry, is that the weak economy created this mess. Simple logic dictates that having good, well-paying jobs in many sectors, not just a few, will allow American workers to pay their loans. The popular idea is that sub-prime mortgages caused the economic problem the Obama Administration is working to get Americans out of. But that's not the problem, poor new job production has been the issue challenging America for most of the first decade of the 21st Century.
According to the Bureau of Labor Statistics, in February there were 1.2 million "discouraged workers" or people who could not find a job, and that was up 476,000 from a year earlier (2009). And that's one of a number of measures that show jobs are still the number one problem.
The best solution is one that the Obama Administration seems loath to adopt but right for its time: Economic Nationalism. The idea that domestic policies should cause the development of American-controlled production with the objective of increasing the jobs base. Economic Nationalism has been the basis for the growth of economies in Japan, Taiwan, China, and The European Union. The United States economy has been picked apart by worldwide economic nationalist policies.
The only way America will have a fighting chance to revive its economy is by replicating the economic policies and corporate strategies used against it for so many decades. Maintaining a healthly jobs-producing economy must be the first priority.
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