Tuesday, July 19, 2016

A Little Recommendation

Was trying to make a point to someone about the Clinton Administration's financial legislation in 1999 revoking the Glass-Steagall Act, enacted after the Great Depression.
Glass Steagall protected U.S. taxpayers from the greed and avarice of banks for the balance of the 20th Century but of course, not from Savings & Loans, which we had to bail out in the early nineties.
Looking online for info on comparing Glass Steagall and what the Obama Administration managed to replace it with, the Dodd-Frank Act, I discovered this:   

Pam & Russ Martens, who wrote it, are by no means the only economists insisting that Dodd-Frank doesn’t protect us. The Republican Party platform includes a plank to bring back Glass Steagall  Old Socialists and critical eyes might have to consider voting Republican, now that the Dems, washed out Bernie. Check it out.

Sunday, July 10, 2016

Social Media=Better Democracy or Higher Hysteria?

Certainly, the fact that I have not made a post to this blog for 3 months belies some busy days, especially with all the rain lately, but more often I am asking myself what is the point? Especially with social media raging so inanely. 
Yeah, occasionally I go on Facebook, but it feels like group-think and I inherently don't share its values. Despite Google's desperate desire and best efforts to connect all my accounts, devices and computers, I do my best to route friend/relative traffic to my Hotmail account, political and solicitation of all sort (companies) to Yahoo and editors and professional conversations to Gmail.
Every time I open a Yahoo message from Friends of the Earth, the Sanders campaign, or Credo, they want me to sign a petition and forward encouragement to do likewise, to all my friends and relatives. Right.  Sure. Count on it. My friends can figure out what to think/sign for themselves.  They wouldn't be my friends if they couldn't. I am rather lucky in relatives on that score.
The kind of group-think underway in the wake of the Brexit, all things Trump, events in Dallas, Baton Rouge and Minnesota is just what organizers are after.  They want everybody to sign on and endorse their idea or movement before considering the situation. Sometimes on the basis of a tweet.  
A functioning democracy requires if not reflection, at least a little thought. This is the reverse: wild, roaring group hysteria in the internet coliseum