Heartbreaking and brilliant. It’s “Nickle and Dimed” for the post-noughties age.
Play Spent - try and make it through the month as a low income American.
reblogged from rickwebb
While passionate conviction and shrewd pragmatism are characteristics of great political leaders, what really distinguishes them is their detachment - not their proximity to the electorate but their distance from it. The natural posture for a politician has always been ‘chief amongst equals’. But modern media does not allow this. Now it is at best ‘equal among equals’ and commonly last or least among them.
Listen to talkback, watch Q&A, tune in to the internet and ask where the power and respect lies. Who lays the strongest claim to the record, the knowledge and the authority, charismatic or otherwise? Not the leaders. Most of what used to be theirs is shared between the host and the audience, for whom pretty well any opinion is as good as another. The politicians scramble for the residue.
‘The Nation Reviewed’, Don Watson in The Monthly
reblogged from nextness
reblogged from nextness
“Isaac Osei, who owns a taxi fleet in New York City with his wife, is also a Ghanaian chief who wears a crown and oversees five towns.”
- An African Chief in Cabby’s Clothing, The New York Times
The aide said that guys like me were ”in what we call the reality-based community,” which he defined as people who ”believe that solutions emerge from your judicious study of discernible reality.” I nodded and murmured something about enlightenment principles and empiricism. He cut me off. ”That’s not the way the world really works anymore,” he continued. ”We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do. Faith, Certainty and the Presidency of George W. Bush by Ron Suskind for NYT Magazine
October 17, 2004
(Source: sexartandpolitics)
reblogged from underpaidgenius
reblogged from continuum
Look, I think the biggest problem the country has right now is not the budget deficit. The biggest problem the country has right now is the jobs deficit. Yes, there’s a risk that we will misplay things and make the mistakes of the 1970’s, and have inflation and have excessive borrowing.
But far and away the larger risk is that we will make the mistakes of 1937, and that we will not have a recovery that is sustained, that we will make the mistakes that Japan made, and that we will have a decade or two of stagnation. The right question to be focused on is how to stimulate demand.
Look out there, guys. The Treasury bond rate, Treasury note rate for ten years is 2.85 percent. Nobody is failing to invest because 2.85 percent is too much. They are failing to invest because there are no customers in their store. They are failing to invest because their factories are sitting empty. They are failing to innovate because they’re not sure how large the market for the product will be.
That is the problem that we need to address. By the way, an extra percent a year on the growth rate for the next five years will do more for the budget than any amount of the entitlement-cutting that’s under discussion.
From this fascinating interview with Larry Summers. Yes, the same interview in which he calls the Winklevoss twins assholes.

