Archive for November, 2008

looking back – the Depression III

Hoover’s response to the Depression: As mentioned earlier, the Depression developed slowly. After Black Tuesday on October 10, 1929 when the Market fell dramatically, it rallyed for three or four months before beginning a slow decline over the next two years to a tenth of its pre-crash value. While Hoover did not have the hands […]

looking back – the Depression II…

The point of looking back at the Great Depression is obvious, even though it’s interesting in its own right. Herbert Hoover [1929-1933]: Hoover got a bad rap as much of a force in causing the Depression. He was a do-gooder who straddled the fence between political parties. He’d organized relief programs for the great Mississippi […]

looking back – the Depression I…

I seems like a time to remind ourselves of the Great Depression that dominated American life in the 1930’s: WPA Employment [in thousands] The Great Depression and the New Deal The Great Depression stands as an event unique in American history due to both its length and severity. With the unprecedented economic collapse, the nation […]

great idea!

So, back when I was thinking about the new F.D.R. style W.P.A. with a focus on the infrastructure – putting people to work fixing it, singing Woody Guthrie songs, I neglected to get a patent on my idea. Then, a Conservative NYT op-ed columnist, David Brooks, suggested the same thing and I saw my chances […]

patience patients…

Another Falsehood Exposed By Dan Froomkin When and if the curtain is fully pulled back on President Bush’s "war on terror," how much of what he said will turn out to be true, and how much of it will turn out to be fantasy and lies? The more we learn, the more it seems the […]

who knew?

‘Giving Thanks’ It was Thanksgiving, and for the first time our whole family was together. So begins a story on the kids page of the L.A. Times. It goes through the usual story of the Pilgrims and the Indians. Then it goes further: …Later, Governor William Bradford made a decision. Instead of the colonists sharing […]

no more Mythical Liberal

The Insider’s Crusade By DAVID BROOKS Jan. 20, 2009, will be a historic day. Barack Obama (Columbia, Harvard Law) will take the oath of office as his wife, Michelle (Princeton, Harvard Law), looks on proudly. Nearby, his foreign policy advisers will stand beaming, including perhaps Hillary Clinton (Wellesley, Yale Law), Jim Steinberg (Harvard, Yale Law) […]

good call…

Josh Marshall has an interesting "Park Bench" discussion going over at TPM on the question, how did the Republicans allow two consequetive waves [2006, 2008] to swamp them? The Abiding Mystery The Abiding Mystery Pt. 2 The Abiding Mystery Pt. 3 The Abiding Mystery Pt. 4 I’m not so interested in Josh’s question, actually – […]

the elephant in the living room…

The Lame-Duck Economy By PAUL KRUGMAN Everyone’s talking about a new New Deal, for obvious reasons. In 2008, as in 1932, a long era of Republican political dominance came to an end in the face of an economic and financial crisis that, in voters’ minds, both discredited the G.O.P.’s free-market ideology and undermined its claims […]

looking back [1972]…

United States presidential election, 1972 November 7, 1972 Nominee Richard Nixon George McGovern Party Republican Democratic Home state California South Dakota Running mate Spiro Agnew Sargent Shriver Electoral vote 520 17 States carried 49 1+DC Popular vote 47,168,710 29,173,222 Percentage 60.7% 37.5% Presidential election results map. Red denotes states won by Nixon/Agnew, Blue denotes those won by McGovern/Shriver. Grey is […]