Robert Oak's blog

Sunday Morning Comics - recovery.gov edition

Brought to you by Chinese Caulking and Insulation Manufacturing - Americans! Caulk your windows! It will stimulate your economy! (after all it will only cost $23 billion dollars)
Cup O' Joe

 

Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...time to check out the Funnies!

 

Recovery.gov or Better Know a Made Up District

 

Friday Movie Night -Manufacturing a Better Future for America

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

 

Since hearing how putting in some insulation or yet more teachers (read voters) and pickin' up trash is magically going to generate 10.9 million jobs (the number needed to get back to pre-recession employment levels), I thought this talk by the Alliance for American Manufacturing on how to rebuild the U.S. economy was in order. They have an excellent plan for infrastructure projects which would generate GDP, add to the national economy, over the long term, in addition to providing Americans with high skills jobs.

Manufacturing a Better Future for America

Must Read Posts - Sometimes you just can't say it better for 12.02.09

On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read #1

James Hamilton, over at Econbrowser has a easy to read, lots of graphs analysis post on some recent reports on auto sales, home sales, ADP jobs report in Anemic Recovery. If I wrote up my own thoughts on many of these reports, it would be almost identical so check out his site. Here's one:

11/09 auto sales

I'm seeing the same story in new home sales. These are up on a seasonally adjusted basis mostly because they had previously been so very low, not because the market is remotely back to normal.

Burning Ben

There is a huge push to not confirm Federal Reserve Chair Ben Bernanke going on at this moment.

My problem with all of this activity is the Federal Reserve Chair is nominated by the President of the United States. frying pan fire Is a Bernanke alternative on the level of JP Morgan Chase Jamie Dimon, who is being considered to replace Treasury Secretary Tim Geithner, in the pipeline?

Will we go from frying pan to fire in not confirming Helicopter Ben?

To date, no financial reforms, including the Federal Reserve reforms, have even passed Congress. Isn't the point of all of this to never give another Alan Greenspan that level of power over the United States Financial system and policy?

Just sayin'.

NACA Save the Dream Mortgage Help Tour

Mother Jones reporter Andy Kroll has gotten down and personal with desperate homeowners. In the illusion of recovery Kroll witnesses people showing up for free help from a group I've never heard of, the NACA.

Currently the NACA is touring the country with free help for distressed homeowners in the Save the Dream program. Current Pit stop is Charlotte, NC. Here is Kroll's account from the NACA mortgage help tour at San Francisco's Cow Palace:

What do you want to see in a jobs program?

Manufacture This has a blog post, What do you think a jobs bill should say? Good question. While they leave an email address to send in ideas, I thought we might post our ideas into the public sphere.

Leave your policy and legislation wish list in a comment and I will update the post with suggestions.

Here is what I would like to see:

  • Cancel all State and Federal offshore outsourced contracts. Bring those jobs back.
  • Immediate freeze on all guest worker Visas.
  • Mandatory Expansion of Nursing Schools with above market value Professor Salaries. Students must be permanent residents, U.S. citizens.

Friday Movie Night - Frontline - The Card Game

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

 

Frontline has done it again with another great documentary. The Card Game, perfect for Black Friday, brings us up to date on lobbyists efforts to stop a Consumer Financial Production Agency and also overviews the credit card companies' role in the financial crisis. Lowell Bergman produced this documentary. He also made The History of the Credit Card.

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