Newsvine
  • Welcome
  • Help
  • Report Bug
  • Conversation Tracker
  • Your Column
  • Replies
  • Friends
Type Comments Since You Last CheckedArticle Source Last Checked Stop Tracking All Clear Tracking All
advertisement
Log In | Register
Close the Login Panel
Existing users log in below. New users please register for a free account.

New Users:

Existing Users:

E-Mail:
Password:
Forgot Password?
Please enter the e-mail address or domain name you registered with:
E-Mail/Domain:
Back to Login
Log Out
  • Top News
  • Local News
  • World
  • U.S.
  • Sports
  • Politics
  • Tech
  • Entertainment
  • Science
  • Business
  • Health
  • Odd News
  • More
    • Arts
    • Education
    • Environment
    • Fashion
    • History
    • Home & Garden
    • Not News
    • Religion
    • Travel
Visit onevoiceamongmany's column >>

ONEVOICEAMONGMANY

Articles Posted: 59  Links Seeded: 774
Member Since: 2/2010  Last Seen: 1/24/2012

What is Newsvine?

Updated continuously by citizens like you, Newsvine is an instant reflection of what the world is talking about at any given moment.

Get a Free Account
Help
Fun Stuff
  • Your Clippings
  • Leaderboard
  • E-Mail Alerts
  • Top of the Vine
  • Newsvine Live
  • Newsvine Archives
  • The Greenhouse
  • Recommended Articles
  • Wall of Vineness
Put a Seed Newsvine link on your own site

Things I Learned Last Week; Be Afraid of Paul Ryan

Seeded on Fri Aug 6, 2010 4:57 PM EDT
Read ArticleArticle Source: The Big Picture
politics, economy, finance, credit, recession, banks, federal-reserve, recovery, interest-rates, paul-ryan, gdp, ezra-klein
Seeded by onevoiceamongmany
advertisement

I learned from Ezra Klein's interview of Representative Paul Ryan what he would do to get the economy moving again: Raise interest rates!

I think literally that if we raised the federal funds rate by a point, it would help push money into the economy, as right now, the safest play is to stay with the federal money and federal paper.

Many people — myself among them — apparently emailed Klein about Ryan's remark. To me, there was only one possible explanation: He misspoke. Nothing else would make any sense. So Klein went back to Ryan for clarification and, lo and behold, he did not misspeak. Higher rates are his story and he's sticking to it. I'm somewhat unfamiliar with the economic principles that call for raising rates to stimulate economic activity; I'd learned it the other way around — lower rates to stimulate, raise rates to decelerate. But I'm nothing if not open-minded.

  • Enjoy this article? Help vote it up the 'Vine.

Published to:

  • onevoiceamongmany's Column, All of Newsvine
  • Groups: none
  • Regions: none
  • Public Discussion (5)
Better Careful

We cannot force bankers to lend money, even when the public gives it to them for free. That route to economic investment is a dead-end, then.

That leaves direct investment by the public in our own economy. What investments would you like to see our government make for us? I strongly favor alternative energy technologies for a number of reasons, including:

  • we're running out of oil; the remaining reserves won't last another 50 years
  • R&D will be stimulated, bringing the USA back into a positon of leadership and dominance
  • manufacturing will eventually be stimulated, provided we, the people, make it clear that our businesses invest our money in our economy to help us
  • existing trade treaties will not be violated by creating new markets - previous administrations entered legally binding agreements to sell us down the river

What do you prefer our government to do with our money? What markets would you like us to invest in? If you prefer that we take our public money and put it in the pockets of the bankers, private equity groups, hedge fund operators, and the financial sector in general, state your case.

  • 2 votes
Reply#1 - Fri Aug 6, 2010 6:19 PM EDT
onevoiceamongmany

I am of the same thought process as you. I think we need more industry in the US than we currently posses. One area I think we really need to invest in is renewable energy sources. Battery production can go a long way as well as windmills. I think we need to incentive more small business to invent these types of products. Another area is infrastructure. A high speed railway could create a mass of jobs that would stay here in the states ranging from maintenance to service to manufacturing. It could create a whole new industry that would create tons of jobs.

Point in case. We need to start manufacturing goods, not financial products.

  • 2 votes
#1.1 - Fri Aug 6, 2010 6:52 PM EDT
Nofluer

Ummm... the US actually has about a 300 to 400 year supply of oil, and over 400 years of coal. Plus our natural gas, uranium, wind, hydro... We are not energy poor. We are POLICY poor.

Batteries? Depends on what KIND of batteries. And batteries are not an energy source. They're just energy buckets. YOu get energy somewhere, pour it into the bucket and keep it until it's needed. and the longe you keep it in the bucket, the less it is because the bucket leaks.

Current windmill technology is very expensive - the pay-back for windmill construction is currently longer than the cost, and many don't figure the energy that is used to MAKE the windmills and transport them and erect them... etc.

What do you prefer our government to do with our money?

I'd prefer they keep their cotton-pickin' hands out of my pockets. I earned it, I should get to spend it. Or waste it. Should be - individually, MY choice.

  • 1 vote
#1.2 - Fri Aug 6, 2010 7:21 PM EDT
freebirdreaming

the US actually has about a 300 to 400 year supply of oil,

I'd be interested in seeing your source.

@onevoice.......... Ryan is from my neck of the woods......... he is a burgeoning neocon. Elite in his thinnking.

great seed.

  • 2 votes
#1.3 - Sat Aug 7, 2010 9:51 AM EDT
onevoiceamongmany

nofluer -

1) Along with free bird dreaming I would LOVE to see your source that we have 300-400 years of oil in the USA. I know you are wrong. And this is why.

- http://www.dailypaul.com/node/124621

- http://peakoil.com/

- http://en.wikipedia.org/wiki/Hubbert_peak_theory

There is simply no way we have that much oil left around the world, let alone here in the US. Countries in the middle east have their oil reserves year after year stay the same despite all of the oil they pump out of the ground. The number NEVER changes. It's all about politics.

2) You are missing the point on renewable energy if any of the resources you listed, minus wind, are utilized. We need clean and renewable energy. Oil natural gas coal etc are not that. Wind hydro etc are all clean and renewable. I agree we have a piss poor policy but I do not think we need to utilize the old methods and instead put all of the money from the wars we have fought into a Manhattan project for energy and create a new energy source.

3)Batteries are going to be essential in the future due to storing the electrical charge for different appliances. It is one thing to have the energy it is another to be able to use it whenever you want and still be able to retain all of that energy. If we are no longer using oil, which is the goal, you will need something to hold the energy that we are using, right now its the gas tank, soon it will be the battery.

4) Windmill tech is expensive and that is why we need to invest in it and use a cap and trade system to incentivize and move towards those technologies over the old dirty technologies that are killing us. Just as any technology is expensive when it first is created you need more investment and more money flowing into those products if you want them to be cheaper. Thus why a cap and trade system is necessary.

5) "I'd prefer they keep their cotton-pickin' hands out of my pockets. I earned it, I should get to spend it. Or waste it. Should be - individually, MY choice."

Luckily for the US we have a system called taxation that is the way the government raises revenue to pay for things. Personally I am getting really sick of people saying the government needs to take their hand out of your pocket or what not. It is so lacking in historical context, why we have a Constitution instead of the Articles of Confederation, lacking in reality, how do you expect a government to pay for things which is one of it's essential functions without taxes, and empathy for ones own fellow citizen, love thy neighbor as thyself.

We are not socialists, never will be never have. However the argument that the government is taxing us too much and being oppressive with taxation is the most ludicrous statement that you can hear these days. The top tax rate since WWII has dropped almost without fail every single year. Meanwhile the average citizen's tax rates have only decreased. This is a graph from 1980 onward. There is no doubt that the tax code needs revamping. The thing is so complex and ridiculous that no one can usually figure it own by themselves and requires someone with a good amount of training to get it done correctly.

However, that does not change the fact that people stating their taxes are too high is complete rubbish. As our country gets bigger, and we have more people who require services from the government then our taxes will increase. We do not live in a small country like Japan. We have a vast amount of space and people that is growing exponentially. No one likes taxes, but they are essential to our security our livelihood and our survival as a nation. The reason we had taxes in the first place was in order to pay our military in the revolutionary war, that is why we changed from the Articles of Confederation to the Constitution, among other reasons. Yes this is the land of freedom, but when people want to act selfishly over the concerns of their nation then that puts all of us at risk. I want to spend the money I earn too, however there is a social responsibility that can propel us to further greatness or cripple us permanently. If all of us are well off, have good jobs, have good health care, etc, we can be more productive and better off as a society. However if one sector of society does not want to help others and wants a lower tax rate at the expense of every body else that will cause services to be cut such as education, health care, transportation services, etc; all which will hinder our nation immensely, much worse than a few bucks more out of your paycheck. There should be limits, but the argument that the government is taking all of our money and our tax rates are too high is getting a little old. Since when did the golden rule not apply to countries and governance? If it is supposed to apply on the micro level of our everyday lives then it must apply on a larger national and international level.

  • 1 vote
#1.4 - Sun Aug 8, 2010 2:15 PM EDT
Reply
Leave a Comment:
You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
You're in XHTML Mode. If you prefer, you can use Easy Mode instead.
(XHTML tags allowed - a,b,blockquote,br,code,dd,dl,dt,del,em,h2,h3,h4,i,ins,li,ol,p,pre,q,strong,ul)
Newsvine Privacy Statement
As a new user, you may notice a few temporary content restrictions. Click here for more info.
FUN STUFF:
  • Leaderboard |
  • E-Mail Alerts |
  • Top of the Vine |
  • Newsvine Live |
  • Newsvine Archives |
  • The Greenhouse |
COMPANY STUFF:
  • Code of Honor |
  • Company Info |
  • Contact Us |
  • Jobs |
  • User Agreement |
  • Privacy Policy |
  • About our ads
LEGAL STUFF:
  • © 2005-2012 Newsvine, Inc. |
  • Newsvine® is a registered trademark of Newsvine, Inc. |
  • Newsvine is a property of msnbc.com