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Linguistic Wars

Franklin @ August 29, 2008 # One Comment

As politic discourse was supplanted with one-liner “talking points”, what passes for political argument became a tedious repetition of linguistic devices designed to frame the argument in order to forestall real political discussion. When in 2004 Republican pundits created the “swift boat” linguistic device and John Kerry fell for it, a great deal of his […]

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The Oncoming Depression

Franklin @ August 15, 2008 # One Comment

Image by Public Citizen via FlickrAs credit card lenders reduce their risk exposure by closing credit card accounts and reducing lines of credit, we will start seeing a large reduction in consumer spending. This is affecting not only middle class families, but higher income families as well. From the point of view of the lenders, […]

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The need for re-industrializing America

Franklin @ August 5, 2008 # 7 Comments

(Originally posted at my.barackobama.com) Beyond political discourse, we need to face the reality that America’s economy has been declining since mid 2001. The economic policies of the Bush administration did nothing to encourage the creation of new industries. If we use the image of an engine to represent the economy, what the Bush administration has […]

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This 4th of July…

Franklin @ July 2, 2008 # No Comment Yet

This 4th of July, as we’re celebrating independence and freedom, many senators are getting ready to come back to Washington and sell out some of our most fundamental freedoms. Don’t let it happen. Take action now. Dear ACLU Supporter, On Tuesday, July 8th, the Senate will consider an unconstitutional FISA bill that lets lawbreaking phone […]

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The Myth of the Bush Administration Being Strong on Homeland Security

Franklin @ June 18, 2008 # 9 Comments

As the political campaign ramps up, the McCain cohort is trying to shape the debate of American politics around the single issue of Homeland Security. However, there is no objective reason to believe that the current administration’s policies are the way to go. There are two conflict hypothesis based on which the current two-front war […]

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The Real Economy III: The People’s GDP

Franklin @ May 4, 2008 # 10 Comments

Back in November, I showed how the capital of American businesses was contracting. I said "regardless of any official announcement of recessions, US businesses have been behaving as they normally do during recessions." It is hard to understand why American businesses are becoming recession-like illiquid when the GDP numbers don’t seem to show any signs […]

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American Workers’ Dwindling Participation in America’s Riches

Franklin @ May 2, 2008 # One Comment

The following chart shows the salaries of American workers compared to GDP. As you can see, it has been falling steadily since 1969. But for a few good years during the Clinton administration, American workers have very little to cheer about, having less participation in the economy than during the depression years. This is not […]

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US Economy: Fit, Fat or Bloated?

Franklin @ May 2, 2008 # 2 Comments

President Bush’s refusal to admit the US economy is in a recession is just proof of his delusional state of mind. If you dismissed his idea that people were going to be waiting for the US army with flowers in the streets of Baghdad as an honest mistake, and his handling of the Katrina crisis […]

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The Richest Country On Earth

Franklin @ April 21, 2008 # 21 Comments

If you thought the richest country on earth was the United States, you were wrong. If you thought it was China, you may be right. The truth is, it is pretty damn difficult to determine which country is the richest one on earth. This is because answering that question implies answering a broader question: “What […]

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A Streetcar Named Wishful Economic Thinking

Franklin @ April 15, 2008 # 12 Comments

We are broke. We may have a couple more months of sustained living if the Fed keeps injecting liquidity into the system, but to all intents and purposes, America is broke. For the past 50 years we have been sustaining low unemployment rates (albeit not as low as the official figures show), based on a […]

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