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Calls for Industrial Policy … ‘Socialism,’ Sarah Will Squawk … But We Need Massive Investments Now

- via mal

It’s apparent to all but the most blind and corrupt policymakers that something is scary about this recession/recovery/recession [40 percent chance of a double-dip, says Roubini].

We are at another recession, effectively, if folks looking for jobs matter as the defining characteristic of a recession [they technically do not].

If only big business had less regulation, all would be well, assures the GOP. Right. How many Americans are buying this line? Unknown.

The Democratic Strategist’s William Galston calls for massive public investment thatunlike the injection of public dollars into the military-industrial, high-tech industries and other big-money sectorsdirects public money into economically useful enterprises, for the rest of us.

The DoD contracts awards offer a daily illustration of how much of our public wealth is directed into permanent war and endless selling of the weapons of war to the world, guarding favored big-money sectors of our country. What that German socialist Eisenhower called the “military-industrial complex.”

Now, Galston (as others before have argued) wants an industrial policy that pushes economic growth in socially useful directions, what the Center for Wisconsin Strategy (COWS), a national policy center, calls “high-road economic development.”

So Sarah and the South will scream: ‘Socialism.’ So what? We’re there already.

In the United States of America, huge-moneyed interests rule and direct public investments their way through the labor of useful idiots and stooges in Congress.

Not to sound like a campaign slogan, but it is time for a change.

Writes Galston:

[We are living in a] different era … How long will it take our policy makers and political parties to absorb the implications of that stark, undeniable phrase? When they do, they will realize that we have only two strategic options: Either we accept years of sluggish growth and high unemployment, or we shift to a new model that mobilizes the record level of private capital now sitting on the sidelines for public investments that will boost economic activity and employment in the short term, and economic productivity and growth in the long term, while generating rates of return sufficient to interest investors.

This is why we need a national infrastructure bank as the linchpin of a public investment strategy driven by economic analysis rather than congressional politics. Rather than bridges to nowhere, we need a bridge to the future. It’s time for hide-bound appropriators to get out of the way.

Short URL: http://www.veteranstoday.com/?p=46583

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Posted by on Aug 27 2010, With 0 Reads, Filed under Corruption, Politics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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3 Comments for “Calls for Industrial Policy … ‘Socialism,’ Sarah Will Squawk … But We Need Massive Investments Now”

  1. The only way to guard against the erosion of liberty and the freedom to choose is to pick winnable issues.
    One such issue is the health care of those crippled in combat overseas in Iraq & Afghanistan.
    The standard of care given to those with spinal cord injury is methylprednisolone.
    While FDA ok’d for spinal cord injury, this steroid was invented in 1959 & does little but diminish inflammation. So much so that several reports on Entrez-PubMed show:
    a. Canadian neuros are less likely to prescribe it
    b. some write that it is not a standard of care
    c. recent Japanese research pointed out that it might actually hinder healing

    Natalizumab, FDA ok’d for multiple sclerosis & Crohn’s disease, promotes a 200 fold increase in mobilized stem cells in primates & a 6 fold increase in sick MS patients. Only 2 doses of this drug will get rats crippled with spinal cord injury standing again!

    Oil rich Saudis, Romanians, Belgians, Venezualans, & Mexicans with MS will get FREE Made in USA natalizumab to see if they AMBULATE (per FDA ok’d clinical trial).

    Meanwhile retired US military & other noncombat active US military personnel will get natalizumab for their MS (& soon Crohn’s disease?).

    No DoD supported clinical trials of natalizumab are available to those crippled in combat overseas.

    Big time Democrats pushed for a prominent lawyer, Frederick Baron, to get natalizumab (aka Tysabri) when he was dying of cancer & just weeks away from dying.

    No Republicans or any politician has spoken up to try to get those crippled in combat, FDA approved drugs for an “experimental” indication like spinal cord injury.

    Guess there is also a INDUSTRIAL- HEALTHCARE – LAW FIRM complex that wishes to deny US military personnel, the FREEDOM TO CHOOSE drugs already in the DoD’s medicine cabinet.

    And if the media & politicians can DENY those crippled in combat & disabled & the most deserving of all Americans, then won’t be DENIED in the FUTURE?

    Please petition your US government to mandate that the DoD fund & support clinical trials of all FDA approved drugs for spinal cord injury, especially those that show clinical evidence of nerve tissue remyelination and those that promote real healing by mobilizing stem cells.

    Natalizumab is one such drug.

    Thank you for reading this & God bless America.

Comments are closed

 

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