Monday, February 09, 2009

Gone Going (Gone)



I don't know about you, but when I hear this song, I tend to pick up the last line of the chorus, "Gone people All awkward with their things Gone." I hear the song talking about the unnecessary spending that goes on today. About people who go out and buy "And cars and phones and diamond rings Bling, bling." This has been a trend that has died a little in the last year as more and more people became aware of their spending trends because of the economy.

I am a supporter of the Economic Policies of President Obama, and see that Government Spending in the right areas could help those who do not currently have the resources to spend their money get back into the economic loop.

One of the most often comparisons that people (read conservatives) have been making is that this stimulus package is a new New Deal and that in fact the New Deal was a failure that actually extended the recession of the 1929-33. But the recession was actually over in 1933, what they tend to be talking about is the unemployment rate returning to normal.




In an article found in the Guardian, a British Newspaper, Michael Tomasky talks about this issue, and how those who think this are wrong. Here are the last two lines of the article.

So the New Deal worked pretty doggone well. It didn't solve every problem. Yes, there are other legitimate criticisms to be made of Roosevelt. But the New Deal kept millions from starving and gave them jobs. And it generated economic activity – rural electrification, for example – that brought society tremendous benefit. And how might only tax cuts or doing nothing have done?

I can't believe we have to reargue these points. It's not that the Republicans don't know anything about economics. It's that they don't want to know anything about economics, and don't want to reckon with evidence. They have their ideology, chiseled into Pharaoh's obelisk, impervious to fact. How does one erase it?
Read the rest here.


Enjoy another version of the song rewritten with the Black Eyed Peas.

1 comment:

Anonymous said...

Hey, Erik, great comments and great blog article. Thanks for sharing them. Good to hear your thoughts. Dad