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Member since: Mon Mar 10, 2014, 06:36 PM
Number of posts: 625

Journal Archives

Surprise! 'Pro-business' policies hurt state economic growth


As Menzie Chinn of the University of Wisconsin has now shown, the problem is that pro-business policies don't really contribute to economic growth. They just make the rich richer, which is not the same thing at all.

. . . .

does a high ALEC ranking translate into high growth? That's the question Chinn asked. He started by measuring private nonfarm job growth in four states--California, Wisconsin, Kansas, and Minnesota--dating to January 2011, when all four got new governors. Scott Walker of Wisconsin and Sam Brownback of Kansas were extremely ALEC-friendly, Jerry Brown of California and Mark Dayton of Minnesota were not.

Here's what he found, in a nutshell: "Kansas and Wisconsin, ranked 15th and 17th in terms of the ALEC-Laffer Economic Outlook Rankings, are doing equally badly relative to US employment growth. In contrast, Minnesota (ranked 46th) is outperforming the United States and those two states...What about California? It is ranked 47th by ALEC-Laffer, and yet is doing the best in terms of employment amongst the four states." Chinn's graph of the four states' job growth accompanies this post.

As he observes, the most radical pro-ALEC governor is Walker, whose tax-cutting and anti-union zeal has propelled him into the race for the GOP Presidential nomination for 2016. His state's economic performance has been dismal, as ALEC's own figures show.
Posted by Damansarajaya | Wed May 14, 2014, 05:13 PM (6 replies)

Who is this Glenn Greenwald guy?

ROBERT Greenwald I've heard of. He's made documentaries on Wal-Mart, Fox News, and the Koch Bros.

But I never heard of GLENN Greenwald until I started reading DU. What's all the whoop?
Posted by Damansarajaya | Sat May 10, 2014, 10:59 AM (37 replies)

Historic planting of Colorado’s first state regulated industrial hemp crop


An historic planting of Colorado’s first state regulated industrial hemp crop is underway. More than 70 applications to grow the towering cousin of marijuana have come in to the Colorado Department of Agriculture.

Hemp plants look similar to marijuana because of their leaf shape, but the plant lacks the intoxicating chemical compound THC. It’s instead grown for its fiber and oil.

Hemp seeds increasingly are being included in cereals, granola bars and protein powders. Hemp oil shows up in personal hygiene products like lotions and salves. The plant’s fibers can be processed into clothing, rope, even automobile interior fabric.

Because the plant is still illegal at the federal level, Colorado law requires growers register with the state. Hemp’s been receiving considerable hype since voters approved its cultivation along with recreational marijuana in 2012. Proponents call it a “miracle crop,” able to withstand drought conditions and with probable untapped market potential.

(more at link)
Posted by Damansarajaya | Mon May 5, 2014, 06:48 PM (5 replies)

Rebuttal to Maggie Thatcher's quote: The problem with socialism is

that eventually you run out of other people's money.

Uh huh . . .

And the problem with CAPITALISM is that eventually one person has all the money.
Posted by Damansarajaya | Fri Apr 25, 2014, 01:30 PM (18 replies)

Rapid response to the Supreme Court decision

Fight back.

Spontaneous demonstrations planned for tonight--

Posted by Damansarajaya | Wed Apr 2, 2014, 12:24 PM (2 replies)

Teddy Roosevelt on supporting the president even when he does wrong . . .

The President is merely the most important among a large number of public servants. He should be supported or opposed exactly to the degree which is warranted by his good conduct or bad conduct, his efficiency or inefficiency in rendering loyal, able, and disinterested service to the Nation as a whole. Therefore it is absolutely necessary that there should be full liberty to tell the truth about his acts, and this means that it is exactly necessary to blame him when he does wrong as to praise him when he does right. Any other attitude in an American citizen is both base and servile. To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public. Nothing but the truth should be spoken about him or any one else. But it is even more important to tell the truth, pleasant or unpleasant, about him than about any one else.

Kansas City Star (7 May 1918).
Posted by Damansarajaya | Tue Apr 1, 2014, 06:20 PM (48 replies)

"I told the world that your case for the war was a PACK OF LIES."

As the anniversary of the worst military disaster since Vietnam approaches on the 19th of this month, let's lift a glass again to MP George Galloway in 2006 for showing American politicians what the TRUTH and a person with the GUTS to tell it looks like:

Posted by Damansarajaya | Thu Mar 13, 2014, 05:13 PM (71 replies)
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