Sunday, March 22, 2009
assignment #8 H. VanDyke
In the article the author points out that various politicians and news organizations have declared that "we are all socialist now" this was declared by newsweek added mike huckabee we are creating socialst republics. he also points out that " it is striking that their is an absence of advocates of socialism" and also makes a reference to the capitalist crisis of the 1930's when socialist and comunist spoke of nationalizing all major industries and getting rid of all the private markets and the wage system. the author also says that obama is creating a more socially competitive capitalism. it is clear in reading this article that the author wants the reader to understand that obama is trying to do what he feels is right for the country and tells the audience that obama is making our capitalism more like europes overall i thought this was a very informative article about capitalism verses socialism.
Friday, March 20, 2009
Assignment #8 A. Williams
Assignment#6 A. Williams
Thursday, March 19, 2009
Assignment #8 by z.wright
The basic argument the arthor wants to make is rising of socialism, and why should we bailout capitalism, and social capitalism is another thing blaming the failures of Wall Street and the worldwide crisis of commercial banks; the collapse of Japan, German and American exports; the decline of the U.S. auto industry; the failure of the Stock Market, and the low percentage of jobs at a all-time high I guess that social capitalism is blowing up big time and it is taking the whole world for a ride.
Tuesday, March 17, 2009
Assignment #8 pgriffin
Mr Meyerson basic argument is that President Obama is not trying to set up a socialist government but is trying to reform the capitalist system we now have. Mr Meyerson seems to believe that because of the lack of oversight on the capitalist system many have brought it to its demise, or neat demise. Mr Meyerson point is don't blame the direction of the stimulus package on socialist agenda but rather blame it on the out of control capitalist society. Capitalism caused its own overhaul and if President Obama realizes his agenda, what should emerge according to Mr. Meyerson who calls himself a democratic socialist is a more social, sustainable, competitive capitalism. I put my trust in God's system not capitalism or socialism. God's system is the only one that will last and have unmeasurable benefits!
Assignments (#8 and #9) are postponed till further notice.
Please read the PSC 201 blog.
http://psc201.blogspot.com/
Monday, March 16, 2009
john thomas assign #8
The writer pinpoints some harsh quotes by stauch conservative leaders that try to tie Obama to socialism with every news bite that circulates. Everything Obama's administration does that they are not in agreement with is "socialist". From heathcare to regulation of the financial sector, its all socialist to them. Rich, uptight conservatives have gotten so fat and rich with capitalistic greed that the only sector of the population they are concerned with is their own. They had their chance with unrestricted capitalism and they blew it and sent this country spiraling downwards, and all they seemed to be concerned with is keeping things they way they are so that they can keep at it some more when the storm clears.
The writer's point and argument is basically that Obama is not trying to envoke a socialist nation, like anyone in this country would stand for that anyway? He is trying to get people back to work and get this country moving again as well as trying to safeguard us from having such a massive failure like this one again.
Sunday, March 15, 2009
ASSIGNMENT#8(KMcClure-Vicars)
Meyerson also states don’t be so quick to judge Obama and his ideas for it is capitalism that has gotten America into this mess, 30 years of being unregulated. Even though socialism has not gotten the best reputation perhaps Obama is making a turn for the good and combining Capitalism with Socialism ideas, so says Meyerson. Myers states, "investing more tax dollars in education and research and development is a way to use public funds to create a more competitive private sector.
If you ask me I think Myerson’s point of view could work and get our lost nation back into gear. Even though Im not an Obama fan for some of his ideasbut i respect him. therefore, Meyerson makes a point by saying Obama is tying this form of government with Capitalism because Capitalism has failed and he wants to try something different. By all means if it will work try it. So I say welcome Socialism I hope your help.
Monday, March 9, 2009
Assignment #6 C.Vigeant
The article was written for American citizens who are interested in the origins of the economic crisis, as well as for scholars and politicians. The author wants to inform the readers about his opinion on how the crisis started and why it is so widespread. His main point is that after the Asian financial crisis Asian countries started buying foreign assets which caused huge capital inflows to the US, as well as to some smaller European economies. Most money flowed to the US however, due to deregulation allowing American bankers to hide risks and fool investors. This led to an illusion of wealth in America and in countries such as Iceland, Ireland and Estonia. When the bubble burst, as all bubbles will eventually, assets were lost, but the debt remained. The housing bubble burst took place mainly on the coast; yet demand for manufactured goods plummeted, spreading the crisis all across the country and the world. At the moment, people are unwilling to invest and reluctant to buy. A solution to the problem has still not been found.
Assignment 6, M.Stevenson
Sunday, March 8, 2009
Assignment#6 M.Gardner
Krugman argues that the answer to the debt crisis is in a speech that was given four years ago by, Ben Bernanke. Bernanke believed the causes of the debt crisis, were not in America but Asia. Bernanke explained the emerging of economies in Asia had been huge importers of capital, and after the Asian Crisis, the country exported capital to the world including the U.S.
Krugman explains the exporting of capital to the U.S. as,"our giant trade deficit." With this in mind, he explains that the inrush of capital created the illusion of wealth, and by time the wealth would burst like a bubble. And of course it did. Krugman believes that this is how we got into the mss, and now are looking for a way out.
Assignment #6 AHarrison
This particular article (Revenge of the Glut) was published in The New York Times, on March 1, 2009. The item was writtern as an attempt to answer the question of where our current economic situation came from. To do this, the author draws a line from the various economic situations of the past, to today. This article is directed torward a curious, open-minded, and politicaly-inclined sector of the American population, who, among themselves, pose some of the same questions as the author.
The basic aurguement Krugman wants to make is that America's entire current-day economic crises can be traced back to a time when everything seemed fairly fine. At one point in the article, Krugman states, "This may explain the almost eerie correlation between conservative praise two or three years ago and economic disaster today." In other words, what some people praised then, they now regret. Also interesting is this, "“Reforms have made Iceland a Nordic tiger,” declared a paper from the Cato Institute. “How Ireland Became the Celtic Tiger” was the title of one Heritage Foundation article; The Estonian Economic Miracle” was the title of another. All three nations are in deep crisis now." This article teaches us that nothing is stable, while also pointing-out some of the U.S. sad mistakes in perspective.
Assignment #6 DSinatra
We, apparently, shouldn't be at all surprised with the economic disaster we now find ourselves in. Ben Bernanke forshadowed what was to be in a speech he gave four years ago. Many countries, including the United States, were living for the here and now--living high on the hog so to speak. Since many didn't see the need to heed warnings of impending economic meltdown, they chose to ignore the fact that there would be consequences down the road. So now we see that most of us are wanting to save and not spend. This has caused the entire global economy to come to a screeching hault.
assignment#6 H. VanDyke
i think that like the author points out in the column that this can also be blamed on loosly regulated financial systems that is not asia's fault that is our own fault.
This was an interesting article about going back to how all of this got started and it was interesting to read about asia's involvment in the US economy. I think that it is a very informative article.
Assignment #6 T.Whiteaker
One of the main points that Krugman expresses is how exactly did we get into this situation? He explains that it cant all be blamed on the loans and mortgages but mostly the "cheap" money spent by Asia into countries and also America. However, this created an illusion of wealth in America and eventually it caught up to us. Now when we are in a crisis everyone wants to save and spend no money at all which digs us even deeper into the hole. Overall, it was a very good article that states a lot of our current problems and a lot could be learned from Mr. Krugman.
Assignment#6 (KmcClure-Vicars)
Therefore because the financial system was not regulated more capital inflow took place. Krugman is writing to everyone of what went wrong in America. I feel we are in world of money- fools. I also believe the stimulus package will not work, just the other day on Fox news it was stated wall street plunged again, this being after the package was signed. This change was not a good one. This is all a mess and there are too many stupid people trying to solve this. For example, everyone wants to believe our tax money is going to projects such as infrastructure to help their state to look better. Well not exactly instead millions of our tax money is going to Alabama grant project where research is being done of catfish's DNA. Evidently this production is worth $245 million annually.
All in All Krugman states our problem does not lie on one area instead multiple areas are involved and a miracle needs to come quickly and i input, before more of our tax money goes to something so inappropriate to our economy.
Saturday, March 7, 2009
Assignment # 6 D DeWitt
Although all the warnings and red lights were going off the American CEO Investment Bankers, Wall street did not get it right. Paul Krugman illustrates that the Asians took foreign assets and exported capital to the rest of the world, which the value of their money was cheap. He tells us also that the majority of the cheap money came to America. I am truly glad that the government is trying to regulate how our markets are running with little input. Investors for years have been hiding risk and fooling their own investors allowing the American free opportunity and Dreams die because of greed it really does not make any sense.
For instance, the owner of Sanford Bank who was apprehended because of fraudulent hidden risk stocks took from his investors and somehow all the media and republican brings forth in discussion is the Fannie and Freddie is the cause, but somehow I beg the differ the rich and the greedy cause this crisis upon the American Dream. The question is for me is how the government will handle those who took and hid. I have a problem with standards of our law; For instance, a man Micheal Vick dog killer, fighter ;whatever, goes to prison for 23 years and yet those who have done America a great disservice of being greedy and careless, which cause our present decline. They walk around and fly in jets as if they do no wrong or did no wrong: shame on them. Moreover, the article is informing audience of the main cause and warning that it could happen again because being greedy is always apart of prosperity, "ME MYSELF and I."
Assignment #6- K. Stiling
In the New York Times, Paul Krugman writes, "Revenge of the Glut", an article about the global debt crisis and how it began. Krugman says that the answers to how the crisis started and why it is so widespread can be found in Ben Bernanke's speech entitled "The Global Saving Glut and the U.S. Current Account Deficit". According to Bernanke, the causes of this crisis are found in Asia, not in America; when Asia had their financial crisis in 97-98, they basically exported money to the rest of the world in order to protect themselves.
The money from Asia went into other countries besides America as well. Three countries in "deep crisis now" are Iceland, Ireland, and Estonia (a small country in Northern Europe). At the end of the article, Krugman states a way to look at the situation, ".. around the world, desired saving exceeds the amount businesses are willing to invest. And the result is a global slump that leaves everyone worse off." and likes to call this situation "the revenge of the glut."
Friday, March 6, 2009
Assignment #6 K.Sanders
Krugman says that the answer to how we got into this crisis can be found in a speech made by Ben Bernanke. In the speech Bernanke says that after the Asian financial crisis of 1997-98, the Asian countries wanted to save up foreign assets so they basically started exporting money to the rest of the world. This put a lot of cheap money into many countries, but mainly into America. As Krugman states, it caused an illusion of wealth, but when the bubble burst, the assets were gone leaving an all too real debt to other countries. Now everyone wants to save as much as they can and this Krugman says results in a global economic slump that. Desire to save exceeds the willingness to invest and it is causing more of a slump.
Assignment #6 A Lucketta
Americans are now saving every penny they can get to survive. Jobs everyday laying off people, rising cost of groceries increase, etc. The dollar has lost value it is not worth much to America anymore. People go out when there is a say kids eat free night, coupons, getting gift cards for spending so much etc. America is not doing so hot, we are digging deep into a cold island with numerous getting lay-off. Debt gets racked up with young adults getting a great paying job, buying a house, and nice car then reality hits them in the face. Some racking up the credit cards one after one, getting into huge debt.
America needs to wake up, take time and look around, America is not getting any better this is just the beginning trying to get out of debt. This debt will take many years it will be passed on to great great grandchildren. We can only hope and pray that this debt will not hurt America anymore, that it will help out the need.
Thursday, March 5, 2009
Assignment #6 A. Van Lieu
The main argument that Krugman is trying to address is how exactly America got itself into this mess. He goes on to explain that the “rapid rise of the U.S. trade deficit in the early 21st century did not lay in the hands of America but in Asia.” As stated by Krugman, “For a while, the inrush of capital created the illusion of wealth in these countries, just as it did for American homeowners: asset prices were rising, currencies were strong, and everything looked fine. But bubbles always burst sooner or later.” As of now our bubble has definitely burst. Not only is America in a slump but other countries are as well; which makes this economic crisis, global. We are still trying to find a way out of this mess but in reality it is going to be a very long and strenuous process.
Assignment #6 pgriffin
Mr.Krugman basic argument was that greed will come back to haunt you. The banks and financing companies who sold the American public and investors smoke and mirrors are now reaping what they have sown. The bailout money received by these companies and banks are outrageous. What happened to all the money the banks and other companies received as a result of lying to investors and the American public. Taxpayers are now paying these criminals for the mess these bankers and financial institutions made. In the words of Don King, "Only in a America". It does not add up! It is the poor man who gets stuck with the bill, while the rich man is eating, drinking and being merry. The American system of checks and balances is a long way from being balanced and if America does not stop those who are greedy and selfish from selling the country right out from under Americans, then America will not have to worry about terrorist, because they will not need to destroy what they now own.
Assignment #6 J. Linton
Tuesday, March 3, 2009
assignment # 6 by z.wright
The reason why this was written is because the economic problems we face today, people back then where facing the same problems we are now and these trades from earlier in this century are now limited and we are wondering how did we get in this global debt crisis? because trying to help other countries out when they can help themselves, spending billions and billions of dollars on trying to blow each other up when we can spend money on new roads, new schools, and on new jobs, and trying to get other peoples oil and fighting them for it, thats my opinion on how we got into this situation, and the reason why its widespread is because we are selfish with money and spend it on foolish things.
Monday, March 2, 2009
Christy Rasmussen;;Assignment #5
He is in outrage because they want to change the 17th amendment because some states have had problems with electing good senators. For example, the senator of Illinois that tried to sell President Obama's senate seat. This article was actually written in response to the ordeal in Illinois and the McCain-Feingold evisceration. This will only get approval from those outraged in the recent ordeal in Illinois. Feingold is seen as a progressive but one without apologies... Will says he is trying to get farther away from federalism and the nature and function that the Framers put in place for us.
john thomas assign #6
The argument the writer is making is that the recession is a result of Asian and European economies exploding along with the U.S. housing boom and burst near the coastal states.
I believe that the writer is spot on for the most part. There are tons of things we can attribute the current recession to. I believe that the combination of dulling out credit to those that aren't credit worthy for homes they never could afford in this country and the explosion of modern competing markets in Asia and India are the main issues of all this, along with just general history. History when it comes to recessions especially, generally recessions seem to come around about every 10 or so years. The last recession was back in 2000-2001 era and now we are near the bend of another decade so historically, its a bit early but its close enough. This recession seems to be alot worse than any we have had in almost 80 years so I guess we can only be hopeful and pray that for one time in our existence we learn from our mistakes once this is over.
Assignemnt # 5, M.Stevenson
Sunday, March 1, 2009
Assignment #5 C. Vigeant
The article is directed at politically minded Americans who are interested in preserving the Constitution. The author seems to target a conservative leaning audience. The purpose of the article is to alert the readers about Senator Feingold’s attempt of “vandalizing” the Constitution by amending the 17th amendment. Will’s main point is that Senators Feingold and McCain, in response to the Blagojevich-Burris debacle in Illinois, want to amend the 17th Amendment. Feingold, a Democrat, and McCain, a Republican, want to change the Amendment so that future replacement senators will have to be elected, rather than be appointed by the governor of the state. Will argues that the Amendment should not be amended, but rather be repealed. Before 1913 senators were chosen by the state legislature. During the Progressive Era the 17th Amendment was added to the Constitution, which dictated that senators be elected by the citizens of a state. Only in the case of a replacement during a term is a senator to be chosen by the state legislature. Will believes that this is wrong and that senators should always be chosen by the state legislature just as the framers of the Constitution intended.
Assignment # 5 B. Rohner
In light of recent events some senator want to amened or repeal the 17Th amendment. They want a special election or senate to decide who will replace senators who leave or die during their term. Right now the governor of that particular state can appoint whom ever they chose in most states.
I believe that in most cases governors are trust worthy enough, at least I hope, to appoint the best person.
Assignment # 5 D DeWitt
Although the Framers gave three political components, separation of powers to have check and balance Mr. Feingold and with McCain support decides to tamper with the structure of the Constitution. Like as of this present time many Amendments are being tamper with to suggest the Framers mind set can only deal with their era and not our generation. However, Will in some quotes agree with change, but his concern is how much change does America need from its original design and purpose. I agree that to much progressiveness will cause the intent of the Framer to be demolition and we can not allow that to happen. I believe these laws are in place and if we can always change them to better suit us we will always apologize as will Feingold; George Will suggest.
Assignment #5 J. Linton
- The article was written by George F. Will for The State. The article was written to express the way that the amendment was ratified during the senate. An apology would of been better than the way they tried to hide the fact that they messed up on the finance. The senate did not want to admit that they had to come up with a plan to protect themselves from financial bust. The article was written to the audience that wanted to listen to the mess up of the senate. The authors basic argument was to explain the mess up that the senate made on ratifing the amendment.
Assignment #5 T. Whiteaker
However, I do agree with his statement that says the Constitution should not be touched. In order for the Constitution to be changed it should go through the natural process of being ratified like our fore-fathers intended it to be. He writes that he wants Senators to be elected all at one time because doing it state by state is a long and difficult process. He feels that the more the Constitution is changed the more federalism will continue to fall. I believe he has a very good point and that changing the Constitution should only happen after the proper steps have been taken.
Assigment #5 H. VanDyke
Senator Feingold wants to make some small changes to the amendment senator Feigold proposes that the amenment be changed in this regard, he states that "No person shall be a Senator from a state unless such person has been elected by the people thereof, when vacancies happen in the representation of any state in the senate, the executive authority of each state shall issue writs of elections to fill such vacancies."
I dont see that much difference between Mr. Feingolds proposal and the original amendment. while i think that its a good proposal i dont think that the original needs to be changed because they are both very similiar. I think that the constitution is fine the way it is. The author of this article also shares this opinion that the constitution should be left alone. The author points out that the amendment would also call for if something happened to president obama that the people would have the authority to choose the next president. i think the president has the right to choose who will be the next president of the united states if something were to happen to him.
Assignment #5 DSinatra
I find this infuriating. While I am at a point where I disagree almost completely with how our own state is currently being ran, I do believe in federalism. I agree with this author that there was a specific reason the House, the Senate, and the President were all given different electors. We must retain these procedures in order to maintain our governmental system of checks and balances.
Assignment #5 AHarrison
With the subject of the article being Wisconsin senator, Russ Feingold, and his desire to change the 17th Amendment, it is clear that the author's aim is to argue against it. In the article, it states at many times that Russ Feingold is of the progressive ideology. Thus, he believes that the constitution is never off-limits to change. Basically, the article is an argument against changes to the Constitution (and more specifically, changes to the 17th Amendment). Again, on the one hand, there is Russ Feingold---who of course is for it, and then there is the author, Goerge F. Will---who is against it. Therefore, it stands to reason that being for change is a more liberal view, whereas being against change is a more conservative view. Also, as part of the author's argument, he believes that the sort of change which Feingold (and his backer, McCain) advocate is essentially a threat to Federalism (including the checks and balances wherein the Framers had implemented). Thus, in its most basic sense, this article is an argument about allowing more direct democracy (which means giving the people more voting power), vs. sticking with the way things are.