Greedy. . .

. . . Bastards Prevail . . .

I understand the principle of compromise and the importance of it in the contact of the legislative branch of government.  And I understand that if this bill does not pass it will be more difficult to arrive at a reasonable one with the new congress as it tilts further to the right. But politicians who are in the pockets of giant banks (or other corporations) have absolutely NO right to talk about the lack of compromise in our current congress when the only compromise they want to see is one that succumbs to the well-heeled lobbyists working for those banks and corporations.  Compromise is, and will always be necessary in the process of making laws. But the laws should be of benefit to all the people and not just to a privileged, monied few.

(from NBCNews.com)
". . . Taking to the Senate floor Wednesday afternoon, Democrat Sen. Elizabeth Warren of Massachusetts urged those in her party to oppose the spending bill because of the financial policy language, calling it "a giveaway to most powerful banks in this country." "This is a democracy, and the American people didn't elect us to stand up for Citigroup, they elected us to stand up for all the people," she said. . . "

This bill is dangerous in loosening up on the giant Banks.  Have we all forgotten 2007-2008?  Our banks managed to bring down the entire global economy.  Do we want to see that AGAIN??!!

What do you think?
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OHO's "Ocean City Ditty," the CD single is now available at http://www.cdbaby.com/cd/oho4
(and, if you're in town, at Trax On Wax on Frederick Rd. in Catonsville, MD) OHO is Jay Graboski, David Reeve & Ray Jozwiak.  Please Visit http://www.ohomusic.com 


My latest solo release, '2014' of original, instrumental piano music, can be downloaded digitally at:

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More, More, More . . .

. . . it's never enough. . .

 (from NPR http://www.npr.org/2012/04/27/151456319/is-moderate-growth-good-for-the-economy)
'The U.S. economy hit the recession exit ramp nearly three years ago, but it's been lost on the back roads somewhere near Recoveryville ever since. Growth rates have been modest at best compared with the 4-plus percent growth in the years well before the U.S. began slouching toward its worst post-World War II recession. On Friday, the government reported that the economy grew at a 2.2 percent pace in the first quarter, down from the 3 percent rate at the end of 2011. The Federal Reserve this week said it expects growth to "remain moderate over coming quarters and then to pick up gradually. "Common sense says high growth rates are good and slower, more modest ones are not so good. But is that always the case? After all, the "irrational exuberance" of the early 2000s helped bring on the recession as people borrowed and spent their way to prosperity. Economists say growth will remain low and consumers will be cautious as long as unemployment stays high. Last month, the jobless rate stood at 8.2 percent. We asked four economists for their take on the growth rate and whether it has triggered any permanent change in consumer behavior. They are Chris Christopher, a senior principal economist at IHS Global Insight; William Dickens, an economist at the Brookings Institution; Gary Hufbauer, a senior researcher at the Peterson Institute for International Economics; and Ken Matheny, senior economist at Macroeconomic Advisers. . ."

It's time we re-examine our expectations and our standards.  Let us redefine 'growth' and calibrate our expectations to a more realistic and natural level. Paraphrasing Dylan Ratigan in "Greedy Bastards",  short term greed is practiced by greedy bastards;  the largest  payback as quickly as possible.  Long-term greed is what capitalism is all about.  Provide a good or service of value and reap a profit over a number of years . . . yes YEARS;  a concept quite foreign to U.S. business.

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