Showing posts with label Economic Meltdown. Show all posts
Showing posts with label Economic Meltdown. Show all posts

Monday, June 1, 2009

Reinvest in America Rally: Jesse Jackson's Keynote Speech

Jesse Jackson, Sr. was the keynote speaker at today's "Reinvest in America" Rally in Lansing, Michigan. Jackson addressed the troubled economic times faced by the auto industry in Michigan and how America needs to reinvest in its workers, people, and communities.  

-- Rico Thomas Rico

Jesse Jackson, Sr.
1 June 2009
Lansing, Michigan (USA)
 

Thursday, May 28, 2009

The People's Perspective on the Economic Meltdown in Detroit, Part 1

Once again, I was not invited to this week's Detroit Chamber of Commerce's annual Mackinac Policy Conference on Mackinac Island. That's all right because I WAS invited to Detroit's Cobo Hall last Saturday to attend the townhall discussion titled, "Meltdown in Detroit: Economic Collapse, a People's Plan for Recovery." It was open to the public; everyone was invited.

Townhall organizers -- led by The Nation magazine -- rounded up an impressive group of panelists to address Detroit's economic meltdown from the perspective of "putting the needs of workers and citizens (not bankers and stock market speculators) at the center of the conversation." How could I miss such an opportunity? So I interrupted my Memorial Weekend fun at the Lansing Cristo Rey festival, grabbed my recording gear, and drove to Detroit.

I am reporting this in two parts as panel moderator John Nichols of The Nation basically went around the panel twice to get the varying perspectives of the six panelists. Each participant spoke briefly during each round. Below are links to Nichols' first pass through the panel. Representative John Conyers made opening remarks and Nichols gave an introduction about the event -- portions of both are provided here, as well. I will publish the recordings of round two in a couple of days.

So now here is your invitation to the townhall discussion on the economic meltdown in Detroit:

Opening Remarks 
by Representative John Conyers (D-Detroit)
For the second week in a row (see my recording from the Michigan Policy Summit), Conyers gives a harsh critique of the makeup of President Obama's administration and, this time, adds commentary on the auto bailout. Watch the video here.

Introduction by John Nichols of The Nation
Nichols, a political writer and author, served as the panel moderator. Here he answers the the question, "How come The Nation is going to Detroit to talk about the economic meltdown?"

First Panelist: Economist Robert Pollin
Robert Pollin, co-director of Political Economy Research Institute and Professor of Economics at the University of Massachusetts, answers the opening question, "What went wrong? Why is this economy so sick?" Click here.

Second Panelist: Author/Activist Barbara Ehrenreich
Best selling author, social commentator, author/activist Barbara Ehrenreich talks about the fundamental, underlying problems with the economy. Click here.

Third Panelist: Union Organizer/Detroit Activist
Elena Herrada
Elena Herrada is a Detroit activist, union organizer, and founder of Central Obrero, a Latino workers center. She is asked, "Is it all the immigrants fault?" and talks about "this economy and what it means to people who actually believe what is written on the Statue of Liberty." Click here.

Fourth Panelist: Detroit Activist Grace Lee Boggs
Author and long-time Detroit activist Grace Lee Boggs, at 94 years of age, answers the question, "Why is Detroit so important?" Click here.

Fifth Panelist: Detroit City Council Member 
JoAnn Watson
Detroit City Council Member JoAnn Watson is asked, "How are you going to rebuild Detroit?" and she talks about a "Marshall Plan" for Detroit. Click here.

Sixth Panelist: Union Organizer/Activist Diane Feeley
Union organizer, activist, and retiree Dianne Feeley answers the question, "What's a 'green economy,' how do we get there, and what does it mean for Detroit?" Click here.

Watch out for part two of this report on the townhall discussion from Detroit.

-- Rico Thomas Rico

Author/Activist Barbara Ehrenreich talking
in Detroit about the Economic Meltdown





Monday, May 18, 2009

Economist Dean Baker Addresses the 2009 Michigan Policy Summit

Economist Dean Baker, the co-founder and co-director of the Center for Economic and Policy Research in Washington, D.C., was the keynote speaker at the 2009 Michigan Policy Summit in Detroit on Saturday, May 16, 2009.  Baker has a Ph.d. in Economics from the University of Michigan and blogs for the American Prospect.  

His recorded speech is provided below.  You can toggle the HD on/off to adjust for better playback with your specific computer.

-- Rico Thomas Rico

Dean Baker,
Center for Economic and Policy Research,
Addresses the 2009 Michigan Policy Summit

Sunday, May 3, 2009

Revenge of the EV1

Looking at General Motors, I shook my head with amazement.  How, I wondered, could a company that has the ability to hire the best and brightest people from around the globe perform so badly?  Why are they building big, gas-guzzling vehicles when gas prices are escalating and when the trend – as evidenced by the foreign competition – is clearly moving toward smaller, fuel-efficient vehicles?  Why? Why? Why?

I asked all these questions circa 1976 while still in high school.

Through more than thirty years these same questions have echoed in my mind.  Even when bad signs or indicators popped into our public consciousness, people continued to believe that the auto industry would continue here in Michigan, especially with the Big Three ingrained in our economy.

Ahhh, there were plenty of warning signs.  Here are just a few:

= Bluestone and Harrison published The Deindustrialization of America in 1982.  But how many in the general public read that book?

= Michael Moore released “Roger and Me” in 1989.  Did the rest of the country simply think this documentary was propaganda?

= President Bill Clinton escorted NAFTA through Congress and signed it into law in 1994.  Steadily over time, did people really notice they were getting the slow SHAFTA from NAFTA?

These signs and many more existed over the 30-year period.  All of us who witnessed the auto industry’s collapse – directly and indirectly – will only be left with those memories.  In the end, it will be our duty and responsibility to tell the story.  The truthful story.  From all its varying angles.

Hot Iron, Hotter Attitude

I got a phone call a few weeks ago from a buddy.  As happens these days, the conversation turned to the state of the economy.  My buddy explained with great conviction how the union workers in Michigan killed our auto industry with their high pay and fringe benefits.

Deep breath.  Pause.  Deep breath.

Let me get this viewpoint straight:

= People like my father, a proud union member and person, who poured hot iron for GM for 33 years, drove the company into the ground?

= My father and his union cohorts decided to continue building gas-guzzling vehicles with the GM nameplate through the whole period when mileage-efficient cars were gaining in popularity?

= My father and the unionists killed and destroyed the GM electric car, the EV1, even though it was affordable, functional, and ready for mass production in an oil-dependent auto market?

What else were the workers responsible for?  Ripping off the Enron customers? Running multi-billion dollar Ponzi schemes?  Fabricating illegal wars so Halliburton could get more military contracts?

Trust me, my dear buddy, if my father had been in charge of GM, the company would still be alive and well, and the only people out of work and money would be the corporate cluster f*cks who were so willing to sell us all out for their own personal, private gain.

The Sad Irony

Michigan is left with this sad irony:

= The earliest mass transit and trolley systems were deliberately killed – mainly by the auto companies themselves – in favor of automobile production and jobs. 

= Politicians – including some prominent Senate and House Democrats who remain in office today – made careers out of shielding the auto companies from legislatively-mandated mileage standards in the name of protecting auto jobs. 

= The state legislature refused – and still refuses – to pass auto inspection and emission standards all in the name of protecting auto jobs.

= The corporate press failed its public responsibility in order not to pressure, scrutinize, or challenge the direction or decisions of the corporate auto giants.

= GM literally crushed out of existence a road-ready electric car in favor of gas-guzzling vehicles.

The ironic result is a state with no mass transit system, no adequate mileage-efficient vehicles, no way to get polluting cars off the roads, no financially-healthy newspaper watchdogs, no electric car… and no thriving auto industry with plentiful jobs.


The Revenge

I ascribe all this to the revenge of the EV1.  You can see it, hear it, and feel it any time a politician, a policymaker, a reporter, or a corporate official feigns the need to build an electric car, or electric-hybrid, or the need to invent and build a good vehicle battery.  The electric vehicle was deliberately and consciously rejected to the long-term detriment of the public good – a truth that must be told as we sift through the ruins and history of the auto industry.

-- Rico Thomas Rico

P.S. Read my earlier piece on the electric car here.


Saturday, February 21, 2009

Naomi Klein: Q&A Session at Michigan State

I've run into people today who were still chattering about author Naomi Klein's speech at Michigan State University is past week.  As author of The Shock Doctrine: The Rise of Disaster Capitalism, her appearance in mid-Michigan could not have been more timely, with the economic melt-down and all.    Don't miss out on listening to her entire speech.  Smaller portions of her speech will be made available in the near future.

The question-and-answers portion of Klein's MSU presentation was just as impressive as her speech.  The words and wisdom she imparted should be required listening for the peace community, especially the active one in Lansing.  The Q&A is provided immediately below.

-- Rico Thomas Rico
Q&A Session with Naomi Klein
17 February 2009
Michigan State University


Thursday, February 19, 2009

Disaster Capitalism: Naomi Klein Talks About The Shock Doctrine

In this day-and-age of economic disaster, you do not want to miss the recent lecture at Michigan State University by author/activist Naomi Klein, who wrote the book, The Shock Doctrine: The Rise of Disaster Capitalism.  Klein provides important insights into the U.S. economic meltdown and its impact across the globe. 

Klein spoke at the MSU Auditorium on Wednesday, February 17, 2009.  Her full speech is provided below.  Shorter snippets of the speech and the Q&A session at the end will be released separately.  Here you can watch all or parts of the speech by using the slide bar that comes with the video.  The video can also be found here.

-- Rico Thomas Rico
Naomi Klein at Michigan State University
17 February 2009


Sunday, February 8, 2009

25 Random Reasons I Hate Living in a 3rd World Country

1.  No national health care system. 

2.   Depressed economy that forces people to join the military for promised health care and education money.

3.  A federal government that sponsors torture overseas and within domestic prisons.

4.  Massive potholes in streets and highways that were once the pride of the community.

5.  A duopolistic political system that masquerades as a two-party system.

6.  Having a military that runs secret prisons.

7.  An education system that has for years warehoused multitudes of uneducated students and a government system that hides this fact and offers no explanation to anyone of the long-term ramifications.

8.  Auto pundits, media, politicians, and policymakers grapple with a downsized automobile industry while play-pretending that the electric automobile is not already functional and while also depending on everyone forgetting the EV1 existed.

9.  The military-industrial complex and the prison-industrial complex continue to suck up massive amount of financial resources while anti-government zealots don’t say a peep.

10.  A 14-year education becoming a norm, not because more skills are needed, but because the students no longer get educated in 12 years.

11.  The fact that it is cheaper for our government to kill us or let us die than to have to pay us our old age social security benefits or federal-guaranteed pensions.

12.  As massive government funds are doled out to financiers and industries, pundits holler about “socialism” while ignoring the fact that what is being practiced is “fascism.”

13.  No one calls for a parliamentary system which would enable the voters to toss out a malfunctioning federal administration.

14.  Eco-activists get 22-year prison sentences for burning down empty buildings while we have walking the streets a former President and Vice President and their lackeys who ordered torture, secret prisons, domestic spying, illegally invading non-threatening countries, and bombing and burning of buildings with innocent people in them.

15.  Bridges literally crumble into rivers.

16.  Tainted peanut butter.

17.  Reliance on cheap imported goods made by slave labor in foreign countries, ironically taking us back to our country’s slave ownership heritage.

18.  Honorable Members of Congress haven’t overtly told the public that the same members of Congress have spent all of the Social Security taxes over the decades on military spending.

19.  Nothing serious is done to stop global warming while our polluting habits continue unabated.

20.  Hearing incessant claims by people that the U.S. is a “Christian” country, yet the same people directly and indirectly support government policies that support military destruction and killing, while letting our own populace starve, go without health care, and lack education resources.

21.  Citizens, who after looking more closely at the 9-11 incident, say “I choose not to believe.”

22.   Allowing a roulette wheel of hate variously targeting “boogey-monsters” like illegal immigrants, gays and lesbians, African-Americans, Arabs and Muslims, and others.

23.  Allowing our brand of capitalism to kill the planet.

24.  Having a government claiming it is broke when people demand national health care, education spending, and other social services, yet pulling billions out of mystery orifices when the business community collapses upon its corrupt, inefficient self.

25.   Living with large numbers of people who hide behind a flag in an effort to escape from the inescapable truth that our country is “the greatest purveyor of violence in the world today.”

-- Rico Thomas Rico

Saturday, December 27, 2008

Talking Sustainable Living

The game's up. A wasteful, consumption-based society is not sustainable. We have been riding this economic wave that relied on us -- the dual-purpose consumers and workers -- to buy, buy, buy, which meant for many of us borrow, borrow, borrow. In the meantime, Wall Street was building an illegitimate -- and in many instances, illegal -- house of cards. Experts now point to super high gas prices as the catalyst for bringing it all crashing down.

Most Americans must now re-adjust their lifestyles and downscale their economic expectations. This de-industrialized, burgeoning Third World society and its citizens must begin to re-evaluate all the bill-of-goods (literally) sold to us. Do we really need all the stuff (i.e., cheap plastic crap) that is pushed on us? No we don't -- the game's up.

We will all need to re-evaluate what is really important in life. As neighbors and community members, we will need to have serious discussions about what makes a truly sustainable economy. Those discussions -- whether we like it or not -- will begin in earnest in 2009, as the economy gets worse. While the economic prospects generally are poor, I am optimistic that we can use it as an opportunity to begin the establishment and development of local economies that make sense, save the planet, and promote long-term sustainable growth.

I had one such conversation with Leah Patriarco of Chicago's Allium Collective, which is dedicated to sustainable and ethical living practices. We talked in early October 2008 when the Wheels of Justice tour visited Lansing. Leah was the tour manager and she was willing to talk about sustainable living. The interview is posted below.

-- Rico Thomas Rico

Interview: Leah Patriarco of the Allium Collective

Saturday, October 18, 2008

The Last Bush President: Oliver Stone's W.

Movie director Oliver Stone should be kicking himself right about now. His lack of patience – and possible underestimation of his topic’s utter incompetence – obviously caused him to rush the biopic of George W. Bush to the screen. At “The End” of this movie, the Katrina debacle had not happened, nor had the pending U.S.-led worldwide economic meltdown. As a result, this seemingly first-draft screenplay fails to fairly and completely capture the historical disaster that is the real W. As a result, Stone’s product is disappointing, leaving the door open for someone like Michael Moore or Spike Lee to do the 3-hour bio-tragedy of – we hope – America’s last Bush president. Still, Stone’s treatment of America’s worst presidency – including the cast of enablers who surrounded him – should not be missed, especially by all the people (now in hiding) who voted for W twice.

Stone’s task in depicting George W. Bush was not an easy task. Where do you start with so much incompetence to choose from? Yet Stone misses a couple key points in W’s life story. First, he focused too much on W’s baseball team ownership and completely bypassed the subject’s failure as a businessman. W’s penchant to drag down his corporate ventures through financial shenanigans, as exhibited by the handling of Arbusto Energy, Spectrum 7 Energy Systems, and Harken Energy, portended his neglectful, shallow leadership that would eventually lead to the bankruptcy of America. Stone just couldn’t wait for it all to play out.

Incredibly, Stone misses a second key point to W’s story. His sympathetic portrait of “Poppy” – George H.W. Bush – sheds little light on the workings and influence – and continued failed judgment – of America’s oligarchy as represented by the Bush family. The senior Bush is depicted as a respectable elder statesman while ignoring his central role in selling us out to China, in building the American security state, in the Iran-Contra Affair, in the original Savings & Loan theft, and, finally, in bestowing the oligarchic legacy of American leadership to his bumbling son. Stone, most likely, made a movie about the wrong Bush or let’s hope there is prequel in the works called “H.W.”


The theater was filled Friday night for the opening and I hope more people go see this movie. I should warn the reader: the movie is NOT a comedy, as the official trailer running on television is trying to sell it. Yes, there were some chuckle points at different parts to the movie. It is starkly evident to the audience that the story of W is neither fun nor funny, no matter how marketers, Washington, and Hollywood sell it. We’re not buying anymore – we can’t afford it.

-- Rico Thomas Rico

W. Trailer Featuring Talking Heads Soundtrack

This Week's Jukebox: Song Book II