# Economy



Maybe "Greed is NOT Good" ... ?

The mantra of the 80's and 90's was “Greed is Good!”

The mantra of the 00's seems to be “The World runs on Greed and Fear — Get used to it!”

Well, here's some “Fun Facts” (about this never-ending  Pursuit of “Wealth for Wealth's sake”)

1. Of the 100 largest economies in the world, 51 are corporations; only 49 are countries.

2. The Top 200 corporations' sales are growing at a faster rate than overall global economic activity.

3. The Top 200 corporations' combined sales are bigger than the combined economies of all countries minus the biggest 10 [countries].

[ and those Fun Facts are from 2000! Just image where we are now after 8 years of the Bush Giveaways …]

http://www.corpwatch.org/article.php?id=377#key
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That's what “Business as Usual” really means.

The real problem with “Corporate Greed” … is they just “keep moving that darn Finish Line”  ….

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Free Trade vs Smart Trade, Edwards takes on the Supply-Siders

Since the days of Reagan, America has been chasing a Theory.

Since the Clinton era, and the rise of NAFTA and Global Free Trade, our “Corporate Leaders” have been conducting an unprecedented Social Experiment.

The Experiment: Economic Darwinism

The Test Subjects in this Experiment: none other than American Workers and our “more competitive” counterparts, overseas.

Supply-siders have argued that Economic Growth comes from empowering Corporate Interests to become “More Productive”, by whatever means necessary. Be it “Tax-Give-aways to the Wealthy”, or “Job-Give-aways to Poor Foreigners”, well that's just fine with them, long is it results in Corporate Growth.

Supply-siders are happy to trade away American Dignity for the sake of short-term Profits: “American Workers just need some retraining. They just need to apply themselves.”

We just need to learn to Adapt”(to Global Markets?)

That's the Theory, that's the Spin.  What are the Results of this on-going plan to outsource the American Dream?

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The Edwards Tax Plan: Reward Work -- Not Wealth

The old saying goes:

“The only things Inevitable in Life, are Death and Taxes!”

These are both unpleasant subjects, and since political candidates can’t really do a lot about one, this diary will be exploring the other — Taxes.

John Edwards has based his campaign on hard hitting messages about the need for “Economic Parity” in our Country — this Diary will be taking a serious look at what Edwards will do about Taxes.

The Senator often says “I do not wanting to live in a Country made up of the Super-Rich and Everybody Else!”  

That’s not the America we all grew up in. Each year achieving the American Dream becomes more and more difficult. What are working people to do, in this society of Haves and Have-Nots?

Is John’s tough Campaign Rhetoric just Talk, or does he actually have the Plans to Back it up?

Turn the page, to see where the “Rhetoric meet Reality” when it comes to that annual April Ritual, most hard-working American love to hate — spelled I.R.S.

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What Is "Strength Through Peace"?

What I want to do is explain what Dennis Kucinich is offering our country right now when he talks about “Strength through Peace”; to get a better understanding of what he means by peace and how it will make our country stronger as a whole. We need to understand that creating peace is not simply some idealistic hope for ending wars, but rather a very pragmatic plan that builds relationships based upon fairness and justice and which, predictably, reduces the likelihood of hostilities that lead to crimes, violence and wars. I want people to start seeing peace as a balance, not only in our foreign relationships, but here at home as well; a balance in the economy, a balance in healthcare, in education and government. And I want others to understand peace as paying us a dividend, that peace is a practical investment in our future. But, I want to begin by looking at where we are. Where is America right now?

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The Case for Bill Richardson: Leadership for America

This diary is part of the candidate series for Bill Richardson on MyDD.  I am not part of his campaign.

Congressman, U.S. Ambassador to the United Nations, Secretary of Energy and in his second term as Governor of New Mexico after a landslide victory in November 2006, Governor Bill Richardson is running for President to heal America and restore our place in the world. He possesses the experience, vision and leadership skills to be a great President.

Richardson is goal-oriented, assertive and confident. He has the ability to quickly evaluate a situation but is not rigid in his thinking and will modify policy when necessary. He takes a practical approach to governing, focusing on solutions to problems rather than ideology.

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Bill Richardson Roundup: June 23-30, 2007 News Review

Highlighting his considerable foreign expertise, Governor Bill Richardson last week set forth a path to avoiding military confrontation with Iran over its nuclear program. Richardson called on Bush administration to stop threatening Iran with “incendiary rhetoric,” and instead recognize our interests in engaging Iran diplomatically.

Richardson's week ended with a well-received speech before Latino leaders in Florida. Decrying the tone of the debate in the Senate on the immigration bill and how Latinos are portrayed in the media, Richardson asked:

Do you notice that when they depict immigrants, they have someone crossing a wall, jumping as if they are criminals? How about the farmers who break their backs working or those who are cleaning the toilets and working at the hotel where we stay? How about the American media covering the immigrant who died protecting his country?

Also of note, Pollster.com added Richardson to its Top Democrats charts, joining Clinton, Obama and Edwards. Charles Franklin of Pollster.com stated, “For other Democratic candidates, we've not seen a substantial upturn anywhere. Richardson stands alone in that respect at the moment.”

For a full review of Richardson's week, continue reading.

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News flash: new retail around Jordan Creek hurts older business districts

In one of the least surprising stories I've seen lately, the Des Moines Register reported on Saturday that retail sales increased by 500 percent between 2004 and 2006 in the parts of West Des Moines that are in Dallas County (around the Jordan Creek mall, which opened in 2004, and the several other strip malls in the area).

“We knew this was going on, but we didn't know the magnitude of losses, especially to the city of Des Moines,” said David Swenson, a research scientist and economist at ISU, who completed the study with Liesl Eathington, an ISU economist.

It was obvious from the beginning that Jordan Creek and the explosion of big box stores were going to hurt business at existing shopping malls and strip malls in the metro area.

Mall officials had said Jordan Creek would draw shoppers from at least a 100-mile radius, but the declines in nearby cities suggest that the booming retail center in West Des Moines is adding shoppers at the expense of places like Des Moines, the portion of West Des Moines that sits in Polk County, Perry, Guthrie Center, Earlham and Adel.

The shift in shopping patterns has also siphoned away local-option sales tax revenue from Polk County school districts.

Thanks to these economists for pointing out the direct connection between the explosion of new retail in Dallas County and the funding shortfalls of school districts in Polk County. The Des Moines Public Schools have been most affected, but even the West Des Moines School District has had to cut back on some school renovation plans because of funding shortfalls.

One thing I would have liked to see in this article is some detail about how much taxpayer money has gone to subsidize the sprawl in the Jordan Creek area.

Polk County residents might have some clue that the new shopping out west is hurting the older malls and businesses in the metro area, but are they aware that they have paid for much of the infrastructure supporting these new shopping centers west of Des Moines?

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