David Cozad
is a Green Dog Democrat!
David believes there is a Green Industrial Revolution just around the corner. He wants that revolution to happen in the 6th District. There will be Green jobs for the people in this district.
He will use the skills developed over the years to bring high paying jobs and opportunity to keep those jobs.
is a Green Dog Democrat!
David believes there is a Green Industrial Revolution just around the corner. He wants that revolution to happen in the 6th District. There will be Green jobs for the people in this district.
He will use the skills developed over the years to bring high paying jobs and opportunity to keep those jobs.
Paid for by Cozad for Congress
The Economy
Greed is Good! Not!
Greed is Good! Not!
The Problem:
The economy of this great country has been severely wounded by a creed that is widely held by Wall Street and its top management. The creed is “Greed is good!”. Greed is supposed to be the driving force behind capitalism and commerce. Wall Street started to think it was the reason for the country’s existence. Main Street existed to supply ever more cash for Wall Street’s game of greed and avarice.
I disagree! And as I have been finding out, so do many of the economists in academia and even those on Wall Street. But they were overwhelmed and silenced by the Players of the Game of Greed. Main Street does not exist as a pawn in a Wall Street game. Wall Street is an extension of Main Street. Wall Street exists to serve Main Street.
Achievement is the more enduring force behind the past successes of Wall Street. The problem is that a number of super achievers started measuring achievement by how much cash they could accumulate by wringing it out of their competitors or anyone else that got involved. Around the year 2000, the financial services became the hot bed of this lust for cash no matter where it came from; your 401(k), your pension, your home mortgage, etc. At this time, Republicans began to dismantle the safeguards against greed and stupidity with a faulty belief in Free Markets and massive deregulation. When the Bush administration came into office, they opened the flood gates.
The Solution:
We must close the floodgates of financial stupidity that resulted in the Bush Great Recession. The Obama administration is already trying to close them, but memories are short lived on Wall Street and gratitude is even shorter lived. Wall Street is already spending tens of millions of dollars to keep the Obama administration from cutting them off from the gravy train. President Obama is going to need as many, untainted by Wall Street, Democrats in Congress to pass regulations to keep our financial systems safe for Main Street.
What are the financial stupidities? Here is a short list that had been generated by financial experts that I have been listening to for the past year or so:
The economy of this great country has been severely wounded by a creed that is widely held by Wall Street and its top management. The creed is “Greed is good!”. Greed is supposed to be the driving force behind capitalism and commerce. Wall Street started to think it was the reason for the country’s existence. Main Street existed to supply ever more cash for Wall Street’s game of greed and avarice.
I disagree! And as I have been finding out, so do many of the economists in academia and even those on Wall Street. But they were overwhelmed and silenced by the Players of the Game of Greed. Main Street does not exist as a pawn in a Wall Street game. Wall Street is an extension of Main Street. Wall Street exists to serve Main Street.
Achievement is the more enduring force behind the past successes of Wall Street. The problem is that a number of super achievers started measuring achievement by how much cash they could accumulate by wringing it out of their competitors or anyone else that got involved. Around the year 2000, the financial services became the hot bed of this lust for cash no matter where it came from; your 401(k), your pension, your home mortgage, etc. At this time, Republicans began to dismantle the safeguards against greed and stupidity with a faulty belief in Free Markets and massive deregulation. When the Bush administration came into office, they opened the flood gates.
The Solution:
We must close the floodgates of financial stupidity that resulted in the Bush Great Recession. The Obama administration is already trying to close them, but memories are short lived on Wall Street and gratitude is even shorter lived. Wall Street is already spending tens of millions of dollars to keep the Obama administration from cutting them off from the gravy train. President Obama is going to need as many, untainted by Wall Street, Democrats in Congress to pass regulations to keep our financial systems safe for Main Street.
What are the financial stupidities? Here is a short list that had been generated by financial experts that I have been listening to for the past year or so:
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Removing the barrier between investment banks and commercial banks is at the top of the list.
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Deregulating the entire set of derivatives and barring even inquiries into their nature and operations.
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Deregulating/de-
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Insolating corporate officers compensation packages from review and approval by shareholders
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Free trade instead of fair trade has caused the loss of millions of good paying jobs being off shored to ever cheaper labor pools.
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Forgetting the rule that cheap labor means poor quality
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A balanced budget is a great budget
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Deficit and spend is far worse than tax and spend
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As the list indicates, the number of financial stupidities is long and will require much hard work to fix. The Obama administration is already hard at work to fix these problems, but the work will not be done until long after the next election cycle. I intend to be there to help find and implement those fixes.
The Volcker Rule (which corrects the item at the top of the list) is currently working through the US Senate during June 2010. It is meeting intense opposition.
The Volcker Rule (which corrects the item at the top of the list) is currently working through the US Senate during June 2010. It is meeting intense opposition.
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