Welcome, Guest.
Please login or register.
America soft?
Rotterdam NY...the people's voice    Rotterdam's Virtual Internet Community    ....And In The Rest Of The Country  ›  America soft? Moderators: Admin
Users Browsing Forum
No Members and 127 Guests

America soft?  This thread currently has 586 views. |
1 Pages 1 Recommend Thread
senders
October 9, 2011, 2:14pm Report to Moderator
Hero Member
Posts
29,348
Reputation
70.97%
Reputation Score
+22 / -9
Time Online
1574 days 2 hours 22 minutes


































Quoted Text
America is getting soft


By Fareed Zakaria, CNN

Barack Obama has apparently committed blasphemy. In an interview in Florida last week, he dared to say that America had gotten "soft." The denunciations came in fast and furious from the right. Rick Perry said, “Americans are plenty tough. What we've got is a soft President.” Romney added, "It's not that we have become soft. It's that he's on our shoulders and is too heavy."

If you watch the clip, here's what the president really said:


"The way I think about it is, you know, this is a great, great country that had gotten a little soft and, you know, we didn't have that same competitive edge that we needed over the last couple of decades. We need to get back on track."

Isn't this self-evidently true? And isn’t this what conservatives have been saying for decades?

The evidence on the topic is pretty clear. The United States is slipping by most measures of global competitiveness. In category after category - actual venture capital funding, research and development - America has dropped well behind countries like Japan, South Korea and Sweden.

The Information Technology and Innovation Foundation measures 39 countries on their efforts to improve competitiveness over the last decade. America comes in next to last. Perhaps the most crucial measure of our ability to compete in a global economy is our educational levels, especially in science, math and engineering. A generation ago, America had the highest percent of college graduates in the world. Today we're ninth and falling. In 2004, only 6% of U.S. degrees were awarded in engineering, which is half the average for rich countries. In Japan it's 20% and in Germany it's 16%.

The great scholar, Daniel Bell, once summed up the essence of the Protestant ethic that had spawned industrial civilization - delayed gratification. The ability to save and invest today for a better tomorrow has been at the heart of every society's leap from poverty to plenty. America was a country marked by this ethic.

I'll give you three examples.

1.  In the 1950s, household debt was just 34% of disposable income; today it is 115% of disposable income.

2.  Over the same period, investments in infrastructure and R&D spending are both down by a full percent of GDP.

3. Today, the federal government spends four dollars on every adult over 65. Compare that with what we spend on children under 18 - just one dollar. Every level of government now spends less of its money investing for the future and more and more on consumption for the present.

Conservatives used to believe in confronting hard truths, not succumbing to comforting fairy tales. Some still do. In a bracing essay in the right-wing National Review, Peter Thiel, the co-founder of PayPal and a politically active libertarian, describes how America has, well, gone soft. He notes that the economy hasn't been performing well for decades and that median wages have been stagnating. He argues that the country's innovation culture has begun to decay, corroded by a widespread search for "easy progress" and quick fixes. "In our hearts and minds," Thiel writes," we know that desperate optimism will not save us."

That's just what the feel-good mantras you hear so often these days sounds like - desperate optimism.

For more on this read my column in this week's Time magazine or at Time.com. For more of my thoughts throughout the week, I invite you to follow me on Facebook and Twitter and to bookmark the Global Public Square. Also, for more of my takes, click here.


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

Logged Offline
Private Message
senders
October 9, 2011, 4:11pm Report to Moderator
Hero Member
Posts
29,348
Reputation
70.97%
Reputation Score
+22 / -9
Time Online
1574 days 2 hours 22 minutes
Quoted Text
Editor's note: Amitai Etzioni is a sociologist and professor of international relations at George Washington University and the author of several books, including "Security First" and "New Common Ground." He was a senior adviser to the Carter administration and has taught at Columbia and Harvard universities and the University of California, Berkeley.

(CNN) -- President Obama has repeatedly stated, "We are tougher than the times we live in." Although the president may not have intended to signal a whole new approach to our future, the line has Churchillian implications. Speaking of tough times, he could call on Americans to recognize we face at least a decade of rough sledding, ask us to face the challenges and express confidence that we shall prevail.

The tough times approach differs radically from the prevailing wisdom that if we merely did X, Y or Z, we would be rolling in clover again. All we need to do is cut deficits, reduce taxes some more and lighten up on regulations, and the nation will be back on the right course.

Others foresee the bottoming out of the housing market, within two years or so, as the turning point to recovery. Harvard economist Kenneth Rogoff argues that intentionally inflating the dollar is the "the only practical way to shorten the coming period of painful deleveraging and slow growth."

In general, politicians prefer President Reagan's manner, which was oozing with optimism. And they are leery of sounding like President Carter, who spoke of malaise and called for sacrifices.



Amitai Etzioni

But times have changed. The American people must be prepared for what is coming, or they will lash out with even more anger against failed promises. Take the most elementary issue: Nobody reasonable, on the right or the left, denies that we lived beyond our means for decades, financing our indulgence by taking loans from the Chinese, Japanese and British, among others, as well as hocking the assets of our future generations. Now the time has come that we must pay back, and that means reducing the deficit.

Such payback means, by definition, that while we once could float a lifestyle that cost, say, 120% of what we earned, now we shall have to do with lifestyle that costs, say, 80% of our income, with the rest going to pay down what we owe.

After decades of indulgence and accumulating debt, our accounts cannot be settled in a few years. According to a report in NPR, using recent Congressional Budget Office projections, the debt could reach $13 trillion in 10 years. Even if we get the "grand bargain" and $2 trillion to $4 trillion is cut, that means the 10-year deficit could still remain between $9 trillion and $11 trillion. True, we do not have to bring it down to zero, but we still have quite a burden with which to contend.

If we must pay for that deficit by raising taxes, we will have less money. If we must cut services, such as health care, to pay down the debt, people will have to buy these services themselves. And we should pay down our personal debt for our own future and that of our children.

That means for the next decade or even longer, Americans will have to do with less, from buying new clothes to going on vacations.

I am hardly the only one who foresees a "lost decade." A recent Atlantic magazine article argues that even by 2011, 2012, even 2014, the employment rate may decline very little and describes the current economic climate as "a trauma that will remain heavy for quite some time."

Heidi Shierholtz of the Economic Policy Institute predicts that "many factors are pushing against a quick recovery. ... Things will come back. But it's going to take a long time."

Frustration to such shortfalls is mounting. A recent Bloomberg poll found that 72% of the people who responded think the country is on the wrong course economically. The president's approval rating is tanking, but that of Congress is even lower. A New York Times/CBS poll found that only a paltry 12% of respondents approved of Congress.

As I see it, "Washington" can do relatively little to spare Americans at least 10 years of austerity. But, public leaders can prepare people for what is coming and make a virtue out of doing with less, of paying back what we owe even if it hurts — without implying that recovery is right around the corner or that something drastic can be done so we will not have to pay more taxes and do with less services.

If it turns out that Easy Street is much nearer than I expect, then people prepared for "tough times" will rejoice. But if they believe the economy will bounce back quickly, and in reality face prolonged austerity, we must expect even more angry outbursts.

We've avoided the violent demonstrations seen in Greece, the massive demonstrations against inequality seen in Tel Aviv and the random torching of cars common in riots in Germany, France or Britain. If Obama can speak candidly about the coming tough times and the shortfalls we all will have to accept as part of the cure, he may do better; we most assuredly will.


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

Logged Offline
Private Message Reply: 1 - 1
1 Pages 1 Recommend Thread
|


Thread Rating
There is currently no rating for this thread