Virginia's Democrats have spoken. They have nominated a State Senator, Creigh Deeds, to take the fight to the Republicans. Some analysts have noted that the election is Virginia is a toss-up. But, I disagree. Virginia will stay in Democratic hands. I also think that the margin of Democrats in the House and the Senate will also increase. The Republican won't go down without a fight though. The Democrats seem to realize that.
As I have thought about and written about our Economic Winter, I have continued to see signs of "hope" and "recovery". I have not been following the stock market simply because it is not a good sign. The Vice President had an interview on CNN today and he said flat out that job losses will continue at least through the end of the year.
Of all the economists out there, I regard two Economists as the ones I would be listening to going forward. I have just reviewed Nouriel Roubini's Comments at a gathering in Toronto. I also listened to Paul Krugeman as well. They are both in unisom in noting how bad things continue to be. There is light at the end of the tunnel and I do believe that it will pass. I don't know when this will happen, though.
The struggle continues.......
Dick Morris is a savvy guy. I got his latest pronoucement on a repeal of The U.S. Declaration of Indepndence. What Dick and the rest of the crowd he hangs around with fail to realize that the so-called system we have had for the past 30 years has failed. It has failed miserably. Regulators were asleep at the wheel. Maddoff and Sanford were just extreme examples. What about Citigroup? What about Bank of America?
What Dick and the rest of the paranoid crowd who think that we're on the way to Socialism ignore the fact that those on the left are hammering away at the actions being taken as inadequate. Those of the so-called left say that the Obama Adminstration is working to basically repair a broken, flawed and inadqueate system. Instead of calling everybody Socialist and advocating doing nothing, there needs to be a concerted worldwide action to live through the Great Recession. Anything else is irresponsible. The pundits can have their say. It will ben entertaining reading--nothing more!!!
Tavis Smiley, The African-American Radio & TV Personality, has moderated The State of the Black Union for 10 years. I caught a glimpse of it on C-Span on Saturday. There were a number of leading African American Participants on a panel talking about civil rights and the obligations of African Americans not to "rest" now the Barack Obama was President. Rather, they all seemed to agree that the real work and the struggle continues.
Al Sharpton was his usual, vocal self. There was one comment he made that I think was true and "right on". He related the story of a discussion he had with a conservative African American. The gentleman noted that he rose to the level he had because of his impressive resume and Civil Rights had nothing to do with his achievements. True to form, Al Sharpton's response to him was that Civil rights did not get you to where you are today, but Civil Rights was the reason that you resume was reviewed and the opportunities was given to you. When he said it, the entire audience rose up to applaud him, including Michael Steele, the new Chair of the Republican National Committee. It is the greatest legacy of Civil Rights and the struggle and sacrifice of African Americans beginning with Fredrick Douglas onward so that all Americans will have an equal chance to succeed.
I reported on the nomination of Hilda Solis to be Secretary of Labor. I read reports that her nomination was held up due to her husband's tax problems. My reaction to this report was "good grief". Although Senator Kennedy seems to continue to support her, I think that she should not be railroaded.
Her background, in my view, makes her perfectly suited to be able to insure that the workers of America have an effective to play. I believe that she will be confirmed so that the business of the American Worker can be pursued in the most forceful way possible.
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Mike Pouraryan
