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How to Unparalyze Us
New York Times, by Thomas L. Friedman

Original Article

Posted By:LittleHoodedMonk, 2/16/2013 2:34:13 PM

I was struck by one particular moment during President Obama’s State of the Union address. The president proposed a $1 billion investment to build a new National Network for Manufacturing Innovation to spur high-tech manufacturing in America. (Snip) Message: There is no doubt our economy is primarily being held back by the deleveraging and drop in demand that resulted from the 2008 financial crisis. But they are being reinforced today by uncertainty and worry that we do not have our political house in order and, therefore, our tax, regulatory, pension and entitlement frameworks

It seems that Mr. Friedman was sitting in the gallery next to Tim Cook from Apple. Unknowenly, Tom points out that Tim, like many other CEO´s are all sitting on BILLIONS, waiting for the economy to make financial success for them to invest. And, under any 0bama take from the rich and give to whoever, it won´t happen. So, 0bama has to go to Congress to beg for money to open yet another "office," for another "Czar." Meanwhile, it´s the conservative GOP that is holding back the workforce... Right.


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Reply 1 - Posted by: juststop, 2/16/2013 2:42:56 PM     (No. 9180373)

I was recently told by a Venture capitalist, in California, that business owners are sitting on $12 Trillion dollars, waiting for the one to leave office.

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Reply 2 - Posted by: krause, 2/16/2013 2:52:33 PM     (No. 9180397)

Living within your means is now a "lurch to the far right."

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Reply 3 - Posted by: tc1969, 2/16/2013 2:52:58 PM     (No. 9180400)

Okay, now I guess that we can get started-Tom Friedman has spoken. Everybody knows that he´s just about (save for One) the smartest man on earth.
Whew, I feel better now.

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Reply 4 - Posted by: djcdjc, 2/16/2013 2:53:54 PM     (No. 9180403)


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Reply 5 - Posted by: oh-heck, 2/16/2013 2:56:59 PM     (No. 9180408)

The oil drilling firms in TX have no trouble raising capital. Nor do the pipe manufacturers. Nor is it a problem for companies that separate natural gas liquids from natural gas. Nor the companies putting in crackers to turn gas liquids into feedstocks for plastics. Nor for companies building rail cars to ship oil from ND and TX. I´d bet there is an inverse correlation between government involvement and capital availability.

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Reply 6 - Posted by: wsdiego, 2/16/2013 3:27:18 PM     (No. 9180445)


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Reply 7 - Posted by: southron, 2/16/2013 3:32:52 PM     (No. 9180454)

How much longer can the NYT stay afloat - surely it will sink soon.

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Reply 8 - Posted by: bubby, 2/16/2013 3:35:13 PM     (No. 9180455)

#1 If that is true they will still be sitting on it after 2016 because Hillary will be the next President and she will be just as bad if not worse than obama. The Democrats with the support of the Republicans will grant amnesty to all the illegals ensuring they will are be eligible to vote in 2016. With the illegal vote, voter fraud and media hyping that idiot Hillary as the world´s brightest women we´re screwed.

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Reply 9 - Posted by: veritas, 2/16/2013 3:43:24 PM     (No. 9180461)

FTA: The president proposed a $1 billion investment to build a new National Network....

´Til you understand that "investment" and "spending" are totally different things, please don´t try "explaining" anything.

FTA: But they are being reinforced today by uncertainty and worry that we do not have our political house in order and, therefore, our tax, regulatory, pension and entitlement [systems]....

IOW, Tommie, though you haven´t really figgered it out, they´re not stoopit enough to bet large chunks of a company, the whole company even [circumstances may make that the case], not knowing where, how, how much, or how expensively gov´t is going to interfere with the economy, their industry[ies], their corporate incomes, and so on.

So yeah, they´re on the sidelines. At least that has some life expectancy.

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Reply 10 - Posted by: tnorling, 2/16/2013 3:59:30 PM     (No. 9180477)

Thank you #5 you made my day. Exactly.

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Reply 11 - Posted by: fleetusa, 2/16/2013 5:03:08 PM     (No. 9180583)

Yep, lurch to the right. Just the culprit for NYT dummies. Choom doesn´t like to negotiate because whenever he really gets into a negotiation his libs feels he loses. Choom would rather dictate results and let the economy keep drifting while blaming it all on those terrible rightwingers.

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Reply 12 - Posted by: Bluebonnet, 2/16/2013 5:06:23 PM     (No. 9180588)

To try to maintain whatever semblance of sanity I have left, I do not read/listen to Thomas Friedman or Paul - the former adviser to ENRON who received a Nobel Prize in ECONOMICS - Krugman.

Seriously. Is there ANYONE with any economic sense that can swallow their bilge?

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Reply 13 - Posted by: federale, 2/16/2013 5:10:05 PM     (No. 9180598)

OK Tom, but what if Obama´s real goal is to continue income redistribution with the purpose of making all Americans equal in their misery -- like Cubans.

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Reply 14 - Posted by: Blue-Z-Anna, 2/16/2013 5:32:55 PM     (No. 9180622)

FTA- - - - - - - - -

What to do? To be sure, the G.O.P.’s lurch to the far right has been more responsible for this paralysis than the Democrats, but Barack Obama is president. He wants to succeed.

This is the foolish and defensive speculation of a committed liberal.

There is no evidence to support this assertion.

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Reply 15 - Posted by: lakerman1, 2/16/2013 5:33:35 PM     (No. 9180624)

I earned my B.S. in Business Administration from a major university in 1964. Business majors had to take 60 semester hours of business courses,and the other 60 hours had to be taken in non business subjects.
And as part of the business courses, every student had to take two courses in production management. That is, how to build stuff in a factory.
By the 1980s, production management disappeared from the curriculum. In place of it was corporate finance, money and banking, stuff related to making big bucks quickly, by manipulating money.
I doubt the president has any clue about setting up innovation centers at universities. It is just one more way to throw tax money at a preceived problem.

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Reply 16 - Posted by: Okie 52, 2/16/2013 5:39:46 PM     (No. 9180632)

FTA: "First, new investments that would combine immediate jobs in infrastructure with some long-term growth-enablers like a massive build-out in the nation’s high-speed broadband capabilities."

What a bunch of gobbled-goop. TF doesn´t have a flipping clue as to what these words mean-he just thinks they sound smart. They mean zero, zip, nada. Oh, and we need todo this in 2013-right now. Chop chop.
What a maroon!

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Reply 17 - Posted by: jdmii, 2/16/2013 6:43:54 PM     (No. 9180712)

Investing in imaginary projects is exactly what Bernie Madoff told his suckers. Obama is the Bernie Madoff of politics.

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Reply 18 - Posted by: chance_232, 2/16/2013 7:04:58 PM     (No. 9180734)

I dont listen too, read, or take "Economic" advice from democrats, socialists, or communists. And I especially ignore Friedman, Krugman and Robert Reich

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Reply 19 - Posted by: hotcorner, 2/16/2013 7:20:22 PM     (No. 9180746)

Friedman, as usual, lives in an alternative universe. Obama has no interest in growing the economy, reducing unemployment or getting investors off the sidelines. His goal is redistribution and making wealthier Americans poor for which he is rather good at. The New York Times will be looking for a government bailout with writers like Friedman. This piece could have been a high school kid´s essay.

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Reply 20 - Posted by: doctorfixit, 2/16/2013 8:43:59 PM     (No. 9180797)

I think the word "investment" should carry for liberals the same public revulsion as the use of the "N" word by anyone.

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Reply 21 - Posted by: VAfreedomluver, 2/16/2013 8:44:35 PM     (No. 9180799)

This is the same dope who thinks China´s authoritarian politics and their crony-fueled economy are just dandy.

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Reply 22 - Posted by: Penney, 2/16/2013 9:25:03 PM     (No. 9180824)

There he goes again! ...Little Tommy ´Tucker´ Friedman, ´sings for his supper,´ as it were? He will probably show up yet again next week on one of his regular theatrical appearances on the Charlie Rose tax-funded pbs show.

Time to defund pbs/npr propaganda.

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Posted By: NorthernDog- 3/3/2014 6:23:14 PM     Post Reply
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