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	<title><![CDATA[Grist - Comment Feed for The economic crisis should prompt more green infrastructure spending, not less]]></title>
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            <title>Comment #1 by Russ</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 05:05:02 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/1</guid>
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				<p><strong>The three Es:</strong></p><p>Environment (engaging climate change); Energy (becoming less dependent on oil imports; becoming less dependent on oil period); Economy (ameliorating the effects of the recession and providing the basis for a sustainable economy, as we see how the exponential debt economy teeters on the verge of absolute and permanent collapse) -</p><p>
These are now the same issue, and can all be tackled by the same programme: a keynesian new New Deal for energy and farming. Renewables, efficiency-maximizing infrastructure and policy, assistance toward food localization and permaculture.</p><p>
What will this give us? Sustainable good jobs, a far more robust grid and food distribution system, cleaner air and water, the renaissance of vibrant and beautiful ecosystems, a healthier diet, and eventually a lower cost of living for a higher quality of living. </p><p>
Most of all, a sense of purpose, a vision around which a true community and society could cohere. </p>
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				<p><strong>The three Es:</strong></p><p>Environment (engaging climate change); Energy (becoming less dependent on oil imports; becoming less dependent on oil period); Economy (ameliorating the effects of the recession and providing the basis for a sustainable economy, as we see how the exponential debt economy teeters on the verge of absolute and permanent collapse) -</p><p>
These are now the same issue, and can all be tackled by the same programme: a keynesian new New Deal for energy and farming. Renewables, efficiency-maximizing infrastructure and policy, assistance toward food localization and permaculture.</p><p>
What will this give us? Sustainable good jobs, a far more robust grid and food distribution system, cleaner air and water, the renaissance of vibrant and beautiful ecosystems, a healthier diet, and eventually a lower cost of living for a higher quality of living. </p><p>
Most of all, a sense of purpose, a vision around which a true community and society could cohere. </p>
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            <title>Comment #2 by Jon Rynn</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 05:24:24 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/2</guid>
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				<p><strong>If we don't have the money for climate...<p>why do we have the money for the bailout? &nbsp;For the Iraq war? &nbsp;For the 600 billion for the regular military budget, per James Carrol? <p>
How come the global economy all of a sudden got together and <a href="http://counterpunch.com/floyd10132008.html" rel="nofollow">came up with trillions? &nbsp;I thought climate change mitigation was too expensive because it would cost trillions. &nbsp;For the financial system, sure, but to save Shanghai, Florida and Calcutta, no can do?</a></p></p></strong></p>
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				<p><strong>If we don't have the money for climate...<p>why do we have the money for the bailout? &nbsp;For the Iraq war? &nbsp;For the 600 billion for the regular military budget, per James Carrol? <p>
How come the global economy all of a sudden got together and <a href="http://counterpunch.com/floyd10132008.html" rel="nofollow">came up with trillions? &nbsp;I thought climate change mitigation was too expensive because it would cost trillions. &nbsp;For the financial system, sure, but to save Shanghai, Florida and Calcutta, no can do?</a></p></p></strong></p>
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            <title>Comment #3 by Sean Casten</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 05:40:33 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/3</guid>
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				<p><strong>To be fair</strong></p><p>And while I largely agree with you, David, I'm not sure that tax cuts vs. gov't spending are evaluated solely on the basis of economic priming. &nbsp;(Hell, George W. advocated his tax cuts first because the economy was doing so well and then later because it was doing poorly!)</p><p>
Amongst the more economically literate though, there is a valid argument that says that (a) in the short-term, government spending stimulates more activity than tax cuts, but (b) in the long-term, economic growth is best served by a smaller government where entrepreneurs can flourish. &nbsp;The latter case is encouraged with a much broader swathe of tools than just tax policy, but it is at odds with long-term increases in government spending as a % of GDP.</p><p>
As I said, I don't disagree with your basic point in the short-term - just that one ought not lose sight of long-term economic impacts either, or of the fact that those who argue in favor of tax cuts instead of increased spending are not always doing solely on the basis of short-term economic stimuli.</p>
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				<p><strong>To be fair</strong></p><p>And while I largely agree with you, David, I'm not sure that tax cuts vs. gov't spending are evaluated solely on the basis of economic priming. &nbsp;(Hell, George W. advocated his tax cuts first because the economy was doing so well and then later because it was doing poorly!)</p><p>
Amongst the more economically literate though, there is a valid argument that says that (a) in the short-term, government spending stimulates more activity than tax cuts, but (b) in the long-term, economic growth is best served by a smaller government where entrepreneurs can flourish. &nbsp;The latter case is encouraged with a much broader swathe of tools than just tax policy, but it is at odds with long-term increases in government spending as a % of GDP.</p><p>
As I said, I don't disagree with your basic point in the short-term - just that one ought not lose sight of long-term economic impacts either, or of the fact that those who argue in favor of tax cuts instead of increased spending are not always doing solely on the basis of short-term economic stimuli.</p>
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            <title>Comment #4 by Jon Rynn</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 05:46:36 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/4</guid>
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				<p><strong>But there won't be any growth</strong></p><p>if your state is under water.</p>
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				<p><strong>But there won't be any growth</strong></p><p>if your state is under water.</p>
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            <title>Comment #5 by zencarver</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 05:50:40 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/5</guid>
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				<p><strong>Referencing Orson Scott Card...</strong></p><p>...really brings out the pessimist in me. &nbsp;Speaker For The Dead, David?</p>
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				<p><strong>Referencing Orson Scott Card...</strong></p><p>...really brings out the pessimist in me. &nbsp;Speaker For The Dead, David?</p>
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            <title>Comment #6 by Erik Hoffner</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 07:29:27 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/6</guid>
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				<p><strong>efficiency<p>Agreed, David, makes good sense. Efficiency could also soak up some much needed dough and pay good dividends.<p>
I was just in Poland for a while, and there's no investment whatsoever in renewables so far as I could see, a couple wind generators is all that was visible.<p>
But I didn't see many incandescent light bulbs. CFLs are the rule.<p>
Erik

<p><a href="http://www.orionsociety.org/ogn" rel="nofollow">The Orion Grassroots Network: supporting grassroots groups working for conservation, justice, &amp; more
</a></p></p></p></p></p></strong></p>
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				<p><strong>efficiency<p>Agreed, David, makes good sense. Efficiency could also soak up some much needed dough and pay good dividends.<p>
I was just in Poland for a while, and there's no investment whatsoever in renewables so far as I could see, a couple wind generators is all that was visible.<p>
But I didn't see many incandescent light bulbs. CFLs are the rule.<p>
Erik

<p><a href="http://www.orionsociety.org/ogn" rel="nofollow">The Orion Grassroots Network: supporting grassroots groups working for conservation, justice, &amp; more
</a></p></p></p></p></p></strong></p>
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            <title>Comment #7 by Gar Lipow</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Mon, 13 Oct 2008 09:04:36 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/7</guid>
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				<p><strong>&quot;Economically Literate&quot;</strong></p><p><br>
Amongst the more economically literate though, there is a valid argument that says that (a) in the short-term, government spending stimulates more activity than tax cuts, but (b) in the long-term, economic growth is best served by a smaller government where entrepreneurs can flourish. &nbsp;The latter case is encouraged with a much broader swathe of tools than just tax policy, but it is at odds with long-term increases in government spending as a % of GDP.<br>
</p><p>
As opposed to economically illiterate folks like Warren Buffet, James Galbraith, Paul Krugman and Robert Riech? Really, when giving your opinion you don't need to implicitly call people who disagree people with you names. &nbsp;The fact is a hell of a lot of this nation's long term economic growth tool place when the taxes were a high percent of GDP. </br></br></p>
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				<p><strong>&quot;Economically Literate&quot;</strong></p><p><br>
Amongst the more economically literate though, there is a valid argument that says that (a) in the short-term, government spending stimulates more activity than tax cuts, but (b) in the long-term, economic growth is best served by a smaller government where entrepreneurs can flourish. &nbsp;The latter case is encouraged with a much broader swathe of tools than just tax policy, but it is at odds with long-term increases in government spending as a % of GDP.<br>
</p><p>
As opposed to economically illiterate folks like Warren Buffet, James Galbraith, Paul Krugman and Robert Riech? Really, when giving your opinion you don't need to implicitly call people who disagree people with you names. &nbsp;The fact is a hell of a lot of this nation's long term economic growth tool place when the taxes were a high percent of GDP. </br></br></p>
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            <title>Comment #8 by Jesse Jenkins</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Tue, 14 Oct 2008 04:32:12 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/8</guid>
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				<p><strong>Investment Yes, Cap and Dividend No<p>David,<p>
Excellent post. &nbsp;I think you are exactly right that a new era of Keynesian economic spending could be our best - if not only - hope of advancing serious action to curb emissions growth in the next year. &nbsp;But only if we focus on direct investments that both stimulates the economy and helps drive climate solutions: i.e. the massive deployment of clean energy technologies and a dramatic increase in end-use energy efficiency.<p>
Unfortunately, Eric Pooley, who's "Save the Economy, Save the Planet" piece you link to, gets the analysis of the political climate right but the strategy wrong. &nbsp;Pooley prescribes a full-on Cap and Dividend program as the right strategy, which is an approach I fear is full of folly in today's political climate.<p>
I've explained my concerns with Cap and Dividend here, and welcome any comments and/or defense of this strategy: "<a href="http://thebreakthrough.org/blog/2008/10/cap_and_dividend_sorry_wrong_a.shtml" rel="nofollow">Cap and Dividend? Sorry, Wrong Answer"<p>
Keep up the good writing,<p>
Jesse Jenkins<br>
<a href="http://watthead.blogpost.com" rel="nofollow">WattHead - Energy News and Commentary<br>
<a href="http://thebreakthrough.org" rel="nofollow">The Breakthrough Institute

<p>Jesse Jenkins
_____________________
WattHead - Energy News and Commentary
<a href="http://watthead.blogspot.com" rel="nofollow">http://watthead.blogspot.com</a></p></a></br></a></br></p></p></a></p></p></p></p></strong></p>
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				<p><strong>Investment Yes, Cap and Dividend No<p>David,<p>
Excellent post. &nbsp;I think you are exactly right that a new era of Keynesian economic spending could be our best - if not only - hope of advancing serious action to curb emissions growth in the next year. &nbsp;But only if we focus on direct investments that both stimulates the economy and helps drive climate solutions: i.e. the massive deployment of clean energy technologies and a dramatic increase in end-use energy efficiency.<p>
Unfortunately, Eric Pooley, who's "Save the Economy, Save the Planet" piece you link to, gets the analysis of the political climate right but the strategy wrong. &nbsp;Pooley prescribes a full-on Cap and Dividend program as the right strategy, which is an approach I fear is full of folly in today's political climate.<p>
I've explained my concerns with Cap and Dividend here, and welcome any comments and/or defense of this strategy: "<a href="http://thebreakthrough.org/blog/2008/10/cap_and_dividend_sorry_wrong_a.shtml" rel="nofollow">Cap and Dividend? Sorry, Wrong Answer"<p>
Keep up the good writing,<p>
Jesse Jenkins<br>
<a href="http://watthead.blogpost.com" rel="nofollow">WattHead - Energy News and Commentary<br>
<a href="http://thebreakthrough.org" rel="nofollow">The Breakthrough Institute

<p>Jesse Jenkins
_____________________
WattHead - Energy News and Commentary
<a href="http://watthead.blogspot.com" rel="nofollow">http://watthead.blogspot.com</a></p></a></br></a></br></p></p></a></p></p></p></p></strong></p>
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            <title>Comment #9 by Sean Casten</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Tue, 14 Oct 2008 14:10:23 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/9</guid>
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				<p><strong>Gar</strong></p><p>No need to get so cranky!</p><p>
Let's review what I said:</p><p>


There is a valid argument (note: I did not say universal) that long-term economic growth requires small government, even while short term economic growth requires government stimulus. &nbsp;One may agree or disagree with this perspective, but still acknowledge that it exists. &nbsp;My point in raising this to David's initial post is that except amongst the most rabid polemicists, I don't think the comparison of deficit spending vs. deficit belt-tightening is based on long-term economic considerations, but rather on short-term stimuli. &nbsp;This is consistent with David's table that shows one-year changes in GDP. &nbsp;But the reasonable arguments for small government - which I accept you disagree with, but that doesn't mean they aren't well reasoned - are typically not made based on short-term stimuli, but on the long-term impacts of an economy that is dependent on government investment. &nbsp;</p><p>
I didn't say taxes as a high percent of GDP. &nbsp;I said government spending. &nbsp;Not the same. &nbsp;In fact, government spending as a % of GDP has tended to be highest during republican administrations of late - part of why fiscal conservatives are uncomfortable with the party. &nbsp;Not that that matters, but I doubt you are suggesting that the massive increase in the size of government under Bush is good for long-term (or short term) economic growth.

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				<p><strong>Gar</strong></p><p>No need to get so cranky!</p><p>
Let's review what I said:</p><p>


There is a valid argument (note: I did not say universal) that long-term economic growth requires small government, even while short term economic growth requires government stimulus. &nbsp;One may agree or disagree with this perspective, but still acknowledge that it exists. &nbsp;My point in raising this to David's initial post is that except amongst the most rabid polemicists, I don't think the comparison of deficit spending vs. deficit belt-tightening is based on long-term economic considerations, but rather on short-term stimuli. &nbsp;This is consistent with David's table that shows one-year changes in GDP. &nbsp;But the reasonable arguments for small government - which I accept you disagree with, but that doesn't mean they aren't well reasoned - are typically not made based on short-term stimuli, but on the long-term impacts of an economy that is dependent on government investment. &nbsp;</p><p>
I didn't say taxes as a high percent of GDP. &nbsp;I said government spending. &nbsp;Not the same. &nbsp;In fact, government spending as a % of GDP has tended to be highest during republican administrations of late - part of why fiscal conservatives are uncomfortable with the party. &nbsp;Not that that matters, but I doubt you are suggesting that the massive increase in the size of government under Bush is good for long-term (or short term) economic growth.

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            <title>Comment #10 by Gar Lipow</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Tue, 14 Oct 2008 15:14:47 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/10</guid>
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				<p><strong>War and spending. </strong></p><p>&lt;block quote&gt;<br>
Not that that matters, but I doubt you are suggesting that the massive increase in the size of government under Bush is good for long-term (or short term) economic growth. <br>
&lt;/block quote&gt<br>
Sure, but it was not the size, but how it was wasted. If we'd put what Bush spent on war and tax cuts into green investment I think we'd be a lot better off than we are today. And the people I cited are saying much the same thing. <br>
</p><p>
As to crankiness, if you say something provocative, you should not complain when people are provoked. You did not say "some economically literate people". You said "the economically literate." I take it that this was clumsy phrasing, and that you did NOT mean to imply that people like Stiglitz and Galbraith who do in fact argue for long term large scale government investment and spending, not just short &nbsp;term stimulus &nbsp;are economically illiterate. &nbsp; Not that you have to agree with them, but that you are not accusing them of economic illiteracy. </br></br></br></br></p>
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				<p><strong>War and spending. </strong></p><p>&lt;block quote&gt;<br>
Not that that matters, but I doubt you are suggesting that the massive increase in the size of government under Bush is good for long-term (or short term) economic growth. <br>
&lt;/block quote&gt<br>
Sure, but it was not the size, but how it was wasted. If we'd put what Bush spent on war and tax cuts into green investment I think we'd be a lot better off than we are today. And the people I cited are saying much the same thing. <br>
</p><p>
As to crankiness, if you say something provocative, you should not complain when people are provoked. You did not say "some economically literate people". You said "the economically literate." I take it that this was clumsy phrasing, and that you did NOT mean to imply that people like Stiglitz and Galbraith who do in fact argue for long term large scale government investment and spending, not just short &nbsp;term stimulus &nbsp;are economically illiterate. &nbsp; Not that you have to agree with them, but that you are not accusing them of economic illiteracy. </br></br></br></br></p>
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            <title>Comment #11 by Sean Casten</title>
			<link>http://www.grist.org/article/spenders-game/</link>
			<pubDate>Thu, 16 Oct 2008 01:20:47 -0700</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/spenders-game/11</guid>
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				<p><strong>Gar - in the name of future clarity</strong></p><p>Let me state clearly for the record that I never claim that all economically literate people agree on economic causes or effects. &nbsp;There are economically literate folks on the left and the right and so long as economics remains as much or more art than science, it will ever be thus. &nbsp;(The old joke about lining up all the worlds economists and never reaching a conclusion has it right!)</p><p>
My point about economic literacy is not to bash the right or left, but simply to differentiate those who reach reasoned conclusions (no matter how different they may be) from those who are simply polemicists, arguing that tax hikes are always bad or increased gov't spending is always good - or that what's economically good in the short term is identical to that which is economically good in the long-term.</p>
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				<p><strong>Gar - in the name of future clarity</strong></p><p>Let me state clearly for the record that I never claim that all economically literate people agree on economic causes or effects. &nbsp;There are economically literate folks on the left and the right and so long as economics remains as much or more art than science, it will ever be thus. &nbsp;(The old joke about lining up all the worlds economists and never reaching a conclusion has it right!)</p><p>
My point about economic literacy is not to bash the right or left, but simply to differentiate those who reach reasoned conclusions (no matter how different they may be) from those who are simply polemicists, arguing that tax hikes are always bad or increased gov't spending is always good - or that what's economically good in the short term is identical to that which is economically good in the long-term.</p>
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