PBS resources for teachers . . . (history, especially)

October 10, 2012

Too often I fear the conservative War on Public Broadcasting is really just an extension of their War on Education and War on Science.

PBS and NPR have the facts, and tell ’em, straight.  Poll after poll, year after year, PBS comes up as the “most trusted” news source in America, with NPR right up there.

Why would conservatives want to go after such a fine, accurate and useful institution?  They know the history, and they tell that, too.

Comes an e-mail today:

Invite your students to explore the challenges and triumphs of the U.S. Presidents with a collection of digital resources from PBS LearningMedia! Choose from thousands of free classroom-ready tools including videos, lesson plans, interactive games, and primary source documents. For anytime/anywhere access to social studies content and more – sign up today – it’s free!

Digital Resources

Tap into the excitement and energy of election season with PBS LearningMedia! Use these targeted resources to punctuate your lesson plan, instigate dialogue in the classroom, and expand your students’ awareness of the U.S. presidents and the institution of the Presidency. Register today on PBS LearningMedia for instant- access to thousands of additional classroom-ready, contextualized resources.

President for a Day
Grades 3-8 | Interactive with Support Materials

This activity puts your students in the Oval Office and invites them to make decisions about meeting Cabinet members, making speeches to the public, and how to handle a foreign crisis.

Documenting the President
Grades 3-9, 11-13+ + | Video

A photographer can preserve a moment, and be a silent participant. Give your class a brief history of the power held and captured by presidential photographers from Lincoln to Kennedy and beyond.

Documenting Key Presidential Decisions
Grades 6-13+ | Interactive

Challenge your students to examine primary source documents and match them to key presidential decisions. Documents include a letter from the secretary of war (1945), remarks at Brandenberg Gate (1987), the Civil Rights Act of 1964, and annotated notes and letters from various moments in history.

FDR: New Deal Program
Grades 9-12 | Video + Support Materials

Give your students a view of the enormous hurdles faced by President Roosevelt during the Great Depression. See how the New Deal transformed the relationship between government and economy.

Abraham Lincoln, Attorney at Law
Grades 1-12 | Video + Support Materials

Invite your class to consider how an early career as a “prairie” lawyer prepared Lincoln for his presidential role as he developed his confidence, sense of fairness, and social skills.

LBJ and the Great Society
Grades 9-12

Using newsreel footage, archival photos, and interviews, offer our students the opportunity to explore the rich legacy of President Johnson’s “Great Society.”

They’ve got professional development courses for teachers:

Professional Development

Explore these timely professional development resources in PBS LearningMedia:

Effective Media-Rich Lessons
Grades 13+ | Video + Discussion Questions
Join Katelin Corbett and Evan Feldman, two physics teachers in New York City, as they discuss the benefits of using digital media in the classroom, model best practices, and share guidelines for effective use of media in the physics classroom.

Build a Bridge Between Disciplines
Grades 6-8, 13+ | Interactive
Build a bridge between two disciplines by identifying a connecting concept, or idea that has value in both disciplines. Complete the structure by adding instructional activities that build students’ understanding of the concept, within and across disciplines.

Close Reading of Text: MLK “Letter from Birmingham Jail”
Grades 13+ | Video + Support Materials
Join David Coleman, a contributing author to the Common Core State Standards, as he models a close reading of Martin Luther King’s Letter from Birmingham Jail.

This Week’s Featured Courses:

NEW Bridging World History: A Special Collection from the Annenberg Foundation (SOST502)
Grades 9-12 | Syllabus | Sign Up | Course Catalog

NEW America’s History in the Making: A Special Collection from the Annenberg Foundation (SOST507)
Grades 6-12 | Syllabus | Sign Up | Course Catalog

Fall Term II Begins October 24 – enroll today!
Visit pbsteacherline.org or call 800-572-6386 for more information.

And here’s what’s new:

New & Noteworthy

Common Core Support
Let PBS LearningMedia enhance your efforts to better-understand the CCSSI with professional development video clips, and classroom resources tied to the Standards. Register for full access – anytime, anywhere.

The Election Collection
The PBS LearningMedia Election 2012 Collection is an aggregation of curated and contextualized election-related resources for K-12 classrooms with a primary focus on middle and high school. Jump into the collection by clicking here – or search under the keyword, Election.

PBS Teacher Innovator Awards
PBS LearningMedia and The Henry Ford are proud to bring you the third annual Teacher Innovator Awards in recognition of innovative PreK-12 classroom educators, media specialists, technology coordinators, and homeschool educators who use digital media to enhance student learning. To enter, tell us how you have innovated with digital media to enhance student learning. Submissions are now being accepted – click here to enter!

 


Ben Stein off the rails again

October 10, 2012

Ben Stein is nominally a smart guy, with a degree in economics and a law degree and enough moxie to wangle his way into the movies . . . lives a sort of a charmed life.

Ben Stein

Ben Stein

Which may be good on one hand, because he runs off the rails sometimes.  Bad on the other hand if others follow him off the rails, assuming he’s smart and knows where he’s going.

Stein’s latest droppings at American Spectator include this gross misunderstanding of the drive for justice and equality (all links added here):

But right now, which is Sunday, I am looking in my favorite book, Bartlett’s Familiar Quotations, for a quote by Hayek about how you cannot clearly associate economic effects with economic causes because so many different circumstances are at work each time.

I cannot find that quote in this edition — maybe a 1976 edition — but I did find a better one from Hayek which I paraphrase here: the attempt at social justice causes more misery than almost any other factor in human life (again, a paraphrase).

Yes. The Communists. The Jacobins. The Communards. The Maoists. The Khmer Rouge. They all caused untold suffering in the phony and vain attempt to make everyone equal… phony because it was just a fig leaf for terrible people to seize power.

We are not supposed to be all equal. Let’s just forget that. We are supposed to have equal rights under law. If we do that, we have done enough. If we try to engineer outcomes, if we overturn tradition to make everyone the same, we ruin society. If we upset tradition to allow for an equal shot at the starting gate, everyone wins, except for the charlatans and would be dictators.

Yet another reason to be a Republican. Give everyone an equal shot — but do not require equal outcomes or even roughly equal outcomes by law. That way lies catastrophe.

Every soul deserves a shot at a Cadillac, but not everyone should be guaranteed a Cadillac… that way lie the tumbrels and the guillotine.

Other groups in history caused untold suffering in the phony and vain attempt to keep everyone from having equal rights.  What’s his point, that he’s forgotten history and has so far avoided a visit from Santayana’s Ghost?

Consider the anti-Jacobins, the monarchy and strict class system against which the French revolted — better?  The Jacobins themselves were mostly upper-class, including a future King of France among them, and the club being composed almost completely of wealthy people or merchants on the rise, quite like a modern Republican-leaning country club.  Does Stein really know this history?

Communards organized and rebelled against a patrician government (think Occupy Wall Street with real venom, tired of eating cats and rats, and with the support of hungry front-line soldiers who sympathized with them).  They did not perpetrate misery in support of social justice, not so much as 18,000 Communards were murdered to put down the rebellion and  continue the social injustice, several thousands more were executed, and a few thousands were “deported” to prison colonies in New Caledonia.  Stein seems to have this history exactly backwards — it was the GOP-style Bismarck-Farve alliance that delivered misery to perpetuate inequality.

One might make a claim that the Maoists in China worked for a degree of a classless society, but not on the scale and not with the success of George Washington — which is probably a clear view into why Mao’s successors beat such a hasty retreat to more capitalistic-bent programs, but still leaving the peasants in the countryside and especially coal miners on the short end of the rights stick.  It’s simply fatuous to claim the Khmer Rouge worked to make people equal under the madman dictator Pol Pot.  It’s  a good, short debate line, but it doesn’t stand up to scrutiny of history — and remember, it was the communist North Vietnamese Army who chased Pol Pot out of power and restored order to Cambodia.

Consider the Roman Empire (which oddly is more akin to modern U.S. Republicans than the Roman Republic), or Czarist Russia before the Bolsheviks.  It’s not like the failed attempts by so-called communists brought down societies that honored equality for citizens.  Stein has the telescope of history by the wrong end, which means he really can’t see what he’s claiming to describe.

Did Hayek really say that working for social justice is error?  I doubt it.  He wrote about wrong-headed attempts to impose social justice, like keeping everyone from having a Cadillac, through formal legal means, or through informal, economic and class means such as closing off opportunities for the poor and middle class to rise.  Stein, a Jew with an Ivy League education, should be sensitive to the closing of opportunities, and appreciative that opportunities are generally open in this nation.  Religion once operated as keys the doors to Ivy League schools, to the detriment of Jews; once recast, those keys provided a door to economic and intellectual achievement for many Jews.

Stein’s column is titled “A Reason to Be Republican.”  Instead he outlines reasons to question the current Republican platform and candidates for the presidency, U.S. Senate and U.S. House of Representatives.  Somehow he confuses Republican policy with the phrase “Equal Justice Under Law,” the words engraved on the West Portico of the U.S. Supreme Court.  It’s useful at such times to remember the building was completed in 1935, and that its design and construction was supervised by Chief Justice William Howard Taft, the former Democrat.  It’s also useful to remember that the GOP has fought against those words ever since, but especially after Richard Nixon determined to jettison GOP dedication to civil rights for African Americans, women and Hispanics, in pursuit of electoral success with the votes of bigots from the South angry at the Democratic Party for having successfully pushed the Civil Rights Act of 1964 and the Voting Rights Act of 1965.  Stein wrote speeches for Nixon.  He should remember that history better, or study it more if he can’t recall.

Especially not the rich should be guaranteed a Cadillac by the government.  They already have the money to get what they need; but having money should not confer rights to take everything while walking on the heads of the middle class and poor.  Everyone deserves a shot, Stein said.  I wish he’d support that claim with his actions, his political contributions, and his endorsement of candidates.

More:


Endangered western forests: The Yellowstone

October 10, 2012

Additional CO2 and warmer weather will help plants, the climate change denialists say.  That’s not what we see, however.  Turns out CO2 helps weeds, and warmer weather helps destructive species, more than it helps the stuff we need and want in the wild.

For example, the white-bark pine, Pinus albicaulis:


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From American Forests:

With increasingly warm winters at high elevations in the West, a predator that has stalked forests for decades has gained the upper hand. It is mountain pine blister rust, an invasive fungus. Combined with mountain pine beetles, which kill hundreds of thousands of trees per year in the Greater Yellowstone Area (GYA), the environmental health of the Rocky Mountains and neighboring regions is in danger. To make matters worse, the species most susceptible to these two threats, the whitebark pine, is also the most vital to ecosystem stability, essential to the survival of more than 190 plant and animal species in Yellowstone alone.

First debuted at SXSW Eco, this video tells the story of our endangered western forests and how American Forests and the Greater Yellowstone Coordinating Committee are working toward their restoration and protection for future generations.

Learn more: http://www.americanforests.org/what-we-do/endangered-western-forests/

More:

Whitebark Pine

Whitebark Pine (Photo credit: Wikipedia)

Whitebark Pine. Français : Tige et cônes de Pi...

Whitebark Pine, cones and needle cluster (Photo credit: Wikipedia)

Whitebark Pine Français : Un cône de Pin à éco...

Whitebark pine’s distinctive, almost-black cone. (Photo: Wikipedia)


October 9 – St. Denis’s Day, patron saint for those who have lost their head

October 9, 2012

October 9 is the Feast Day of St. Denis.

Who?  He’s the patron saint of Paris (and France, by some accounts), and possessed people.   Take a look at this statue, from the “left door” of the Cathedral of Notre Dame  in Paris (Cathédrale Notre-Dame de Paris: portail de gauche).  He was martyred by beheading, in about 250 C.E.

English: Cathédrale Notre-Dame de Paris: porta...

St. Denis greets vistors to the Cathedral of Notre Dame, Paris (Cathédrale Notre-Dame de Paris: portail de gauche)

Our trusty friend Wikipedia explains:

According to the Golden Legend, after his head was chopped off, Denis picked it up and walked two miles, preaching a sermon the entire way.[6] The site where he stopped preaching and actually died was made into a small shrine that developed into the Saint Denis Basilica, which became the burial place for the kings of France. Another account has his corpse being thrown in the Seine, but recovered and buried later that night by his converts.[2]

Clearly, he is the guy to pray to about Michelle Bachmann, Rush Limbaugh, Todd Akin, Paul Ryan, intelligent design, and the Texas State Board of Education, no?  You catch my drift, you can use this factoid to some advantage, enlightenment, and perhaps humor.  In Catholic lore, St. Denis is one of the “14 Holy Helpers,” and his aid is sought to help people with headaches, or who have been possessed.

Crazy GOP members who I suspect of having been possessed give me and America a headache.  St. Denis seems to be our man.

Who else do you know of, in this election year, who keeps talking after losing his/her head?

As Rod Stewart sang, just “let your imagination run wild.”  Maybe St. Denis is listening.

More:

Statue to St. Denis, in Cluny

Another portrayal, in sculpture, of St. Denis. Notice how this one’s face doesn’t really look like the one above? Ouvre du Musée de Cluny, Wikipedia photo by Guillaume Blanchard (Aoineko), June 2001, FinePix 1400Z.

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Draconid meteor shower — a great show in 2012?

October 8, 2012

Space Weather says radar suggests a big show, already begun, with 1,000 meteoroids an hour:

DRACONID METEOR OUTBURST UNDERWAY: The CMOR radar in Canada is picking up a major outburst of Draconid meteors commencing at 16 UT on Oct. 8th. “Radar rates are at 1000 meteors per hour,” reports Bill Cooke of NASA’s Meteoroid Environment Office. “This is greater than last year’s outburst, and 5x the 2005 level.” Cooke encourages northern sky watchers, especially in Europe where night is falling, to be alert for Draconid activity. Because radars are sensitive to very small meteoroids, there is no guarantee that this radar outburst will translate into meteors visible to the human eye. On the other hand, a brilliant display could be in progress. The only way to know is to go outside and look. [CMOR radar data] [sky map] [Submit: reports or photos]
Listen: Tune into Space Weather Radio to hear live Draconid radar echoes.

Can you see these rocks as they burn up?  Or are they too small to make a visible “splash,” even though registering on radar?

Heck, some reports say it’s even more active than that; Sky and Telescope reports up to 2,200 meteoroids per hour.

How to tell?  Go outside and look up!

Draconids are most active in the early evening (other showers tend to be active after midnight).  Look toward the head of Draco the Dragon.  EarthSky.org offers a skymap to help out:

Draconid meteor shower, October 8, 2012 - map from EarthSky.org

Draconid meteor shower, October 8, 2012 – map from EarthSky.org

More:


Fly your flag today: Columbus Day 2012

October 8, 2012

Falling down on the job here as arbiter of your flag-flying habits.  How could I forget that some of America celebrates this day as Columbus Day?  (No one in this household gets the day off.)

Fly your U.S. flag today. Fly it to honor Columbus’s discovery of the Americas.  Or, fly your flag to honor exploration and explorers, and to remember the people who suffered so greatly as a result of the collision of European cultures in search of money, and American cultures lacking gunpowder and steel.

The second Monday in October is celebrated as Columbus Day, a federal holiday (though not widely honored in private enterprise).  Columbus made landfall in the Americas for the first time on October 12, 1492, 520 years ago.

John Vanderlyn Oil on canvas, 12 x 18 Commissioned 1836/1837; placed 1847 Rotunda    Christopher Columbus is shown landing in the West Indies, on an island that the natives called Guanahani and he named San Salvador, on October 12, 1492. He raises the royal banner, claiming the land for his Spanish patrons, and stands bareheaded, with his hat at his feet, in honor of the sacredness of the event. The captains of the Niña and Pinta follow, carrying the banner of Ferdinand and Isabella. The crew displays a range of emotions, some searching for gold in the sand. Natives watch from behind a tree.  John Vanderlyn (1775-1852) had studied with Gilbert Stuart and was the first American painter to be trained in Paris, where he worked on this canvas for ten years with the help of assistants.

John Vanderlyn, Oil on canvas, 12′ x 18′ – Commissioned 1836/1837; placed 1847 in the Rotunda of the Capitol. Christopher Columbus is shown landing in the West Indies, on an island that the natives called Guanahani and he named San Salvador, on October 12, 1492. He raises the royal banner, claiming the land for his Spanish patrons, and stands bareheaded, with his hat at his feet, in honor of the sacredness of the event. The captains of the Niña and Pinta follow, carrying the banner of Ferdinand and Isabella. The crew displays a range of emotions, some searching for gold in the sand. Natives watch from behind a tree. John Vanderlyn (1775-1852) had studied with Gilbert Stuart and was the first American painter to be trained in Paris, where he worked on this canvas for ten years with the help of assistants.

Did you notice?  In the painting in the U.S. Capitol, Columbus isn’t flying the U.S. flag.  Acccuracy over political correctness winds, eh?

Below the fold:  A description of the painting in the Capitol Rotunda, from the Architect of the U.S. Capitol (the “official” version.)

More:

Read the rest of this entry »


Why Obama Now?

October 7, 2012

Obama’s own words, with animation provided by Lucas Gray, a veteran animator from The Simpsons and Family Guy.

Andre Tartar wrote about it at the New York Magazine website:

Your average campaign ad involves lots of black and white B-roll, ominous music, and floating newspaper headlines. So this nearly 4-minute illustrated reel by Lucas Gray, a veteran of the Simpsons and Family Guy animation departments, is a welcome bit of color. Using audio from a speech President Obama gave at the Associates Press Luncheon in April, “Why Obama Now” is a jaunty mix of cartoon Americans driving their Model T Fords off the assembly line onto the American Dream, graphs and charts sprouting up as the president rattles off statistics, and little bobblehead meanies providing comic relief: Bush and Cheney with a pile of gold (the Clinton surplus), Sarah Palin, Bill O’Reilly, and the rest of the conservative pundit gang. It also includes the best (though not most convincing) explanation of trickle-down economics we’ve seen yet: “If you feed the horse enough oats, some will pass through to the sparrows.”

At the website for WhyObamaNow.org, the sources are listed:

  1. Obama’s speech to the Associated Press luncheon on April 3, 2012, at the Marriott Wardman Park
  2. Other sources for graphs shown throughout the video
  3. Transcript of the entire speech

The entire speech (58 minutes — 36 minutes for the prepared text, plus Q&A):


Doubt, about the science of tobacco consumption, DDT, and global warming

October 6, 2012

From The Climate Reality Project.

(Yes, there is a bias.  Several biases exist there simultaneously, actually, so we should say there are biases.  The most important for you to know about are the biases for good science and accuracy, especially historical accuracy.)

More:

Graffiti: BIAS

Graffiti: BIAS (Photo credit: Franco Folini, via Flickr) (Creative Commons)


Banned Books Week: Still time to read

October 6, 2012

Liberty reading Banned Book; Banned Books Week 2012

Read for Freedom; it’s the patriotic thing to do.

Click on the image for more information about Banned Books Week.

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Veterans speak out: We’re not just laundry

October 6, 2012

From the Truman National Security Project, a video featuring testimony from veterans of Iraq and Afghanistan especially, questioning whether Mitt Romney has what it takes to be Commander-in-Chief of the U.S. armed forces:

This is rather the opposite of  “swift boating,” isn’t it?  An established organization active on national security issues, with a distinguished staff and board of directors, working on a shoe-string, with identified spokesmen.

The Truman Project’s blog lays out the case for President Obama’s election with respect to his initiatives on behalf of veterans.  As much as I would prefer to see those positive achievements emphasized, campaigns don’t really allow much time for careful, thoughtful explanation.

Will there be any effect from this advertisement?  What do you think?

More:  


Autumn in Glacier National Park?

October 5, 2012

No, this is not an archives photo — it’s autumn, in Glacier National Park.  Photo from sometime in the past week.

https://i0.wp.com/24.media.tumblr.com/tumblr_mbfcgwpRfI1r81c8do1_500.jpg

View from Wild Goose Island Overlook in Glacier National Park; NPS photo

From the Interior Department Tumblr, America’s Great Outdoors:

The popular overlook at Wild Goose Island in Glacier National Park has a different look this week with fresh snow on the trees and mountains. Fall has definitely arrived!

More:

Beargrass (Xerophyllum tenax) in Glacier Natio...

When I was in Glacier N.P., there was a lot of this stuff at higher elevations.  I don’t recall seeing it anywhere else.  An odd plant.  “Beargrass (Xerophyllum tenax) in Glacier National Park, Montana, USA. Original caption: In addition to a host of various wildflowers, Beargrass, a lily native to Glacier, blooms in abundance along the Iceberg Lake trail. (Photo credit: Wikipedia)”


“Growing up in East Texas, we didn’t have any money for books” – Moyers on Banned Books Week

October 4, 2012

Since the death of Radio Free Texas, banned books take on even more importance in the history of freedom and free thought, in Texas.

This is the state where, still, even the governor and the State Board of Education carry on unholy crusades against books and ideas, like evolution, racial equality, and voting rights.  Moyers knows what he’s talking about.

More:


Banned Books Week! Are you with the banned, in 2012?

October 4, 2012

It’s almost gone, and I haven’t even posted on it yet:  Happy Banned Books Week!

We’re celebrating this week from September 30 to October 6 — you’ve got two more days.

Can you identify each of these banned books?

Courtesy of Bookman’s, a book store in Arizona.

A two-minute video produced by Bookmans, an Arizona bookstore, is helping launch a national read-out from banned and challenged books that is being held on YouTube in conjunction with Banned Books Week, the national celebration of the freedom to read (Sept. 30-Oct. 6). The video presents Bookmans’ customers and staff urging people “to turn on the light” by celebrating freedom of expression. With light bulbs burning brightly above their heads, each of them reads a single line from a banned or challenged book that testifies to the importance of reading, books and freedom of speech. “It is a wonderfully creative and inspiring video,” said American Booksellers Foundation for Free Expression President Chris Finan. “We hope all supporters of Banned Books Week will use social media to share it with their friends and the rest of the world, giving a big boost to this year’s read-out.” More than 800 people posted videos on YouTube during Banned Books Week last year. More information about the read-out, including updated criteria and submission information, is available here.

Which are your favorite Banned Books?

News and More:


One more time, again: Why “supply side” economics doesn’t work without demand

October 4, 2012

I posted a short excerpt from a recent column by economist Paul Krugman, explaining why GOP reliance on magic to fix the economy probably won’t work.  Commenter David Xavier took issue with Krugman’s analysis.  David’s comment brought home to me just how badly many self-described conservatives misunderstand basic economics, especially the keystone free enterprise principles of supply and demand.

My explanation of why supply side economics can’t work came out for the 21st time at least.  Let’s make a post of it, in hope that more people may read it and view it, and understanding may increase.

David Xavier said:

Krugman wants the government to spend as this will drive demand. But “demand is constituted by supply”. To buy something you must first produce and sell something. The selling is what gets you the money, but the production of value adding output is what first allows you to sell. Without value adding activity, there is nothing to sell and therefore there is no basis for demand.

I replied:

Well, there’s the problem. You don’t understand either the law of supply, nor the law of demand. You’re talking “supply side” economics, which we discovered didn’t work way back in 1982 through 1988.

Supply does not stimulate demand, ceteris paribus. It’s the other way around. Henry Ford’s Model A didn’t created demand for transportation; the demand for transportation, coupled with a demand for transportation that didn’t involve horses and their natural effluents, created a demand for a horseless carriage. Ford created a machine that met that demand, and could manufacture it in enough quantity to matter.

Demand is not “constituted from supply.” Demand comes from needs, and wants. If supply can be created to meet that demand, demand can be met from supply.

But demand comes first, as Krugman, a Nobel-winning economist, well understands.

If consumers have no money to buy, the quantity supplied cannot matter in the least. If there were no demand for transportation at all, Henry Ford is sunk.

The law of supply explains how producers go about meeting demands — if prices are higher, they are happier to supply more. Again, if consumers have no money to purchase the good or service offered, the amount of supply is completely irrelevant.

Before Henry Ford’s mass production of automobiles created a demand for gasoline, gasoline was cast off from oil refining as a waste product from the production of kerosene for lanterns. Refineries from Standard Oil dumped millions of gallons of gasoline into rivers — no demand, the massive supply simply did not matter.

And as we can see from that example, demand not only creates the market, it can make a product considered to be waste, into the economic equivalent of gold.

Without demand, supply is simply excess manure, or gasoline by-product from the production of kerosene, to be dumped into a river (and thereby pollute the hell out of the river).

You’re right to say that without value-added activity, there is no economic activity. But tell that to Mitt Romney, who thinks finance is the magic, and not production.

A key problem with all of Republican economics is the ignoring of consumers, and ignoring the reality that consumers need money to stimulate demand. Tax cuts can’t help the hungry, who cannot eat tax cuts, nor the unemployed, who cannot take to the bank tax cuts on non-existent income.

Your odd myopia — maybe blindness — to the reality of how economics works, is shared by a lot of so-called conservatives. It’s a tragedy; it’s a tragedy I hope voters will put an end to, soon.

Did you ever notice that no supply-side economist has ever won a Nobel? Have you noticed that few supply-side economics articles are available in journals? Has your search for the numbers to back up the Laffer curve been as unproductive as they have been for everyone else — including Arthur Laffer? (Laffer promised to publish an article explaining how supply side economics work, as soon as he got the numbers together. That was in 1982. 40 years later, there is still no real intellectual foundation for GOP claims of tax cuts creating wealth. Those studies that have been done suggest tax rates maximize revenue when taxes hit about 70%, more than three times the rates Laffer proposes. History shows a much different story than Laffer claimed: Tax cuts in the Harding and Coolidge administrations led to bubbles that collectively burst in October 1929, leading to the Great Depression; tax cuts in 2001 led to bubbles in housing and the stock market, which burst in 2008, leading to our Great Recession.)

Right now, businesses are sitting on a pool of about $2 trillion, profits they’ve accumulated since 2008. If supply side economics worked, that money would be invested in manufacturing and service creation, and we should have an unemployment rate in negative numbers. The disproof of supply side economics is our current situation. Employers have plenty of supply of money, but they refuse to hire without demonstration of demand from consumers. Unemployed consumers, lacking money, cannot make that demand up from thin air. Magic does not work, in the real world of supply and demand, in economics.

Nota bene:  Videos come from a delightful series on economics created and put up on YouTube by Dr. Mary J. Glasson, licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.  Glasson’s series is available at YouTube and covers almost every topic in an entry-level survey undergraduate economics course.  Look for “mjmfoodie” at YouTube.com.

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More magic than a cape and red underpants needed to fix economy; but that’s all GOP offers

October 4, 2012

Despite the few details he leaked in the Denver debate — which contradict almost everything he and his campaign had said earlier, not to mention the GOP platform — Mitt Romney offers not much in the realm of a program to do better than President Obama in economics, in pulling the nation out of our economic doldrums.  Nobel-winning economist Paul Krugman explains:

Winner of the Nobel Memorial Prize in Economics, Paul Krugman - Tavis Smiley Productions image

Winner of the Nobel Memorial Prize in Economics, Paul Krugman – Tavis Smiley Productions image

As many people have noticed, Mr. Romney’s five-point “economic plan” is very nearly substance-free. It vaguely suggests that he will pursue the same goals Republicans always pursue — weaker environmental protection, lower taxes on the wealthy. But it offers neither specifics nor any indication why returning to George W. Bush’s policies would cure a slump that began on Mr. Bush’s watch.

In his Boca Raton meeting with donors, however, Mr. Romney revealed his real plan, which is to rely on magic. “My own view is,” he declared, “if we win on November 6, there will be a great deal of optimism about the future of this country. We’ll see capital come back, and we’ll see — without actually doing anything — we’ll actually get a boost in the economy.”

Are you feeling reassured?

In fairness to Mr. Romney, his assertion that electing him would spontaneously spark an economic boom is consistent with his party’s current economic dogma. Republican leaders have long insisted that the main thing holding the economy back is the “uncertainty” created by President Obama’s statements — roughly speaking, that businesspeople aren’t investing because Mr. Obama has hurt their feelings. If you believe that, it makes sense to argue that changing presidents would, all by itself, cause an economic revival.

There is, however, no evidence supporting this dogma. Our protracted economic weakness isn’t a mystery; it’s what normally happens after a major financial crisis. Furthermore, business investment has actually recovered fairly strongly since the official recession ended. What’s holding us back is mainly the continued weakness of housing combined with a vast overhang of household debt, the legacy of the Bush-era housing bubble.

By the way, in saying that our prolonged slump was predictable, I’m not saying that it was necessary. We could and should have greatly reduced the pain by combining aggressive fiscal and monetary policies with effective relief for highly indebted homeowners; the fact that we didn’t reflects a combination of timidity on the part of both the Obama administration and the Federal Reserve, and scorched-earth opposition on the part of the G.O.P.

But Mr. Romney, as I said, isn’t offering anything substantive to fight the slump, just a reprise of the usual slogans. And he has denounced the Fed’s belated effort to step up to the plate.

Read more at the New York Times.

Why do I disbelieve?

  1. For more than a year Romney’s been pushing tax cuts as a solution to everything.  It’s rather late to back out of that now.
  2. Tax cuts can’t stimulate the economy — we tried them for 8 solid years, and they crashed the economy.  One can make a great case that the Obama economy is not soaring because he agreed to extend the tax cuts, in return for getting about half of the stimulus we needed.  At some point, people hurting in this economy will realize that they can’t benefit from a tax cut if they aren’t paying huge taxes, and they aren’t paying huge taxes if they are unemployed.
  3. Tax cuts cannot be revenue neutral.  They hurt deficits.  For months Romney’s been talking about defense spending and tax cuts that add between $5 trillion to $7 trillion in to the deficit.  If he wishes to argue that deficits hurt, he’s in trouble.  If Obama argues that deficits should be used to help people, Romney will be unable to make the math work on his plan if he tries to reply.
  4. Economic theory isn’t with Romney.  Can he make that big of a snow job on voters?  Even if he does, the economy won’t take it.

Now’s a good time to beef up on the high school economics most of us took, or the college class we took.  Can you see any way to make an austere, Spain-style economy work in the U.S. without putting us into a death spiral?

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