So, we post mainly about information, and we had a discussion today on Gmail Chat. We thought that perhaps some might enjoy this interaction between the two of us:
C.O.: this is interesting
“The critics can be roughly divided into two camps. One group thinks money should be directly infused into banks, which should allow it to trickle down through the financial system to borrowers. A second group thinks the government should buy individual mortgages, thus helping ordinary Americans more directly, with the benefits trickling up to the banks.”
L.J.: that is tough
but, if I had to choose one, I would say Trickle Up
C.O.: so, here’s what i was thinking…who built these companies in the first place
i mean, they want to save them by giving them the money
but didn’t all of our money take them there
??
to the top that is
L.J.: yeah
where are you going with this?
feed me momma bird
C.O.:it seems like trickle up is the answer, right
but the right kind of trickle up, not this stimulus package stuff that doesn’t really mean anything
L.J.: right
C.O.: we’ve got to free up discretionary income
L.J.: yeah, I can agree with you there
It is just hard for me to jump on board with this bail out thing
C.O.: the question is how do you infuse the US with money so that happens
really?
L.J.: I just have a hard time bailing out any company that is misusing their funds.
I thought we are supposed to be a “true market economy”
First the Steel, then auto industry, then banks….then???
the gas companies?
are they going to be next?
Not like our government seems to be doing anything about the energy crunch
but, let’s just say someone finally smells the coffee and says, we need to make a change with the energy we use in this nation…
The gas companies are going to start to go under
obviously
they are paying their Top Execs billions like the bank and insurance industry
are they going to get bailed out as well?
C.O.: i think that’s why you see the companies spending small fractions of their profits on alternatives
that’s beside the point though
what really needs to be done is what is best for the people
can we keep functioning properly w/o a bailout
hard to say
def don’t agree with letting the failures keep their huge salaries tho
L.J.: I can agree with you on that one
no reason why someone should be making billions and the company they work for falls through the floor
L.J.: well, do you think this bail-out/recession will wake up the American Public and get them to change their beliefs on gasoline/oil?
C.O.: hard to say
recession means less money for stuff like…oil
that could drive the price down some
then we’d be on the same path as we’ve always been
L.J.: but, is cheaper gas really the solution?
I mean, at what point do we find something else?
C.O.: well, no, but isn’t that what business and policy favor
in my opinion: NOW
L.J.: Do you think that the cd companies were worried about people not changing over when they decided to go away from Tape Players?
I have never seen a company hold on to the American Public like Oil has
C.O.: it might be a little more cutthroat with this sector
yeah, the hold they’ve got over us is sickening
so what do we do
L.J. Americans forget where we came from
C.O.: i mean, if we really are the ones that control policy, what’s the best way to make some sort of change? Is it Pickens?
L.J.: Well, obviously Picken’s Plan is great, but other than getting a lot of publicity, is he getting anywhere?
it doesn’t seem so
C.O.: yeah, that’s the question
what kills me is that you could ask 100 people on the street and all of them would tell you that gas prices are too high
who is actually doing anything about it
L.J.: I think you you start a craze, similar to Pickens plan, but to the people
reassuring them that we can survive without oil
You know us typical Americans, we pay for reassurance
I just re-upped my vehicle warranty
I feel safe with it
people want to feel safe that if they buy something new, it will be “OK”
I think you need someone, someone like “us” who is ready for a change and willing to stick their neck out and put something up
C.O.: it still seems like a bit of a stretch
I could see a real uprising at 7 or 8 dollars a gallon
but if things are hovering where they are now, I don’t see how you get people to switch
the next thing companies are going to be telling us is that we are on the road to change, you know with the volt and other alt vehicles
L.J.: If anyone has watched the Pickens Plan video, they will see that we are sinking over 300 billion dollars into other countries every year for oil
C.O.: how long is the road?
L.J.: endless
just like the promise in the 70s…what was that quote you told me today?
C.O.: yeah, the money that is leaving this country is ridiculous
this is where the two really tie in, im talking about the bailout and pickens plan
700 billion for the bailout
700 billion for imported oil
L.J.: weird huh?
C.O.: so, if we were to get off of imports somehow, we’d basically be orchestrating a bailout every year
L.J.: weird how the two tie together
C.O.: how do you think the economy would respond to that
??
L.J.: instead of sinking further and further into debt, possibly we could pull us out
or at least start
C.O.: yeah, makes you think
L.J.: The economy would boom
well, at least theoretically
C.O.: maybe the bailout should be a real focus on getting out of this oil import mess
L.J.: knowing our politicians, we may find something else to blow our money on
haha
C.O.: then we could take the money and “bailout” year after year
yeah, that’s the problem
L.J.: Do you think Washington is sitting in the meetings saying…”this is how we could attack it from both sides”?
C.O.: oversight
it happens and it unhappens
heh, attack from both sides, right
L.J.: this all reminds me of the stories we heard about in History
C.O.: that’s why theyre focused on big biz
L.J.: like the Boston Tea Party
America stood up for what it believed
I think our founding fathers are rolling over in their grave…
C.O.: yeah, we need to Take a Stand
L.J.: but, that is another discussion all together
I think we need to Make a Difference
we = American People
L.J. C.O.

[...] Bail Out/Energy Crisis Conversation By considertomorrow So, we post mainly about information, and we had a discussion today on Gmail Chat. We thought that perhaps some might enjoy this interaction between the two of us:. CO: this is interesting. ?The critics can be roughly divided into two … Change is a Revolution – http://considertomorrow.wordpress.com [...]
By: Energy Crisis Information » - “energy crisis” on September 26, 2008
at 6:03 pm
[...] If you liked this post then you may like this one [...]
By: Energy on September 26, 2008
at 7:54 pm
How do you motivate people when the feedback cycle is so long. It takes years for anything to happen, and what we need is a person who has the force of personality. But sadly, politics tends to push those people down (unless they can force them aside as well).
Another issue is that there are too many competing options (should I be pro-gas, ethanol, algae?). This science is changing so fast that these choices could change daily, this makes it very hard to get a handle on the entirety of the situation. Look at the Blu-Ray/HD-DVD issue, until the industry settled on one, people hesitated to even purchase a machine.
Back in the 1700’s it was a lot easier to motivate people because our attention wasn’t split over 18 million things. Furthermore, we were and knew people who were affected by the tyrannical rule of the King of England. I don’t know anyone who has actually been hurt (like had to move, change jobs, etc) by the rise in gas prices. Its more like a group of us whining that we can’t drive our SUVs like we use too. Think boiling a frog.
One thing that we learn when we study the presentation of information is that we must limit the amount of data presented to an individual person, least they be overwhelmed by the information and can no longer take action, which was the goal of presenting the information. This is one concept I would ask that you bring to the conversation. Be a filter, find the relevant news and bring it to us. But also aggregate the news, and tell us the story.
Anyways, good convo!
-d
By: Dru on September 29, 2008
at 8:34 am
Good conversation guys, too bad my chat doesnt work at work anymore or I would have loved to jump in on this.
I’d like to point to a recent Time article here: http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes
If you don’t want to read through the whole thing, I’d like to bring up this paragraph:
“The government should not intervene. It should leave overleveraged financial institutions to default on their derivatives obligations and, if necessary, file for bankruptcy. Much of the crisis has arisen from miscalculating the risks involved in a large book of positions in these derivatives. It is only logical that these institutions pay for their poor management.”
I agree with taking a stand, let’s all just stop paying taxes
By: Brian on September 30, 2008
at 7:51 am