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A Convenient Hoax

How to fix the economy when Nazis and computers and space aliens just ain't doin' the trick.

I’m not allowed to fix our economy.

And, frankly, that’s probably a good idea. 

I have a pretty good understanding of macroeconomics and history; but once we get into the more finite details of capitalism, I admit to being a shoe that could use a little more polish. Call me naïve, but I have a hard time wrapping my head around things like derivatives, and companies that make billions of dollars but that don’t actually produce anything (like Bain Capital). 

I prefer simple solutions: people and businesses working hard to create goods and offer services that benefit members of the public who want or need them. If I were allowed a voice in how to fix the economy, I would put my eggs in that basket rather than in the baskets of corporate bankers, insurance companies and venture capitalists who don’t actually produce anything tangible.

Still, the economy is where it is, and what it is. I have my ideas as to how to make it better, and you may have yours. 

Nobel Prize-winning Economist and Professor Paul Krugman has his as well. He thinks we should gather together a community of scientists to sell the American public on the fake notion that an alien invasion is coming, and we need to spend money on infrastructure and civil defense—thus creating employment and more taxes to pull the government out of recession. 

Obviously, Krugman’s idea crosses over into the realm of satire; but like all good satire, it’s not without its truths. The government did spend money creating jobs to ward off the Axis in WWII, resulting in an economic juggernaut. And, more recently, we had a tech boom in this country, partially spawned by the fears of the Y2K bug. 

Remember the Y2K bug? Boy, that thing never quite made sense. People would try to explain it to me, but I could never quite wrap my head around why people thought a bank computer, or an electric grid, had the capacity to care what century it was; As if US Bank’s software was named Hal, and was at risk of donning a bowler hat and an “I HEART McKinley for President” button when its internal clock struck “1900.” 

But that didn’t stop the tech boom. No sir-ee, Bob. How do I know? I worked for a “blossoming” website called Participate.com in mid-2000 (a company which, for reasons you will soon understand, no longer seems to exist). I was in the Sales and Marketing Division, and my job was to cold-call potential clients. The problem? I couldn’t really explain to them what it is we did there. I know we had clients like AT+T and IBM, but no one could ever really actually explain to me what we did past: “We set up online communities.” 

But I didn’t really see a whole lot of that going on at that office. What I did see were a bunch of “every man for himself” Nerf-gun wars amongst the cubicles. 

Like: daily. 

Like: I was given a Nerf pistol and had a hit-list of people who were unaware that I was even playing. 

And whenever people give me the snarky “Must Be Nice” Speech about how teachers get summers off, I think of my time “working” 9-to-5 as a Nerf Hitman. 

Still, there was something to be learned by Y2K, WWII, and from Krugman’s satircal idea about defending ourselves from an alien hoarde: America works well when our backs are against the wall. Our economy thrives under pressure. And, like a college student whose malaise and boredom threaten to plunge him into a lifestyle of laziness and obesity, we really need a panic-driven deadline to get things moving.

In 2008, I wrote a blog to friends and family about making the environment our national boogeyman. Back then, I thought, “This is our chance. We can come together over the environment. Even if you disagree that global warming exists—like Y2K, you can’t deny the boom in manufacturing and growth that it would spawn.”

Well, I didn’t know then that the GOP would go on a national crusade against fact and reality. Those were the Pre-Tea Party days, when the government was allowed to put their hands on our Medicare without Glenn Beck crying about it. Now it certainly seems unlikely that we’ll coalesce around green jobs and the environment as the birthplace of a new economic boom. 

But I do have an idea that the GOP will get behind. It’s one they cannot deny, lest their evangelical base leave them quicker than you can say “Kardashian wedding”:

We tell them a flood is coming.

A big, super-duper, BIBLICAL flood. 

And we need a boat. 

In fact, we need lots of boats. Giant, massive, boats; Boats to hold everyone in the country, with extra room to put our pets on the roof. And we need to build these boats and hire people to navigate them in the coming flood.

We need carpenters, and engineers, and zoologists and marine biologists.

We need welders and crew members and horse whisperers and James Cameron. 

We need to build ships to right the ship. 

And we need to do it now. Now. NOW!

And once the boats are built, and the job boom fades, and there’s nothing left to do but wait for the end of the world, we’ll once again fade into a period of depression and recession, needing a new enemy to combat. 

And that is when my army of Nerf Assassins will attack. 

Frederick John Kluth May 28, 2012 at 03:23 pm
Your knowledge of Bain capital is somewhat defective. They say:
Bain Capital is one of the world's leading private, alternative asset management firms whose affiliates manage approximately $60 billion. Our principals are the largest single investor in each of Bain Capital's funds, which aligns the interests of the firm with our investors and the long-term objectives of the management teams. You could also say you do not produce anything. Their produce is at least as real as your writing.
Tim Torrence May 28, 2012 at 04:05 pm
Uh Patrick your scenario was tried by Al Gore and it didn't work. Fear is never a great motivator if the consequences are not immediately apparent.
P.S. The Y2K scare was real I am somewhat of a pack rat with computers and I still have two that think it is the 20th century.
tom m May 28, 2012 at 05:28 pm
correct me if I am wrong ....But did not Bain Capital fund the startup of staples office products
James Thomas May 29, 2012 at 02:29 pm
Isn't there supposed to be some humor involved in your posts Patrick?
Chris (Kit) Myers May 29, 2012 at 05:14 pm
Mothers! Get your kids inside! The aliens are here! They are the Morlocks! Just put your ear to the ground and you can hear their machinery grinding up the Eloi. Agggg...
Ken McEntee June 1, 2012 at 01:49 pm
Surprisingly Patrick, I agree with you about something: A truly strong economy needs to be based on manufacturing products and providing necessary services.
But I disagree with your Keynesian notion that the government should be the driver to create demand for those goods and services. A free market, left to its own devices, without interference, control and manipulation from government and the Federal Reserve banking cartel, would prosper if given the chance.
Lynda Zielinski June 2, 2012 at 01:13 pm
When you're unemployed you really don't care who is driving the economy. But, I guess you can't imagine being in those shoes.
Phyllis Stager June 3, 2012 at 05:19 pm
Yes, Staples and Bain fixed Dominoes Pizza which then expanded also. Both Staples and Dominoes added thousands of jobs to the economy.
Phyllis Stager June 3, 2012 at 05:28 pm
Its quite possibly rhetorically proximate to humor, but possibly too juxtaposed within the boundaries of sarcasm and ideology to hit the mark.
joe simonton June 3, 2012 at 05:39 pm
lets not forget GM which borrowed $49.5 billion and as of today only paid back $6.7 billion
Now they claim they repaid the bailout loan, but they only paid back one loan using the 13 billion that obama put in a escrow account for gm to use as operating capital (so they paid back a government loan using government money) LOL and you want to pick on bain capital
Phyllis Stager June 3, 2012 at 06:22 pm
Now that you mention it....GM is considering, if it has not already done so, moving VOLT production to China. I guess the GM bail out not only saved some jobs at GM but is going to be producing Jobs in China. Doncha luv Government management? As recently as April this year CEO Akerson said he would set up a dedicated Chinese factory to produce Cadillacs. Good Going! LOL!
Patrick Giusto June 4, 2012 at 09:32 am
I really don't know how you could disagree with it-- it already worked to get us out of one depression. And I don't much care who drives the economy when it's THRIVING, but if it's stalled out or in a recession, why wouldn't you do what's already worked? Can't it be a temporary solution?
Phyllis Stager June 4, 2012 at 11:38 am
Well...WWII did pull us out of a depression. But when we contract out to other nations for example, the manufacturing of planes, etc., what does that do for the work force and the economy in the USA? Loads of examples for that where we missed out. In the early 1960's the US accounted for 90% of the production of commercial jet aircraft. Now it ranges between 35% and 50%. If the NRLB is going to put up road blocks when companies want to build new plants (eg Boeing in SC), I guess its just easier to leave the USA than fight the powers that be.

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casaderayray June 18, 2013 at 03:28 pm
Where is Storer...East, West, or South of Lakewood?
Regina Milsaps June 18, 2013 at 04:26 pm
It runs east from West 67th to West 34th between Clark to the North and Denison to the South. ButRead More you could look it up on Google maps for a better idea of just how far it is from West 117th and Madison.
Timothy M Bradford June 19, 2013 at 09:52 am
Regina, I appreciate your enthusiasm regarding my listing! If you would like to talk please feelRead More free to give me a call. Casaderayray, Storer is east of Lakewood, west of W. 25th, south of Ohio City. The heading was "just outside of Lakewood" due to the fact that I have other listings much farther out, like Painesville and Euclid. It is a great home with many, many updates - it's worth looking at! If you would like more information please contact me directly at 216-227-3523.
taryn.osborn June 14, 2013 at 01:42 pm
I won't make it there before 2pm, but if you don't sell your drum set...I am interested!
State Rep. Nickie J. Antonio
Sarah Henderson June 12, 2013 at 07:16 pm
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Colin McEwen (Editor) June 8, 2013 at 03:53 pm
Here's the follow up.Read More http://lakewood-oh.patch.com/groups/breaking-news/p/three-injured-after-car-crashes-through-the-exchange
Paul Grimm June 6, 2013 at 09:31 am
They are turning it into a Discount Drug Mart - should open this summer.
jim June 6, 2013 at 10:45 am
i think you are mistaking or being goofy...but sullivans is "was" at the corner ofRead More chesterland and madison, not on detroit.
William Bridgeman June 8, 2013 at 04:06 pm
They are supposed to be reopening in early July as Brew 211, as sports bar with a lot of large flatRead More TVs and basic bar food. The big wood booths are leaving. Sullivan's as we knew it is gone.
Maggie Rader June 6, 2013 at 12:45 pm
Again, while I am very grateful for the outcome for my Mom, I also have a lot of compassion for theRead More other residents. The move for my Mom is only temporary, since the South Westerly will come under the same guidelines within a couple of years. This can only be changed by an act of Congress. I have already written letters to the politicians involved, particularly Marcy Kaptur -- Ohio Congressional District 9. Hopefully, all concerned will do the same.
Duane Hoyt June 7, 2013 at 08:25 am
Marcy doesn't care about Lakewood. Dennis Kucinich wouldn't allow this to happen, but thanks toRead More Republican (Kasich) redistricting, Dennis had to run against Marcy, and he lost. Remember this when Kasich runs against local Lakewood man Ed Fitzgerald runs for Governor.
Ron Dodson June 8, 2013 at 07:10 pm
Members of Congress tack on amendments to bills all the time that only benefit a handful of theirRead More constituents. If there was ever a time for a pork barrel move, this would be it. You're right Duane, this would have never gotten this far if Dennis was still next door to the Westerly.
Lidia Trempe June 15, 2013 at 10:06 am
After two weeks of being lost in Cleveland, Mordecai has come home!! He had traveled 3 miles fromRead More where he was lost. A huge thank you to Eve, who lured him out of a huckleberry bush with hot dogs! He looks great and hasn't lost too much weight, and is being showered with bacon and steak. We hope to be able to pay this forward as much as we've been helped, thank you everyone for your time, thoughts and hard work!! https://www.facebook.com/lostinlakewood
Megan Rozsa (Editor) June 17, 2013 at 10:55 am
I'm so happy he's home now! Thanks to everyone who helped keep an eye on him by sharing this post!Read More :) Patch in action!
Mary Beth Moore June 17, 2013 at 10:36 pm
Thank goodness he is back home with Lidia and fam, where he belongs - yay!!! And the outpouring ofRead More community support for this sweet puppy was amazing. Thankful for this awesome community too!