A Few U.S. Risk Takers Exist

In a very sparsely populated mini-parade, Apple wants to create jobs here in America, maybe 600,000 soon. This may inspire a few more big and little companies to get with the program...the program of national recovery.

Of course the giant fruit is the same and different. It has much more cash than many, but most U.S. corporations are sitting on piles of cash they've been afraid to invest. We can be sure Apple wouldn't repatriate jobs unless it figured it would do so at a good profit, perhaps equal to Asian factories and without the headaches, logistics issues and terrible PR. It is also certain to use new, highly efficient production to maximize margins and productivity.

There are the lessons all manufacturing companies can learn by observing. Sure, Apple has a cash buffer, but it is also showing moderate amounts of courage, love of country, and business savvy. For the latter, each company doing its part to provide consumers, particularly middle-class ones, enough income to buy their products is the long-term counterbalance to maximizing margins regardless of effects on America.

Meanwhile, the smartest, most America-loving rich types, think Warren Buffet and George Takei as just a few, call for minimum and increased taxes on highly profitable companies and the wealthiest individuals. It's not that they take Matthew 19:21 literally (sell everything and give the money to the poor). While the Montgomery Burns types may see them as traitors to their class, they blend good economic sense and patriotism.

Alas, for all the irrationality about job creators, large and small U.S. corporations in the main do not expand or add jobs, have not for years, and would rather sit on capital than risk it. Even for those who idealize capitalism and idolize capitalists, most bosses are too cowardly and unpatriotic to create jobs.

When called on it, the most common response they provide is that 1) after the great recession, banks and venture capitalists are harder to convince for loans and investments, 2) government regulation and paperwork is just too, too hard, and 3) it's more dangerous financially to make jobs than profit off invested money.

The stench of the gutless is overpowering. The parody of the bold capitalist is risible.

Hell, sure lenders are wary. That just means you have to think your proposal more fully and make the pitch. Do the work. For regulation, it's as light and in many cases lighter than it has been in decades. No excuse here. For risk, that is how business owners define themselves. Take smart risks or retire!

Back Porch Capuano

Now he's mine. I've long admired plainspoken and progressive U.S. Rep. Michael Capuano. As a result of redistricting, as of January, he gets my part of Boston as well as other neighborhoods and other towns.

He's constantly going and was tough to get on Left Ahead. He did join us eventually a few years ago. We'll get him on again.

Two nights ago, he was up on my hill holding forth and shaking hands with about 40 of us. He is introducing himself to his new constituents. As always, his candid talk and answers went over well. I don't think he's capable of lying or even dissembling. While he's proudly lifelong Somerville, his plain talk could fit just as easily in New Jersey or West Virginia, two areas I grew up in where they admire and respect it.
An earlier post contains clips of his predictions for November wins by Barack Obama and Elizabeth Warren.

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Forever Mayor

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He poked fun at himself for retaining his quality-of-life focus from his days as Somerville aldeman and then Mayor. He says he still does non-Congressional things, even ones some people consider stupid, like noting where there are potholes that need fixing. He says, "I think these are the things that really matter to people. I care way too much."

In some way, Capuano is a character in his own long-running play. He clearly enjoys letting voters see his foibles and learn about what makes him angry or pleased. That goes a long way toward humanizing him, so that when he casts a vote in the House you don't necessarily like, you have a sense of why...and if you don't, he'd be willing to explain it.

In fact, his candor and conviction remind me of another beloved member of Congress. In a post here six years ago, I recalled something "...U.S. Senator Wayne Morse (D-Oregon) told me many years ago [in the 1960s]. He was staunchly anti-Vietnam War in a state whose voters had the opposite view. When I asked him about compromises and importance of being counted, he said, 'Don't believe a thing a politician tells you if it doesn't square with his voting record.'"

Monday evening, Cappy spoke as though the crowd didn't know his voting record or politics. Surprising to this wonk, he was right.

Up top, he explained why he voted against invading Iraq, which he saw as not involved in 9/11. In contrast, he voted for involvement in Afghanistan, where al-Quaeda had was being shielded. He approved of the anti-terrorism military activities, but not nation building. However, he thinks we are being far too slow in leaving, as the terrorists have long left. He still would support sending troops wherever al-Quaeda or their ilk move.

He went to controversial issues to explain how he legislates and deals. For a big example, he supported the Affordable Care Act for healthcare overhaul, even though he found it only a good beginning and far from perfect.

He enjoys the process, which he describes as politics are "the most difficult thing you can do without hitting each other." He hasn't appreciated the obstructionism by the GOP for the past several years. In fact, he longs for a return to when "...we got to fight with people we disagree with. Then we have to fight among ourselves about the details. Those family fights are the ones I miss."

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Stand Up, Speak Up

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He said that unfortunately, "my side is full of complainers." He wants both the President and those in Congress to speak up about key issues. "I really want more people on my side to show up and not be afraid to talk about civil liberties."

As much he is willing to mix it up, he says there's an important role for bipartisanship. On the other hand, he said, "There's a big difference between getting along with someone and just selling out." He wants Democrats from the President down to be more aggressive on key issues.

For the long-lasting impasses in Congress, he isn't surprised. He sees it not as a symptom of the Congress members, rather of the national division. "Congress is severely divided" he said because the nation is. The folk voters send to D.C. accurately represent their constituents, hence the conflicts.

For pending issues, he continues to define himself as proud liberal who is a fiscal conservative in the old sense. "I'm not afraid of taxes," he said, "I pay 'em and I have no problems asking you to pay them, but I want them to be used properly." He tells constituents who complain about taxes that if they don't pay them, they don't get the services they want. "You don't get anything for free."

By the way of conclusion, he said plainly that he had no idea of how Congress would act during its lame-duck period looming or even the first six months of the new term. "I'm not optimistic for the next six months or so, but I'm incredibly optimistic for the long term."