the power of a bailout?!

This is a repost from a friend, Asher Edelman, who has particular insight into the economy. We agree with him that the economy will not be helped by propping up failing financial institutions without making them responsible for their failings, and without helping the people who are being harmed. A strong economy is dependent on a vibrant middle class — and that middle class is the group most beset by the current financial crisis. Please feel free to pass along Mr. Edelman’s insights to whomever expresses an interest, and to those who may actually have some influence over the current flailing going on at the high levels where these decisions are being made


This morning we learned of the Citicorp bailout, so far the largest of the combined guarantees/ grants given by government. It is interesting to note that the large part of the Citicorp package is in the form of guarantees. At best these guarantees resemble interest free loans, at worst gifts. In either event, the taxpayer is the loser. Would it not have been better for government to have bought the risky assets at a discounted price and reduced interest and principal payments to borrowers? We have not yet reached out to the homeowners, credit card debtors and other of the disadvantaged borrowers. Without this outreach, bailouts to the banking community will not help revive the economy.
The nature of the bailouts put in place so far is highly inflationary and unbalanced. Though we are in a deflationary moment in the cycle the plans, as currently extant, will prove to be highly inflationary and put the longer term picture at great risk of runaway inflation. Solutions are not simple, but clearly require focus broader than sating Citicorp’s and Goldman Sachs’ needs.

Asher B. Edelman

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Asher B. Edelman
Edelman Arts, Inc.
47 East 63rd Street
New York, NY 10065

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Christopher Winter Spook-a-rama
October 30- December 6

By Rebekkah Hilgraves

*RadHaus Solutions*: ActiveCampaign Certified Consultant. Marketo Certified Expert. Solutions Architect. Marketing automation implementation, integration, best practices, governance. Marketing automation, with a heavy dose of nerd.

*RadHaus Studio*: Broadcast and recording engineer, media production manager, cable monkey, marketing dork, project manager, chief cook and bottle-washer.

A seasoned trainer, marketer, web producer and front-end developer, solutions architect, writer, consultant, broadcaster, recording engineer, and public speaker, I've worked in eLearning, Instructional Design, CMS, Marketing Automation and CRM (especially Marketo, ActiveCampaign, and SimplyCast), content delivery and management, taxonomy, SEO, media production and technical support. I bring a unique blend of experience and expertise.

Through RadHaus (formerly SheTech and Company), and in partnership with ELK // Obscura Media, and Prove digital marketing agencies, I have supported enterprise clients in marketing automation implementation and operations, digital marketing and data strategies. I help design and operationalize custom integrated marketing programs for businesses, working with audience/user group segmentation, SEO, web analytics, design and UX best practices, multimedia, social media and other strategic web design and delivery mechanisms. I also do hands-on media production and arts marketing, allowing me to remain involved in the arts.

As part of Marketo's education team, I managed the production and publication of eLearning modules, and was a key member of the LMS implementation and certification development teams.

A consultant on the Web Operations team for OppenheimerFunds in New York, I offered technical, production, and strategy support on a major web site redesign project.

As Managing Editor for an online news magazine published by NetQoS, I supervised and managed the migration of the site from a legacy content management system to a .NET-based commercial system. I maintained the site and the content, updating the magazine with new content from industry analysts and technical experts on a weekly basis.

My earliest foray into both technology and training was as a software trainer for logistics company Cheetah Software Systems, helping create an implementation and training practice standard for the company, and building their user documentation.