Wednesday, August 20, 2008

A Heads-up for Ogden Economics Wonks and Investors

I.O.U.S.A.: LIVE with Warren Buffett, Pete Peterson & Dave Walker plays in Ogden tomorrow evening

From the stellar investment website, via gentle reader Dorothy Littrell:

Fathom and Roadside Attractions present I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker in an exclusive one night event in select movie theatres nationwide on Thursday, August 21st. This event will include the critically-acclaimed documentary, I.O.U.S.A., and a LIVE discussion about America’s economic crisis and what we can do to change course. [...]
From the producers of Wordplay and the studio that brought you Supersize Me, the must-see documentary I.O.U.S.A. uncovers the source of critical economic concerns that touch the lives of every American. A tapestry of archival footage, hard data and candid interviews woven together, it paints an authentic profile of today’s economic condition. Solutions for how we can impact this nationwide crisis and evolve into a more fiscally sound nation for future generations are offered by the documentary’s powerful conclusion.
“May be to the U.S. Economy what An Inconvenient Truth was to the environment.” - Reuters
Check out the trailer:

The special Ogden one-time screening is calendered for 6:00 p.m. tomorrow, August 21, at Tinseltown Theater, at the Newgate Mall, 36th & Wall Avenue. Tickets will be available at the door. Readers in other U.S. cities can find tomorrow's local screenings here. In a political environment where most folks are fixated on the two hopeless economic dunces who are running for the office of President of the United States, this special screening provides lumpencitizens a golden opportunity to find out what's really rotten in the good ole U.S. of A.


Curmudgeon said...

Thanks for the heads up. [I will pass over in polite silence your dismissing both presidential candidates as "hopeless dunces."] And I'll catch the flick this time, or on order, having read much about it.

But have to tell you, Rudi, I am not at all optimistic that anything substantive can be done because, sadly, the American electorate has little knowledge of and little interest in learning about the national economy. If you doubt that, look how effective promising to lower taxes [regardless of whether that makes any economic sense or not] has been as a way to win votes.

There are surveys galore out there, and more serious studies, that make it painfully clear that the area most Americans, most college students, most voters, most adults, most young people, most old people [pick whatever group you like] know least about is economics.

Describing this film as "An Inconvenient Truth" for the economy is flattering, but we ought to note that, to date, since "An Inconvenient Truth" appeared, we have done nearly nothing by way of establishing a national energy policy. And one of the two national candidates for the presidency has adopted as his current appeal to the voters the mantra "Drill! Drill! Drill!" And it seems to be working for him, as harassed and hard pressed voters grasp at the hope of a five cent a gallon reduction in gas prices seven years from now, while ignoring the long-term costs [economic and environmental] of continuing our addiction to imported petroleum and the inevitable continuing mass transfer of American wealth overseas, and in particular to the Middle East. And of course we will put much, if not most, of the cost of importing that oil year after year after year on the national credit card, just as we are doing now.

So, Rudi, however effective the film may be, I am not optimistic that much is going to change anytime in the near future. Certainly our Congressional leaders aren't going to level with us any more than they leveled with us about the Savings and Loan crisis some decades ago, preferring to keep the hemorrhaging of the S and Ls quiet for nearly a year, until the election passed, thus ultimately costing the taxpayers many many millions more to pay off the insured deposits in the failing S and Ls.

Pessimistic? Maybe. I'd say realistic might be a better term.

Wm M said...

I hope Warren Buffet does "A Pirate Looks At Forty" ... I love that song ...

I'm here all week - try the veal ...

buy now pay later said...

Thanks for the info. I will look for it on dvd. I admit to not knowing a lot about economics, but I do have much concern about the deficit and common sense says, "lowering taxes" doesn't make the deficit go away.
"An Inconvenient Truth" was an apt comparison for me. The deficit is a huge problem that will gain awareness momentum with dramatic illustration like this film.
Prior to Al Gore's film, grocery store workers looked at me funny and were put out when I did things like reuse my grocery bags. Now they think it's cool. Just the change in acceptance and awareness by the general population has been huge from that media push. I guess that's what it takes to make the general pop culture consumer take notice.

Tec Jonson said...

good for tinseltown showing an intellectually stimulating flik. What about the Mega13 at the Junction. Oh yeah, it's owned by Larry Miller, purveyor of senseless violence, anger, vulgarity and child porn in the form of top rated hollywood swill.

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