Obama’s Economic Plan Astrology

Spend or save for economic growth?

Last weekend  I watched the debate between Paul Krugman and Niall Ferguson on Fareed Zakaria’s show GPS.  Paul Krugman is a Nobel prize-winning economist and author with an expertise in international economics, and Niall Ferguson is a historian with a specialty in economics with a conservative approach to economics which include replacing a graduated income tax with a 35% sales tax and replacing public social security with a privatized system.  So it’s no surprise that these two have been engaged in a debate over how best to save the global economic system.  In some ways, they epitomize the ongoing debate on the subject.

To recap the astrological background, in 2008 we moved from an expansive Pluto in Sagittarius economy driven by optimism, debt and spending to a contracting Pluto in Capricorn economy.  For the previous fifteen years, the more people spent the more business was done, and the more jobs there were, and the more money was available for spending.  But Pluto in Capricorn is not expansive – it does not support an economy based on spending money that does not exist.  It’s practical and realistic, and sheds light on areas of illusory economic fallacies.

Here is the transcript from the CNN segment where both Krugman and Ferguson have an opportunity to defend their position. Krugman has argued from the beginning that more stimulus money is needed.  Borrowing is cheap now, and stimulating the economy will help create jobs.  Zakaria, who in my view is one of the smartest people alive today, points out the American corporations are exceptionally healthy right now, and sitting on lots of cash, and asks the question “Why are they not hiring more workers?”  Ferguson’s response […]

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By |2010-07-12T07:39:25-04:00July 12th, 2010|Money and markets|3 Comments

Saving the Economy: Capricorn vs. Sagittarius

As most of you know who read this blog regularly, Pluto has just transitioned from the optimism sign of Sagittarius to the practical sign of Capricorn.  Since Pluto presides over issues of death and endings we have seen some real chaos in our financial systems as we move from a process where blind faith (Sagittarius) creates results to a process where the foundations must be solid in order to achieve success (Capricorn).

Hank Paulson, an Aries with a lot of fire in his chart, convinced Congress while Pluto was still in Sagittarius to have faith in him, to believe in what he was doing (both excellent Sagittarian qualities) rather than present a solid plan for success which would have been a more Capricornian style.  Throwing money at a problem to generate more optimism may be what worked while Pluto was in Sagittarius, but under the Capricorn influence more details are required which is why his $700bn bailout plan will not work.

Capricorn is all about building something lasting for future generations, and as I wrote back in August of 2007, the infrastructure in the US and around the world is in desperate need of rebuilding.  As I wrote last year:

The buzz around this issue makes it clear that the need to rebuild the infrastructures on which we depend for our daily lives is going to be a highlight of the upcoming Pluto in Capricorn period. Capricorn is associated with the structures of society and building itself. Dams, bridges, tunnels, subways – many of these were built over 100 years ago with little or no improvements over the years. The failure of the levees in New Orleans were the first reminder that the old infrastructures were in danger, but little attention was paid.

The debacle […]

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By |2020-11-03T13:27:51-05:00December 8th, 2008|Money and markets|Comments Off on Saving the Economy: Capricorn vs. Sagittarius