Posted on 27 February 2015.
Good to see Elizabeth Warren taking on the Trans Pacific Partnership. Aside from her terrific leadership opposing Wall Street, her views on some other issues (for example, her fairly mainstream blindly pro-Israel views) have been less clearly progressive. But kudos on this.
Posted on 26 February 2015.
Let me give credit, up front, to a splendid idea from the actors Greg Wise and Emma Thompson that clarified my own outrage at a simple reality: the bankers destroyed the economy with their greed and incompetence, the Obama Administration lets each bank CEO off the hook with a negotiated deal for a fine that the institution, not the banker pays, and with no jail time for a single high-ranking Wall Streeter and WE PAY FOR THIS.
That’s right: each one of us, with our taxes, pays for this sleazy deal with the financial elite.
Posted on 25 February 2015.
We’ve never had a problem with finding money in the federal budget. Iraq War/Afghanistan/Drones? Pfft…a few trillion, no problem. Tax cuts for the rich? Here, take hundreds of billions of dollars. The problem is PRIORITIES and MORALITY.
Today, the question boils down to: does the Congress want to help 25 million kids and their families have a few dollars more in the household budget–to buy food, clothes and pay for heating–OR would the Congress rather give billions of dollars in useless, wasteful tax cuts to business?
Posted on 24 February 2015.
It’s still too low in actual terms. But, tipped restaurant workers in New York will get a bump.
Posted on 23 February 2015.
The gun is still being to the head of the people of Greece. Give us more austerity for a better future, cry the bankers. But, truth is more stimulus is the answer.
Posted on 20 February 2015.
To be sure, the austerity mongers around the world want to throttle and silence the new Greek government lest the revolt against austerity spread to other countries. But, in this fight, the Greek government–in particular, Prime Minister Alexis Tsipras and Greek Finance Minister Yanis Varoufakis–are really waging another campaign: against right-wing racism and xenophobia. And there’s something to be learned about this for politics in the U.S.
Posted on 19 February 2015.
The problem with press releases and economic gorilla dust is no one bothers to do the math. So, Wal-Mart will get a lot of hugs and free good press from announcing that it will raises workers’ wages–but the truth is it’s still a sham. People working for Wal-Mart will still live in poverty. The only positive part of the announcement–though unintended–is how Wal-Mart’s announcement shows how pathetic the pre-election (is it even still on the agenda?) White House-Democratic Party’s signature minimum wage proposal is.
Posted on 17 February 2015.
The austerity mongers, who have essentially ravaged economy after economy around the world, are on the brink of destroying Greece. But, Yanis Varoufakis, Greece’s finance minister, isn’t ready to be broken.
Posted on 13 February 2015.
Whew. Though to paraphrase Dylan, I really don’t need The Economist to tell me this.
Posted on 12 February 2015.
Some things you gotta like in the president’s tax plan. Other things…not so much.
Posted on 11 February 2015.
It’s nice the president wants to go after tax dodging corporations who stash dollars overseas. But, it seems like he’s offering those dodgers a sweet deal.
Posted on 10 February 2015.
From talking to people here and there, I think there is a pretty strong chance that “fast track”–and, perhaps, even TPP–will be defeated in the House thanks to a left-right alliance. That alliance is nothing new, however. Even if The New York Times has just discovered it.
Posted on 09 February 2015.
Say it like it is, Bernie.
Posted on 04 February 2015.
If you want to know why the Wall Street elite and the bankers who robbed us blind are laughing all the way to their mansions, it’s because the joke is on YOU. On every American. Because after they robbed the country, and destroyed millions of jobs and trillions of dollars in value, YOU get to pick a nice part of the tab.
Posted on 03 February 2015.
Just to close the loop on a farce I’ve written about a couple of times recently (here and here), please try not to be too impressed by the optics of the publicly announced $1.37 billion fine agreed to by Standard & Poor’s to settle charges of inflating mortgage ratings. It’s rubbish. And it means the day is coming soon when the new financial industry scandal/scam will unfold and screw millions of hard-working people.
Posted on 02 February 2015.
So, you really have to work hard at lying or fibbing or misstating the facts to get the traditional media elites to come down hard on you when it comes to so-called “Free trade”. Those elites have been cheerleaders for the rancid NAFTA-style trade deals going back three decades. But, the president has earned it when it comes to his claims about job benefits in the Trans Pacific Partnership: Four Pinocchios, considered “whoppers”, from The Washington Post