Posted on 25 May 2011.
Tomorrow, Peter Peterson is going to hold another one of his dumb national "fiscal summits" to further fan the flames of the phony debt and deficit "crisis"–a non-existent crisis that covers up the bigger problem of the widening divide between rich and poor. Since people want to talk about saving money, let’s start by […]
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Posted on 24 May 2011.
Sigh. Dumb economics again–promoted by a whole lot of good Democrats who just cannot embrace the idea that you cannot fix so-called "free trade" deals by pretending to retrain people for new jobs. It’s a false, cruel promise. At first glance, it looks like a hard fight on behalf of workers: Forty-one Senate Democrats […]
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Posted on 21 May 2011.
I have a good friend who is always sputtering about "how terrible our educational system is because how can people think this?", whatever the preposterous "this" of the moment is. But, I see it differently. Sure, the stupid, mindless invective streaming from FOX News and much of the traditional press is central to framing […]
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Posted on 20 May 2011.
I saw this just now. We need to keep alive the memories of those miners who died because of greed and avarice. On the NYTimes website just now: In the first comprehensive state report on the 2010 coal mine disaster in West Virginia, an independent team of investigators put the blame squarely on […]
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Posted on 20 May 2011.
I think Carl Levin knows the dance underway. His investigation into the financial meltdown is over. He has forwarded his findings to the Justice Department for civil or criminal action. And, now, I suspect he thinks there will be an attempt to bury the whole mess–and the specific role Goldman Sachs played in the […]
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Posted on 19 May 2011.
Ha! You wonder, why I would praise one of the people most determined to destroy a decent government? Because he may have single-handidly cratered the idiotic "Gang of Six". So, for that, he deserves praise. The whole premise of the "Gang of Six"–Democratic Sens. Mark Warner, Dick Durbin and Kent Conrad and Republican […]
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Posted on 18 May 2011.
It’s bad enough that the global financial crisis has put millions of people out of work and trashed the future of the ranks of workers everywhere. But, let’s take a moment to consider an undercurrent of the economic crisis, fanned by fear, stupidity and the relentless drive to cut government (oh, that comes under […]
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Posted on 17 May 2011.
I have been arguing for some time now that the deficit and debt "crisis" are completely made up and phony. There is no crisis. But, at the very least, if you want to get rid of deficits, there is a simple path: spend MORE on jobs and raise incomes by promoting broad unionization. California […]
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Posted on 16 May 2011.
This past week, I made the point that the conviction of Raj Rajaratnam was a tale of a relatively little fish getting nabbed, while the big fish who caused the biggest disaster and heartache for most Americans get away. Or cover-up what they have done. Bank of America, Citigroup, G.M.A.C., JPMorgan Chase and Wells […]
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Posted on 14 May 2011.
Wall St was rumbling yesterday as we clogged the streets with a message: {attachment id=164 size=medium} No reason to have teachers cut or Medicare slashed. Make them pay.
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