Posted on 14 October 2011. Tags: Class Warfare, Congressional Research Service, Corporate Greed, Fairness, Millionaires Surcharge, Taxes
Oh, those poor "job creators"…they just can’t get any respect–except from Republicans, and too many Democrats, who run around undercutting jobs programs because of some phony idea that taxing the wealthiest Americans will hurt jobs. Oooopppsss…nope… Embedded in the report out from the Congressional Research Service–which annoyingly doesn’t post reports publicly–which tell us this: […]
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Posted in General Interest
Posted on 08 October 2011. Tags: Baraack Obama, Class Warfare, Congressional Budget Office, Harry Reid, Jobs, Justice, Millionaire Surcharge, Taxes
There is an incredible easy equation to make–both morally and financially. The one percent broke it now they need to fix it. And it all adds up, according to the Congressional Budget Office. The math: The Democrats’ proposed tax on millionaires would raise an estimated $453 billion, more than enough to pay for […]
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Posted on 28 September 2011. Tags: Class Warfare, Financial Crisis, Robbery, Securities and Exchange Commission, Standard and Poor's
I’ve been mystified for a while at the continued willingness to listen to anything that comes out of the mouths of the people at Standard & Poors. The Justice Department is investigating S&P and these fools had a deep role in creating the financial crisis–yet when this discredited group of bozos downgrades the U.S., everyone […]
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Posted on 10 September 2011. Tags: "Free Trade", Barack Obama, Class Warfare, Colombia, Corporate Rights, Middle Class, Peru, Republicans, Retraining, South Korea, Wages
I hate to ruin a good party–or at least the world of the liberal bloviators who want everyone to stand in line and praise the president’s speech last night. Heck, I am glad he was there to push for something–ANYTHING–to be done to try to respond to the great crisis we have. But, […]
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Posted on 30 August 2011. Tags: Barack Obama, Boeing, Class Warfare, Corporate Power, Lindsey Graham, national labor relations board, Organizing, Republicans, Unions, Wilma Liebman
Apparently, in the alternate universe Republicans inhabit, socialism is on the march and the attack against the "free market" is unrelenting. Where? At the National Labor Relations Board, of course. The truth is–shocking, I know–quite different, and it speaks volumes about the playing field for workers in the real world. The NLRB has […]
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Posted on 29 August 2011. Tags: Bailouts, Banks, Class Warfare, Dodd-Frank, Eric Schneiderman, Federal Reserve Board, Goldman Sachs, Greed, Gretchen Morgenson, J.P. Morgan, Jobs, Main Street, Robber Barons
What has been extraordinary to watch over the past 30-40 years is the way in which, when economic crisis strikes, the political and economic leadership of the country leaps into the breach to lend a hand–not to the regular people who suffered the most but, rather, to the very institutions and economic elites who […]
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Posted on 27 August 2011. Tags: "Free Trade", Barack Obama, Class Warfare, Colombia, Corporate Rights, Middle Class, Peru, Republicans, Retraining, Ron Kirk, Slavery, South Korea, Wages
Not a day goes by when we don’t hear from the mouth of some talking head or read the words of a transcriber of press releases (formerly known as a "journalist") about the awful "partisanship" or bi-partisan "paralysis" and failure to "compromise". It’s now a macro embedded in the minds and computers of virtually […]
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Posted on 19 August 2011. Tags: Avarice, Carried Interest, Charles Schumer, Class Warfare, Financial Crisis, Greed, Leon Black, Private Equity, Wall Street
When I wrote the "The Audacity of Greed" in 2008, I had a chapter called "Vodka and Penises" which detailed a rather unique birthday party thrown in Sardinia, Italy, in 2000 by Tyko CEO Dennis Kozlowski in honor of his wife–it featured vodka spraying from the penis of a replica of Michelangelo’s David. Kozlowski, […]
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Posted on 19 August 2011. Tags: Civil Case, Class Warfare, Corruption, Financial Crisis, Incompetence, Justice Department, Robbery, Standard and Poor's, Subprime Mortgages
Over the past few months, I’ve written a number of pieces about the ludicrous spectacle of anyone taking Standard and Poor’s and Moody’s seriously anymore. When S&P downgraded the U.S. rating, it underscored how entirely corrupt the system has become. Joy and celebration: maybe S&P even broke the law. The investigation is […]
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Posted on 17 August 2011. Tags: Class Warfare, False Prophets, Taxes, Warren Buffett
Just a quick addition to my criticism of the Oracle of Omaha’s empty cry for higher taxes. Let’s see, wanna guess how much money Warren Buffett has invested of his multi-billion dollar fortune into pushing a campaign to hike taxes on the wealthy? Zero. Zilch. Nada. Ok, I guess since […]
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Posted in General Interest