Tag Archive | "Crisis"

Growth Not Austerity, Tax Hikes: Why French Socialist Win Is Good for Everyone

     So, it’s not all bad news in the world. Some sanity prevails when real-life economics, not blather about the glories of the "free market", triumphs and one can hope for a bit of truthiness to spread.    First, the good news: President François Hollande’s Socialists and their allies won an absolute majority in runoff […]

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Clueless Jamie Dimon Is Great For A Big Laugh

   I mean, this is pretty funny–except it’s pathetic, bizarre and, ultimately, gives all of us a great window on the "they haven’t learned anything" culture on Wall Street and the business world in general. Jamie Dimon, CEO of J.P. Morgan (and the Ten of Hearts in the 52 deck-of cards Audacity of Greed), is […]

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The “Recovery” Mirage: It Still Comes Down To Wages

    Over the next 18 months, brace yourself for a lot of hand-wringing about the economic crisis we’re in. Every so often, we’re going to be told the "recovery" is just around the corner.  Oh, let’s be clear: the worries will have NOTHING to do with what is actually happening to PEOPLE. It will have […]

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Stop The Deficit Silliness: Even OECD Says High Unemployment Is The Crisis

   My head hurts every time I read about the phony crisis about the debt and the deficit–whether it be the idiotic headlines bowing down to the rating agencies’ hand-wringing (the same bozos who did such a good job blessing the financial instrument trash churned out by Wall Street) or the daily headlines about a […]

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Toss Momma From The Train AKA Paul Ryan’s Budget and The Windfall For Insurers

    Yesterday, I wrote about how much money Paul Ryan pockets from the insurance industry–and how the health care part of the industry was going to make out like bandits in the Ryan budget proposal. This is worth digging into a bit more because you can learn very quickly how the Ryan budget truly boils […]

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Ryan Budget–Windfall for Insurance Industry, His Major $ Contributors

   Yesterday, I wrote that we should not "insult" Rep. Paul Ryan–but we should rip his scary, fraudulent budget to shreds with facts and a competing vision of America. So, to work: not that this would surprise anyone but Ryan’s biggest contributor to his campaigns has been the insurance industry–including the health care part of […]

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Why DEMOCRATS Have Opened The Door To Ryan’s Scary Budget Ideas

    Look, it is easy to jump all over the very dangerous budget proposal put forth by  Republican Paul Ryan–dangerous in what it would mean for any semblance of a decent society. I give a lot of credit to Ryan–he, at least, is clear about the ideology he represents. It’s not hidden. We can’t change […]

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Disasters Are Good For The GDP

  The tragedy in Japan is real and the loss of life truly sad. But, there is one other piece of knowledge to glean today that is a long-term keeper: how disasters are GOOD for the Gross Domestic Product, and what that tells us about how we think about "recovery" and "economic growth".     […]

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Why We Need A Job Party–Today’s Jobs Figures

It is still very grim out there for those people who want decent paying work. Not just a job–but a job that pays a fair wage. Today’s numbers make even more clear–we need a Job Party.   I’ll talk about the Job Party a bit more. But, first, let’s look at the numbers: While the […]

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The Bad News When Good News Happens

   In one sense, this is a good thing: In the strongest employment report since the recession began nearly two years ago, the government said Friday that the nation’s employers had all but stopped shedding jobs in November, taking some of the pressure off of President Obama to come up with a wide-ranging jobs creation […]

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