Working Life

Once again, the elites are confounded. They don’t understand why the economy isn’t performing very well. And it leads them to pay attention to the wrong things.

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Numbers sometimes tell a story. Today, it’s 63 million. 63 million is the only number you can remember to explain to the dim politicians and “analysts” who just don’t understand why the global economy is stumbling along. It’s simple math.

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A few of us have never bought the idea that the world economy has recovered from the financial crisis—mainly because people were struggling to make ends meet before the crisis. Add to that a mind-boggling obsession to impose austerity on the very people are struggling and, presto, you have the perfect storm for a mess. And just in the past 24 hours we get a flavor of this.

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   A few months ago, I spent 5-6 hours interviewing Paul Krugman for Playboy magazine. It’s now on-line here. He speaks candidly–surprise–about the economic misdeeds of Wall Street, the foolishness of the current austerity obsession and focus on the non-existent debt crisis, and a whole range of topics including his view that the Obama Administration […]

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   I’ve written a lot about the complete immoral insanity of the obsession over the phony debt and deficit "crisis"and the rush to impose austerity on the people when we really need much more public spending to employ the masses of people who are falling, falling, falling further behind. Well, truth is austerity is not […]

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   Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY: shrink the economy even more in return for not…plunging the economy even deeper.    The people in Greece have had enough–and they’ve […]

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   You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]

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   It is a sign of how truly leaderless we are, from Congress to the White House, that people are slobbering over a billionaire’s declaration that the rich should pay more in taxes. Well, duh.    But, let me be one voice who cautions, at the sight of so many puppies rolling over in joy […]

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   Every day, there is a new joke about the economy–though, the joke is a cruel one on most normal people and unfortunately, the transcribers of the news (nee "journalists") don’t get the jokes largely because they are (a) really dumb and/or (b) don’t really care and/or (c) are so wrapped up in being "serious" […]

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    This is so absurd it made be burst out laughing in the midst of a sip of coffee this morning–and fittingly the coffee splashed over the idiotic front-page article in The New York Times (yes, I still read the actual paper version) that hails the newest words from the mountaintop, wisdom passed down from […]

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