Working Life

    Yesterday, Bill Clinton foolishly called on the country to use the bank robber Willie Sutton’s maxim to address the debt "crisis" (which, in my opinion, is a phony crisis) by going where the money is. Foolish because Clinton pointed the finger at entitlements. But, the real place where the money is lies with […]

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    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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    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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   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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   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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   The man behind the curtain is working hard, I’ll tell you. The spectacle out front, full of blaring headlines and prosecutors hype, tells us: we got those bad guys. Really? Nonsense.     We’ve all read about this: Federal prosecutors in Manhattan accused Raj Rajaratnam, the chief of the Galleon Group, of being at the […]

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     Earlier today, I wrote about John Boehner’s very loose connection to the actual facts of our economic crisis. Well, in the meantime, Boehner is in trouble with the facts and a whole bunch of Catholic professors. To wit: More than 75 professors at Catholic University and other prominent Catholic colleges have written a […]

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   Rhetoric is a good thing–except when you have the facts wrong. And, boy, the relentless, daily idiocy spewed out of the mouths of our elected officials about the economic crisis is astonishing. Consider, this morning, Speaker of the House John Boehner. Two days ago, Boehner gave a speech to the Economic Club of New […]

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    Do not get distracted by the claims by people who want your vote. Nothing has changed. The robbery of the wealth of the country continues. And the rhetoric aiding and abetting the robbery is going to get ramped up around corporate tax cuts.     Let’s start with the hardship sweeping the country…It’s been a […]

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    Earlier today I wrote about the plan by the European Commission to launch an anti-trust investigation into the credit default swaps market. I thought I was done for the day but now comes word that our own government appears to be going the other way: weakening important rules for derivatives that were part of […]

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