Monthly Archives: July 2011

Record heat is a hoax, Limbaugh says


My house was so hot this morning, I didn’t even have to kill any ants. They usually run across the drainboard when I try to make breakfast, but today they must have loaded up on sugar and bagel crumbs and … Continue reading

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A new corporate tax holiday would shock even cynics


Remember the disastrous “tax holiday” Congress granted mega-corporations such as Apple and GE in 2004? The idea was to allow corporations to bring home huge profits they’d stashed overseas, in the hope they might use the money to create jobs. … Continue reading

Posted in Congress, economic collapse, Great Recession, mainstream media, Politics, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | 1 Comment

Obama dumps Warren, keeps streak alive


If political betrayals were base hits, Barack Obama would be approaching the record for hits in most consecutive games. This week he kept the streak going by not nominating Elizabeth Warren to head the Consumer Financial Protection Bureau, the federal … Continue reading

Posted in CFPB, Great Recession, mainstream media, Obama, Politics, Wall Street | Tagged , , , , , | 2 Comments

Bastille Day for the well-fed


The crowd called for Marie Antoinette’s head, they bellowed for it, but in the end the only guillotine victim was a watermelon. The master of ceremonies sentenced the French queen to become Arnold Schwarzenegger’s new housekeeper, not a bad fate … Continue reading

Posted in economic collapse, fiction, food, Great Depression, Great Recession, mainstream media, Philadelphia, Politics, unemployment | Tagged , , , , , , , | Leave a comment

Sound and fury, signifying status quo


Joseph Stiglitz, a few months ago in Vanity Fair: The more divided a society becomes in terms of wealth, the more reluctant the wealthy become to spend money on common needs. The rich don’t need to rely on government for … Continue reading

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Will Obama side with workers? Don’t hold your breath


I saw this from WP posted on Suburban Guerrilla and could hardly believe I was reading about a Democratic president: SEATTLE — President Barack Obama is calling once again for Boeing Co. and its workers to resolve their differences without … Continue reading

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Is Obama Bugs Bunny or Yosemite Sam?


Here’s Paul Krugman last week in The New York Times, urging Barack Obama “to draw a line in the sand” regarding the debt ceiling issue: So what’s really going on is extortion pure and simple. As Mike Konczal of the … Continue reading

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