Author Archives: oddmanout215

Media’s ‘cult of balance’ drags it to the right


Interesting blog yesterday by Paul Krugman, edgier than most of his op-ed columns, sparked by his gloomy conclusion that “the cult of balance, of centrism” is hurting the country more than the cult of right-wing loonies pushing for default on … Continue reading →

Posted in Congress, globalization, mainstream media, New York Times op-ed, Obama, Politics, The New Depression, unemployment, world-wide economy | Tagged , , , , , , | Leave a comment

Groveler-in-chief can’t cut deal on debt


Last night I listened to Barack Obama beg right-wing fanatics to accept his proposed solution to the debt ceiling standoff. He may as well have said, “Come on guys, I’m giving away the store plus all the land around the … Continue reading →

Posted in Congress, economic collapse, Great Depression, Obama, Politics, The New Depression, unemployment | Tagged , , , , , , , , , | Leave a comment

WP newsflash: Obama is no FDR!


It’s a tradition, I guess. The Washington Post reported the Watergate break-in and now, 39 years later, it is still dropping investigative bombshells: Since the Recovery and Reinvestment Act of 2009 — which Obama and his advisers seem to have … Continue reading →

Posted in economic collapse, Great Recession, mainstream media, Obama, Politics, taxes, The New Depression, unemployment, Wall Street, world-wide economy | Tagged , , , | Leave a comment

Media to America: What unemployment crisis?


On and on goes media coverage of the debt ceiling standoff, a shocking spectacle of Democratic weakness and Republican greed. What’s not being covered in the ongoing misery of the millions of Americans who lost jobs and/or homes and see … Continue reading →

Posted in economic collapse, globalization, Great Depression, Great Recession, mainstream media, Obama, Politics, unemployment, Wall Street | Tagged , , , , | Leave a comment

God taps Rick Perry for prez…


… but what about the other Christian worthies? … Lest you think the Lone Star State has the only direct line to the divine, note that, in this presidential cycle, both Michele Bachmann and Herman Cain have said they are … Continue reading →

Posted in God Squad, Great Recession, Politics | Tagged , , , , , , , | 1 Comment

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 →

Posted in enviromentalism, livable cities, mainstream media, Philadelphia, Politics | Tagged , , , , | Leave a comment

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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