Category Archives: economic collapse

A plague on Republicrats!

Posted on April 13, 2011 by oddmanout215

Will Barack Obama keep the promise he made today and oppose extending the Bush tax cuts next time? Will it even matter when the Republicans are finished screwing around with the tax code? The ugly truth is that Obama and … Continue reading →

Posted in economic collapse, finance reform bill, globalization, Great Recession, Iraq war, mainstream media, Politics, taxes, unemployment, world-wide economy | Tagged Barack Obama, D.C. Democrats, infrastructure, Iraq war, Joseph E. Stiglitz, Mercutio, plague on both your houses, wealth inequality | Leave a comment

How to negotiate like Neville Chamberlain

Posted on April 9, 2011 by oddmanout215

John Boehner’s target was $40 million in budget cuts. He got $38.5 million. And yet talking heads on MSNBC will almost surely try to spin the budget deal as some sort of victory for Democrats and working people, just as … Continue reading →

Posted in Congress, economic collapse, Great Recession, mainstream media, Obama, Politics, unemployment | Tagged Barack Obama, budget cuts, government shutdown, John Boehner, MSNBC, tax cuts, ThinkProgress | Leave a comment

How do Paul Ryan do that voodoo he do?

Posted on April 8, 2011 by oddmanout215

I vote “yes” on Robert Reich’s call for higher taxes on the rich: …Remarkably, taxes on the top have plummeted. From the 1940s until 1980, the top tax income tax rate on the highest earners in America was at least … Continue reading →

Posted in economic collapse, Great Recession, mainstream media, New York Times, Obama, Politics, taxes, unemployment, world-wide economy | Tagged budget plan, Congressional Budget Office, deficit, Rep. Paul Ryan, tax cuts | 1 Comment

The Obama trap is closing on progressives

Posted on April 6, 2011 by oddmanout215

From the Animals: My little girl you’re so young and pretty/And one thing I know is true/You’ll be dead before your time is due/Yes you will. From Michael Gerson in The Washington Post: Obama now has Republicans cornered in budget … Continue reading →

Posted in economic collapse, Great Recession, mainstream media, Obama, Politics, taxes, unemployment | Tagged $30 billion, Barack Obama, bonus tax cuts, budget cuts, progressives, Republican leaders | Leave a comment

To NY Times, economic rut is recovery

Posted on April 4, 2011 by oddmanout215

The lead paragraphs and headline — “Job Growth Suggests Resilience of U.S. Recovery” — of a recent New York Times article suggests, Herbert Hoover-style, that prosperity is just around the corner. The real story is buried deep in the text: … Continue reading →

Posted in economic collapse, Great Recession, Iraq war, mainstream media, New York Times, Politics, unemployment | Tagged Bill Keller, economy, Iraq, jobs, New York Times, objectivity, real earnings, recession, recovery, resilience | Leave a comment

Denial is just a sign of the times

Posted on March 29, 2011 by oddmanout215

This is what happens in other democracies when bankers try to reward themselves for helping to ruin the world economy: Britain has a rival when it comes to bashing bankers. After a furious row over pay packages at Amsterdam-based ING … Continue reading →

Posted in Congress, economic collapse, globalization, Great Depression, Great Recession, mainstream media, Obama, Politics, taxes, unemployment, Wall Street, world-wide economy | Tagged Amsterdam, bailouts, bonuses, Chris Hedges, denial, General Electric, globalization, Great Depression, ING, Netherlands, Wall Street | Leave a comment

First, Dems give away the store. Then they haggle.

Posted on March 28, 2011 by oddmanout215

This is what happens when you supposedly represent the interests of working people but are too timid, dishonest or stupid to fight for those interests: Republicans are poised to reject a White House offer, TPM has learned, that would cut … Continue reading →

Posted in Congress, economic collapse, Great Depression, health care, mid-term elections, Obama, Politics, taxes, unemployment | Tagged $30 billion, budget cuts, Congress, ecomomic recovery, Harry Reed, John Boehner, Mitch McConnell, Obama | 1 Comment

New Deal soon for the jobless? More like no deal

Posted on March 27, 2011 by oddmanout215

Frances Fox Piven recently addressed the plight of the long-term unemployed and, perhaps more strongly than she intended, linked it to President Obama’s failure to act as a forceful advocate for jobs creation. Piven cited Obama’s lukewarm efforts to persuade … Continue reading →

Posted in economic collapse, Great Recession, Obama, Politics, unemployment, world-wide economy | Tagged 2012 election, D.C. Dems, Frances Fox Piven. President Obama, long-term unemployment, magical thinking, progressives, third-party candidate | Leave a comment

For labor foes, Triangle fire never happened

Posted on March 26, 2011 by oddmanout215

Yesterday was the 100th anniversary of the Triangle Shirtwaist Factory fire and a good time to acknowledge there are powerful people still determined to undo the progress made by organized labor in the aftermath of that disaster. Here’s Robert Reich … Continue reading →

Posted in economic collapse, globalization, Great Recession, mainstream media, Obama, Politics | Tagged 1911, FDR, Frances Perkins, George Wallace, Gov. Paul LePage, Maine, mural, Mussolini, organized labor, Reagan, Samuel Gompers, secretary of labor, Triangle Shirtwaist fire | Leave a comment

Nader to Dems: Are you with labor or agin’ it?

Posted on March 22, 2011 by oddmanout215

From The Raw Story : In an extended interview with Middle East news network Al Jazeera, consumer advocate and repeat U.S. presidential candidate Ralph Nader suggested that President Barack Obama is not supporting the labor movement because “they have nowhere … Continue reading →

Posted in Congress, economic collapse, globalization, Great Recession, mainstream media, Obama, Politics | Tagged 2000 election, Al Gore, Al Jazeera, George W. Bush, labor unions, Madison, Obama, popular revolt, Ralph Nader, Supreme Court, Wisconsin | Leave a comment