Category Archives: economic collapse

Osama, we hardly knew ye!


Put on your waders, here comes the presidential bullshit: Tonight, let us think back to the sense of unity that prevailed on 9/11. I know that it has, at times, frayed. Yet today’s achievement is a testament to the greatness … Continue reading

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A Python-esque rite in South Philly


Ah, the rites of spring in the `hood! You know — palm weaving, the Easter Parade on South Street, race riots in Grays Ferry. Here’s one that was new to me — the Good Friday re-enactment of the crucifixion of … Continue reading

Posted in economic collapse, globalization, Great Recession, immigration, livable cities, mainstream media, NJ, Philadelphia, Politics, Wall Street, world-wide economy | Tagged , , , , , , , , | Leave a comment

Brooks, the Earnest Weasel, nips at Obama


This because it’s been a long while since my last installment of the Weasel Watch: President Obama and Paul Ryan are two of the smartest, most admirable and most genial men in Washington. It is sad, although not strange, that … Continue reading

Posted in David Brooks, economic collapse, Great Recession, mainstream media, Obama, Politics, taxes | Tagged , , , , , , , , | Leave a comment

A plague on Republicrats!


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 , , , , , , , | Leave a comment

How to negotiate like Neville Chamberlain


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

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How do Paul Ryan do that voodoo he do?


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 , , , , | 1 Comment

The Obama trap is closing on progressives


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

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To NY Times, economic rut is recovery


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

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Denial is just a sign of the times


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 , , , , , , , , , , | Leave a comment

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


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 , , , , , , , | 1 Comment