Category Archives: economic collapse

Shoeshine boys debate job creation


[The job creators] have no intention of creating jobs now or in the future. They don’t have to create jobs and there’s nobody out there to make them do it. They simply will reduce the number of jobs they have … Continue reading

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Thank Obama, the anti-FDR, for the sequester


America is waiting for a message of some sort or another. – David Byrne and Brian Eno It ain’t pretty, the damage Barack Obama has done to working people by trying to cozy up to Republicans over the last four-plus … Continue reading

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There will be blood (or more apathy)


There’s nothing new about eras in which the rich grow richer as the majority slips into the ditch. Or about gilded ages being followed by periods in which worker incomes rise. In between are those interesting chapters in which the … Continue reading

Posted in economic collapse, globalization, Great Depression, history, mainstream media, Occupy Wall Street, The New Depression, unemployment | Tagged , , , , | Leave a comment

Obama’s jobs plan… Is that all there is?


OK, here it is, the one substantive suggestion regarding job creation in Barack Obama’s State of the Union address, dutifully reported by The Hill: “Tonight, I propose a ‘Fix-It-First’ program to put people to work as soon as possible on … Continue reading

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Will Obama get real about jobs?


[Hard to tell why the woman in the video is working herself up to jump off a bridge. Maybe it’s Jolson’s voice.] I’m posting this right before the State of the Union address, in the hope that my remarks will … Continue reading

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Joking about the jobless in The Times


There are many jerks in positions of authority, but this fact isn’t likely to hit you on a gut level unless you’re unemployed and in debt and sending resumes to that black hole in the Internet where job applications disappear. … Continue reading

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A rear-view glance at Lance


Between Lance Armstrong admitting he was doping and Jodie Foster coming out as a lesbian, it has been a rough week for the clueless. — Bill Mayer, Real Time, Jan. 18 I groan when the corporate media declare a new … Continue reading

Posted in bicycling, dirty rotten scoundrels, economic collapse, humor, liar, mainstream media, The New Depression, unemployment, Wall Street | Tagged , , , , , , , , | Leave a comment

Safety measures too ‘costly’ for Walmart


Officials at the retail monster called Walmart couldn’t install emergency exits at the Bangladesh factory where more than 100 workers died in a Nov. 4 fire. Too cash-strapped, it seems: … In a meeting last year, Walmart officials decided against … Continue reading

Posted in dirty rotten scoundrels, economic collapse, unemployment | 1 Comment

Grayson: Grand Bargain is bunk


Alan Grayson’s tie is goofy, but I like what he has to say about the false need for a so-called Grand Bargain: “An artificial crisis is being instituted to steal from us, to steal from the middle class, and to … Continue reading

Posted in economic collapse, taxes, The New Depression, unemployment | Tagged , | 1 Comment

Working class rides train to nowhere


The lead paragraph from a smart piece in The New York Times Magazine that explains why the old jobs are never coming back, and why any politician who says they are is a liar: As anyone who rides Amtrak between … Continue reading

Posted in apocalypse, economic collapse, Great Recession, life in the big city, New York Times, The New Depression | Tagged , , , , | Leave a comment