Category Archives: economic collapse

A major glitch in the Romneybot


From the always-quotable Matt Taibbi: Most presidents have something under the hood – wit, warmth, approachability, something. Even the most liberal football fan could enjoy watching an NFL game with George Bush. And even a Klansman probably would have found … Continue reading

Posted in campaign finance reform, economic collapse, liar, Mitt Romney | Tagged , , , , , | 4 Comments

U.S. Olympic team uniforms made in China


How fitting — so to speak: When the United States Olympic Team enters the Games’ opening ceremony at Olympic Stadium in London, it will be outfitted in official uniforms designed by Ralph Lauren. And though the 530 men and women … Continue reading

Posted in economic collapse, globalization, Great Recession, humor, unemployment | Tagged , , , , | 1 Comment

Sorkin channels Howard Beale in ‘The Newsroom’


Here’s Ta-Nehisi Coates, an Atlantic editor and blogger, quoting from Aaron Sorkin’s “deeply unpleasant, condescending and sexist” interview with the Globe and Mail: “I think I would have done very well, as a writer, in the forties,” [Sorkin] says. “I … Continue reading

Posted in economic collapse, globalization, mainstream media, Obama, Politics, The New Depression, unemployment | Tagged , , , | 2 Comments

Rich Greeks feel fine


From Guardian UK: …Since the outbreak of Greece’s runaway debt crisis, its moneyed class has been notable more by its absence than presence. Oligarchs, who made vast fortunes cornering the oil, gas, construction and banking industries, as well as the … Continue reading

Posted in apocalypse, economic collapse, pop music, The New Depression, unemployment | Tagged , , , , | 1 Comment

In Philly, taxed extra for paying taxes


Just what a struggling major city needs — more property tax hikes for tax-paying property owners, in order to make up for the huge amounts owed by deadbeat property owners, many of whom don’t even live in Philly: From Patrick … Continue reading

Posted in economic collapse, livable cities, Philadelphia, taxes | Tagged , , , | 2 Comments

America colonized again


From The National Employment Law Project, May 10: Long-term unemployed workers in a growing list of states are being abruptly cut from federal unemployment insurance, a new analysis from the National Employment Law Project shows. Due to reductions Congress enacted … Continue reading

Posted in economic collapse, globalization, mainstream media, The New Depression, unemployment | Tagged , , | 2 Comments

When will Obama ‘evolve’ on jobs?


From MoveOn.org: Breaking: The Obama Announcement That May Just Make You Cry And after the sappy headline: Yes! We couldn’t be more excited! As MoveOn Executive Director Justin Ruben puts it: “This is a historic day. The president’s support for … Continue reading

Posted in economic collapse, globalization, Obama, The New Depression, unemployment, Wall Street | Tagged , , , , | 1 Comment

Cut food stamps, save the F-35!


And save the rich from having to return to those grim days before the Bush tax cuts, which have, over the past decade, added $2.4 trillion to the federal deficit. From ThinkProgress: Yesterday, House Republicans moved legislation forward aimed at … Continue reading

Posted in Congress, economic collapse, Great Recession, unemployment | Tagged , , , , , | 4 Comments

It’s the jobs market, stupid


Last week I noted that Mitt Romney — insipid, empathy-free, and a congenital liar — was a gift from the gods to the Barack Obama re-election campaign. But even the gift of Mittens won’t help Obama if he continues to … Continue reading

Posted in economic collapse, globalization, Goldman Sachs, Great Recession, mainstream media, Mitt Romney, Obama, unemployment, Wall Street | Tagged , , | 1 Comment

Bill Clinton’s disastrous assumption


Somebody at Truthdig was pondering the gulf between rich and poor in America and, not coincidentally, thought of the 1996 State of the Union address, in which Bill Clinton “kneecapped Franklin Delano Roosevelt” by declaring that the era of big … Continue reading

Posted in economic collapse, history, The New Depression, unemployment | Tagged , , , | 2 Comments