Category Archives: Great Depression

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

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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

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

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‘Rentiers’ to the jobless: Your pain is our gain


Those trying to escape the saga of Anthony Weiner and the Weiner-ettes may not have seen Paul Krugman’s Friday column, which focuses on the relentlessly high unemployment rate and on the fact that the most powerful people in government — … Continue reading

Posted in economic collapse, globalization, Great Depression, Great Recession, mainstream media, New York Times, New York Times op-ed, Obama, Politics, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | 1 Comment

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

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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

Beware the curse of Mubarak’s tomb


Sir Joseph Whemple: [translating inscription] “Death [and] eternal punishment for anyone who opens this casket. In the name of Amon-Ra, the king of the gods.” Good heavens, what a terrible curse! Ralph Norton: [eagerly] Well, let’s see what’s inside! — … Continue reading

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Obama’s bottom line: No, we can’t


If life were a Frank Capra movie, Barack Obama would have looked across the table at Mitch McConnell and said, “OK, Turtle Face, I’ll take this issue to the people and lay out the facts. You’re trying to blackmail Democrats. … Continue reading

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Wingnuts to Daddy Limbaugh: Lie to us


C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001… Perhaps the most astounding statistic is this: From 1980 to 2005, more than … Continue reading

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Kristof to Obama: Do you sweat?


“Mr. Obama has a far better product to sell than Tea Partiers like Mr. [Jim] DeMint. But Mr. Obama needs to connect better with American voters. He needs to lose the cool and start sweating — and slugging.” — Nicholas … Continue reading

Posted in Congress, economic collapse, Great Depression, Gulf, mainstream media, mid-term elections, New York Times, Obama, Philadelphia, Politics, unemployment, Wall Street | Tagged , , , , , , , | 1 Comment