Category Archives: Great Recession

A Python-esque rite in South Philly

Posted on April 28, 2011 by oddmanout215

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

Posted on April 18, 2011 by oddmanout215

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 →

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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 , , , , , , , | 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 →

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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 , , , , | 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 →

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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 →

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Correction, DN — Corbett wields the chainsaw

Posted on April 1, 2011 by oddmanout215

Here’s Josh Cornfield of the Philadelphia Daily News following up on reaction to the newspaper’s cheesy, Photoshopped front page photo on March 31: The Philadelphia School District apparently loved the Daily News’ cover yesterday as much as district parents and … Continue reading →

Posted in Great Recession, livable cities, mainstream media, Philadelphia, Politics, taxes, unemployment | Tagged , , , , , , | 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 , , , , , , , , , , | Leave a 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 →

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