Category Archives: Great Recession

Wall Street creep of the week

Posted on May 17, 2012 by oddmanout215

Even the grimmest fiction seems less depressing than many real-life news stories. For example, there’s that poor man in California who killed himself Sunday after a long, unsuccessful fight to avoid being evicted from his home by Wells Fargo, the … Continue reading →

Posted in Great Recession, Obama, Occupy Wall Street, Wall Street | 1 Comment

Cut food stamps, save the F-35!

Posted on May 8, 2012 by oddmanout215

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

Posted on May 6, 2012 by oddmanout215

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

Dad, can I borrow $100K for college?

Posted on May 1, 2012 by oddmanout215

This is premature, but Mitt Romney seems more and more like a gift from the gods to the Barack Obama re-election campaign. The quarter-billion-dollar man is tone deaf but he keeps braying, and each of his pronouncements seem more out … Continue reading →

Posted in Great Recession, humor, Mitt Romney, The New Depression | Tagged , , | 10 Comments

Two-party system = no change

Posted on April 29, 2012 by oddmanout215

I still can’t tell if most “middle-class” Americans understand what hit them, and why, when the economy tanked in 2008. Robert Scheer takes a crack at explaining the catastrophe with what seems the perfect metaphor. But then again, I used … Continue reading →

Posted in casinos, Congress, economic collapse, Goldman Sachs, Great Recession, mainstream media, Occupy Wall Street, The New Depression | Tagged , , , , | 2 Comments

Zizek on OWS: Where to next?

Posted on April 26, 2012 by oddmanout215

Bill O’Reilly recently denounced liberal economist Robert Reich as a communist, and Reich responded to this absurd charge by challenging O’Reilly to debate him. The debate I’d like to see, which will never take place, would be between O’Reilly and … Continue reading →

Posted in economic collapse, globalization, Great Recession, history, humor, movies, Occupy Wall Street, unemployment, world-wide economy | Tagged , , , , , | 2 Comments

No mercy from bailed-out BofA

Posted on April 15, 2012 by oddmanout215

In the not-so-distant past, one of the most reviled characters in American popular culture was the landlord who threw families into the street if they couldn’t afford to pay the mortgage on their homes. Think of Lionel Barrymore as Mr. … Continue reading →

Posted in economic collapse, Great Recession, movies, Obama, Occupy Wall Street, Wall Street | Tagged , , , , , | 4 Comments

One word for you, young man: ‘Prisons’

Posted on April 12, 2012 by oddmanout215

The “too-big-to-fail” bank Wells Fargo received a $37 billion bailout from the government after playing a major role in sparking the 2008 collapse of the housing market. Now the bank is bigger than ever and investing heavily in one of … Continue reading →

Posted in economic collapse, Great Recession, humor, movies | Tagged , , , , | 2 Comments

U.S. is leader of the pack — in poverty rates

Posted on April 10, 2012 by oddmanout215

In an article in Boston Review, Paul Osterman notes that income inequality in the United States is much greater than in northern Europe, and that the situation here could improve if our government focused on raising and enforcing labor standards, … Continue reading →

Posted in economic collapse, globalization, Great Recession, Occupy Wall Street, unemployment, world-wide economy | Tagged , , , | 2 Comments

Survival of the foulest

Posted on April 4, 2012 by oddmanout215

Barack Obama, quoted in yesterday’s New York Times: Disguised as deficit reduction plans, [the Paul Ryan budget] is really an attempt to impose a radical vision on our country. It is thinly veiled social Darwinism. And by gutting the very … Continue reading →

Posted in Congress, economic collapse, Great Recession, history, unemployment, Wall Street | Tagged , , , | 2 Comments