Category Archives: The New Depression

Coddled senator: No minimum wage hike

Posted on December 14, 2011 by oddmanout215

“Behind every great fortune lies a great crime,” is the Anglicized version of a Balzac aphorism. I would add that behind most Republicans in Congress is a great unearned fortune and a defective sense of irony. Here’s an example from … Continue reading →

Posted in economic collapse, Great Recession, humor, Politics, The New Depression, unemployment | Tagged , , , | 1 Comment

Obama is on our side… when he’s campaigning

Posted on December 7, 2011 by oddmanout215

This is from President Obama’s much-praised speech Tuesday in Osawatomie, Kansas, where Teddy Roosevelt gave his “New Nationalism” speech in 1910. The setting was chosen so that the corporate media would link Obama to the resurgence of progressive sentiments among … Continue reading →

Posted in economic collapse, Great Recession, mainstream media, Obama, Occupy Wall Street, Politics, taxes, The New Depression, Uncategorized, unemployment, Wall Street | Tagged , , , , | 4 Comments

Banksters spooked by ‘Occupy Our Homes’

Posted on December 7, 2011 by oddmanout215

Not surprisingly, the corporate news media hasn’t made much of the human drama taking place as foreclosures and evictions by the big banks continue across the country. As Michael Moore wrote yesterday, “You need a Kardashian in your home as … Continue reading →

Posted in economic collapse, Great Recession, mainstream media, Occupy Wall Street, Politics, The New Depression, Wall Street | Tagged , , , , , | 2 Comments

A peculiar way to measure jobs growth

Posted on December 5, 2011 by oddmanout215

Robert Reich is a commonsensical guy, and so what if he sometimes injects false optimism into his commentaries? You can tell he’s merely trying not to be a gloom merchant, that the jobs picture looks as bleak to him as … Continue reading →

Posted in economic collapse, Great Recession, mainstream media, Politics, The New Depression, unemployment | Tagged , , , | 1 Comment

Obama tries, but wing-nuts reject his love

Posted on December 3, 2011 by oddmanout215

No irony about the sick state of American politics is funnier than the fact that wing-nuts, no matter how far to the right Barack Obama tilts, continue to vilify him as the Great Satan of socialism and the bleeding-heart champion … Continue reading →

Posted in climate change, economic collapse, Goldman Sachs, Great Recession, liar, New York Times, Obama, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , , | 1 Comment

Bush, Obama rolled lucky 7s for banksters

Posted on December 2, 2011 by oddmanout215

Did anyone else see the lame TV movie Too Big To Fail, which dramatized the Fall 2008 financial crisis? If not, you didn’t miss anything honest. It was based on the book by Andrew Ross Sorkin, the NYT reporter and … Continue reading →

Posted in economic collapse, fiction, finance reform bill, Goldman Sachs, Great Recession, mainstream media, Obama, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , | 1 Comment

Over there is where the Occupy camp used to be

Posted on December 1, 2011 by oddmanout215

Robert Scheer links the Occupy movement to the fight against the sort of corruption embodied by the SEC: … As Judge [Jed] Rakoff stated, the Securities and Exchange Commission has charged Citigroup with “a substantial securities fraud” in the sale … Continue reading →

Posted in City Hall, economic collapse, Great Recession, mainstream media, Occupy Wall Street, Philadelphia, Politics, The New Depression, unemployment, Wall Street | Tagged , , | 1 Comment

Austerity measures = medieval bleeding

Posted on November 30, 2011 by oddmanout215

Millions are protesting in Britain, and it’s no wonder — the government is making an already sick economy even sicker. Paul Krugman provides a good analogy: … History says that a financial crisis reduces long-run growth potential if policymakers don’t … Continue reading →

Posted in economic collapse, Great Recession, Occupy Wall Street, Politics, taxes, The New Depression, unemployment, world-wide economy | Tagged , | 1 Comment

Sleeping at the ‘Laundromat’

Posted on November 26, 2011 by oddmanout215

Well, I don’t have no clothes to clean To put inside the machine But it’s the craziest place I have ever been A long-overdue trip to the laundromat last Sunday started me on a week-long Rory Gallagher binge. Coincidentally, the … Continue reading →

Posted in arts, pop music, The New Depression | Tagged , , , , , , | 1 Comment

You can’t take it with you (Ayn Rand, meet Steve Jobs)

Posted on November 26, 2011 by oddmanout215

Eric Alterman on Apple’s maestro, who died in October: … The [Apple] stock could have continued to soar even if the pay and conditions of these workers’ lives were built into the cost of an iPhone or an iPad. People … Continue reading →

Posted in Great Recession, mainstream media, Obama, Politics, The New Depression, Wall Street | Tagged , , , , , , , | Leave a comment