Category Archives: The New Depression

Belated populist rhetoric from the big chief


It’s rude and obvious, so I’ll say it: If Barack Obama had stood up to Republicans early on instead of being cowed by their enmity and wowed by his own rhetoric, he’d have a much better chance of being re-elected. … Continue reading

Posted in Congress, economic collapse, Great Recession, mid-term elections, Obama, Politics, taxes, The New Depression, unemployment, Wall Street | Tagged , , , , , | 1 Comment

When serfs fight back, GOP cries ‘Class warfare!’


This week’s winner of the chutzpah award is libertarian con man Paul Ryan, for accusing the Democratic Party of “class warfare.” Ryan is a disciple of Ayn Rand, the Benzedrine-addled academic who wrote two door-stopper novels that celebrated “the morality … Continue reading

Posted in arts, Congress, economic collapse, fiction, globalization, Great Recession, humor, mainstream media, Obama, Politics, The New Depression, unemployment, world-wide economy | Tagged , , , , , , , | 2 Comments

Banking on degenerate gamblers


Confirmation that a “rogue” trader somehow lost $2 billion making “unauthorized” trades at UBS “will test the faith of investors, clients and regulators,” says Wall Street Journal. It should also test the credulity of anyone who would still argue that … Continue reading

Posted in casinos, Congress, economic collapse, finance reform bill, Goldman Sachs, Great Depression, Great Recession, Politics, The New Depression, Uncategorized, unemployment, Wall Street, world-wide economy | Tagged , , , , , , | 2 Comments

Today’s Republicans would NOT like Ike


Here’s a fresh perspective on the nest of vipers officially known as the Republican Party. The writer, Mike Lofgren, a former Republican Congressional staffer, argues that Republicans really are trying to bring down the federal government, and might succeed because … Continue reading

Posted in Congress, economic collapse, globalization, Great Depression, Great Recession, health care, mainstream media, Obama, Politics, taxes, The New Depression, unemployment | Tagged , , , , , , | 1 Comment

Bush speaks on 9/10, supersizes lies


Yesterday on the Atlantic City Expressway, at the sprawling Frank S. Farley rest stop, I remembered how quickly 9/11 became a device for generating hatred while at the same time lulling Americans into swallowing lies about costly, undeclared wars. All … Continue reading

Posted in Congress, economic collapse, food, Great Recession, humor, mainstream media, Politics, taxes, The New Depression, unemployment, world-wide economy | Tagged , , , , , | 1 Comment

Obama offers new spiel, but no New Deal


I wasn’t surprised that Paul Krugman didn’t slam my good buddy Barack’s jobs plan, a mix of tax cuts and increased government spending that makes more sense than anything congressional Republicans will ever put together. But I thought it excessively … Continue reading

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

Pre-speech e-mail from my buddy Barack


I received an e-mail from the president late Thursday afternoon as he was preparing for last night’s important jobs speech. The chief addressed me as “David” and signed his message “Barack.” I was so moved by this personal gesture, I … Continue reading

Posted in Congress, economic collapse, enviromentalism, globalization, Great Recession, Obama, Politics, taxes, The New Depression, unemployment, Wall Street | Tagged , , | 4 Comments

Harvard Business Review: ‘Was Marx right?’


You know the economy is on its last legs when a Harvard Business School publication reminds us that Karl Marx might have been on to something in his critiques of industrial-age capitalism. In an article headlined “Was Marx right?” economist-consultant … Continue reading

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

Labor Day message from Albert Einstein


Think of the millions of jobs eliminated or off-shored over the past few decades. Consider the extent to which this is the result of alliances between our increasingly corrupt political establishment and the corporate elite. Look at the way politicians, … Continue reading

Posted in Congress, economic collapse, globalization, Great Recession, mainstream media, Politics, The New Depression, unemployment, world-wide economy | Tagged , , , , | 3 Comments

Your hometown flooded? Come to Ocean City!


Interesting Philadelphia Inquirer front-page advertorial on behalf of the Ocean City, NJ, tourism industry. The reporter noted that O.C. lost a lot of potential tourist dollars last week when coastal areas were evacuated as Hurricane Irene approached. The story had … Continue reading

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