Category Archives: The New Depression

Newsflash! ‘Sisterhood’ is dead


Back at the shack, Swamp Rabbit made gagging noises as he paged through The New York Times Book Review. He read aloud a quote-out from a review of The XX Factor, British economist Alison Wolf’s book about the growing divide … Continue reading

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Walter White says bye-bye, ‘Baby Blue’


Walter White to his long-suffering wife Skyler in their final scene together: “I did it for me. I liked it. I was good at it. And I was really… I was alive.” Breaking Bad was an unusually good TV show … Continue reading

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Media still propping up economic recovery myth


My shack in Tinicum was in a miserable state, so I paid Swamp Rabbit to help me clean and paint it. Afterwards, the place looked good from the porch but when I stepped inside, I fell through the floor into … Continue reading

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The sport of kings, and of corporate welfare


Most non-fans of horse-racing, if they think of the sport at all, probably picture frantic racetrack patrons at ticket windows, or at computers, placing last-minute bets as horses and jockeys mosey up to the starting gate. But an article on … Continue reading

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Summers’ end (exit Iago)


“Look, it’s Larry Summers,” said Swamp Rabbit, pointing at an oil slick on the wetlands that surrounds my shotgun shack in Tinicum. “I think he’s heading north, maybe back to Harvard.” “No way,” I said. “He gambled away a big … Continue reading

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The pig and the Post (another trophy for Jeff Bezos)


A few facts about Jeff Bezos, billionaire CEO of Amazon.com, the enormously profitable online department store that’s beating up on bricks-and-mortar retail outlets: 1) The price Bezos paid this week for the Washington Post was $250 million, about one percent … Continue reading

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Dems-in-name-only won’t help close income gap


Paul Krugman, commenting on one of the moral midgets who pushed through the House a new farm bill that would maintain generous government subsidies for agribusinesses while eliminating food stamps: Now, some enemies of food stamps don’t quote libertarian philosophy; … Continue reading

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Krugman strains eyes, can’t see light at tunnel’s end


Give credit to Paul Krugman for consistently refusing to pretend the so-called Great Recession was anything less than a depression. Now he’s suggesting hard times might be here to stay, because working-class Americans are too brain-dead to take action on … Continue reading

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Li’l Tom’s big lie about Walmart and women


Some Hollywood stars like to lend their names to noble causes. Other stars, more down to earth, prefer using their celebrity to pad their bank accounts. From Huffington Post, an exceptionally shabby example of the latter: Critics are calling out … Continue reading

Posted in globalization, Great Recession, history, humor, liar, mainstream media, The New Depression, world-wide economy | Tagged , , , | 1 Comment

Obama’s Penny pal (the rich take care of their own)


It’s no secret that six members of the Walton gang — the Walmart Waltons — have more wealth that the bottom 40 percent of American households. This is up from the 30 percent more they enjoyed in 2007, before the … Continue reading

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