Category Archives: unemployment

Groveler-in-chief can’t cut deal on debt

Posted on July 26, 2011 by oddmanout215

Last night I listened to Barack Obama beg right-wing fanatics to accept his proposed solution to the debt ceiling standoff. He may as well have said, “Come on guys, I’m giving away the store plus all the land around the … Continue reading →

Posted in Congress, economic collapse, Great Depression, Obama, Politics, The New Depression, unemployment | Tagged , , , , , , , , , | Leave a comment

WP newsflash: Obama is no FDR!

Posted on July 25, 2011 by oddmanout215

It’s a tradition, I guess. The Washington Post reported the Watergate break-in and now, 39 years later, it is still dropping investigative bombshells: Since the Recovery and Reinvestment Act of 2009 — which Obama and his advisers seem to have … Continue reading →

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

Media to America: What unemployment crisis?

Posted on July 25, 2011 by oddmanout215

On and on goes media coverage of the debt ceiling standoff, a shocking spectacle of Democratic weakness and Republican greed. What’s not being covered in the ongoing misery of the millions of Americans who lost jobs and/or homes and see … Continue reading →

Posted in economic collapse, globalization, Great Depression, Great Recession, mainstream media, Obama, Politics, unemployment, Wall Street | Tagged , , , , | Leave a comment

A new corporate tax holiday would shock even cynics

Posted on July 22, 2011 by oddmanout215

Remember the disastrous “tax holiday” Congress granted mega-corporations such as Apple and GE in 2004? The idea was to allow corporations to bring home huge profits they’d stashed overseas, in the hope they might use the money to create jobs. … Continue reading →

Posted in Congress, economic collapse, Great Recession, mainstream media, Politics, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | 1 Comment

Bastille Day for the well-fed

Posted on July 19, 2011 by oddmanout215

The crowd called for Marie Antoinette’s head, they bellowed for it, but in the end the only guillotine victim was a watermelon. The master of ceremonies sentenced the French queen to become Arnold Schwarzenegger’s new housekeeper, not a bad fate … Continue reading →

Posted in economic collapse, fiction, food, Great Depression, Great Recession, mainstream media, Philadelphia, Politics, unemployment | Tagged , , , , , , , | Leave a comment

Sound and fury, signifying status quo

Posted on July 15, 2011 by oddmanout215

Joseph Stiglitz, a few months ago in Vanity Fair: The more divided a society becomes in terms of wealth, the more reluctant the wealthy become to spend money on common needs. The rich don’t need to rely on government for … Continue reading →

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Will Obama side with workers? Don’t hold your breath

Posted on July 11, 2011 by oddmanout215

I saw this from WP posted on Suburban Guerrilla and could hardly believe I was reading about a Democratic president: SEATTLE — President Barack Obama is calling once again for Boeing Co. and its workers to resolve their differences without … Continue reading →

Posted in economic collapse, globalization, Great Recession, mainstream media, Obama, Politics, unemployment, world-wide economy | Tagged , , , , | Leave a comment

Is Obama Bugs Bunny or Yosemite Sam?

Posted on July 8, 2011 by oddmanout215

Here’s Paul Krugman last week in The New York Times, urging Barack Obama “to draw a line in the sand” regarding the debt ceiling issue: So what’s really going on is extortion pure and simple. As Mike Konczal of the … Continue reading →

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To Frank Rich, the future looks like Hamlet, Act V

Posted on July 6, 2011 by oddmanout215

You may have noticed that more and more social critics are looking at the future and seeing very few smiley faces. Here’s Frank Rich’s take on the end of the world as we know it: What haunts the Obama administration … Continue reading →

Posted in arts, economic collapse, Goldman Sachs, Great Recession, mainstream media, Politics, unemployment, world-wide economy | Tagged , , , , , | 3 Comments

Friedman’s cure for Mideast crises? Lemonade

Posted on June 28, 2011 by oddmanout215

Mick Jagger once sang, “I could use a lemon squeezer!” Thomas Friedman is seeking lemon squeezers, too, but of a different sort. He’s a pollyanna pundit, not a rocker, who’s fond of using the cliche, “When life hands you lemons, … Continue reading →

Posted in economic collapse, globalization, Great Recession, health care, Iraq war, mainstream media, New York Times, Politics, unemployment, world-wide economy | Tagged , , , , , , , , | 1 Comment