Category Archives: world-wide economy

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

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

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

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

‘Rentiers’ to the jobless: Your pain is our gain

Posted on June 12, 2011 by oddmanout215

Those trying to escape the saga of Anthony Weiner and the Weiner-ettes may not have seen Paul Krugman’s Friday column, which focuses on the relentlessly high unemployment rate and on the fact that the most powerful people in government — … Continue reading →

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

A Tina Fey bus tour would put Palin’s in perspective

Posted on June 2, 2011 by oddmanout215

Where’s Tina Fey when we need her? The question sprang to mind when I read about Sarah Palin’s latest publicity stunt: …Unless Palin decides to formally explore a possible presidential run, she is free to spend the money raised by … Continue reading →

Posted in Congress, economic collapse, Goldman Sachs, Great Recession, mainstream media, Obama, Politics, Wall Street, world-wide economy | Tagged , , , , , , , , , | Leave a comment

In praising Scott-Heron, Inquirer buries his message

Posted on June 1, 2011 by oddmanout215

Gil Scott-Heron, the African-American poet and musician who died this week at age 62, was most famous for his recording of “The Revolution Will Not Be Televised,” a funny and uncompromising call-to-arms that envisions the downfall of the corporate masterminds … Continue reading →

Posted in arts, economic collapse, globalization, Great Recession, mainstream media, Philadelphia, Politics, pop music, taxes, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | Leave a comment

A Python-esque rite in South Philly

Posted on April 28, 2011 by oddmanout215

Ah, the rites of spring in the `hood! You know — palm weaving, the Easter Parade on South Street, race riots in Grays Ferry. Here’s one that was new to me — the Good Friday re-enactment of the crucifixion of … Continue reading →

Posted in economic collapse, globalization, Great Recession, immigration, livable cities, mainstream media, NJ, Philadelphia, Politics, Wall Street, world-wide economy | Tagged , , , , , , , , | Leave a comment