Category Archives: world-wide economy

A plague on Republicrats!


Will Barack Obama keep the promise he made today and oppose extending the Bush tax cuts next time? Will it even matter when the Republicans are finished screwing around with the tax code? The ugly truth is that Obama and … Continue reading

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How do Paul Ryan do that voodoo he do?


I vote “yes” on Robert Reich’s call for higher taxes on the rich: …Remarkably, taxes on the top have plummeted. From the 1940s until 1980, the top tax income tax rate on the highest earners in America was at least … Continue reading

Posted in economic collapse, Great Recession, mainstream media, New York Times, Obama, Politics, taxes, unemployment, world-wide economy | Tagged , , , , | 1 Comment

Denial is just a sign of the times


This is what happens in other democracies when bankers try to reward themselves for helping to ruin the world economy: Britain has a rival when it comes to bashing bankers. After a furious row over pay packages at Amsterdam-based ING … Continue reading

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New Deal soon for the jobless? More like no deal


Frances Fox Piven recently addressed the plight of the long-term unemployed and, perhaps more strongly than she intended, linked it to President Obama’s failure to act as a forceful advocate for jobs creation. Piven cited Obama’s lukewarm efforts to persuade … Continue reading

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To get to an Arizona bigot’s heart…


…hit him in the wallet, real hard: Arizona established itself over the past year as the most aggressive state in cracking down on illegal immigrants, gaining so much momentum with its efforts that several other states vowed to follow suit. … Continue reading

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Autoworkers to Friedman: The world is round


From the March 17 New York Times: General Motors said Thursday that it would temporarily shut a truck plant in Louisiana because it could not get enough Japanese-made parts, the first in what analysts say could be widespread disruptions at … Continue reading

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Unemployment? Fuggedaboutit!


Paul Krugman responding to my post (I’m kidding) about Obama not even pretending to care about the unemployed: …No jobs bills have been introduced in Congress, no job-creation plans have been advanced by the White House and all the policy … Continue reading

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Bernie Sanders is the real Obama, no fooling


In my view, we do need to boldly address our deficit crisis, but we need to do it in a way that is fair – that is not on the backs of the sick, the elderly, the children and the … Continue reading

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GOP on Japan nuke crisis: Shit happens


Eric Fry of The Daily Reckoning, commenting on his colleague Chris Mayer’s column, about the advisability of investing in uranium “futures” in the wake of the ongoing nuclear reactor crisis is Japan: Uranium is “too hard” indeed. On the other … Continue reading

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Obama is mum on Wall St. & oil prices


… Barack Obama‘s number one private campaign contributor was Goldman Sachs, which is one of the two major companies that is engaged in commodity index speculation. Morgan Stanley, which is another major contributor of his, was the other. You know, … Continue reading

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