Category Archives: economy

Has Leon Gone Over to the Dark Side?

My Letter to the Editor in the Monterey County Herald today (Jan. 15): Residents of this area take great pride in our “homeboy,” Leon Panetta, currently President Obama’s Secretary of Defense. But I can’t help but cringe when the good secretary defends our bloated … Continue reading

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Bygone Era

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Perpetual Ponzi Scheme

SECRETS AND LIES OF THE BAILOUT The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come By Matt Taibbi/ … Continue reading

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Has Washington Souled Out?

THE SOUL OF AMERICA By Bernie Sanders/ Huffington Post/ January 9, 2013 Despite such terminology as “fiscal cliff” and “debt ceiling,” the great debate taking place in Washington now has relatively little to do with financial issues. It is all … Continue reading

Posted in Democratic Party, Economics, economy, employment, government, inequality, labor, philosophy, politics, poverty, Republican Party, taxes, trade, Wall Street | Tagged , , , , , | 2 Comments

Chutzpah Squared (Satire)

A LETTER FROM A.I.G. By Andy Borowitz/ The New Yorker/ January 8, 2013 NEW YORK (The Borowitz Report) – Today, American International Group (A.I.G.) issued the following letter to American taxpayers.Dear American Taxpayers:In 2008, you paid for a bailout of A.I.G. … Continue reading

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Before We Cut Social Security and Medicare…….

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21st Century Slavery

source unknown

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No Wonder He Earned a Nobel Prize

BPR Quotes of the Day:

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WTF Are We Thinking?

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OVER THE CLIFF AND INTO THE TRENCHES

The Ongoing War: After the Battle Over the Cliff, the Battle Over the Debt Ceiling By Robert Reich/ robertreich.org/ January 1, 2013 “It’s not all I would have liked,” says Republican Senator Lindsey Graham of South Carolina, speaking of the … Continue reading

Posted in Democratic Party, Economics, finance, government, health care, inequality, politics, Republican Party, taxes | Tagged , , , , | 1 Comment