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(13 comments) SHARE        Tuesday, February 22, 2011
The Continuing Republican Effort to Fracture and Thereby Politically Disable America's Great Middle Class Repub strategy: a budget battle to shrink government, focused on programs the middle class depends on; state efforts to undermine public employees whose services the middle class depends on; a Supreme Court dedicated to bending the Constitution so as to enlarge and entrench the politicaleconomic power of the wealthy. The goal: pit working Americans against one another & call attention away from wealth concentrated at the top.

(6 comments) SHARE        Sunday, February 20, 2011
Why didn't any banksters go to jail? -- and other mysteries of the U.S. political economy Millions of Americans went into foreclosure and a great many lost their homes, just as millions more will. Millions lost their jobs, in part because of the falling real estate values and the greatly reduced spending of those who either lost homes or feared they might. Meanwhile, the banksters who sold these predatory loans and the bogus securities based on them, are living like kings and will in all likelihood continue to

(16 comments) SHARE        Monday, February 14, 2011
Here Comes Another Bubble, and a Crash That Will Dwarf the Last One, Unless . . . The bubblenomics game is back on. Two years of essentially zero interest rates, limitless guarantees, and a $2 trillion I.V. drip-feed from the Fed, has lifted Wall Street up off its back and put the greed-head speculators back in the center of things. It's a miracle: Who would have thought that Bernanke could engineer another bubble this fast after the disaster the last one led to? But he pulled it off!

(25 comments) SHARE        Friday, February 11, 2011
Our Founding Fathers Would Be Proud of the Egyptian People & Disgusted at the Spineless Sheep Most Americans Have Become Our founding fathers stood up for their freedom, winning it from the British. The Egyptian people have stood up for their freedom, winning it from a dictatorship, finding courage even when Mubarak's thugs flew fighter jets low overhead, beat and murdered protesters, and otherwise threatened violence. Americans, on the other hand, have been cowed into passivity by an irrational fear of terrorism, laziness and mindlessness.

(19 comments) SHARE        Wednesday, February 9, 2011
Can We Stop the Continuing Decimation of America's Middle Class in Time? If So, How? Employers faced with reduced demand for their products or services can either lay off workers or reduce their work hours. If they reduce their hours, the German government replaces most of the lost pay for these reduced hours. The worker keeps his job, with reduced hours, but his monthly pay is not appreciably reduced. The gov't uses unemployment insurance funds to cover much of the cost of such a work sharing program.

(14 comments) SHARE        Wednesday, February 2, 2011
Where is This Economy Headed, Really? The "recovery" is a sham -- a temporary respite bought and paid for by Washington. Obama's appointed wizards from Wall Street will keep this sham recovery going until he is reelected next year. With enough Fed purchasing of Treasury bonds and toxic mortgages, and mortgage-backed securities from banks, using money created out of thin air at the Fed, it can in all likelihood be done. But then watch out!

SHARE        Monday, January 31, 2011
Wall Street's "Inside Job," as laid out in a documentary film From the early 1980s, when Ronald Reagan deregulated banks, through the two Bushes, Bill Clinton and now Barack Obama, each administration has endorsed -- and each Congress has helped tweak -- laws and rules that made systemic financial industry criminality and the economic meltdown not only possible but inevitable.

(18 comments) SHARE        Saturday, January 29, 2011
Double Dip In Housing Market Caused By Failure to Prosecute Mortgage Fraud As economists such as William Black and James Galbraith have repeatedly said, we cannot solve the economic crisis unless we throw the criminals who committed fraud in jail. And Nobel prize winning economist George Akerlof has demonstrated that failure to punish white collar criminals -- and instead bailing them out -- creates incentives for more economic crimes and further destruction of the economy in the future.

(6 comments) SHARE        Friday, January 28, 2011
Toward a better understanding of exactly how the banksters are stealing trillions from us At least eight U.S. states are considering proposals to start state-run banks in the wake of an economic crisis where many private banks ceased or greatly decreased their lending, literally shrinking the money pool available in state economies. Economist Ellen Brown, author of "Web of Debt", has been writing commentaries on various websites and runs a Google Group that has been pushing the idea of state-run banks.

(3 comments) SHARE        Sunday, January 23, 2011
China is eating our lunch. What might we do about it? Unlike China the US doesn't have a national economic strategy. Instead, we have global corporations that happen to be headquartered here. Their goal is to maximize profits, wherever they can make the most money. They'll make things in America for export to China when that's most profitable, and they'll make it in China and give the Chinese their know-how when that's the best short-term way to boost their bottom line.

(13 comments) SHARE        Monday, January 17, 2011
Will banksters, corporados & their handmaidens in Congress wreck America? The window for possible change is rapidly closing. Healthcare, Afghanistan and the terrorism panic have exhausted Washington's already limited capacity, especially in an election year. The White House's chief economist, Lawrence Summers, repeatedly announced that "everybody agrees that the recession is over" -- which is technically true from an economist's perspective and certainly true on Wall Street. But not on Main Street

(18 comments) SHARE        Saturday, January 15, 2011
A simplified explanation of America's banking crisis and how it might be fixed When a bank is insolvent, it doesn't have enough capital to cover its losses. In that situation, banks wd be doing the RIGHT thing by keeping the bailout money that we're giving them -- not loaning it out. An insolvent bank needs to hold onto their capital because that's how they fix their balance sheets. If they loaned the money out, they'd be in danger of returning to the very situation we're trying to rescue them from

(4 comments) SHARE        Sunday, January 9, 2011
Monumental insider bank robberies and the ongoing decimation of America's great middle class Are millions of American taxpayers the victims of a Wall Street criminal conspiracy? To begin to answer that question, we must first pose several others: Who benefits from the weak American social safety net? Who profited from the taxpayer-funded Wall Street bailout? Why is the American criminal justice system sitting on its hands and doing nothing about what Der Spiegel correctly calls a "monumental insider bank robbery"?

(33 comments) SHARE        Wednesday, January 5, 2011
Why are so many Americans unemployed and underemployed? And what could we do about it? No able bodied person in the US should be denied either employment or the basic necessities of life, especially housing, food, medical care, primary education, electricity, water and the like. Anyone should have the opportunity to work in these various fields of cooperative endeavor. Assume that reasonable standards of efficiency and organization could (with the help of modern technology) be maintained. Here's how.

(26 comments) SHARE        Tuesday, December 28, 2010
Is an economic collapse being prepared? If so, for whose benefit? Because of their entrenched way of perceiving things, it is difficult to convince most people that the economic system in which they live is actually being used, by persons unknown, in ways that are preparing the destruction of both their economy and their futures.

(11 comments) SHARE        Sunday, December 26, 2010
The psychological, cultural & societal disintegration of America under post-industrial capitalism What we're doing is trying to correct a massive socioeconomic problem, that results in disconnection and the loss of nurturing, by feeding our kids chemicals! Yes these stimulant drugs do seem to work, and a lot of kids are, in the short run, helped by them. The question is not so much whether these drugs should be used or not; the problem is that 80% of the time a kid is prescribed a medication, that's _all_ that happens.

(10 comments) SHARE        Wednesday, December 22, 2010
Two U.S. presidents implicated by ex-CIA black-ops assassin Taped recording of Mossad's Latin American station chief, Mike Harari: "Look, a kilo of "product" is about $1,000. We credit the Contras $1,500 for every kilo. That's top dollar for a kilo of cocaine. It's equivalent to the American K-Mart special: "Buy four, get one free." We spend $1,200 for a kilo and sell it for $12,000 to $15,000. Now, that's a profit center. It's just good business sense, understand?"

(7 comments) SHARE        Monday, December 20, 2010
The continuing hold of a failed doctrine over our politics. How and why? Republicans, soon to take the House, are already talking about spending cuts -- Social Security, Medicare? -- that would grossly offset any positive effects from the tax cut deal. How effectively will Obama be able to oppose these demands after he himself has embraced the rhetoric of belt-tightening? It's one thing to make deals to advance your goals; it's quite another to set the country up for right-wing victories.

(7 comments) SHARE        Saturday, December 18, 2010
Corporate America's New Plan to Loot Our Pensions and Shred Our Social Safety Net The main beneficiaries will of course be the wealthy and super-wealthy, who will gain both from tax cuts (as the social sector is chopped up and largely done away with) and from much higher corporate profits (as wages and benefits are slashed ever more deeply).

(4 comments) SHARE        Friday, December 17, 2010
The Leveraged Buy Out of America by its Kleptocratic Elite At some point over the next five years, Stockman grimly states, the Fed and Treasury will have to sell a combined $5 trillion in debt, and that alone will destroy the supply/demand equilibrium and send interest rates surging, which will result in either debt repudiation or outright bankruptcy. The only consolation is that the great experiment of LBOing America by its kleptocratic elite is coming to its (sad) conclusion.

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