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Joseph Stiglitz: Bank Problems Bigger Than Pre-Lehman Era

September 14th, 2009


Obama policies are a continuation of Bush’s, just more eloquent. The real structural danger to our system are the entities responsible for the financial meltdown. The financial players are now bigger than prior to crisis and they are brazen enough to give themselves billions in bonuses. They seem to be completely in control of our government.

If Obama lived during Teddy Roosevelt’s time there would been no trust busting. The economic advisers would have said it is too dangerous and risky to the “economy”. If he lived during FDR there would have been no New Deal. Obama is all talk and no action – a disappointment to so many who voted for him.
Read the Article at HuffingtonPost

Economy

The Snowe Job, and Why a “Trigger” for a Public Option is Nonsense

September 9th, 2009

Make all significant players in the health care business not-for-profit. You will have competition and the system will be similar to what Swiss ended up with. Wherever you start, no health care reform is possible until we accept the health care as a fundamental human right.
Read the Article at HuffingtonPost

Economy

The Real News About Jobs and Wages — An Ode to Labor Day

September 5th, 2009

The question is not if the the inequalities exist but if growing inequalities are detrimental to our commonwealth. It is hard to believe anyone is defending growing inequalities as either natural, inevitable or both. Let’s be real! Growing inequalities are bankrupting this country. Let’s first agree that this bad for our country and then disagree on what is the best way to deal with this problem.

The system needs a real political party on the right. What we currently have is simply irrational deniers that we have any problems. They wish the current administration to fail so that they can come back to power so that they can do nothing, or worse accelerate our decline. Our educational system seems to be producing sufficient numbers of gullible people who are utterly incapable to think about what is in their best interest – they consistently opt for what is in the best interest of .1% of the population.

Yes, folks we are engaged in the class warfare. For all of you deniers of reality read what Warren Buffet, the richest man in America says about this issue:

http://www.nytimes.com/2006/11/26/business/yourmoney/26every.html
Read the Article at HuffingtonPost

Economy

Gallup Poll: Iraq War A “Mistake,” Says 58 % Of US Public

July 17th, 2009


If more Americans knew what was really happening more of them would be against the Iraq war. For example, if Americans had to first read a book like “Full Spectrum Dominance” by F. William Engdahl I would say 90% would think Iraq war was a mistake. And they would learn that the Iraq war was not a fluke but integral part of a larger strategy of American domination of the world. It is this strategy that poses the greatest threat to peace in our world. Sadly, Americans are mostly unaware of what is being done in their name.
Read the Article at HuffingtonPost

Economy

Rachel Maddow Takes On Pat Buchanan (VIDEO): “You’re Playing With Fire… You’re Living In The 1950s”

July 17th, 2009


There are jobs where you need great specialist (e.g. surgeons) but the Supreme Court justice ain’t one. Please notice I said “outstanding” non-lawyers. Many non-lawyers could make outstanding Supreme Court justices, better than many present justices now or many that have sat on the Supreme Court.

In my opinion we have ceded too much power to the experts and this is a very dangerous trend.
More on Rachel Maddow
Read the Article at HuffingtonPost

Economy

Summers: Economy Has Moved Back From Catastrophe

July 17th, 2009


Read Martin Wolf’s latest commentary (After the storm comes a hard climb)

http://www.ft.com/cms/s/0/1f7ab9d4-70aa-11de-9717-00144feabdc0.html

“Those who expect a swift return to the business-as-usual of 2006 are fantasists. A slow and difficult recovery, dominated by de-leveraging and deflationary risks, is the most likely prospect. Fiscal deficits will remain huge for years. The alternatives ” liquidation of excess debt via either a burst of inflation or mass bankruptcy ” will not be permitted. The persistently high unemployment and low growth may even threaten globalisation itself.”
Read the Article at HuffingtonPost

Economy

Rising Unemployment Accelerates Foreclosure Crisis

July 17th, 2009


I agree. Not only is that morally superior but it turns our it is better for the overall system. Our flexible labor markets were praised as so much better than European only a short time ago. It turns out that our flexibility works against us during economic downtimes.

Read an interesting analysis in the today’s FT:

http://www.ft.com/cms/s/0/90dfed26-7233-11de-ba94-00144feabdc0,s01=1.html
Read the Article at HuffingtonPost

Economy

Paul Krugman Slams Goldman Sachs: What It Does Is Bad For America

July 17th, 2009


As long as the phantom wealth creation is mistaken for real wealth creation this country will continue on its downward course. If a foreign power did to us what has been done we would be screaming for Pentagon to protect us. This wasn’t done by Russians, Chinese, communists, socialists, terrorists,…. Our own masters and lords have done this to this country and they continue doing it. We, the people, each passing month just bend over a little more until the highest part of our anatomy will be our arses. What’s happened to all those Liberty loving Americans?
Read the Article at HuffingtonPost

Economy

Catherine Crabill, VA GOP Candidate: We May Have To “Resort To The Bullet Box” (VIDEO)

July 16th, 2009


The saddest part about these tea party types is that they see Democrats as bringing Tyranny but republicans brings you Liberty. What a joke! How can we forget what Bush and Republicans have done eroding the our civil liberties? Both parties are responsible for moving us toward a neo-fascist system, if anything Republicans certainly more than Democrats.
Read the Article at HuffingtonPost

Economy

White House Scuttled Clinton’s Effort To Bring Old Friend Sidney Blumenthal Into State Department

July 16th, 2009


I think she will stay for couple of years and then keep her options opened for 2012. If the economy remains an issue and she smells blood, the Clintons will challenge Obama in the primaries. I am quite skeptical that the Summers-Geithner-banksters economic solutions will work.
More on Hillary Clinton
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Economy