Category Archive: economy

Dec 31 2012

Ignore history and you are doomed to repeat it

wapo_cbpp_debt

The chart provides a quick reminder of how we got here: tax cuts, deregulation leading to the banking meltdown, and war. Of the current 13.6 trillion dollar national debt, 10 trillion dollars were piled up under Republican presidents. The remaining 3.6 trillion could be attributed to Obama in the sense he was sworn in when it accrued, …

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Dec 30 2012

The Boehner bottleneck

President Obama hit the Sunday talk show circuit this morning, finally, to heap pressure or blame on the GOP for jacking the nation. Just thinking how the Will of the People is being held up by one over pampered spoiled prick is enough to make me give up on our version of democracy:

Dec 11 2012

Will democrats snatch defeat from the jaws of certain victory?

Victory is ours! If nothing is done taxes go up on everyone at the first of next month, and everyone in DC will rush to cut taxes in January. The Senate will prevent any bill that includes tax cuts on the highest incomes from even reaching the President’s desk, so there’s no need to veto anything. …

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Dec 04 2012

New poll confirms GOP is screwed

If no deal is reached and the US goes off the so-called fiscal cliff, one party better be wearing a bunji cord or a BASE rig. Because a new poll released today by Pew Research Center for the People & the Press and The Washington Post, conducted Nov. 28-Dec. 2, confirms Americans will blame conservatives:

Dec 03 2012

Boehner takes the bait

Speaker John Boehner is not a stupid man. Which is why political junkies are wondering aloud what he was up to with a highly unpopular, rather crazy counter proposal to avoid the fiscal cliff coughed up by House Republicans today. How bad is it? It’s bad:

Dec 02 2012

Anyday now they’ll start calling us angry

profits wages

When the pampered Wall Street CEO class nuked the economy, shown by the red-colored needle shaped drop in corporate profits just before 2010, it was US wage earners who rode to their rescue, securing their multimillion dollar bonuses and cushy jobs. The same working middle class whose wages shown in blue never recovered. At first the CEO class …

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Nov 28 2012

Ethan Rome takes the wood to spoiled CEOs

Let’s say you’re a pampered CEO making millions, and you create the most toxic debt known to mankind, debt so poisonous it blows up and crashes the entire US economy, throwing millions of taxpayers like me into the snapping jaws of unemployment and misery. Then tax payers like me bail your rich ass out to the tune of …

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Nov 27 2012

Buffet brings the wood to Republican apologists for zillionaires

It remains to be seen what kind of deal Obama will be able to wrestle out of the House this year or next, but in the meantime billionaire investor Warren Buffet paddles the spoiled rich with a vengeance in the NYT. Billmon follows up with up a salient point where upon the GOP toys with throwing their mildly affluent …

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Nov 23 2012

They really don’t get it

churchlady

I was hanging with some friends this weekend who just don’t get why their ideology is doomed. One was the usual “He’s a Muslim because his dad was a Muslim and so …” where so is never filled in. More detailed was an exec friend who was bummed because his entry-level employees are unmotivated to try for …

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Nov 20 2012

I will quit, eventually

It’s Thanksgiving Week. I’ll try to ignore the seemingly intractable violence in the Middle East, Cranky Old Man McCain who thinks an under secretary of state should be releasing raw intel on Al Qaeda on Meet the Press or face a Watergate style tea bagger inquisition, and some AS symptoms that are making idle TV watching and world-changing …

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