Posts Categorized: Economy

Mainstream Media Falls in Love With Paul Ryan

The liberal mainstream media has fallen in love again. This time it’s with Wisconsin’s Republican Representative Paul Ryan and his “Roadmap for America’s Future” version 2.0. Everything’s version 2.0 these days, but in Ryan’s case, his roadmap to “solve America’s long-term economic and fiscal crisis” is really more of a 1.1 version. You see Newt… Read more »

Republicans Wage War on the Unemployed

At least one Republican is campaigning on the promise that if you elect him, he will lay you off. Another Republican, Rep. John Boehner of Ohio, called police, teachers and firefighters “special interests” just looking for another handout from the government. Oh those stinking public servants putting out fires, educating children and fighting crime, they… Read more »

Republicans Playing Voters for Chumps

I don’t know if Democrats will lose seats in the House and the Senate in November, nobody does. But if they do, it will be more evidence that the dumbing down of America is reaching terminal velocity. If Republicans take control of Congress, it will be because Americans are just plain stupid. There’s no other… Read more »

Paul Krugman Calls Mort Zuckerman a Liar

Mort Zuckerman is a liar. Like the vast majority of conservative commentators he lies through his teeth on a regular basis and his sloped-forward mouth-breathing readings go, “Yup. Uh-huh.” Well today, Paul Krugman calls out Zuckerman for a recent op-ed he wrote in the Financial Times. Zuckerman sprinkles right-wing lies throughout the entire story, but… Read more »

The Economy Sucks and it’s not Going to Get Better

It’s time for some tough love folks. The sad fact is that the economy sucks and there’s nothing we can do about it within the confines of our current political system – it’s rigged. Unemployment will continue to hover around 10 percent for years, with real unemployment at closer to 20 percent. Wages will continue… Read more »

Senator John Kerry says the Senate will pass his climate bill this year

On Sunday, Senator John Kerry (D-MA) wrote in the Washington Post about the prospects of getting the climate bill passed this year – an election year. “Conventional wisdom says that Congress ducks tough choices in election years,” Kerry said, “predicting at best a watered-down energy bill. The same doubters said health reform was dead until… Read more »

Are You So Sure That Democrats Will Lose Big This November?

I for one have never believed that the Democrats are going to get their asses handed to them this November.

But if you watch Fox News, MSNBC, CNN or read the New York Times, Washington Post or consume any political news analysis, you’ve being assured that Democrats will in fact lose seats in the Senate and the House this November.

This American Life: Inside Job with Ira Glass

For seven months a team of investigative journalists from ProPublica looked into a story for us, the inside story of one company that made hundreds of millions of dollars for itself while worsening the financial crisis for the rest of us. It includes our original Broadway song “Bet Against the American Dream.”

Moyers: Six Banks Control 60% of Gross National Product – Is the U.S. at the Mercy of an Unstoppable Oligarchy?

So even if the Tea Party folks saw the light, what can ordinary Americans do?

That’s the question I want to put to my guests, Simon Johnson and James Kwak. They have written this new book, 13 Bankers: The Wall St. Takeover and the Next Financial Meltdown. It’s a must read – already a best seller — and it couldn’t have come at a better time. This book could change the debate over financial reform by tipping it in favor of the public.

Krugman: Looters in Loafers

The main moral you should draw from the charges against Goldman, though, doesn’t involve the fine print of reform; it involves the urgent need to change Wall Street. Listening to financial-industry lobbyists and the Republican politicians who have been huddling with them, you’d think that everything will be fine as long as the federal government promises not to do any more bailouts. But that’s totally wrong — and not just because no such promise would be credible.

Bob Herbert: The Great Recession ‘A Different Creature’

Anybody can tell you this, but it’s clear that the current economy recession is not just a normal economic downturn. For many Americans, this is a depression. All told, the US is down 11 million jobs and the deficit hawks are circling above hoping to prevent any real recovery. Why? Who knows. According to Bob… Read more »

Why you so Stupid CNN?

It’s hard to imagine that CNN was the first cable news channel. They invented this stuff. Now it’s true, cable news is a worthless waste of time to anyone looking for anything resembling news, but CNN has totally lost it. Jon Stewart says it best. The Daily Show With Jon Stewart Mon – Thurs 11p… Read more »