Keeping a jaundiced eye on the corporate media.
Posted in Blogosphere, Class War, Fuck the Poor, Politics As Usual, Recession Depression on May 5th, 2008
I really loved the outrage over Clinton’s comments about economists when it wasn’t so very long ago that the majority of them were still insisting the economy was In Great Shape and there was no recession, nope, everything was fine and getting better. But then, I’m not invested in protecting the academic class, which gives […]
Posted in Blogosphere, Class War, Fuck the Poor, General on May 5th, 2008
While some “progressive” bloggers make fun of the $30 people might get from a gas tax holiday, Lambert reminds us that it’s food money to people on the edge.
I know; I’ve been there. It wasn’t that long ago that I lived on $12,000 a year, and made grocery money by carting things onto the sidewalk […]
Posted in Class War, Corporate Statism, Dirty Rotten Scoundrels, Disastrous, Fuck the Poor on Apr 30th, 2008
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
- Adam Smith, The Wealth of Nations
John Maxwell from the Jamaica Observer on where the world financial system has now focused their “expertise”:
The food supplies of […]
Posted in Class War, Fuck the Poor, Politics As Usual on Apr 21st, 2008
Look what happens when you gut education spending. (Love those propositions!) Who could have known?
With baby boomers preparing to retire as the best educated and most skilled workforce in U.S. history, a growing chorus of demographers and labor experts is raising concerns that workers in California and the nation lack the critical skills needed to […]
Posted in Class War, Fuck the Poor on Apr 20th, 2008
Alvin Thomas, 54.
Posted in Fuck the Poor, My So-Called Life on Apr 18th, 2008
After doing my taxes Tuesday, it looks like my refund is enough to cover the taxes I still owe on my unemployment compensation from 2000. (Which means I’ll never see it, but that’s okay. It’s one big monkey off my back.)
That was the ultimate Republican slam against the working class. It was thanks to Ronald […]
Posted in Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Politics As Usual, Recession Depression on Apr 16th, 2008
And taking with the other:
WASHINGTON — The Senate proclaimed a fierce bipartisan resolve two weeks ago to help American homeowners in danger of foreclosure. But while a bill that senators approved last week would take modest steps toward that goal, it would also provide billions of dollars in tax breaks — for automakers, airlines, alternative […]
Posted in Class War, Fuck the Poor, Higher Ground, Politics As Usual on Apr 14th, 2008
But not enough:
(CBS/AP) President Bush on Monday ordered the release of $200 million in emergency aid to help nations where surging food prices have deepened hunger woes and sparked violent protests.
The move comes one day after the president of the World Bank, Robert Zoellick, called on the international community to act urgently in helping needy […]
Posted in Blogosphere, Class War, Fuck the Poor, Higher Ground, Power to the People on Apr 3rd, 2008
Ashley Morris, the great NOLA blogger and activist, is dead. Scout has more:
Posted in Arts & Music, Class War, Fuck the Poor, Politics As Usual on Apr 2nd, 2008
All over the blogosphere today, bloggers (none of them actually born and raised in Philadelphia, which is relevant here) were referring to this:
In a speech in Philadelphia today, Sen. Hillary Clinton, D-NY, compared herself to Philly icon Rocky Balboa.
“Well, could you imagine if Rocky Balboa had gotten half way up those Art Museum steps and […]
Posted in Class War, Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Politics As Usual, Recession Depression on Mar 31st, 2008
Paul Krugman on “This Week”:
Posted in Class War, Corporate Statism, Fuck the Poor, Politics As Usual, Recession Depression on Mar 31st, 2008
Robert Reich on exactly who gets rewarded for risky behavior:
Indeed, the history of modern American business is littered with federal bailouts, loan guarantees, and no-questions-asked reorganizations. Some are well known, such as the Chrylser bailout of 1979, the savings and loan bailout of 1989, and the airline bailout of 2001. Most occur in the relative […]
Posted in Class War, Corporate Statism, Fuck the Poor, Recession Depression on Mar 31st, 2008
Just another benefit of extended Republican rule:
Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in the 1960s.
The number of recipients, who must have near-poverty incomes […]
Posted in Corporate Statism, Fuck the Poor, Politics As Usual on Mar 28th, 2008
Clinton details her health plan:
Senator Hillary Rodham Clinton said in an interview on Wednesday that if elected president she would push for a universal health care plan that would limit what Americans pay for health insurance to no more than 10 percent of their income, a significant reduction for some families.
In an extensive interview on […]
Posted in Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, IOKIYAR, Recession Depression, Republicans Are Good With Money on Mar 26th, 2008
Somehow, you just knew, didn’t you?
A sweeping five-month investigation into the collapse of one of the nation’s largest subprime lenders points a finger at a possible new culprit in the mortgage mess: the accountants.
New Century Financial, whose failure just a year ago came at the start of the credit crisis, engaged in “significant improper […]
Posted in Class War, Fuck the Poor, Media on Mar 26th, 2008
From Wampum, who would like Democrats to remember there are other oppressed people of color (who knew?):
For anyone who doesn’t understand why the national discussion of race needs to be addressing more than just African-American concerns, here’s exhibit one, from today’s LA Times editorial page:
Are the Tibetans doomed to go the way of the American […]
Posted in Fuck the Poor on Mar 24th, 2008
You know, it strikes me that the best way to really restore sanity and a measure of stability to the mortgage industry is to ensure that the people most harmed by predatory lending practices, who were on the receiving end of extraordinary dubious financial advice which has, in many cases, cost them not only their […]
Posted in Class War, Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Pointless Crap, Republicans Are Good With Money on Mar 24th, 2008
You really have to love these guys. People dropping dead from bad food and products, people losing their homes all over the country and their big worry is…
Regulation.
The idea that less regulation is better for the economy has held sway in Washington since the Reagan administration. Now that consensus is crumbling, posing a potentially costly […]
Posted in Class War, Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Politics As Usual on Mar 24th, 2008
Krugman:
Last week Robert Rubin, the former Treasury secretary, declared that Mr. Frank is right about the need for expanded regulation. Mr. Rubin put it clearly: If Wall Street companies can count on being rescued like banks, then they need to be regulated like banks.
But will that logic prevail politically?
Not if Mr. McCain makes it to […]
Posted in Class War, Fuck the Poor, Politics As Usual on Mar 22nd, 2008
Maya Wiley from the Center for Social Inclusion:
African Americans and Latinos are much more likely to have sub-prime mortgages than their White neighbors because of the discriminatory origins of the problem coupled with gutting the few weak provisions we had to create incentives for investment in communities of color. Even if we compare African American […]
Posted in Class War, Fuck the Poor, Our Booming Economy, Recession Depression on Mar 21st, 2008
Yeah, there’s not a lot of fat there to cut:
Inflation is walloping Americans with low and moderate incomes as the prices of staples have soared far faster than those of luxuries.
The goods and services Americans consumed in February were 4 percent more expensive than they were a year earlier. But there is a big divide […]
Posted in Class War, Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Our Booming Economy, Politics As Usual, Recession Depression, Republicans Are Good With Money on Mar 19th, 2008
E.J. Dionne:
Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep its hands off the private economy.
The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government […]
Posted in Class War, Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Our Booming Economy, Politics As Usual, Recession Depression, Republicans Are Good With Money on Mar 17th, 2008
Athenae on the Bear Stearns bailout:
Let me ask a couple of questions here.
Does Bear Stearns have a big screen TV?
What about bling? Any bling they could sell?
Couldn’t Bear Stearns just get a job, already? I mean, I know of six or seven places that are hiring. I don’t know what they pay, but surely it […]
Posted in Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Politics As Usual, Recession Depression, Republicans Are Good With Money on Mar 17th, 2008
Greg Palast makes a compelling case for linking the Spitzer investigation to the Bear Stearns bailout, and he notes something I missed:
The Fed had to act. Bernanke opened the vault and dumped $200 billion on the poor little suffering bankers. They got the public treasure - and got to keep the Grinning’s house. There was […]
Posted in Corporate Statism, Dirty Rotten Scoundrels, Fuck the Poor, Politics As Usual, Republicans Are Good With Money on Mar 14th, 2008
Greg Palast via Avedon:
“While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in a hotel room in Washington, just down the road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators. Both acts were wanton, wicked and lewd. But […]
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