Tag Archives: class warfare

Talk Radio: All Froth and No Chocolate

The new payola! The money is not in music, however; it’s in politics. Crooks and Liars pointed to an article in Tablet Magazine on a business known as Premiere on  Call. What do they do? They provide fake radio callers. … Continue reading

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Krugman and Sargent on the Wisconsin Power Grab

What’s happening in Wisconsin is a power grab, pure yes, but not simple. Krugman lays it out. In recent weeks, Madison has been the scene of large demonstrations against the governor’s budget bill, which would deny collective-bargaining rights to public-sector … Continue reading

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From Those That Have Not, It Shall be Taken Away

Mother Jones has eight charts that illustrate the extreme and growing inequality the distribution of wealth in the United States. Here’s one:       More here: I’s the Inequality, Stupid | Mother Jones Having cornered the wealth of America, the … Continue reading

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“War on Logic”

Paul Krugman: We are, I believe, witnessing something new in American politics. Last year, looking at claims that we can cut taxes, avoid cuts to any popular program and still balance the budget, I observed that Republicans seemed to have … Continue reading

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The Bottom Keeps Dropping

Over the last 15 years, more than half of income growth was captured by the top 1% of incomes. (See A Billionaire Urges Us to Support His Coup | Notes from The Pondonome) And the bottom keeps dropping. Even at times … Continue reading

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Frank Herbert is Pissed

If you’re still having trouble deciding whose side the Republicans are on, just keep in mind that the House G.O.P. bigwig Darrell Issa sent a letter to 150 businesses, trade groups and think tanks asking them to spell out which … Continue reading

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Court Rules Banks Must Actually Follow the Law

Well, well. For once, the oligarchs do not get their way. In a ruling that may affect foreclosures nationwide, the Massachusetts high court has voided the seizure of two homes byWells Fargo & Company and US Bancorp after the banks failed … Continue reading

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Cassandranomics: “The Future Doesn’t Work”

Paul Krugman: These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? … Continue reading

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Their Gain, Your Pain

Joseph Stiglitz: The response to the private-sector failures and profligacy that had caused the crisis was to demand public-sector austerity. The consequence will almost surely be a slower recovery and an even longer delay before unemployment falls to acceptable levels. … Continue reading

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A Billionaire Urges Us to Support His Coup

Let’s start here, US Real Annual Income Growth from 1993-2008, data from Emmanuel Saez, Professor of Economics, University of California: From 1993 to 2008, incomes grew 1.3% in the US. The income of the bottom 99% of Americans saw an … Continue reading

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