The GOP Plan to Flush Your State’s Economy Down the Toilet

Reprinted from Alternet By Lynn Stuart Parramore The new “red-state model” seeks to turn your state into Mississippi. The GOP has plans for a comeback. But it may cost you a lot. The idea is to capitalize on recent Republican state takeovers to conduct an austerity experiment known as the new “red-state model” and prove that […]

Too-Big-to-Jail Policy Corrupts the Rule of Law for Everyone

Here Bill Moyers interviews Matt Taibbi on the way that the Obama administration’s Too-Big-to-Jail policy has corrupted the rule of law in our entire society. Taibbi believes that the most insidious consequence of this policy is the creation of a two-tiered society consisting of non-arrestables (the banksters) and arrestables (the rest of us). MATT TAIBBI: […]

Austerity and The End of the Recovery That Never Really Began

Editor’s Note: Economic illiteracy reigns in D.C. The austerity prescription that Robert Reich completely eviscerates in the following blog posting is the modern economic equivalent of medieval bloodletting, and yet it’s what passes for wisdom among most politicians today. Expect more of the same, with no help soon. Reprinted from By Robert Reich We are […]

Popular Blogger Scoops Press on Continuing Betrayal of Foreclosed Homeowners and Orchestrated Coverup by Federal Officials, Bank of America

Yves Smith, founder of the extremely popular economics blog, Naked Capitalism, today published major new installments in her ongoing investigative report on the “foreclosure review process which was set forth in consent orders issued in April 2010.” Her report is entitled, “Bank of America Foreclosure Reviews: Whistleblowers Reveal Extensive Borrower Harm and Orchestrated Coverup.” Here’s […]

How Exploitation of Workers in the U.S. Became Mainstream

A fascinating article in the New York Times a couple of days ago explains how the temp worker industry evolved from a marginal phenomenon with an uncertain future in the 1940s to a behemoth employing over 3 million temps a day by the turn of the century. The author of the article, Erin Hatton, assistant professor […]

Galbraith: Is This the End for the Deficit Drones?

Reprinted from Alternet. By James Galbraith Public opinion is turning on those who seek to cut our social safety net. In wars, sometimes there comes a moment when the tide turns. The collapse of Ludendorff’s offensive in 1918 presaged the Armistice;  failure in the Ardennes meant the end for Germany in 1944. Today we have […]

The Planned 3 Percent Cut to Social Security; Obama and the Democrats Are on Board

Reprinted from Alternet By Dean Baker The bottom line is that President Obama and many leading Democrats are prepared to give seniors a larger hit to their income than they gave to the over $250,000 crowd.   According to inside Washington gossip, Congress and the president are going to do exactly what voters elected them […]

Obama Signaling His Clear Desire to Reduce Social Security Benefits

Barak Obama, while addressing a luncheon at the Brookings Institute in 2009 (see short video excerpt below), had this to say about his desire to rewrite the New Deal: “For those on the left — and I include myself in that category — too many of us have been interested in defending programs the way […]

Saint Ronnie: “Social Security Has Nothing to do with the Deficit”

Right-Wingers Who Think They Got ‘Rolled’ by Obama In Cliff Deal Are Totally Crazy

Reprinted from Alternet By Joshua Holland I thought that by this point, I was beyond the capacity to be shocked by the delusions held by the American Right. But my jaw dropped when I read that a number of high-profile conservatives are outraged about the fiscal slope deal, and believe they have been “rolled” by Obama. The very notion is […]

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