recession Topic
January 25th, 2012 | 3 Comments
I’ve noticed that as the primaries heat up, all the Republicans are channeling the sainted Ronald Reagan. In the last debate before the South Carolina vote, Mitt Romney used the famous “shining city on a hill” line, and Indiana Governor Mitch Daniels repeated it in his rebuttal to Obama’s State of the Union address. Somehow, [...]
Topics: cartoon, economy, income inequality, inequality, opinion, recession, Republican primaries, wealth, wealth disparity
I watched enough of the debates leading up to Iowa to conclude that the Republican candidates for president seem to live on a different planet than the rest of us, one where the only problem this country has is named Obama. Unemployment at 9 percent? Millions of homes foreclosed? The erosion of the middle class? [...]
Topics: cartoon, economy, GOP, Iowa, Iowa caucuses, jobs, opinion, primaries, recession, Republicans, unemployment
December 28th, 2011 | 5 Comments
Interesting story yesterday about how wide the economic gulf has become between members of Congress and their constituents. According to the New York Times, the median net worth of the folks in Congress grew 15 percent from 2004 to 2010, while the public saw its net worth drop 8 percent. Senators and representatives have always [...]
Topics: 1%, 99%, cartoon, Congress, economy, income disparity, inequality, opinion, recession, wealth
November 3rd, 2011 | 3 Comments
A day after Europe agreed on a bailout plan for Greece, the Greek government, reeling from the unpopularity at home of the deep austerity moves the deal imposes, decided to put the whole thing to a referendum of the voters. The outcome, if the vote is allowed to happen, is pre-ordained, and will throw world [...]
Topics: bailout, cartoon, default, economy, Euro, Euro zone, Greece, opinion, Papandreou, recession, referendum
I was working my way across the radio dial on my way home the other night, delighted to hear the right-wing blathersphere ablaze with denunciations of the Occupy Wall Street demonstrators, a sure sign that they’re starting to have an impact. Oh, those commies, those hippies, those radicals, those anarchists, those evil revolutionaries and their [...]
Topics: banks, bonuses, cartoon, demonstrations, economy, foreclosures, housing, income inequality, Main Street, Occupy Wall Street, opinion, recession
I’m guessing that the Lords of Wall Street aren’t particularly interested in anything the protesters have to say, unless they have a cool tip on a new way to make obscene amounts of money by spinning off esoteric derivatives, insider trading, or taking the economy to the brink and getting billions in bailout money, all [...]
Topics: banks, cartoon, economy, greed, opinion, protests, recession, Wall Street
September 15th, 2011 | 9 Comments
You’ve got to love the thinking here. Obama proposes a hefty $450 billion jobs bill, containing many items that Republicans used to favor. The tab is to be paid by raising taxes on the wealthiest Americans to their pre-Bush tax cut levels. The Republicans (surprise) oppose asking the rich to pay for the jobs the [...]
Topics: cartoon, economy, GOP, job creation, jobs, jobs bill, Obama, opinion, recession, Republican Party, taxes, the rich, unemployment
Yesterday, the last of the recall elections in Wisconsin were decided. All told, more than $35 million was spent to overturn two seats in the Wisconsin statehouse. That was just for the campaigns. I don’t know how much the state of Wisconsin spent to hold the elections. The total for the nine recall elections was [...]
Topics: economy, opinion, politicians, politics, recall elections, recession, Washington, Wisconsin
The president, freed, at least temporarily, from the limit hostage crisis, has turned his attention, finally, to jobs. His problem, and the nation’s, is that there’s almost nothing he can do to create more jobs. Having tied himself to deficit reduction, he can’t very well call for the stimulus necessary to shake the economy out [...]
Topics: cartoon, debt ceiling, debt deal, deficit, economy, employment, jobs, Obama, opinion, recession, unemployment
No explanation needed, I’m guessing. Sadly, the market gyrations, as I expected, have produced a hardening of partisan positions, rather than the hoped-for wakeup call. We are in the hands of lunatics on the right and cowards on the left. Let’s go the Wisconsin route and recall the lot of them.
Topics: cartoon, Congress, debt, deficit, downgrade, opinion, politics, ratings, recession, S&P, Standard and Poors