Worth watching. The lies are these – (watch the video to see how he debunks them): Tax cuts for the wealthy and corporations will trickle down to benefit the middle class and the poor. Corporations are having higher profits now than we have seen in 35 years. Ratio of profits to wages is higher now
Read on »Posts Tagged: economy
Made in America
One of the ways we can all help our economy is to look for products made in America, especially in the upcoming Christmas season. Here are some directories to get you started finding products made here in the United States by American workers. Americans Working a Directory of products made in the United States US
Read on »TARP worked, the Stimulus worked
Rachel Maddow crunches the numbers – TARP worked, the stimulus worked, and Health Care is working. The economy is not out of the woods yet – we still need major turn-around on jobs, but we are WAY better than we were in 2008. We are on the right track, and we need to stay there.
Read on »links for 2010-02-21
It’s Not Your Money | Ian Welsh Most people get this, but libertarians seem to have a hard time with it – "It seems like every time I discuss taxation, some libertarian will waltz in and say 'it’s my money and I don’t see why the government should be able to take it.' So let’s
Read on »links for 2010-02-19
Officials: Austin Plane Crash May Be Intentional : NPR And he was a tea bagger railing against the IRS for taking "his" money awa from him. Domestic terrorism. (tags: terrorism teabaggers Texas) The Richest 1% Have Captured America's Wealth | Economy | AlterNet The U.S. already had the highest inequality of wealth in the industrialized
Read on »links for 2010-02-18
Economic Perspectives from Kansas City: Wall Street Still Doesn’t Get It An interesting perspective. Dunno what I think about it yet — "A Wall Streeter buys the life insurance policies of individuals with terminal illnesses, packages them into securities, and profits when the underlying collateral dies. In his most recent movie, Michael Moore documented the
Read on »links for 2010-02-11
CSS3 Hover Tabs without JavaScript « Kamikazemusic.com (tags: css3 webdesign tutorial) Figure Skating: The Olympics' Broken Sport : NPR The prime purpose of the new and unimproved scoring system was to better quantify the various elements in a program — required jumps and spins — so that the famously nefarious judges would have less latitude
Read on »Barney Frank puts ridiculous questioner in her place at town hall
At a Barney Frank town hall meeting in Dartmouth, MA, a constituent asks, “Why are you supporting this Nazi policy?” Frank responds: “On what planet do you spend most of your time?” He then calls her approach “vile, contemptible nonsense.” He closes by saying: “Trying to have a conversation with you would be like arguing
Read on »Economic Meltdown Articles of Interest
There are a couple news items about the economy that I found to be tremendously helpful. I’ve linked to them from one or another of my links posts, but it’s very much worth it to pull them out and highlight them, because knowledge is power, and more average people need a really good understanding of
Read on »The Daily Show With Jon Stewart Jim Cramer Unedited Interview
Jon Stewart takes Jim Cramer to task for CNBC’s failure to cover the illegal and unethical behavior of banks and financial companies that created our current economic crisis. Part 1: Part 2: Part 3:
Read on »How the world almost came to an end on Sept. 18th
How a run on Money Market accounts on September 18th almost collapsed the global economy – terrifying stuff that is just coming out now about what the Treasury and Congress were doing behind the scenes. Quoting from Zero Hedge: LiveLeak has caught a scary moment of previously undisclosed insight by Paul Kanjorski where he reveals
Read on »I can has?
I think if he just went to the Capitol like this, those Republicans would get their heads straight pretty quickly. They’re selling these things on eBay for $80.00.
Read on »Rachel Maddow Must-See
If you didn’t catch Friday night’s Rachel Maddow show, take the time to watch it now. What she has to say on the Senate’s vote about the economic stimulus bill is critical.
Read on »In the news
Scary bits in the news, all coming at once. Publisher O’Reilly lays off 14% of it’s staff – 30 of 222 employees. Indianapolis insurer Wellpoint lays off 600 people. Circuit City closes and liquidates remaining stores. Citigroup reports $8.29 billion loss; twice as much as expected. Bank of America Posts Quarterly Loss After Bailout Lots
Read on »Mixed emotions
So many reasons to be happy, and yet… California and Prop 8 is still to close to call. And as the NY Times explains — “Ban-gay-marriage amendments were approved in Arizona and Florida, and gay rights forces suffered a loss in Arkansas, where voters approved a measure banning unmarried couples from serving as adoptive or
Read on »CNN: Money Fact check: Plumber Joe’s taxes
According to CNN Money small business owners will not see an increase in taxes. McCain has entrepreneurs spooked about tax hikes, but fewer than 2% of small business owners would pay more under Obama’s plan. … Should small business owners fear for their wallets if Obama is elected? Not the vast majority, business and tax
Read on »The Debate in 90 Seconds
The few things that jumped out at me — John McCain does “air quotes” while talking about the health of the mother in emergency abortion situations — so apparently the health of the mother is irrelevant? Wow. So let me get the Republican position straight here — when I get raped, I’ll be forced to
Read on »More than just the last couple weeks
Over the weekend, we got caught up on watching our saved Rachel Maddow shows — one thing that struck me was than when she interviewed Pat Buchanan, he keep going to the same talking point — “McCain is suffering in the polls over the last three weeks because of the economy taking a nose dive!”
Read on »The American Dream
Reading this article today on what the AIG executives did after the nation bailed out their company nearly made me throw up with anger: Have you heard of anything more outrageous – a week after taxpayers commit $85 billion dollars to rescue AIG, the company’s leading insurance executives spend hundreds of thousands of dollars at
Read on »Some economic legislation IS needed
I know I spoke out against bailing out greedy rich Wall Street investors last week, and I still feel that way. But even at that time, I understood that some sort of financial intervention into the economy needed to happen — preferably one that helps the middle and lower classes. I sort of assumed that
Read on »Republicans derail talks with infighting
I want to hear a debate tonight. If McCain flew to Washington to fuck up talks about the bailout and to drag Obama into the weeds with him, he better stand up in front of me and explain himself. If if he’s too much of a chicken to do so, then Obama should appear without
Read on »I heard the news today, oh boy…
I’ve tried numerous times to stop blogging about political matters. I’m not any sort of expert on them, and they do make me frazzled in a way that isn’t always healthy. There are lots of cool things going on in our lives that I should be talking about instead. But like many people I know,
Read on »David Letterman Reacts to John McCain Suspending Campaign
McCain canceled his appearance on the Letterman show to “race back to Washington to work on the crisis” but while the show was being taped, McCain was in THE SAME studio with Katie Couric instead.
Read on »Barack Obama on the Economy
Candidate Obama addresses what’s happened in the last few days. Every time I hear him speak, I think this guy is the most presidential guy I’ve seen in years. Does Barack need to suspend the campaign and return home? Here’s an astute analysis from metafilter: This is entirely needless. Yes, they’re both Senators, but that
Read on »Rachel Maddow on the Bailout
My favorite part of this is the Bush quote “now is not the time to be partisan. We need to come together…” I disagree. I think this is a GREAT time to be partisan. The best possible time, actually. The Republicans FUCKED UP. There’s just no other way to see this. The fuck-ups don’t get
Read on »Clinton on the Administration’s Proposal to Restore Stability to U.S. Financial Markets
Statement of Senator Hillary Rodham Clinton on the Administration’s Proposal to Restore Stability to U.S. Financial Markets WASHINGTON, DC – Senator Hillary Rodham Clinton made the following statement on the administration’s proposal to restore stability to U.S. financial markets. “When the American people, facing a foreclosure crisis and struggling economy, turned to this administration for
Read on »To Middle Class, Economic Crisis isn’t News
Barack Obama outlines exactly what he wants to do to fix the economy. You can read more about his plan here. Transcript of the Video: In the past few weeks, Wall Street’s been rocked as banks closed and markets tumbled. But for many of you — the people I’ve met in town halls, backyards and
Read on »Quotes of the Day: “the fundamentals of our economy are strong”
John McCain – speaking THIS MORNING on today’s financial markets meltdown: “You know that there’s been tremendous turmoil in our financial markets and Wall St. And it is — people are frightened by these events. Our economy, I think still — the fundamentals of our economy are strong. But these are very, very difficult times.”
Read on »Unemployment climbs to 5-year high of 6.1 percent
According to the Associated Press: By JEANNINE AVERSA – 1 day ago WASHINGTON (AP) — The nation’s unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years — and it’s likely to go even higher in the months ahead, possibly throwing the economy into a tailspin
Read on »Republican Wealth and the Economic Struggle of Ordinary Americans
This was an interesting juxtaposition of articles that came through my feedreader today. Via Metafilter, I learned that Vanity Fair did a breakdown of dollar value of the clothes the women of the Republican National Convention were wearing: One of the persistent memes in the Republican line of attack against Barack Obama is the notion
Read on »Exxon has record profit again on soaring oil prices
From Reuters: NEW YORK (Reuters) – Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company. Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share,
Read on »It’s a class war, stupid
If you only read one article about the 2008 election, make it this one – Matt Taibbi’s “It’s a Class War, Stupid” in Rolling Stone this month. Taibbi’s article about the looming economic depression (yeah, you read that right – I didn’t say recession, I said depression) is spot on… and the mainstream media is
Read on »Anecdotal Evidence
People I know who have either been laid off or are on the verge of having it happen, or who are otherwise struggling financially: 8 Yes, that would be 8. Eight. There’s no way you can tell me we’re not in a recession. And I’m frustrated with anyone thinking about voting in more of the
Read on »Stuff we could have bought with Iraq War money
Courtesy my friend Lori — this link to Something Awful’s list of stuff we could have purchased with the money we’ve spend blowing the crap out of Iraq. Like…. 454 of the Tallest Building in the United States more than 80,000 of the world’s biggest truck 156,250 episodes of Arrested Development 298,412,466 Sony Wega 23″
Read on »Arnold Schwarzenegger is against Bush’s new tax cuts
Conservative Arnold Schwarzenegger is against Bush’s new tax cuts. That’s really interesting.
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