News & Comment
Blogs and Opinion
The Enemy of My Enemy Is My President by Rober Scheer, truthdig.com | October 12, 2012Maybe I have been too harsh in judging Barack Obama’s economic performance. Instead of following George W. Bush’s lead in bailing out the bankers first, I wanted Obama to do more for beleaguered homeowners and less for the Wall Street swindlers who trafficked in toxic mortgages. But the president must have done something right, or the hucksters at Goldman Sachs wouldn’t hate him so. read more »
9 Things That Show Mitt Romney Is Morally Bankrupt by Adele Stan, alternet.org | October 11, 2012To Mitt Romney, it seems, personal morality amounts to a roster of good personal habits (no smoking or drinking, a faithful marriage, generosity and compassion for ailing members of his faith community) that add up to a kind of personal exceptionalism that trumps whatever havoc his business behavior or political policies may wreak on the life of any poor schlub who should should cross his path. It all amounts to a kind of moral bankruptcy, in which the former Massachusetts governor presumes he is entitled to a morally superior reputation for which he has not kept up the payments. It’s not that hard to be good to your family and friends. If true morality is evidenced by how one treats strangers, Romney’s reputation as a moral actor should be under water. Here are but nine bits of evidence of the moral bankruptcy of Willard Mitt Romney. There exist many more, but life is short. read more »
The Romney Men: 6 Filthy Rich Moguls Who Will Do Anything to Elect Mitt by Lynn Parramore, alternet.org | October 11, 2012The following 1 percent wonders are doing just fine under Obama, but since their worldview is largely restricted to an obsession with their marginal tax rate, they can’t refrain from denouncing the president and thinking of new ways to thwart his re-election bid. The Romney men desperately want to see the first financier president, a man after their own cold hearts. read more »
- Matt Yglesias wrote an important post today about why Pete Peterson's ongoing crusade to cut the deficit is killing us. He notes that many serious liberals dismiss the (dirty hippie) idea that the focus on long term deficit reduction is wrong in itself in favor of the idea that it's simply wrong for the current situation. read more »
The 1 Percent's Cry for Justice by Jim Hightower, creators.com | October 10, 2012It's out! This year's list of American success stories has just been published, and according to its compiler, it "instills confidence that the American dream is still very much alive." Maybe you are one of these success stories. You might be a great public school teacher, for example, who motivated students to achieve new heights or an inventor who came up with an energy-saving device and got it to market at a fair price, generating a profit for yourself, the environment and society generally. No, no, no. Not that kind of success. We're talking money — the flow of mammon beyond regular people's wildest dreams. That's how Forbes magazine measures not only "success," but also a person's value: You are what's in your Swiss bank account. And, just to rank last on this year's "Forbes 400" listing of America's wealthiest people, you need more than a billion dollars in financial wealth. read more »
Why the Obscenely Wealthy Whine When They Have It So Good by Frank Joyce, alternet.org | October 10, 2012So, Mitt Romney now tells Sean Hannity he was “completely wrong” about the 47%. On the surface that looks like a typical etch-a-sketch campaign pivot. But I think there is more to it than a little clean up in aisle three. My theory is that after careful research and analysis, the smartest guys at 1% World Headquarters reached a disturbing conclusion. They decided that the whole fiasco needs to be contained as much as possible because it has the potential for serious damage well beyond the November election. How? Let’s see. First, the setting. This is how they think and talk among themselves. It’s not just at fundraisers, but in their churches, country clubs and board rooms as well. Their servants hear them all the time. But they can’t tell for fear of being easily dismissed. Thanks to YouTube we now get to see and hear for ourselves. read more »
- As Atrios says, you've got to love the framing of this article: WASHINGTON — Senator Charles E. Schumer of New York, the Senate’s third-ranking Democrat, threw cold water Tuesday on what had been an emerging consensus for a bipartisan deficit- reduction plan — an overhaul of the tax code that lowers top income tax rates but raises more revenue. Mr. Schumer’s position greatly complicates efforts to win bipartisan support for a deal before January, when the “fiscal cliff” of tax increases and automatic spending cuts goes into effect. That bastard, coming along and ruining everything. But the meat of the article is interesting, because it shows that Shumer is doing no such thing: read more »
- Note - See also, Is This Why Romney Won't Talk To Sensata Workers Whose Jobs Are Being Shipped To China? read more »
- The Bureau of Labor Statistics was created in 1884 by Chester Alan Arthur -- and now Jack Welch wants to see its birth certificate. President Arthur was a rock-ribbed Republican, a product of New York's Conkling political machine, but he was clearly a shifty liberal.You can tell by the eyes. read more »
Obama's Record Is His Firepower to Debate Victory by Earl Ofari Hutchinson, Huffington Post | October 4, 2012Debates are as much about style points as substance. But substance with style points will win every time. And this is where Obama can always beat Romney. It starts with his record that Romney has run against. It's an astoundingly productive, and perfectly defensible record that keeps the focus on these crucial make-or-break election issues, the economy and health care, and then, his handling of foreign policy. Obama can say and keep saying that the economy despite the towering problems has shown clear signs of rebound, with unemployment down, with most economic indicators indicating positive growth, and the administration has proposed measures to reduce the deficit without putting at mortal risk Social Security, Medicare, and Medicaid. read more »
A culture of bullying and greed: Wanted - interns for Goldman Sachs... , independent.co.uk | October 17, 2012
WikiLeaks Is Down After Denial of Service Attacks, mashable.com | August 9, 2012
After five days of denial of service attacks, the WikiLeaks website has been knocked out. more »
The Spreading Scourge of Corporate Corruption, The New York Times | July 11, 2012
Perhaps the most surprising aspect of the Libor scandal is how familiar it seems. Sure, for some of the world’s leading banks to try to manipulate one of the most important interest rates in contemporary finance is clearly egregious. more »
Needy States Use Housing Aid Cash to Plug Budgets, The New York Times | May 16, 2012
Vermont Legislature Passes Resolution Challenging Citizens United, commondreams.org | April 21, 2012
From 'Pipe Dream' to 'Mainstream' citizens fight back against corporate personhood more »
Goldman Sachs: Lloyd Blankfein 'disappointed' by claims of 'toxic' greed, telegraph.co.uk | March 14, 2012
Legal Fees Mount at Fannie and Freddie, The New York Times | February 22, 2012
Taxpayers have advanced almost $50 million in legal payments to defend former executives of Fannie Mae and Freddie Mac in the three years since the government rescued the giant mortgage companies, a regulatory analysis has found.
To: DOJ Funky fascist America Dept
Subject: Accountability more »
Apple investigates 'sweat shop' factories following suicide threat, telegraph.co.uk | February 13, 2012
The technology giant, which has faced criticism over working conditions at some of its suppliers’ plants in China, said today that it had asked the Fair Labor Association (FLA) to conduct “special voluntary audits” of several facilities, including factories owned b more »
On the Trail of Mortgage Fraud, The New York Times | January 17, 2012
When is a crime not a crime?
When criminality subverts the system, challenges the system, becomes the system. From the Kleptocrats' point of view it is the systematic breakdown of each and every law which gets in their way; preventing the ascent to power of their enhanced moral values.
The Kleptocrats are really America's third political party.
Help Stop SOPA/PIPA Breaking The Internet, wordpress.org | January 14, 2012
You are an agent of change. Has anyone ever told you that? Well, I just did, and I meant it.