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by WashingtonsBlog
Even Democratic Party Loyalists Starting to Wake Up to the Fact that Obama Is As Bad As Bush … Or Worse Glenn Greenwald notes that even Democratic party loyalists are getting fed up with Obama’s Bush-like actions: Even the most loyal establishment Democrats are now harshly denouncing the president for his war on transparency …. This secrecy has become so oppressive and extreme that even the most faithful Democratic operatives are now angrily exploding [...] by George Washington
More Redistribution of Wealth to the Richest Sure, Bush made the rich richer. But Obama has actually redistributed wealth from the middle class to the very richest more than Bush. Specifically, income inequality has increased more under Obama than under Bush. Indeed, inequality in America today is worse than it was in Gilded Age America, modern Egypt, Tunisia or Yemen, many banana republics in Latin America, twice as bad as in ancient [...] by WashingtonsBlog It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness The “fiscal cliff” is a myth. Instead, what we are facing is a descent into lawlessness. Wikipedia notes: In many situations, austerity programs are imposed on countries that were previouslyunder dictatorial regimes, leading to criticism that populations are forced to repay the debts of their oppressors. Indeed, the IMF has already performed a complete audit of the whole US financial system, something which they have [...] Over 13 years as an MEP, Daniel Hannan has witnessed first hand how Brussels works. Now he has written a forensic analysis of why it’s rotten to the core. His devastating critique should be required reading for every politician. There is a popular joke in Brussels that if the European Union were a country applying to join itself, it would be rejected on the grounds of being undemocratic. It’s absolutely true – [...] Policy Mic When most people hear about the redistribution of wealth they think of welfare payments and health care for the elderly, but the real redistribution of wealth is from the 99% to the 1%, not the other way around. The rapid expansion of the money supply by the Federal Reserve does not flow into the economy evenly, but is added in at distinct points. The most distinct of these [...] Uploaded by CapitalAccount on Feb 16, 2012 Follow us @ The rating agency moody’s has warned it is considering downgrading the investment banking world’s biggest players — this includes Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley…the list goes on and on. I like the way the Wall Street Journal put it: “Moody’s is worried about everything in investment banking.” And speaking of worries — Art Cashin of UBS in his note this [...] From Economic Policy Journal: … John Allison is the former chairman and CEO of BB&T, the nation’s 10th-largest financial holding company. He was named one of the 100 most successful CEOs by the Harvard Business Review and since 2009 has been on the Wake Forest University Schools of Business faculty as Distinguished Professor of Practice. Allison spoke to the Trib about the Federal Reserve Board’s detrimental effect on the nation’s slow recovery from the [...] Every time I believe Barack Obama has reached the final level of unbridled hypocrisy, he amazes me by putting forward an idea or utterance that brings the words “unmitigated gall” to an entirely new level. On Wednesday, January 11, Obama will make a plea to profitable multinational companies which have relocated their manufacturing and production facilities overseas to return to the United States. This is being done ostensibly as part of his [...] http://www.washingtonpost.com/opinio…y.html?hpid=z3 The study that shows why Occupy Wall Street struck a nerve The hard-right conservatives who dominate the Republican Party claim to despise the redistribution of wealth, but secretly they love it — as long as the process involves depriving the poor and middle class to benefit the rich, not the other way around. That is precisely what has been happening, as a jaw-dropping new report by the [...] Washington’s Blog
Preface: While conservatives are against redistribution of wealth and liberals want to tax the affluent, conservatives and liberals, the affluent and the less well-heeled should all agree that we have to stop the surge in inequality from rising further: As Robert Shiller said in 2009: And it’s not like we want to level income. I’m [...]
PRINCETON, NJ — Americans break into two roughly evenly matched camps on the question of whether the government should enact heavy taxes on the rich to redistribute wealth in the U.S. Forty-seven percent believe the government should redistribute wealth in this way, while 49% disagree, similar to views Gallup found four years ago. Republicans and Democrats have sharply different reactions to the government’s taking such an [...] In the last thirteen years, a new financial order replaced capitalism in America. With cat-like tread, this transformation has caught most Americans unaware, let alone some of country’s best financial minds (many of them fascist anyway). This new order constitutes the socializing of risk, a concept I have termed: Sociapitalism. Sociapitalism is different than Social Capitalism – a European concept. Social capitalism is the redistribution of wealth through social programs, such as [...] by aka In my little corner of the world, few read blogs such as this, or spend time watching talking heads. In my little corner of the world people are busy trying to figure out what “other white meat (chicken)” they can afford to eat this week. Where will they have to cut back to afford the gas (pick up trucks for work, etc.) that they have to keep [...] A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country.
The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government. The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last [...] by wswarrior 1. Most number of times something has been “priced in” (QE2) 2. Longest string of quarters with rigged “estimates” 3. Highest number of triple digit losses vanishing “in late trade” 4. Highest number of losses mitigated during final minute miracle “rallies” 5. The highest, criminally inflated average holdings of 401K plan 6. Longest string of weeks where a loss is limited to 1 day only 7. Longest string of weeks where a loss vanishes the [...] Congress and American economists are blaming China for America’s economic woes. But as I’ve previously pointed out, while China’s weak Yuan policy is hurting the U.S. to some extent, America’s economic problems are largely of its own making. As I have previously documented, America’s too big to fail banks and government have destroyed our economy by: Failing to prosecute those who committed rampant fraud, thus encouraging them to do it again Rewarding the gamblers [...] by David In his economic beliefs, the Burgousis exploits the Proletariat. one must equal the field through redistribution of wealth (by the way – this was proposed in the 30′s by a Democrat). History has proven that when taxes are cut, revenue increases: The total wealth, if you measure it as GDP – the sum of all goods and services produced, is roughly the same, year after year. Then, if the wealth of some small group of people is growing faster then GDP grows – this growth can only happen by redistributing wealth from one part of the society to another. The mechanism behind this redistribution is the miracle of compounding interest. Compounding interest [...] Foreclosures continue to rise. Just last week, Realtytrac reported that homes in default or foreclosure represent over 14% of all homes in America. The foreclosure rate for Q1 reached a new record high. This is not conducive to stable, much less increasing home sales. By late summer, home sales will atrophy! The market is already showing signs that it can’t stand on it’s own. New mortgage applications are down 27%, banks [...] |
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