A Parable Comes to Life in Washington DC, Elizabeth Warren Edition

By: Saturday December 13, 2014 10:00 am

There are a lot of members of Congress who say they love a certain old storyteller, but after watching them at work these last few days, they sure don’t act like they love him — or hist stories.


House Set To Pass Bills Written For And By Wall Street This Week

By: Tuesday October 29, 2013 12:50 pm

House members who plan to vote for these bills have no fear whatsoever of being so obviously in Wall Street’s pocket. The bill is exposed as being written by Wall Street lobbyists and no one cares? Then again, perhaps Wall Street writing the bills is so commonplace in DC that such a revelation is in no way surprising or worth further consideration by members of Congress.

Europe’s Financial Elites to Greece: Drop Dead

By: Saturday June 16, 2012 5:00 pm

The New York Times has a lengthy, heart rending account of the suffering Greeks are going through as their economy collapses, money disappears, businesses close, and their ability merely to survive faces increasing risks. More here from The Guardian on the collapse of health care system.

If there had been an equivalent natural catastrophe — a massive tsunami or earthquake — the response to the human suffering on this scale would, one hopes, be entirely different. Whatever else y0u do, you save the people first.

But this human catastrophe — with echoes in Spain, Portugal, Ireland — was entirely man made by Europe’s financial elites.

Greece Survives the Summer, Prognosis for Future Not So Hot

By: Monday July 4, 2011 6:22 am

European finance ministers agreed to extend more money to Greece yesterday, after the Greeks fulfilled their end of the bargain by passing a severe austerity and privatization package amid mass protests. The finance ministers extended the 8.7 billion euro ($12.6 billion) loan, which added to the 3.3 billion euro loan from the IMF will get Greece through borrowing and debt service for the rest of the summer. This money essentially passes through Greece on the way to European banks, who are the main creditors.

TARP Kills: Political Careers in Peril from Bailouts; Americans Overwhelmingly Support Government Stimulus to Create Jobs

By: Friday July 16, 2010 7:02 am

We learn from this poll that people support government spending to create jobs, even if it requires ignoring the deficit in the short term. We also know from political science that increasing employment and average disposable income really helps the party in power politically.

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