All of a sudden MSNBC cable commentators are talking about plutocracy and oligarchy. Surprisingly, the first occurrence of this I’m aware of was Chuck Todd, reacting on his Daily Rundown show to the spectacle of Republican candidates traveling to Vegas to seek funding from Sheldon Adelson and his group of hugely wealthy Jewish Republican donors. Todd began to explore the implications of that event. He seemed exercised, and more than the slightest bit upset, about its meaning for Democracy and used the words plutocracy and oligarchy. Andrea Mitchell also discussed it later and she, too, registered apparent dismay, while using the “p” and “o” words.
|By: letsgetitdone Saturday April 5, 2014 4:00 pm|
|By: letsgetitdone Sunday March 30, 2014 8:00 am|
Abby Huntsman’s first rant about entitlements soliciting generational warfare, got a lot of pushback from defenders. I reviewed the main points made in defense of entitlements, and then added “the most important point of all” as well. Abby made a second try, however.
|By: DSWright Friday March 28, 2014 2:00 pm|
As US student debt soars to the $1 trillion mark researchers are finding that the phenomenon is having long term deleterious effects on society. Namely the increases in student debt is widening the already massive wealth gap in America.
|By: letsgetitdone Tuesday March 25, 2014 7:06 pm|
I wonder what people will think of the 0.1 % when they understand more fully that their efforts to get ahead aren’t independent of the 0.1%’s efforts over the years to manipulate both the poitical and economic systems. And that further, the primary cause of the failure of poor people and the middle class to gain ground over the past 40 years is due to the deliberate efforts of the wealthy to structure both economics and politics in such a way that both nominal and real wealth would flow increasingly from the bottom to the top.
|By: DSWright Monday March 24, 2014 10:59 am|
After Congressman Paul Ryan went on Bill Bennett’s radio show and blamed poverty on “inner city” culture there was a public outcry. Most observers understood that the comment was a thinly veiled racial attack, a view bolstered by the context which included Ryan referencing Charles Murray, co-author of the extremely controversial book on racial intelligence [...]
|By: letsgetitdone Sunday March 23, 2014 12:56 pm|
MSNBC’s right wing representative on The Cycle, Abby Huntsman, got a lot of pushback from Social Security defenders after her rant last week. But, there is one point, the most important one of all, which is not made in all these “progressive” push back arguments against Abby Hunstman’s right wing Petersonian “Fix the Debt” rant. That is the point that there is no entitlement crisis and no emergency, and neither an increase in payroll taxes, nor robbing from “future generations” is necessary to close the projected gap after 2033
|By: DSWright Tuesday March 18, 2014 1:22 pm|
Billionaire Ken Langone is the latest 1%er to join the ranks of the abysmally stupid that gain entry by making ridiculous statements about Nazi Germany and contemporary American politics. Langone should really know better being an active participant in politics both in destroying former New York Governor Elliot Spitzer by funding private investigators and operatives like Roger Stone as well as being a central fundraiser for Governor Chris Christie (back when that was still a thing).
|By: DSWright Tuesday February 11, 2014 1:21 pm|
Postal banking is a proven concept with programs already working in the United Kingdom, Germany, and Japan. It even existed at one point in the United States. Instituting (or rather re-instituting) postal banking is not only a great way to provide underbanked Americans with a useful service, it would also help financially secure the US Postal Service which is still struggling to cope with the emergence of email and private package delivery services.
|By: DSWright Wednesday January 29, 2014 6:57 am|
Last night President Barack Obama gave his State of the Union speech. In the speech Obama addressed growing concerns in the country about lack of opportunities and yawning wealth inequality. Poverty, lack of labor participation, and wealth inequality have gone to record levels under his administration. As the problem has gotten progressively worse the rhetoric seems to be ever more soaring.
|By: DSWright Tuesday January 28, 2014 12:22 pm|
Tonight, during the State of the Union address, President Obama will likely drone on about how he thinks wealth inequality is an important issue. And the polls show Americans agree, the economy is polling as the number one issue while an increasingly number of Americans no longer identify as middle class. These concerns come amidst one of the worst labor markets in American history with an anemic workforce participation rate and record poverty.
The state of the union is weak.