Clearly the Republican argument that tax cuts will stimulate growth is nonsense. These companies are sitting on cash, and tax cuts will only cause the profitable companies (taxes are on profits) to sit on more cash.

Round two voting is still open The opposition to the California marijuana legalization measure has a new website, called Public Safety First. It would more appropriately be called the Prison Industrial Complex Profit Protection Racket, because they are the same outfit who organized against California’s Prop 5, the Nonviolent Offender Rehabilitation Act of 2008.  The [...]

Bank and insurance CEOs aren’t the only ones getting rewarded for horrendous behavior in this recession. There’s Wal-Mart, whom Newsweek has now anointed as “Our Corporate Savior.” (Hat tip to dakine01.)

“Wal-Mart recently announced that its same store sales in January were up 2.1 percent, which was more than forecast. With the company’s huge network of stores and ability to strong-arm suppliers, Wal-Mart offers shoppers good merchandise at prices which becomes more and more attractive as the downturn continues.”