Showing posts with label U.S. Economy. Show all posts
Showing posts with label U.S. Economy. Show all posts

Sunday, November 22, 2009

Changing The Jobs Debate with Dean Baker & John Nichols



The Nation's John Nichols , author of "Tragedy & Farce: How the American Media Sell Wars, Spin Elections, and Destroy Democracy" calls the unemployment crisis a "social, economic and political threat," writing of the growing sense of urgency within an administration facing a purported recovery that hasn't extended to everyday people. Around the country, decaying manufacturing towns and communities are suffering in ways that are hidden by the statistics, and a rising GDP doesn't do much for Main Street. Economist Dean Baker of the Center for Economic and Policy Research and author of "Plunder and Blunder: The Rise and Fall of the Bubble Economy" wrote:...>>>>> {or at Blip TV}


In all this time of collapsing, and bailing out those who caused it as well as their economics of the expanded reaganomic ideology, there has been Extremely Little to None private capital being reinvested to grow the economy! We were sold the idea that that's exactly what we would get, constant flow of investment from the top trickling down to bring economic stability. It was the Extreme Con some stated it would be, and we're still collapsing only slower!!

Wednesday, June 10, 2009

Wall Street’s Toxic Message



When the current crisis is over, the reputation of American-style capitalism will have taken a beating—not least because of the gap between what Washington practices and what it preaches. Disillusioned developing nations may well turn their backs on the free market, warns Nobel laureate Joseph E. Stiglitz, posing new threats to global stability and U.S. security.
By Joseph E. Stiglitz July 2009


Amen Joseph, this isn't capitalism we've lived through, developed by the few to enhance the few, this is just what any criminal element would love, and have. Started back in the days of reagan, and forecast that when it collapses it'll take the whole down with it, it was rapidly sped up during the previous 8 years. And even though many were being extremely used they fell for it, thinking that the little crumbs, and a lot of credit, would boost their stand in society!!

And the so called 'captains of industry' will fight extremely hard to keep the con and graft going, and they'll even have many regular folk arguing on their side, saying they really do deserve all that compensation and personal/company perks, even when they fail