Tag: p2

Giulliani Latest Republican to Show Blatant Racism

With all the shootings of both black people and police from Minnesota to Louisiana, politicians have been looking for either the right way to respond to the violence or the politically expedient way. There were many individuals, both politicians and celebrities, who sought to ratchet down the inflammatory rhetoric and advocate that, as a country,…

The Stock Market and the Economy ARE NOT the Same Thing!!

First and most importantly, the stock market is not the economy. I cannot count the number of times I have had to explain, during a conversation over the U.S. economy (or any other government for that matter), that when I’m referring to “economies” being in trouble, I’m NOT talking about the frakking stock market. One…

Low-Wage Growth is Masking a Looming Disaster

Something has been clear in every single Bureau of Labor Statistics monthly jobs report over the last several years: The growth in the number of jobs has largely been in low-wage positions. In other words, the jobs that are coming back aren’t the same ones that went away during the Great Recession. Service jobs, part-time…

My New Year’s Wish: Less Hyperbole More Solutions

My high school English teacher was a spiteful, cranky, ok, I’ll say it, a down-right mean old coot of a woman. She had various aliases–“Iron Jaw” is the only one I can say in print without worrying about her ghost reaching out from the meta-sphere and crushing my man parts. But she taught me one…

Wanna Know How Politics Makes Us All Dumber?

There’s a basic assumption that lies at the base of politics in the U.S. It hides just under the surface of every speech, editorial, article, essay, blog and talking-head “news” program. It’s assumed to be the very core of our Constitution. It’s the belief that most of our bitter political battles are simply based on…

Don’t Get Used to Low Gas Prices-Big Ethanol is Lobbying

(updated from October 22, 2014) Weakening demand for gasoline–which also affects ethanol producers–is getting ready to hit the front pages of a few major news outlets–but you won’t see this on any televised news–and not for a reason known by average Americans. U.S. ethanol producers are approaching the so-called “blend wall,” a term used to define a condition…

If Democrats Lose the Midterms It’s Their Own Fault

Let me be brutally honest; if the Democrats lose like they’re supposed to lose according to polls, they have nobody to blame but themselves. With the GOP’s intensely anti-Main Street meme, how the hell can Republicans not be getting strung up in effigy across the entire span of middle-class America? How have they managed to…

Don’t Get Used to Lower Gas Prices-Big Ethanol is Pouting

Weakening demand for gasoline–which also affects ethanol producers–is getting ready to hit the front pages of a few major news outlets–but you won’t see this on any televised news–and not for a reason known by average Americans. U.S. ethanol producers are approaching the so-called “blend wall,” a term used to define a condition where the 10% blend of…

Hey SCOTUS/GOP-Money is Property not Speech

Today the U.S. Senate voted on Senate Joint Resolution 19, a constitutional amendment that would once again allow the federal and state governments to place limits on political campaign spending because our illustrious Supreme Court doesn’t know the difference between free speech and property. That said, the “Democracy for All” amendment merits passage. The reason that it won’t…

Austerity: Punishing the Poor for Mistakes of the Rich

Why can’t Americans take the simple action to look across the ocean and see just how badly austerity devastates economies, and especially the poor, during economic downturns? Do we really want the same to happen here just to make President Obama look bad? Really? Because this is what you can expect if we keep cutting…

GOP Austerity Could Kill You…on the Highways

The latest battle over taxes and GOP austerity is hitting the highway, and could kill anyone reading this article including you, your children, or your children’s children. As Democrats have been trying to reason with Congressional Republicans in general, and Tea Party zealots in particular, our roads and bridges, as badly degraded as they are,…

Conservatives Panic Over Piketty’s “Capital” Popularity

While most still solvent Americans were celebrating Memorial Day with Brats and Burgers, an elite cadre of economists was locked away in dens and private nooks, pouring over data sets by bankers lights or pounding keyboards to express opinions on the French economist Thomas Piketty. Wow, can you say “par-tay”? Piketty’s simplistically titled but exhaustively…

The Painful Results of Trickle Down Gullibility

At various pivotal points in history, the United States has had the good fortune to cobble together a reasonable action, despite many powerful, unreasonable factions opposing it; but the idea that one shouldn’t worry about inequality because everyone will benefit, as in Ronald Reagan’s now infamous “trickle down” theory, has fortunately been thoroughly discredited. In…

It’s the GOP Making the U.S. Look Weak Not Obama

Contrary to what weak assed FOX bimbos would have you believe, if anybody is making the U.S. look weak, it’s the GOP, not President Obama. Consider what the rest of the educated world sees through non-partisan eyes: On Sunday Senator Lindsey Graham went on CNN’s “State of the Union”, and claimed President Obama is “weak and…

Dismantling The Post Office and Americana: Corporatocracy

How could anyone have imagined the complete takeover of Americans’ lives and livelihoods  by a small group of wealthy individuals and a Corporatocracy that transferred everything in the public good to privatized entities for the benefit of a few? Herodotus, the ancient Greek historian, saw that inclement weather could not keep the mail from being…

The Extinction of the U.S. Middle Class via TPP

Of all the reasons to fear for the extinction of the American middle-class, The Trans-Pacific Partnership is the most foreboding menace since George W. Bush’s Crash of 2008 and the 2010 election of Tea Party “patriots”. Coincidence that Trans-Pacific Parntership and Tea Party Patriots share the same initials? hmmmmm.  There has been more news about…

Liberals Are Losing the War of Words

Liberals cannot bring themselves to admit that they’re losing the war of words to self-interested, crass, racists; but they are. Why aren’t liberals winning election after election even though the conservatives are on the wrong side of women’s’ rights, genetically modified foods, gun safety, job creation, destruction of the middle-class, the environment, and countless other…

America’s First Woman Fed Chairman Has a Lot on Her Plate

Today, February 1, 2014, Janet Yellen becomes the first woman to be Chair of the Federal Reserve Board in its 100-year history. She assumes her eminent position at a critical juncture, not only for the U.S. economy, but for the very survival of millions of its citizens. Immediate challenges of immeasurable importance – above all,…

Wendy Davis Becomes Focus of GOP War on Women

Wendy Davis has really pissed off the GOP. She’s strong-willed, intelligent, has strength of character, and worst of all, she’s blonde, attractive and doesn’t want to be Elisabeth Hasselbeck; sandwiched between two bitter old white men, sitting on a couch and disparaging anything of diversity in America on FOX “News”. How dare she? And she…

GOP Cuts in Unemployment Brings New Level of Misery for Millions

It galls me, especially having recently earned an MBA in Financial Economics (in my “spare time”) at an age well north of a half century, to see the United States let politicians, who know absolutely nothing macroeconomics– with nothing but a sick psychotic need to feed their superiority complex– let their own people starve and…

For Political Progress We Need Serious Action: By Us

If things are going to change for the better in this country, my fellow Dems and I need to take some some action, starting with refusing to believe that it’s enough to gripe about Republicans on social media. In my humble opinion, we’d better take a page out of our opponent’s playbook and quit talking…

Racism:The Real Reason GOP Wants Non-Whites Poor-Starving

I used to have the hardest time understanding why the GOP/Tea Party (they are one and the same now) want as many Americans as they can muster, uneducated, poor, and unhealthy. That is, until Barack Obama became President. It’s pretty clear that despite the cries of socialism, destroying the economy, the national debt, and on…

The Filibuster is Dead, Long Live the Filibuster

It came as no surprise to me that The Washington Post editorial page led the charge in denouncing the change in Senate filibuster rules that Majority Leader Harry Reid (D-Nev.) and 51 of his Democratic colleagues finally made on Thursday, November 21st, 2013. The king is dead, long live the king! is a traditional proclamation made following the accession…

It Turns Out the Tiffany Network is More Like Zales

I’ve been perusing the various respectable online news sources since last week’s on-air “apology” by Lara Logan of 60 Minutes. I mostly wanted to revel in the pronouncements about the lost credibility of 60 Minutes on account of it being duped by a source in its reporting on the Benghazi attack. I’m an ass like that. Ever…

If Merely Surviving is Touted as a Job Goal Has The GOP Won?

When survival is touted as a job goal, self-sacrifice becomes a virtue. These people– A lawyer, a computer scientist, a military analyst, and a teacher–have something in common that fifteen years ago would’ve been unimaginable; they are trained professionals, most with advanced degrees, who cannot find a full-time job. Since 2008, they have been tenuously employed –either working…

The Media Has Failed America As Badly As Republicans

Lost in all the political falderal for the last five years is the fact that teevee media “news” departments–once immune to budget constraints and concerned more with getting the truth to the American viewing public than ratings–have become farther from actual “truth-seekers” than professional wrestlers have become to the youngster participating in the sport you…

Stigmatize Those Who Cause the Pain, Not Those In Pain

No, got-dammit, this government shutdown is not like the one in 1995 because the middle-class is broker, and the got-damm Tea Party and so-called Libertarians now stigmatize the poor, and proclaim that if you are sick just die dammit, don’t bother me. Well I’m old enough to remember December 1995 when the United States government…

How Come Tea Partiers Aren’t Called Insurgents?

In many parts of the world — let’s say Egypt, for a familiar point of reference — members of an “irrational fringe” who tried to undermine the political system by overturning a law already confirmed by three branches of government would be called insurgents and their behavior would lead to arrest, prison or worse. Here?…

Income Inequality is Economic Incest

As surely as rape is about power, not sex, income inequality is about power, not money. Forcing women to have babies against their will is about power, not babies. Forcing women to have babies even if it endangers the mother is about absolute power. Controlling who can vote and who cannot is about power, not…

WHOA! Putin Bullshits Just Like A Republican!

I have to admit; I read Vladimir Putin’s New York Times op-ed with amazement; not so much at what he said, but how much he sounded like a typical Republican practicing the fine art of cognitive dissonance. Actually, George W. Bush was the first administration to fully utilize the fact that news cycles have become instantaneous.…

Syria: The Quintessential No-Win Predicament

High-level policy-making in the U.S. government is a big ole booger in and of itself, but the situation that President Obama finds himself is the Kobiyashi Marue of predicaments: it is literally a no-win predicament.  For those of you are not Star Trek fanatics, the Kobiyashi Maru was a Star Fleet training exercise which involved…

Are Opinions Now the Same as Facts?

Here’s my liberal beef for today; in America, we have all become accustomed to 24/7 access to information overload and sometimes that line between opinion and fact have become blurred, but the Tea Baggers Party has become so accustomed to their low-information base believing whatever their “Tokyo Roses” (Hannity, Limbaugh, O’Reilly, etc.) spew that they…

Are The Economic Elite Winning Against The 99%?

As much as it pains me to consider this, I have to ask myself; are the Economic Elite–who have benefited the most from American freedoms–winning the war against the 99%, the progressive alliance and its subsets of women, minorities, LGBT, and poor? Many points along the timeline in American history exhibit the divergence between the people…

The REAL Reason Obamacare Scares Hell Out of the GOP

What is the REAL reason Obamacare scares the beejeezus out of the GOP? It was signed into law by the president in March 2010 and it survived a ruling by a clearly conservative, even activist Supreme Court.Yet their insane obsession with its dismantling rages on. Republicans and FOX continue to urge its repeal, with the…

Do Repeated Acts of Southern Treason Invite a 2nd Civil War?

150 years after the end of the US Civil War, the same Confederates and the federal government are poised for a rematch over the repeated acts of treason by states seeking to deny one of the most important founding tenets of democracy– voting rights– to black Americans, and ultimately over the fundamental rights of all…

ALEC Distracts Electorate From Economy, Jobs; Is It Too Late?

Even the most clueless Americans are beginning to look up from their smartphones and tablets and see the severe ideological crevasse that distinguishes progressives from conservatives, whether it’s on economics, morality, patriotism, or whatever the ALEC-controlled red-state legislatures can use to keep women, blacks and Hispanics in survival mode through either abortion or immigration standoffs.…

The GOP is Privatizing Our Country Into One Disaster After Another

With a single act, the GOP exposed the madness of privatizing every government agency they can possibly manage to squeak past voters in their insane quest to privatize the U.S. government. Private contractor-employed and mid-level computer analyst Edward Snowden went to China, handed over volumes of National Security Agency data—including surveillance, names of operatives and…

The GOP’s Descent Into Madness–And America’s Apartheid

Years from now historians are going to have a ball with the early 21st century aren’t they? As political upheavals go, some historians in the future might say the election (and re-election) of Barack Obama might be the most consequential event in America’s relatively short history. Some might point to the obvious lies, corruption, and robbery…

Edward Snowden is Irrelevant: Why He Had Access IS Relevant

Let’s be absolutely clear: Edward Snowden, the man, is absolutely irrelevant—Two questions are relevant: One question that’s relevant is why on earth did this person have access to data that could cause such damage—if indeed that’s even the truth?  Snowden will be hunted relentlessly and, when finally found, with glee, brought back to the US…

Patriots or Just Irrational Tea Party Paranoia?

There’s a fine line between healthy caution and paranoia. The U.S. has been under stress for over a decade and that always heightens emotions. When emotions are out of control logic flies out the window. Republicans have seized the opportunity to promote their failed brand of obstructionism and of all things, austerity. You can see it…

Opinions Are Like Butts Everybody Has One and Most Stink

Here’s my beef for today; in America, we have become so accustomed to 24/7 access to so much information that the line between opinion and fact have become one and the same for the least informed but biggest slice of our country. Hell yes everybody is entitled to their opinion, but like butts, everybody has…

This Recovery is NOT Real But Would You Like To Buy My House?

Americans—except Republicans of course– would really like to believe that the recovery is finally here. I mean, after five years of high unemployment, the GOP obsession with government deficits and a disappearing middle class, a bona fide recovery would make millions of Americans, as well as a faltering global economy, feel more at ease.  That’s…

Obama’s Watergate My Ass, Nobody Screws Up or Lies Like the GOP

This Liberal’s Beef right now has got to be the abject stupidity and short-term memory failure of anyone who thinks that Benghazi-gate, IRS-gate and AP-gate, even if stacked on top of one another and then super-sized, come close to the original “gate”; the Big Kahuna; the Mother Lode of “gates”; the “gate” of course being the obligatory suffix ever…

The Stupidest Congress Ever and We Put Them There

It takes a great deal of stupidity to call anything this Congress dishes out as the “stupidest”, but by gawd this bunch of idiots has managed to do just that; they are actually considering the stupidest law in the history of mankind.  The US Congress, its approval rating still near all-time lows, is reinforcing its own record…

The Tea Party Puppets and the Death of Compromise

My Liberal beef of the day? The GOP has allowed a minority of its own members, the so-called Tea Party, who are manipulated by the very wealthy to use them and their gullible ignorance to dictate party positions. For all of their political leaders’ tough talk, the Republicans have steadfastly refused to act responsibly as…

Budget “Austerians” And Deficit Hawks Won’t Face The Facts

Today’s Liberal Beef?  It staggers my imagination to think of how much more solid the U.S. economy’s recovery would be if not for the damned “austerians”, or Tea partiers as they prefer to be labeled—and boy do they LOVE labels– were not such suckers for the panderers and deficit-obsessed. According to the latest forecasts, both…

Student Debt Not National Debt is Crushing The Recovery

For all the talk from the GOP about their fear that our national debt will crush the younger generation under the weight of our American “credit card” debt, the truth is–and has been since the crash during the waning George W. Bush’s disastrous Presidency– the lack of a vibrant economy and the jobs that come with…

The Reason You Feel Like You’re Making Less Income? You Are

If you’re like me and it feels like you’re working harder and making less these days, there’s a very good reason for that. You are. Wages of working Americans– just like the overall effect of government cuts during an extremely fragile recovery–are being wrung out like an old wash rag; and it’s accommodating our economy’s…

Is the Sun Setting On the U.S. Middle-Class?

You have to hand it to Americans; despite inexorable proof to the contrary, a surprisingly large number of them refuse to admit that the sun is setting on the middle class. Now, that’s not just HGtransecon’s  observation. It’s also the implied, if not stated conclusion of a very recent Heartland Monitor poll, which is conducted…

What Congress Does Best-Nothing

Despite widespread fears that dramatic budget changes would wreck an already fragile recovery, Congress unsurprisingly decided not to stray from their recent modus operandi and do what they do best– which became exponentially more prevalent since the current substandard Supreme Court decided to let corporate billions subvert the democratic process via the inexplicable ruling in…

Don’t Get Too Excited About February’s Unemployment Drop

More than five years after George W. Bush’s economic crash, it apparently doesn’t take much to get people excited about the state of unemployment. The Labor Department’s February employment report showing the economy generated a better than expected 236,000 jobs and the unemployment rate had fallen 0.2 percentage points to 7.7% was sufficient to get the optimists’…

Same Mistakes Being Made Now That Caused The Great Depression

By embracing the gratuitous anti-government rhetoric and archaic economic theorizing that passes for policy analysis in much of today’s G.O.P., Congress and the White House might be making the same mistake that F.D.R.’s Administration made in 1937, when it brought on another recession. And Fed Chairman Bernanke, a much-ballyhooed expert on the Great Depression has,…

Why the GOP Congress Doesn’t Care What You Think

Embracing the gratuitous anti-government rhetoric and archaic economic theorizing that passes for policy analysis in much of today’s G.O.P., Congress and the White House might be making the same mistake that F.D.R.’s Administration made in 1937, when it brought on another recession that led to the Great Depression. And Fed Chairman Bernanke has, on many…

The GOP Bankrupted the Postal Service On Purpose

Not surprisingly, the GOP with their ever-larger bag of dirty tricks, is the reason The United States Postal Service recently announced that it is cutting Saturday delivery starting in August, moving to a five-day schedule as part of a multiyear effort to reduce costs and remain viable. And that’s not the only change coming down in 2013.…

The 1930s Recession Could Return as Soon as This Friday

The sharp decline from the 3.1 percent growth in the previous quarter to the contraction by 0.1 percent in the fourth quarter has not as yet lead to widespread fears that the United States is about to enter another recession. Not yet anyway. But given that much of the cause of the decline can be…

Boom or Bust: All Economic Indicators Say It’s Time to Choose

Every reliable economic indicator available shows that the U.S is poised for either an economic boom, the likes we haven’t see in decades, or a total collapse back into the financial and unemployment quagmire of another recession. And there only a few things in the position to tip the course of the next few decades…

Republicans Continue to Lie About the Economy

Boy, Republicans tell a lot of lies, but the biggest is the Republican’s economic lie. According to Senate’s #1 Republican, the budget deficit is “the transcendent issue of our time.” Of course this is the same man who also proclaimed that his primary goal for the United States Senate–despite the country being in the worst…

How Long Will America Endure This GOP Economic Rollercoaster?

I have to wonder just how long the GOP can keep taking America on this economic rollercoaster before we all lose our breakfast, lunch, and dinner. Everywhere you turn, it seems, there is an economic contradiction.  Economists fall back on the stock and trade of their vocation, mathematics. They have been tied in knots resorting to indicating…

Neo-Luddites Dragging Down Demand and Recovery

If only the Neo-Luddites in the U.S. would get their heads out of their rear-ends and stop dragging the U.S. economy down, our economic recovery would have a very good chance of staging a remarkable comeback. Lord knows that  the people of the eurozone are doing their part. Even facing  severely ill-timed austerity measures, I have to say that I’m surprised…

The Right’s Inflation Boogey-Man Is Fake

One of the most interesting “boogey-men” used by the far right is inflation. We are constantly bombarded by the fear of inflation if we don’t stop all this “runaway spending on the poor and elderly”. What a crock. As is their modus operandi, The Tea Party and its propaganda arm, FOX Noise, is constantly fear-mongering…

Economists Say Republicans Not Debt Threaten Recovery–Again

Just two weeks after Congress negotiated a last-minute deal to avert going over the fiscal cliff, economists say political roadblocks by Republicans, who have gotten hammered lately, are again throwing tantrums over the nation’s borrowing limit and could once again threaten to cause grave harm  the nation’s sluggish recovery and 99 percent of Americans’ well…

GOP Clamors To Reduce All Budgets Except Defense and Their Own

Republicans, clamoring to reduce everyone’s budgets except Defense and their own staff budgets, is profoundly disturbing in many ways. Most disturbing of all is that since taking control of the House in 2010 they have worked fewer days than any Congresses in our history. This can be expressed in terms that my generations’ parents used,…

Unions Drive A Healthy Middle Class And Robust Growth

Contrary to Michigan’s Governor’s claims, economists have been concluding that the wealthiest Americans spend a smaller share of their income than their middle-class counterparts. And reputable economists understand that unions provide the fuel for a stable middle class and economic growth. This means that as income disparity widens, economic demand wanes proportionately. Whether the middle…

Months To Recession But Obama Must Hang Tough On Cliff

If lawmakers do nothing, America faces fiscal tightening in 2013 worth up to 5% of GDP. That is a Greek-scale squeeze. No, it would not take many months for it to push the country into recession. But hopefully it won’t come to that and, conceivably, it could very well be the only way to Bring…

Congress Obviously Can Not Fix The Economic Crisis

I’ve been reading an excellent work, The Mess We’re In: Why Politicians Can’t Fix Financial Crises by Guy Fraser Sampson. The answer, to put it briefly is: “because they caused them”. One of the foundations of this excellent book is what I’ve also thought, and said, many times. That is, “within a Western democratic system,…

GOP Is Sure To Throw Debt Ceiling Tantrum-So Let’s Just End It

Must Republicans abuse every basic standard of humanity regardless of who it hurts  just so they can notch a “win”? We all know that Republicans are going to throw their newest hissy-fit using the debt ceiling; so let’s end what was intended to be nothing more than a parliamentary procedure once and for all. The…

Voters Should Do More Than Just Vote

If the last two years have taught me anything, it’s that the voting public in the U.S. should do more than just vote. I hate to be the buzz-kill at the party, but that simply isn’t enough. Going to work, coming home, raising kids, setting good examples, etc., are not acts of heroism. It’s the…

The GOP’s Deficit Boogey Man

The GOP is still pitching invisible boogeymen to voters, and the biggest, baddest boogeyman since President Obama took office, albeit never before then, has been the federal deficit. Why is it that some people are inherently more inclined to believe in what is not right there in front of them, than what is? England was…

“I Pity the Fool” That Obstructs Avoiding The “Fiscal Cliff”

To quote a well-known, prudent, compassionate scholar from the 1980s, “I Pity the Fool” who obstructs a mutual and effective collaboration in avoiding the “fiscal cliff”, come the 2014 elections. It is painfully obvious that the large majority of the American electorate wants cooperation, not confrontation, in Washington so that we can finally make some…

Mounting Evidence GOP Spending Cuts Are Recovery-Killers

As if any more evidence was needed to prove that drastic U.S. spending cuts is a recovery-killer, the euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. Two quarters of contraction put the euro zone’s 9.4…

Please Mr. President: No More Wall Street Whiners

I see President Obama’s victory as one not just for himself and principles of Democrats, but renewed hope that he has come to understand macroeconomics. Given that most voters do not understand the economics of fiscal multipliers, bank recapitalization, or quantitative easing, they seem to have understood enough to reject the Republican narrative that fiscal…

A Statistical Reason Romney Lost a “Sure Thing” Election

Lost among the “news” stories, following the 2012 election, the tale of Mitt Romney’s loss among Hispanic voters was on the front pages of New York Times and Washington Post, but there are clear and statistical reasons. Aside from the bubble that Republicans were living in where they even thought that if they just made…

Final Thoughts On The 2012 Election

Even though my forte is macroeconomics, what works and why, I’ve spent a lot of time lately analyzing politics, what works and why. These are my final thoughts on the 2012 election. So I’m not going to waste a lot of time and effort on what could very well be an approaching Republican civil war.…

The Fiscal Cliff: I Say Nothing Ventured, Nothing Gained

There used to be a saying when I was younger, stronger, smarter, and had more stamina that went something like, “Nothing ventured, nothing gained.” I think what we’re going to see post-election would be better to consider as, “Nothing Done, And Your Ass is Mine!” In the immediate aftermath of what, by most accounts, is…

What the Hell Has Happened to Our Democracy?

In conducting research for most of what I write, I correspond with many people well-read in economics and politics. And thanks to the internet, many of them are from other countries. Not surprisingly, the question I’m most often asked is “What the hell has happened to your democracy? The Republican Party seems to be dishonest,…

The Fiscal Cliff: I’m Ready For The Ride

The political arena is finally heating up beyond the land of debate prep. The “fiscal cliff” – what some call a pending economic calamity that is happening outside the bubble of the circus that has become American elections — is drawing closer, and analysts have already begun talking about the specific ways in which it…

Say Goodbye to Democracy If SuperPacs Succeed

Uber-Wealthy contributors behind right-wing campaign ads are after more than just victory in November. They’re trying to permanently reshape the political landscape–to change America from a Democracy into little more than a huge  banana republic; with a willing, complicit media. How else can we possibly explain what is happening before our eyes? We know that…

Choosing A President Has Made Us All Batcrap Crazy

What Americans allow themselves to be put through to choose a president, or any elected office it seems, is, to coin a cable pundit, batcrap crazy. The insane machinations Americans put themselves through to elect governing officials in general, and presidents specifically, has become an odd embodiment of some twisted manifest destiny of entertainment/politics/professional wrestling.…

Unemployment Rates: More GOP Fuzzy Math Exposed

Now that the falderal surrounding last week’s unemployment report has died down, we can again disprove the fuzzy math that leads brainiacs like Joe Scarborough, JacK Welch, and the FOX Propaganda Network use to justify their paranoid conspiracies when actual arithmetic was the dastardly culprit. Aside from it being another example of conservatives either not being…

Say it With Me-Release the Biden!!

“Release the Biden” has been the phrase bouncing around in my head for weeks. Honestly, it’s been growing exponentially louder lately. Even as I watched brilliant orator, President Barack Obama, energize campaign crowds, I kept hearing a little voice in my head saying, “I wonder if President Obama is a better debater than he was…

Hyper Partisanship Means Not Learning From Our Mistakes

The U.S. has become a victim of one of the most common dalliances in the history of the world; not learning from its mistakes. That’s what hyper partisanship will do to a nation. That’s what hyper partisanship is doing to this country. It’s a huge diversion and it keeps the country from learning from its…

Bad Medicine is Killing the Economy

Bad medicine is killing the economy. As I have said before, allowing political ideology, politicians, pundits, and a.m. radio hosts influence or dictate economic policy for the U.S. is absolute folly. Let me go one step further. It’s like having a someone who reads WEBMD prescribe medicine; what we’ve been doing is letting that person…

Monetary Policy Helps But Conservative Policy Would Destroy America

Central banks on both sides of the Atlantic took extraordinary monetary policy measures in September, but Republican policies would destroy any chance of America regaining it’s once-lofty status. The long awaited “QE3” (the third dose of quantitative easing by the United States Federal Reserve), and the European Central Bank‘s announcement that it will purchase unlimited…

Jack Welch and FOX NEWS: Paragons of Misinformation

The September jobs report, which revealed a surprising drop in the unemployment rate, immediately provoked conspiracy theories among the Obama administration’s critics. Former General Electric chief Jack Welch and FOX NEWS, paragons of skewed and biased opinions, have added conspiracy and misinformation to their proud resumes. This past Friday, October 5th, and kicked off the…

Idea: Put Economics Back Into Debate on Economy

There is significant agreement among conventional economists, including those from  both the left and right, on most key macroeconomic issues. But watching Republicans and Democrats constantly go after one another in public over economic theories reminds me of the theatrics of “professional wrestling”.  It’s easy to  assume that there’s a world of difference in their…

We Can Still Fix This Broken Economy

~~~UPDATE FROM EARLIER POSTING~~~ Repairing the broken economy would be an easy homework assignment for any sober, realistic economist. We can fix this broken economy but we desperately need for Congress to grow up. The main problem with the U.S. economy is the intrusion of politicians where they don’t belong. Politicians are simply not equipped to search for,…

Romney and Republicans Have Only Scorn for Average Americans

Unless you’ve been living in a coma for the past week, you are aware that Mitt Romney holds a deep and abiding scorn for American workers and those who represent their interest. Long a suspicion regarding the wealthy like Mr. Romney, when he was speaking to donors in Boca Raton, he confirmed in no uncertain…

The Fiscal Cliff Looms On the Horizon

No matter who wins on November 6th, they’ll be staring down the barrel of the “Fiscal Cliff” and sequestration. For those of you who have avoided the political circus, you might want to know a little about what happens on January 1, 2013 if no agreement is reached on the budget control act and how…

The U.S. Economy: What Happens on November 7th, 2012?

 Since it’s election time, with all the expected bickering, shouting, blaming and finger-pointing that comes with it, my question is this: regardless of who wins, what happens on November 7th? A few weeks ago, I wrote an article showing in very clear detail illustrating that the GOP campaigns going back over a generation have not…

Romney’s Economic Plan–Shhh It’s Not Really His

The reason Mitt Romney’s 5-Point Plan sounds familiar is because it’s not really his;  the GOP Economic Plan hasn’t changed in 30 years, regardless of the economic conditions.  Throughout the Republican “preliminaries” I kept getting the feeling that I had heard most of what the candidates were saying before. Turns out I’ve heard Mr. Romney’s…

Citizens United-The Destruction of Our Democracy : Part 1

Having witnessed the current cycle political campaigns more closely than i normally would, (and with the dog and pony shows known as political conventions thankfully over) we are in the home stretch of this year’s election cycle. As such, I’d like to address one, Citizens United, of two (the other is voter suppression in a…

GOP Out to Destroy the Last Defense To Economic Disaster

Mounting politically-motivated threats of interference from the  Republican Party on the Federal Reserve endangers the central bank’s independence and undermines confidence in the nearly century-year old institution that represents the last hurdle to another Great Depression. Having witnessed over the last 30+ years the Republican Party’s methodical roll-back of safeguards erected after the Great Depression,…

Political Conventions Are Needless Spectacles While Serious Problems Loom

As Americans’ ADHD turns to the ratings-driven, needless spectacles of the national political party conventions (the almost perfect characterization of a Dog and Pony Show) serious economic factors loom with impending ramifications to the U.S. completely lost on 75% of the American public. The recession in Europe, particularly Spain and the UK, grew stronger in…

Tampa Is Ground Zero for the Real Class Warfare

Republicans gather this week in Tampa, to nominate Mitt Romney for president. This is GroundZero for the real class warfare being waged in America. No more “quiet rooms” where Romney says taxes should be discussed. They will ruminate endlessly over how to change the national mood toward the absolute necessity of limited government, individual liberties and free markets.…

Romney: Myths, the Misses, and Impossible Mathematics

Frankly, I’m rather tired of the whole “Show me your tax returns” sideshow that has taken place lately. The problem with Mr. Romney is the same problem that occurred while George Bush was in office. There are just so many myths (Bane-when did he leave?), the misses (Mrs. Romney), and impossible mathematics (tax policy) taking…

Romney-Ryan is “Trickle-Down on Steroids”

As I have said many times, economic policy and its effectiveness is all about timing and implementation. The Romney-Ryan Plan meets neither criteria. “Trickle-down” was an utter failure for President Reagan and the Romney-Ryan Plan is “Trickle-Down” on steroids”. Economies are never static. They have natural ebbs and flows. To be successful over the long…

We Can Still Repair This Broken Economy

Repairing the broken economy would be an easy homework assignment for any sober, realistic economist. We can fix this broken economy but we desperately need Congress to grow up. The main problem with the U.S. economy is the intrusion of politicians where they don’t belong. Politicians are simply not equipped to search for, much less implement solutions.…

The Latest Bank Corruption Scandal Aids Iran

In the latest of a growing list of bank corruption scandals, foreign banks, until 2008 were allowed to transfer money for Iranian clients through their American subsidiaries to a separate offshore institution. In the so-called U-turn transactions, Standard Chartered Bank (an international banking groups with offices in 70 countries) claims to have only had to provide…

Don’t Be Fooled-There is an Easy Fix to Social Security

Social Security can be fixed. Easily. But the truth of the matter is that Social Security shouldn’t need fixing. The Social Security Trust Fund should currently have $2.5 trillion in surplus. But as in many such cases, Republicans have rewritten history to curry favor with their current base; even promulgating blatant lies about their own…

Romney Tax Stances Just Don’t Add Up

It’s no wonder Mitt Romney’s tax plan sounds so similar in tone to his steadfast refusals to release his tax returns; nothing about any of the Romney tax stances add up. The reason he steadfastly refuses to release his personal tax returns is easy. With as much damage as they’re doing to his campaign, there…

One Set of Rules For Big Business; Another for Everyone Else

If you don’t believe that there is one set of rules, laws, regulations and consequences for big business, big investors or big banks, and another set for everyone else, I would REALLY like to sell you some prime farm land in the middle of the Mississippi River. Yesterday’s Knoxville News (Tennessee) ran a story about a…

Are WE Really Looking At A Four-Corner Campaign for President ?

The U.S is suffering through the worst economy since the Great Depression and candidates for both political parties have decided, simultaneously, to play a Four-Corner Campaign Offense.  Forget about a “grand idea” for how to get us out of this self-inflicted gaping wound of an economy. Hundreds of millions of dollars are being spent, and…

UK & EuroZone Deep Recessions Spell Disaster for U.S. Under GOP

The UK’s double-dip recession has deepened sharply and unexpectedly in the second quarter leaving their economies smaller than they were when conservative governments took office. With the entire Euro Zone in recession,(Spain and Greece already in Depression territory),China building enormous inventories of everything from steel ($500 billion and counting) to snow globes, and now England…

Treasury’s Failures Bear Partial Blame for Weak Recovery

The Department of Treasury’s abject failure to keep its promises regarding the 2008 financial crisis is at least partially to blame for the weakness of the recovery; most notably its failure to scale back the size and complexity of Wall St. banks and its promise to use part of  TARP to “preserve homeownership.” The Home Affordable…

London / Wall St. Competing for Least Trusted Financial Center

London and Wall St. are apparently competing for the position of most disliked and least trusted multi-national financial center. Unfortunately, one after another banking scandal is getting almost no airplay in the U.S. at a time when a large portion of the population is struggling just to stay above water. In the latest example of banksters…

Facing the Truth that America Has Lost its Ethics is Painful

Facing up to the truth that America has lost its core ethics is painful, but true nonetheless. Evidence? One after another bank scandal in which no one is held accountable-much less punished The total evisceration of GOP political morals and The accelerating extinction of the once-mighty, but now endangered American middle-class By any standard of…

LIBOR: THE CULMINATION OF DECADES OF DISASTROUS DE-REGULATION

The LIBOR scandal that has overwhelmed London in the past week is now splashing onto America’s shores, and is the culmination of decades of disastrous de-regulation. It’s negative effects on the economy CAN NOT be overemphasized.  AUTHOR’S NOTE: And what did network “news” focus on last week for two days? Whether the Affordable Care Act…

LIBOR: Just When You Thought It Was Safe to Go Back To Your Bank…

Just when you thought it was safe to go back to your banks, this newest banking scandal, involving LIBOR, explodes. LIBOR (short for London Interbank Offered Rate) Abuse is essentially a fancy term for massive inside trading; quite possibly more harmful, more insidious, and more unfair than 10 housing bubbles. Scary? You bet. Does anybody…

Network News Divisions are Complicit in the U.S. Financial Crisis

News divisions used to be cost centers funded by entertainment divisions and the advertising that sponsored entertainment. Not anymore. All five of the Networks below reported on the earth-shattering “news” that “Katie is leaving Tom”, but not how perilously close we are to economic meltdown. Why? Economic meltdowns aren’t sexy. This makes the once-respectable and…

Will Anyone Stop This Runaway Train To Great Depression 2.0?

Apparently, The Federal Reserve, the U.S. Congress, the European Central Bank, Germany, France, even China and Russia, have all decided that avoiding the runaway train that is the coming economic catastrophe is somebody else’s responsibility. As much as I hate to admit it, it appears to me that the party is over. The runaway freight…

The Affordable Care Act has Republican Roots

“Just because a couple people on the Supreme Court declare something to be ‘constitutional’ does not make it so”-Rand Paul, (R) Kentucky Despite the obvious idiocy of the statement above, the Affordable Care Act has roots in recent Republican history as a cause for many a Republican’s wet dream…unless of course it has President Obama’s…

The Difference Between the GOP and Democrats

The fundamental difference between the way the GOP and Democrats think boils down to the answer to one single question: who bears the cost of prior governing mistakes? From the years I spent working for Fortune 500 companies or large law firms, I learned that the one thing they have in common is a basic…

Myth-Busting: GOP Lies On the Deficit and Spending

Republicans repeatedly place the blame for both the size of the national deficit and an “extraordinary” growth in spending at the feet of President Obama, but nothing could be farther from the truth on either point. Of all the onerous lies, the GOP and GOP supporters repeat, this one is the most often because they…

Will Judicial Activism Kill The ACA (and Untold Americans)?

Consensus, aided and abetted by a ratings-driven, corporate media, says that a conservative majority that has perfected judicial activism on the Supreme Court of the United States has become just another cog in a larger right-wing wheel to make progressive economic and legislative victories a thing of the past. However, consensus seems that the Supreme…

Lies About Obama’s Economy Republicans Love To Tell

  I realize that nothing unites Republicans, especially ego-maniacal blowhards like Joe Scarborough at MSNBC, (who spent the first 30 minutes of his show bellowing about “this President’s spending on” [insert your favorite Republican Talking Point here]) quite like the unshakable belief that Barack Obama has been unable to stop himself from squandering “ridiculous” sums…

GOP Austerity Gobbledegook De-bunked: Again!

If the majority of U.S. voters are stupid enough to buy into the GOP economic austerity gobbledegook and swallow their crazy, backwards, delusional, cockamamie economic theories, we deserve another Great Depression. I hate to admit it, but my dad may have been correct. He always told me that people generally get what they deserve. Last…

The GOP is Turning The American Dream Into A Nightmare

In my lifetime, The GOP has turned the “American Dream” from a badge of honor for our country into a cruel joke. Like a schoolyard bully, they’ve taken the carrot dangling in front of our faces that was an incentive to work harder and move forward and are holding it in the air, out of…

Must The GOP Always Use Fuzzy Math?

Once a discussion of Austerity vs Stimulus economics begins it’s clear that for either to work properly, it must be implemented in the same balanced manner as a math equation. Both sides of an equations, regardless of layout, format, methodology, or complexity. One plus one not just does equal two, one plus one MUST equal…

The Cure for the Republican Economic Bird Flu

The Republicans/Conservatives have infected the global economy with an economic bird flu crisis. Luckily there is a cure. The type of economic crisis that we are in consists of two distinct stages. We are now in the second and increasingly lethal  stage. This crisis is global in its scale and degree of its reach. It…

GOP Myths On The Economy

Myths seem to abound whenever economics is the issue. Below is a serious attempt at debunking some of the more prevalent bumper-sticker, no-basis-in-fact myths promulgated by the GOP. These are the most-often misquoted myths by conservatives who have brain-washed the masses who depend upon such economic intellectual giants like Joe Scarborough, Sean Hannity, and Rush…

Debt Ceiling Part Two: Economic Disruption Is GOP Goal

John Boehner, the leader of the House Republicans, has promised yet another fight with the White House over the debt ceiling. The euro zone is in deep economic trouble. The red-hot economy in China is slowing…quickly. The Federal Reserve is wavering. Yet, the biggest threat to the emerging U.S. economic recovery may be the obstructionism…

Austerity: The Real Euro Crisis Begins in Spain

For months, I’ve tried to explain that the real reason for concern regarding the euro is Spain, not Greece. Greece is largely symbolic; and easy fodder for conservatives to make a false equivalency between the poor in the U.S. and the “lazy Greeks”. In spite of all the baseless claims and bumper-sticker slogans tossed around…

Conservatism and Great Depression 2.0

So you think another Great Depression is unthinkable? Over the next days / weeks / months you will hear many times that Greece will / will not exit the euro and what it will mean to the U.S. and the world economy. In either of the scenarios, it will be disastrous. But I’m here to…

Do Not Believe the GOP: Social Security Is Running A Surplus

Adding yet another BIG LIE to the GOPs expanding list: Social Security actually added a $69 billion(with a “B”) SURPLUS in 2010 and $95 billion to its surplus in 2011 according to the 2011 Social Security Board of Trustees Annual Report. So, 2011’s net gain brings the Total Social Security Surplus at the End of…

Don’t Be Fooled-The GOP is Anti Capitalism

Capitalism is not perfect and is vulnerable to both human nature and some major flaws that have flourished since the Presidency of Ronald Reagan. In order for true Capitalism to function correctly, the government has to counter the flaws of capitalism, without hindering the market place, and provide a level playing field to insure competition…

Strange Bedfellows Make 2012 Elections Unpredictable: Op-Ed

Occasionally, I “go off the rails” and want to freestyle some thought processes other than economics. Hence, the “Trans” (going beyond) in Transecon. This is one of those times. The world economy is damned fragile at the moment. France and Greece shook things up a bit with their recent elections. Germany’s unpredictable response to their…

Stop the GOP Assault on the U.S. Economic Future

The GOP is assaulting the U.S. economic future along with women in general, Hispanics, civil liberties, education, and anything else the Koch Brothers might feel could interfere with their desire to own America. It’s time for the American electorate to stop listening to television “news organizations” that are more interested in stirring emotions and ratings…

It’s The Income Inequality Stupid!

Before the late 1970s, few economists in the United States gave much thought to the idea of economic inequality. In fact, it was hardly mentioned at all. However, as conditions have changed in the last 30 years, the incomes of the nation’s wealthiest 1 percent have surged, and drawn the scrutiny of a growing field…

Austerity vs The One Penny Solution

Paul Ryan, the GOP in general and European policy makers either just don’t get it, or they’re  trying to return us to the time where there was a Spanish Pope name Borgia (daughter Lucrezia), or my theory that Republicans are Neo Confederates is fact, not theory. To hear any of them talk, one would think…

U.S. Leadership – From Super Power to the World’s Problem Child

U.S. leadership, despite all its shortcomings and missteps, has been the brick and mortar of global stability since  World War Two. Despite the world experiencing a tectonic shift in economic and political power since the 19th century, no other nation, nor group of nations, is emerging that would be as prepared or equipped to exercise leadership…

Economic Policy – Does Anybody Really Know What Time It Is?

It’s time for the American electorate to stop listening to television “news organizations” that are more interested in stirring emotion and ratings than providing objective and meaningful analysis. Borrowing the title of this article from the iconic band Chicago, circa 1969 is oddly appropriate to where economic and political conditions currently stand in the U.S.…

Is the U.S. Middle Class About to Become Extinct?

Is the U.S. Middle Class About to Become Extinct? As long ago as 2005, many economists, including some at then-powerhouse banking conglomerate Citigroupconcluded that certain groups of Americans and the measurements based on those groups had become useless. “There is no such animal as the U.S. consumer,” Citigroup’s in-house economists had determined. Such descriptions as…

War : A U.S. Economic Strategy

Is it just me, or does the value of the U.S. dollar and the U.S. involvement in wars seem to follow one another around like high school best friends?  The Bretton Woods Accord and the status of the U.S. dollar as the world reserve currency coincided with the end of World War II (1939-1945).  The…

Revolutionary War-Republicans-And the New Confederacy

As a native of a historically significant Civil War city in the southern United States, as well as an economist, I have often had the feeling that by electing its first black President, the normal U.S. partisan politics were going to take on a completely new and intensified atmosphere. Not to make a direct comparison,…

Have Corporations Become Sovereign Countries ?

Have corporations become sovereign countries within our country? Is this the hidden agenda behind Citizens United, the War on Women, voter suppression, the vitriol surrounding the Affordable Care Act? Few would disagree that the world’s biggest companies appear to have as much influence, if not more, than sovereign nation states. David Rothkopf argues in his…

Ryan Determined to Push Budget Deleterious to Workingclass

Paul Ryan puts together a budget like most Republican, frat-boy types; he lies, cheats, and steals. Poster boy for “the Republican new-breed conservative”, Ryan is many things, but suspicious that the public-at-large will see through his economic cow pies is not one of them. One would think that after the public plastering his 2012 budget…

Do Not Let The Republicans Frame the Gasoline Debate

For the life of me, I cannot understand how the people of the United States continues to let a chosen few run roughshod over our political discussions, much less how much we pay for gasoline. The “outrage of the week” for me has been the slow crawl of gasoline prices and how a few blockheads…

The JOBS Act: Brother Can You Spare a Dime?

The JOBS Act. Is there no end to the intent of Wall St. and the 1% to bring about the destruction of the U.S. economy? As dumbstruck as I remain by the inexplicable repetitiveness of the political enabling for speculators to continually gouge the average U.S. citizens, I am even more so by total Congressional…

What could bring gas prices back to earth.

The last time the price of gasoline was below $3 a gallon was just before Christmas in 2010. What would it take to get the price at the pump down from its current level of $3.83 a gallon to what it cost fifteen months ago? Is $3 a gallon a historical relic? What could bring…

The Truth About Gasoline Prices

What or who is actually to blame for the seemingly random peaks and valleys of the gasoline game? Gas prices have definitely tamped down President Obama’s political polling in the last few weeks and every time this happens cries go out for someone to do something. The truth is, U.S. gasoline prices rank 101th in…

Bank of America reaches side mortgage deal: report

Bank of America reaches agreement with US authorities. Could reduce the mortgages of some 200,000 borrowers in order to avoid fines of up to $850 million [repostus hash=cda9b8f0eb1ceb6d1ea38d92f7285ea0 title=Bank%20of%20America%20reaches%20side%20mortgage%20deal%3A%20report host=AFP short=16SQY]

Why Have There Been No Wall Street Perp-Walks?

Attorney General Eric H. Holder Jr. announced in a speech last week that when it comes to fighting financial fraud, the Obama administration’s “record of success has been nothing less than historic.” Horse Meadow-Pies! Such a grandiose statement is not only self-promoting, and thus suspect on its face, it’s also just not true. Granted, Republicans…

Forget Dodd-Frank: Reinstate Glass Steagall

I can only imagine what a stampede of bison must have sounded like in the early 1800s. I assume it started as a barely audible rumble… maybe nothing more than a faint vibration. One thing is clear though. It was a sound that no one on the plains wanted to hear. Numbering in the millions,…

Libertarians – Historically Lousy Economics

Since the current Republican candidates hasten to promote “limited or no government,” I thought I would discuss the macroeconomic history of laissez faire – libertarianism of the last 150 years. This philosophy has many Ron Paul followers believing in it (and him) due to its simplicity and lack of necessity for understanding the myriad facets…

Just How Scuzzy is Mitt Romney? You Have to Read it to Believe It !!!

I normally try to confine my posts to matters involving the economy. But sometimes, a speech, or a statement made by a politician so disgusts me that I simply have to comment on it or risk spontaneous combustion. Yesterday involved such an event. As reported in several Michigan newspapers, among them the Detroit Press, Republican candidate…

How About Some Good News For the Holidays?

Despite hand-wringing and forecasts of gloom and doom from politicians wanting to blame one another for the downgrading of America’s heretofore stellar credit rating, all is well in Whoville….for the time being. Yes, four full months after Standard & Poor’s stripped the U.S. of its AAA credit rating and said the world’s biggest economy was…

Is the Dollar the Next Euro?

As we are all aware, the United States is stuck in a slow growth recovery from the Great Recession of 2008 and 2009. And while there have been some encouraging signs in the job market lately, it’s no wonder that neither consumers nor investors are jumping up and down to spend their money When the…

Europe’s Perfect Economic Storm

What happens when an economy attempts a cold shutdown of one of the biggest debt spirals that the world has ever seen?  Well, buckle up and buy lots of canned tuna, we are about to find out. Europe’s ruling politicos have decided that they are going to “take their medicine” and put strict limits on…

The “Redistribution” Big Lie

I am so tired of hearing the same old tired lies coming out of the conservative propaganda machine about the redistribution of wealth in this country. President Obama’s original proposal to extend and deepen payroll tax cuts for 160 million workers AND their employers would have been paid for by a surtax on America’s 350,000 top earners. Moreover,…

Is College Still Worth the Cost?

As a bona fide member of several groups, Baby Boomers, Parents of Adults, AARP, etc., I have come to grips with many matters fairly well I think.   Fewer of my investments are paying off as well, if at all. My numerous college degrees, two undergraduate and one MBA, have become more of a hindrance…

The Newest Member of OWS

On Nov. 28, U.S. district judge Jed Rakoff rejected a $285 million settlement between the Securities and Exchange Commission and Citigroup. In so doing, he essentially walked out of the federal courthouse on Foley Square and became the single loudest protester of all the protesters in Zuccotti Park. In an unusually specific court order, Rakoff…

What No One Is Telling You

As we approach another new year, the political season will begin to heat up in the midst of the cold winter ahead. A great many things can happen between now and election day next November and if anyone could accurately predict what those things would be, they could instantly become part of the “1%”. Unfortunately,…

Tis The Season To Be–Focused On The Economy?

One of the more popular buzzwords nowadays are “lost decade.” It’s actually another way of expressing the fear that today’s global financial problems will paralyze economies and stock markets for 10 years or more. Now, it’s a legitimate worry. But addressing the immediate dangers won’t be enough to avert a lost decade in the U.S.…

Something Is Seriously Wrong With The Global Economy

Forget Friday’s misleading drop in the unemployment rate okay? The evidence is building that global growth has stalled. And it’s about to get much worse.   Massive, bear market type volatility has even the most steel hearted market veterans feeling seasick from the ups and downs. Adding to the confusion has been some political and…

Washington–The Graveyard of the American Dream

Millions of Americans are facing a lost decade, living from paycheck to paycheck, struggling to pay their bills, having to borrow money and go deeper into debt. Blue-collar workers and the middle class feel they are falling further and further behind, no matter how hard they work. Older Americans are faced daily with the specter…

Inflation–Boogie Man or Casper the Friendly Ghost?

The last thing any candidate, anywhere in America wants to mention, is that the “I” word….unless it can be leveled at one’s opponent in some way. Inflation. There, I said it. No tsunami, no planet-killing asteroid, no 9.0 earthquake. The dreaded “Jimmy Carter Syndrome” as Republicans like to frame it, has been hiding in plain…

DEFENDING THE INDEFENSIBLE-THE GOP HITS A NEW LOW

Normally, it’s all I can do to post an article of mine every other day or so, but good lord, the Republicans just keep forcing my hand. How in the world the lame-stream media can just continue to allow Republicans to lie, cheat and steal with complete abandon and no challenge is beyond me.  …

The Really Big Lies that Politicians DO NOT Want You To Know

There seems to me to be a basic truth that the American population has come to accept that says: POLITICIANS CANNOT BE TRUSTED. Despite having made that discovery, most Americans seem to break that one short idiom down by adding a defining rationalization: POLITICIANS FROM THE “OTHER” PARTY CANNOT BE TRUSTED. The Occupy Wall Street…

Another Stock Market Crash is a Virtual Certainty

Occupy Wall Street doesn’t know what or even necessarily how, but they know something is wrong with Wall Street. Paid talking heads and and partisan pundits keep saying that nobody really knows what the Occupiers want or what they are protesting against. Well, let me help OWS out and tell you exactly why every single…

Political Mathematics Seems to Favor Republicans in 2012

From a strictly mathematical standpoint, the 2012 election is not looking good for the Democratic Party.   The Republican Party holds a solid majority in the House of Representatives , and the U.S. Senate, where Democrats hold a slim majority, also chances also seem likely to tilt into GOP control. Indeed, the election numbers don’t…

Why Europe’s Financial Woes Matter to Every American

Competing against the Herman Cain/Michael Jackson/Gloria Allred/N*****head Ranch/ “newsworthy” juggernaut is difficult of course. Admittedly, ballot concerns on this day are correctly centered more in Ohio and Mississippi with extremely important issues to hundreds of thousands of Americans in the balance.  But I am determined to stay focused on largely economic issues and simply hope that some…

What if We Were Talking About China Instead of Greece Today?

Ah, America. We have such a penchant for grandeur. As we spend our limited attention spans watching our political parties play “No, You’re a Poot-head”, or for the past few weeks, our Republican presidential candidates forgetting that we now have the capability to actually play back statements they made 20 minutes ago, there are circumstances…

Call Me Nostradamous?

Wouldn’t it be great to think that the congressional super committee is going to reach a bipartisan deal? Politically, it would be so refreshing to see Washington function for a change. But experience suggests to me that when all the smoke clears, there will be no deal.   So, you ask, what will happen? The Republicans…

Uncertainty Adversely Affects Employers and Wall Street? Balderdash!

One of the most common and least truthful, I dare say deliberate lies spread by Republicans these days is that “uncertainty” is stifling the economy. Eric Cantor, a.k.a. Mr. Slime, the House majority leader, is a primary proponent of this favorite Tea Party mantra. Specifically, says Mr. Cantor, “Jobs-destroying regulations have created a cloud of…

Why It’s Time for OWS to Take a Stand

Nobody in a position of authority in the U.S. Government seems to understand the threat to American institutions and ideals represented by the influence the financial industry now holds on our governing process. We are steamrolling towards a destabilizing division in our society where one interest group is running the nation to their own economic…

Yes, Another Blog about Occupy Wall Street

Having offered my own alternative solutions to the U.S. economic and tax policy screw-ups that are taking us quickly towards another Great Depression in an earlier blog, I have to wonder, “Is class warfare such a bad idea”? Willard Mitt Romney seems to think that’s what OWS is about. Although the “average” American has become…

A Reasonable Non-Partisan Budget Plan

As the Congressional “Super-Committee” grinds to a probable stalemate, perhaps there is a much simpler way to accomplish the primary goal without adding extra pressure on the already fragile economy. I won’t get into what I feel is the role that pure politics has played in getting the U.S. to this point, but given the…