Republicans, unsurprisingly, debunked again. This article points to a study that looked at all taxes paid by Americans and were barely a progressive system. It's clear that all segments of our society pay taxes. There's on issue, though, that means things are worse than the article points out ( Read more... )

In our 1.5 party system, both are beholden to business. A clear example is provided by by Ruth Marcus in her Washington Post column on baby formulas. It seems producers have been adding unproven new chemicals to formulas, driving up prices. Since half of all their sales from from the Federal government and States through WIC, that means taxpayers ( Read more... )

A few weeks back, I was in a Sears to buy some clothes. The person at the register wanted to know if I'd like to apply for a Sears card. Since I'd get a discount if I did so, I agreed. I did tell him that I might not get the card, since a bankruptcy was still on my record; but he said not to worry about it and the register said my application was ( Read more... )

Madoff was sentenced to 150 years for his financial scam. The DMW calls him "disgraced ( Read more... )

Just saw a link to an article about FDIC Chair Sheila Bair on Bloomberg. What's very clear is how a Republican who was appointed by Shrub is working closely with the new Democratic President. Why? Because she can think, rather than just parrot whatever Cheney demands ( Read more... )

Both Shrub and Obama just handed wads of cash, with Congressional approval, to the financial industry firms, then expressed surprise that business stayed as usual and they handed out enormous bonuses to people for destroying the economy. Obama's now announced very strict demands on the auto industry in order to have the bailouts ( Read more... )

American government leaders want European governments to spend more in order to help the economy. Europeans continue to complain that the US is spending far too much. Guess what, they're both wrong, because they only mouth the words about understanding each other's economies ( Read more... )

I'm reading about the bailout. I completely agree that the unions needed to have wages and other benefits depressed. They can drop a lot while still remaining above non-union shops. However, two things show that Shrub is staying a voice of the wealthy to the bitter end ( Read more... )

The Senate killed the auto bailout because they felt the unions weren't making necessary concessions. On the surface, that looks correct. Senators wanted more accountability for both management and the workers if the $14 billion was to go to them ( Read more... )

I just caught a new clip extract of a Shrub interview. When asked if he's to blame for the current problems, he said he wasn't, since the Wall Street crisis is a problem that evolved over "a decade or so." Hmmm, let's think. A Republican controlled Congress sidelined the previous President over private sexual matters, and did what they wanted for ( Read more... )