Mar 302011
 

By Paul B. Farrell, MarketWatch | Aug. 10, 2010, 12:45 a.m.
Reposted on March 30, 2011

Gold. Tax cuts. Debts. Wars. Fat Cats. Class gap. No fiscal discipline

ARROYO GRANDE, Calif. (MarketWatch) — “How my G.O.P. destroyed the U.S. economy.” Yes, that is exactly what David Stockman, Ronald Reagan’s director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, “Four Deformations of the Apocalypse.”

Get it? Not “destroying.” The GOP has already “destroyed” the U.S. economy, setting up an “American Apocalypse.” Continue reading »

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 Posted by at 8:59 pm
Mar 302011
 

But remember that Wall Street is merely a symptom of big corporate capitalism, the underlying disease.  

By David Korten, YES! Magazine

Posted on March 30, 2011

In an earlier day, our rulers were kings and emperors. Now they are corporate CEOs and hedge fund managers. Wall Street is Empire’s most recent stage. Its reign will mark the end of the tragic drama of a 5,000 year Era of Empire. Continue reading »

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 Posted by at 5:43 pm
Mar 302011
 

Commentary: A ‘Super-Rich Delusion’ is leading us to ruin

By Paul B. Farrell, MarketWatch1March 29, 2011, 12:01 a.m. EDT

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, tax the Super Rich. Tax them now. Before the other 99% rise up, trigger a new American Revolution, a meltdown and the Great Depression 2.

Revolutions build over long periods — to critical mass, a flash point. Then they ignite suddenly, unpredictably. Like Egypt, started on a young Google executive’s Facebook page. Then it goes viral, raging uncontrollably. Can’t be stopped. Here in America the set-up is our nation’s pervasive “Super-Rich Delusion.” Continue reading »

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 Posted by at 5:04 pm
Mar 302011
 

A company with a long history of corporate abuses and reactionary positions, including support for the worst American politicians, dictators, and practices injurious to animals and nature. Its opposition to labor unions is as virulent as it’s legendary.

Fatima Goss Graves | Thursday 24 March 2011

DVD cover for Robert Greenwald's documentary "Walmart, the High Cost of Low Price".

No matter how available wage data is sliced and diced, a single truth remains: a wage gap exists between male and female workers. On average, full-time female workers make 23 percent less than male full-time workers. And for women of color, the gap in wages is even larger. African American women and Hispanic women working full-time make far less, on average — 62 percent and 53 percent respectively — compared to white, non-Hispanic men. Continue reading »

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 Posted by at 4:26 pm
Mar 302011
 
Why Governor LePage Can’t Erase History, and Why We Need a Fighter in the White House 

By Robert Reich

See also: Indecent Slimeballs, on this site.

March 24, 2011

LePage: Calling him a miserable bastard is much too kind for what he really is.

Maine Governor Paul LePage has ordered state workers to remove from the state labor department a 36-foot mural depicting the state’s labor history. Among other things the mural illustrates the 1937 shoe mill strike in Auburn and Lewiston. It also features the iconic “Rosie the Riveter,” who in real life worked at the Bath Iron Works. One panel shows my predecessor at the U.S. Department of Labor, Frances Perkins, who was buried in Newcastle, Maine. Continue reading »

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 Posted by at 3:54 pm