Sunday, January 22, 2012

David Stockman Discusses "Crony Capitalism"

David Stockman, Ronald Reagan's Director of the Office of Management & Budget from 1981-1985 (http://en.wikipedia.org/wiki/David_Stockman) spoke on Jan. 20, 2012 with Bill Moyers. Understanding that Mr. Stockman is/was a (true!) Republican (as opposed to today's Republi-cons) it is my hope that EVERYONE watch the interview. ESPECIALLY those fiscally outside the top 1%!
Mr. Stockman woke up to the lies and deception of his party in the early 1980s. Me? It took me until the PATCO strike before I ... BEGAN ... to.

If you are outside the top 1% this is most likely the MOST IMPORTANT lesson about ECONOMICS & politics up to this point in your life:
http://billmoyers.com/episode/crony-capitalism/

Saturday, January 21, 2012

Even worse than Citizens United

"Last week, the Republican National Committee filed a legal brief in the Fourth Circuit Court of Appeals arguing that the ban on corporations giving unlimited contributions directly to candidates is unconstitutional. If the RNC succeeds, it will become legal, for example, for Citibank to give Mitt Romney's campaign a check for five billion dollars. Read about it and share it with your friends: Republican National Committee decides to finish destroying democracy." ... from the Daily KOS

Friday, January 6, 2012

Santorum Becomes Millionaire in Six Years After U.S. Senate Loss

SANTORUM: BECOMES A MILLIONAIRE IN JUST 6 YEARS AFTER LEAVING U.S. SENATE! I wonder how that could be?
http://www.bloomberg.com/news/2012-01-05/santorum-becomes-millionaire-in-six-years-after-losing-u-s-senate-seat.html
"Since his 2006 re-election defeat, the former Pennsylvania lawmaker has gone from being one of the poorer members of the U.S. Senate to earning $1.3 million between January 2010 and August 2011. In 2007, he spent $2 million to buy a 5,000-square foot home in Great Falls, Virginia, according to property records."

Sunday, January 1, 2012

The Big Lie: Wall Street has Destroyed the Wonder That Was America

"As 2011 slithers to its end, none of the major problems that led to the crisis point three years ago have really been solved. Bank balance sheets still reek. Europe day by day becomes a financial black hole, with matter from the periphery being sucked toward the center until the vortex itself collapses. The Street and its ministries of propaganda have fallen back on a Big Lie as old as capitalism itself: that all that has gone wrong has been government’s fault."

http://www.commondreams.org/view/2011/12/28-7

"But it won’t just end with taxes. When the great day comes, Wall Street will pray for another Pecora, because compared with the rough beast now beginning to strain at the leash, Pecora will look like Phil Gramm. Humiliation and ridicule, even financial penalties, will be the least of the Street’s tribulations. There will be prosecutions and show trials. There will be violence, mark my words. Houses burnt, property defaced. I just hope that this time the mob targets the right people in Wall Street and in Washington."