Category Archives: Economy

The Rich Continue To Get Richer, The Lower 93% Struggle On

  By Pamela Leavey | April 23, 2013 10:42 pm - 10:42 pm | , , , , ,
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If you are like me, you’re among the lower 93% still waiting for a break from the long recession/depression that we still haven’t recovered from. According to an analysis by Pew Research Center of newly released Census Bureau data, “During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%.” Honestly this is no surprise, it’s been a long shaky ride for most of America. The struggling class is still held down by the upper 7%. Time to turn that around, don’t you think?

The Paul Ryan Magical Mystery Chop, Dice, and Slice Budget

  By Walter Brasch | March 22, 2013 6:34 am - 6:34 am | , , , , , ,
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  By Walter Brasch   In 2011, before he was the Republican nominee for vice-president, Rep. Paul Ryan (R-Wisc.) proposed a federal budget. He called it, “The Path to Prosperity: Restoring America’s Promise.” Two years later, now in his second year as chair of the House budget committee, he dusted off and polished his old proposal. He calls this one: “The Path to Prosperity: A Responsible Balanced Budget.” His plan is to cut the federal deficit by $4.6 trillion in four years, reducing the deficit to about $12.1 trillion. While the Republicans blame President Obama and the Democrats for wild tax-and-spend policies that led to the huge deficit, they conveniently overlook the reality that Bill Clinton left George W. Bush … Continue reading →

Holding the American People Hostage

  By Walter Brasch | March 15, 2013 8:27 am - 8:27 am | , , ,
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by Walter Brasch   Judges who wish to assure that a jury has no outside influence will sequester them. Legally, a sequestered jury is seized by authority and isolated from all outside influences. The jurors are escorted into and out of the courtroom. They aren’t allowed to read newspapers, listen to radio news, or watch TV news, ’lest they could be influenced by the media. They are escorted to and from meals, and isolated from other customers. They can’t discuss the case with family or friends. They can’t even go home at the end of the day; they’re housed in hotel rooms. In the summer of 2011, a bipartisan “super-committee” was supposed to come up with a reasonable budget to … Continue reading →

The Politics of Economics

  By David Washington | February 19, 2013 6:39 pm - 6:39 pm | , , , , , , , , , ,
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The Republican Party has done an outstanding job at defining President Obama’s administration as spending more of our hard earned taxpayer dollars than any other president in American history. When in fact the evidence speaks to something entirely different; Citing Marketwatch, Rick Ungar a Contributor to Forbes Magazine, reports that President Obama has actually spent less money than any United States President since Dwight Eisenhower. David Gray, a writer for policymic.com, states that the Republican Party is not being 100% honest with the American people. The raw numbers show that yes, President Obama has spent more money than any other president in the United States, however once you calculate inflation, which is what Republicans are not telling you, President Obama … Continue reading →

I Feel Like A Number

  By Hart Williams | February 4, 2013 2:35 pm - 2:35 pm | , ,
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And in an appropriately blacked-out Super Bowl, featuring a Mercedes Benz commercial wherein a fellow is tempted to sell his soul for a new, cheap Mercedes (featuring the Rolling Stones’ “Sympathy for the Devil” — forever stained by Altamont Race track), one could not escape the feeling that I am no longer a member of an American Middle Class, but, rather, a sad anachronism in a new age of corporate feudalism. Continue reading →

The No News News Media

  By Walter Brasch | January 27, 2013 9:53 am - 9:53 am | , , , , , , , , ,
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There was a lot of news this past week. Some of it was even reported by the news media. First, there was a football player from Notre Dame who either did or didn’t know that his girlfriend was or wasn’t real, but died sometime during the season. Six column headlines for several days announced the fraud. Network news and talk show hosts rehashed it almost daily. Two weeks ago, Lance Armstrong admitted he was a dope. Or maybe he just took dope. The news media kept sending urgent flashes all week of what he was going to tell Oprah. And then he told Oprah, and now we’ll be reading stories about it until Schwinn adds a jet engine to a … Continue reading →

Barney Frank Interested In Becoming Massachusetts Interim Senator

  By Pamela Leavey | January 4, 2013 2:38 pm - 2:38 pm | , , , , , , , , , ,
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Just one day after retiring from the House, Barney Frank, said today “that he has asked Massachusetts Gov. Deval Patrick to send him back as an interim senator when Sen. John Kerry becomes secretary of state.” Frank noted that a short time ago he wasn’t interested in returback to the Hill, “But [the fiscal cliff deal] now means that February, March and April are going to be among the most important months in American financial history.” Governor Patrick isn’t letting on who he’ll nominate but “other names mentioned as a possible caretaker for Kerry’s seat include former Massachusetts Gov. Michael Dukakis and former Massachusetts Supreme Court Justice Margaret Marshall — who crafted the historic ruling legalizing same-sex marriage in the … Continue reading →

Gross Consumerism

  By Pamela Leavey | January 2, 2013 9:19 pm - 9:19 pm | , , , , , ,
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The price tag on this 55-Inch OLED HDTV is obscene. $10,000 TV’s = Gross Consumerism. It’s a sad statement on what people spend money on. A very sad statement. People who will buy $10,000 TV’s can truly afford to pay more in taxes… Just sayin.