Economist Dean Baker’s article is rather short, but some of the points deserve expansion for those who did not study economics.
The Greeks have sent a powerful signal to the plutocracy. The corporate media is not framing the story appropriately. The Greeks with their actions are.
Banks are blackmailing Greece now in order to maintain a failed austerity economic program. If the blackmail works in Greece, it could work in America.
If one listens to the discourse on both sides of the aisle, one would think that there is not ample evidence that austerity is a failure. It is true that austerity is promoted more forcefully by the Republicans. However, the president, the leader of the Democratic Party, has thrown chain CPI on the table to […]
Midday Open Thread This is the best explained GOP War on the poor. Republicans in leadership positions try to modulate their language a bit, but it’s a matter more of tone than substance. They’re still clearly passionate about making sure that the poor and unlucky get as little help as possible, that — as Representative […]
Current Economic Policy has failed given its inability to connect the large pool of skilled unemployed Americans to all the work needed to rebuild the country. After all, the country, from coast to coast is filled with dilapidated bridges, roads, water mains, pipelines, & airports that need repairing and rebuilding. The country’s children need more […]
Politics Done Right with Egberto Willies Saturday 12:00 Noon Central/1:00 PM Eastern Call In, talk and/or Listen: (646) 929-2495 Listen On Computer/Smartphone Live/Podcast: HERE This week’s show Last week for the first time in years Politics Done Right went dark. Every one of our radio hosts had engagements and could not fill in. DelAnn Williams, […]
It was bound to happen. The reality is the parties are more the same in one respect; they do not govern for those who elected them. President Obama ran on protecting and saving the social safety net and creating the environment for job creation. While he has been stymied by the intransigence and obstructionism of […]
The U.S. Economy shrank for the first time since 2009. There are many technical reasons beyond the scope of this post why the 0.1% drop is not as bad as it may initially seem. That said, this could be a mini-preview of the upcoming cliff. Sequestration, the severe and draconian cuts to both social programs […]
On January 6th Paul Krugman wrote a piece (The Big Fail) every Right Wing politician and every myth based economist should read. It was expected that at this year’s American Economic Association meeting, that they would be discussing about the success of the slump ending. Instead, they are still talking about the ongoing slump. This […]