Archive for the The Great Recession category

November 3rd, 2010

Coming Soon:
The Social Security food fight

Erskine Bowles and Alan Simpson — the chairs of Obama’s Debt Commision — talk in February 2010 about the clear and present options for the future of Social Security:

– Increasing the utterly regressive and already onerous (15% or so — or has it crept well beyond that?) SS tax.

– Reducing SS benefits across the board.

– Reducing benefits on a sliding scale need-tested basis. Ie, the better off you are, the less SS you collect. Seems rather reasonable. Don’t it? But to enforce …

It’s interesting, to say the least, that the Final Solution will be wheeled out during these coming two years of, ahem, shared responsibility, given yesterday’s elections.

Within GOPher ranks alone a food fight of epic proportions seems likely, given the ideas and emotion separating Speaker Boehner from Senate minority leader McConnell (who more than once has expressed disdain for the rising Boehner) and of course the new Tea Party kids.

Did Team Obama lure the GOPhers into this snake pit?


October 31st, 2010

Serfdom in Spain /
Ralph Nader finds US
not far behind

Thisis how the serfs of Russia were created, by bank debt and law.

Ralph Nader sounds the same theme, quoting Dreiser among others: “The government has ceased to function. The corporations are the government.”

October 30th, 2010

Wall Street Warrior on Ice

Posted in Money, Movies, The Great Recession by ed

Guy Chimay, featured across the 2007 season of Wall Street Warriors as the Genius Hedge Fund Manager, has spent most of 2010 at Rikers Island jail off the tip of LaGuardia Airport, facing facing 30 years plus for securities fraud, grand larceny and what not.

June 28th, 2010

Krugman calls it:
The Third Depression

Posted in Money, The Great Recession by ed

So much for that.

January 21st, 2010

Obama sides with Volcker, finally, contra the Zombie Banks

Is Tiny Tim going to cry? Gonna get a spanking when he gets home to Broad and Wall tonight?

Poor Paul looks like he’s STILL not sure the Prez’ll give the word.

January 11th, 2010

The more things change …

Alfred Hitchcock presents …

… a fine elderly unemployed couple, about to be bounced out of their home, try to work things out.

… the trauma of losing your job.