Way back in March of 2009, Rachel explained the "Highway Robbery" which happened on Wall Street, using a few simple word-pictures. (ie. simple Frames). These perhaps deserve a quick review ...
(more on the propaganda front... - promoted by poligirl)
The President gave a compelling prime time Press Conference last week mostly about Health Care Reform -- the most pressing Issue of our time, and what was the lead story for the next several days?
The merits of Public Option competition?
The plight of 14,000 citizens losing their Health Insurance each day?
No, the lead story was the President's take on the arrest of his friend -- on the emotionally charged "wedge issue" of Racial Profiling. A worthy discussion, no doubt --
But what about the issues of Health Care Reform? What about that Debate?
Of course the Media has been failing to have a Real Health Care Debate for some time now ...
(some Kentucky politics... - promoted by poligirl)
As if we need to see any more proof of the complete and total failure Republican representation has been for the people of Kentucky in Washington, the numbers just keep rolling out. A study of 9 Kentucky counties, including my own of McCracken have been found to rely heavily on the high-interest "payday loans" to make ends meet.
a novel by Charles Dickens, set in London and Paris before and during the French Revolution. It depicts the plight of the French proletariat under the brutal oppression of the French aristocracy in the years leading up to the revolution
The share of total income going to the top-earning 1 percent of Americans went from 8 percent in 1980 to 16 percent in 2004.
...
One reason: gains in the stock market. Affluent people own more stocks, and executives are often paid in stock or stock options. So when the market does well, their wealth accelerates quickly
Well, Bill Moyers is currently telling the historic Story about the Need for "Two Banking Systems" ...
(the wealthy pay more taxes sometimes... - promoted by poligirl)
No one LIKES paying Taxes, still we do it, year after year, because most of us still have a sense of Patriotic Duty. This instinctive "love of Country" seems to have evaded some however, who often "love their Wealth" more than their Country ...
Experts estimate that Americans now have more than $1 trillion in assets offshore and illegally evade between $40 and $70 billion in U.S. taxes each year through the use of offshore tax schemes. U.S. corporations are estimated to illegally evade another $30 billion in taxes each year through offshore tax dodges. America's working people bear the burden of this $100 billion tax gap.
(some Arkansas politics... - promoted by poligirl)
The Arkansas Progress Team began organizing three months ago to bring new leadership, ideas, and membership to the Arkansas Young Democrats by focusing on progressive offline and online grassroots organizing. Their three main goals are to increase membership (check this one already), increase fund raising, and increase awareness on the issues important to Young Democrats. On Saturday, April 18th, over 200 Young Democrats turned out to vote at the State Capitol Building and delivered the Arkansas Progress Team a victory.
Left to Right: Eric Bell (Sec/Treas), Jonathan Spinks (Committeeman), and Chris Burks (President)
Loan modifications rise; many don't pare payments By ALAN ZIBEL - AP April 4, 2009
Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the end of last year actually reduced borrowers' payments by more than 10 percent, data released Friday show.
The report, based on an analysis of nearly 35 million loans worth more than $6 Trillion, was published by the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision. It provides the most detailed and broad analysis to date of efforts to stem the foreclosure crisis, which President Barack Obama is trying to combat with a $75 Billion plan to promote loan modifications.
Since Home-ownership is so pivotal to the success of the Middle Class, shouldn't the Plan to "promote loan modifications", actually promote Home-ownership?
If you thought the Bank Bailout was nothing to laugh at, wait until hear what Bill, Rachel, Keith, and Bernie have to say about it
[Bill Maher, Rachel Maddow, Keith Olbermann, Bernie Sanders]
(some economy for your morning... - promoted by poligirl)
Humanity has been subject to these Goldrush whims of the Market, for as long as, well, there have been Markets. Markets open to both buyers and sellers, each trying to best the other, in the competitive game of Capitalist Checkers.
When the wealth that Bubbles create is based on little more than Greed, Leverage, and Speculation -- who really benefits in the long run? Real wealth results from creating things, not just from trading things. Real wealth is based on real work -- not short cuts.
Look out, when the Bubble finally pops ...
Sooner or later, any "hot commodity" -- ends up
being, not so hot ...
President Obama spoke to business executives and said that the current economic crisis was no excuse to postpone costly federal investments in health care, energy and other areas. He also said that the country could not keep ignoring long-term threats to the nation's prosperity, which he listed as medical costs, the U.S. dependence on oil, and an education and fiscal deficit.
(emphasis added)
Could it be that they are finding out Obama actually supports Free (and Fair) Market Principles? Could it be, dare I say it, Obama actually believes in Capitalism too -- (gasp!)
