Tag Archives: Recession

The masochists are the real problem

(Updated Below) The folks at Balloon-Juice are ripping Andrew Sullivan a new one over a recent comment he made about liberals and taxes on the rich: Why are so many on the left incapable of acknowledging that many people who are rich – but, of course by no means all of them – earned it […]

'Counting the money'

Yesterday I quoted Matt Taibbi on Goldman Sachs: Imagine a meat company that bred ten billion rats, fattened them on trash and sewage, ground their bodies into chuck, and then sold it all as grade-A ground beef to McDonald’s and Burger King, right under the noses of the USDA: this is exactly the same thing, […]

Roundup for Monday 6/22/2009

How Goldman Sachs played a key role in destroying the economy, and still managed to come out ahead at the end: “Imagine a meat company that bred ten billion rats, fattened them on trash and sewage, ground their bodies into chuck, and then sold it all as grade-A ground beef to McDonald’s and Burger King, […]

The looting continues, Part 2

Back in March I wrote about how the Bush/Obama bank bailouts are essentially cementing the power of big banks like Citi and Bank of America rather than reforming a system that’s failed so spectacularly. Instead, we’re rewarding big banks for their failure, and turning the other way while they misuse tax payer money in a […]

Scary chart gets updated

In case you weren’t worried enough, the job loss chart I posted a while back has been updated. And the picture looks worse, not better (the green line is what we’re experiencing now): I don’t get the feeling we’ve seen the worst this economic downturn. Many of the gigantic banks are still teetering on the […]

Obama fearmongering?

The newest rightwing meme is that Obama is engaged in Bush’esque fearmongering while pushing for the economic stimulus bill that’s likely to pass the Senate tomorrow. What’s at issue are statements like this from Obama: A failure to act and act now will turn crisis into a catastrophe and guarantee a longer recession, a less […]

Just nationalize the banks already

According to the Washington Post, the Obama Treasury Dept., under the leadership of Tim Geithner, is planning to buy up the crappy debt crushing banks and thus the banking system. There is no doubt about it. We need a good financial system in place if our economy is going to recover and thrive. People need […]

The Super Bowl commercials sucked

How do world’s gigantic multinational corporations think they are going to get us out of this recession unless they make good commercials, and thus convince us to spend money? This was probably the best commercial from last night, seriously: The Firestone Mr. and Mrs. Potato Head commercial probably deserves an honorable mention.

The best healthcare system in the world

Starla D. Darling, 27, was pregnant when she learned that her insurance coverage was about to end. She rushed to the hospital, took a medication to induce labor and then had an emergency Caesarean section, in the hope that her Blue Cross and Blue Shield plan would pay for the delivery. – NYTimes Maybe it’s […]

Whither the newspaper?

(Updated twice below) Ever since the interwide webway became popular, we’ve had to deal with various proclamations that newspapers are dead or will soon be dead. Well folks, it’s time to throw my hat into the ring. I think our economic apocalypse might be what kills off some big name newspapers in the next few […]