Income Redistribution Hidden by Understating Inflation

The 500 biggest corporations posted record earnings last year despite a pathetic economy. How did they do it? They jacked up their prices, and the government hid those increases by understating inflation. Last summer, Harper’s Magazine pointed out that inflation for 2010 was slightly higher than three percent, but the government has changed the way [...]

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Warren Buffett, American Patriot, Urges Shared Sacrifice

At an annual meeting for shareholders of Berkshire Hathaway in Omaha, Nebraska, Warren Buffett, the world’s third richest person said, “When we are asking for shared sacrifice from the American people, I would at least make sure that the people with these huge incomes get taxed at a rate that is commensurate with the rate [...]

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Greek Voters Kicking Out Their “Bankers Collaborators” Government

Exit polls in Greece suggest the Greek people have decided get rid of their government of the bankers. The government has virtually no ability to engage in fiscal policy to stimulate the economy because they’re tied into the euro, which is controlled by the high powered Germans. The euro is a failure since the Greeks [...]

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Austerity as an Economic Policy Drives England into a Double Dip Recession

England has moved into a double-dip recession thanks to government budget cutting during a time of economic weakness, owing to the redistribution of income from working people to the one percent over the last thirty years. In other words, the corporate economic system of England may no longer be able to stand on its own. [...]

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The First Sign of a Recession Appears

New orders for durable goods fell 4.2 percent last month. Orders have dropped two out of the last three months. When the orders for durable goods drops, it can herald the beginning of the end of whatever business expansion we’re in. It’s the scary canary in the economic coal mine. However, falling orders for durable [...]

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Why Are Teacher Cut Backs Coming? Blame Free Trade Agreements

The Oregonian writer Steve Duin wrote a nice piece about teacher cutbacks at Franklin High School coming in the next few months. He only told the effects, and I asked him to write about what has caused these cutbacks. Below is a link to his well written column, and below that is my response. At [...]

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Wall Street Mitt Blames Obama For Job Losses By Women

Wall Street Mitt is at it again. He blamed Obama for the massive job losses suffered by women even though those losses mostly came at the hands of Republicans. The Republicans have targeted public sector employees and women have been devastated by these job losses. “Heavy job losses in public sector employment have disproportionately affected [...]

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Women hit hardest by the Recession Brought On by the Freely Trading Income Redistribution Scams

Women are taking giant hits during the US economic crisis, which the government doesn’t seem to understand since most of those public officials are members of the one percent. Women are losing jobs right and left, good paying jobs, jobs that required college degrees and getting tens of thousands of dollars of student loans. I [...]

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Pepsi and Coca Cola End Relationship With the One Percent’s Misinformation Front Group

PepsiCo, the world’s second largest beverage company, ended its sponsorship of ALEC, the controversial right-wing group of the one percent that lobbies for voter suppression efforts. Their goal is to limit the ability of the 99 percent to vote, at least as much as possible. Pepsi’s move may also have had a role in compelling [...]

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Romney 2009 Meet The Press 2009 Supported Wyden Bennett Health Care Mandate Tax Penalty

It’s difficult to believe that Wall Street Mitt keeps flip-flopping on the public mandate, but he has. Come all. See the video of the best flip-flopper in recent history. click here for the video of Romney being, well, dishonest, again

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