Nobel Prize Winning Economist Paul Krugman Says Republican Budget is a “Blood-letting.”

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How will the Corrupt, Koch Brothers, Conservative Wing of the Supreme Court Decide On The Fate of Obamacare?

I’ve long said the Federal government forcing people to buy health insurance is the same as forcing them to purchase ketchup. I still think I’m right. The Interstate Commerce Clause doesn’t allow the federal government to do this. That’s why state government’s force buyers of vehicles to purchase car insurance. The states can, the feds [...]

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Is Europe on the Verge of Depression?

A few European governments tried to cut back on spending during the greatest economic crisis since the Great Depression. Now look at them. Europe is on the verge of another recession, and the entire Eurozone may crack up. There’s a ton of reasons why. One of them is that Italy, for example, redistributed income and [...]

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Barack Obama’s presidency, three years on – Do We Have Any More False Hope Left After He Promised So Much?

It was the summer of 2008 and I was sitting on a train stuck somewhere between London and Newcastle in England. We’d been sitting for a while. Conversations began to light up. People from all over the world discovered I was from the United States. They all expressed universal contempt for George W. Bush, and [...]

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Does Mitt Romney Believes American Government is a Corporation?

“And greed — you mark my words — will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.” click here for the rest of the story

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Mitt Romney: How this guy got rich by destroying jobs

Almost a quarter of a century has passed since the release of the movie “Wall Street,” and the film seems more relevant than ever. The self-righteous screeds of financial tycoons denouncing President Obama all read like variations on Gordon Gekko’s famous “greed is good” speech, while the complaints of Occupy Wall Street sound just like [...]

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We Are the 99.9 Percent

“We are the 99 percent” is a great slogan. It correctly defines the issue as being the middle class versus the elite (as opposed to the middle class versus the poor). And it also gets past the common but wrong establishment notion that rising inequality is mainly about the well educated doing better than the [...]

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Nobel Prize Economist Calls the Republican Candidates “fools and clowns.”

New York Times columnist Paul Krugman said that Newt Gingrich is just the latest of the “fools and clowns” in the Republican presidential race to become a frontrunner. “I have a structural hypothesis here,” Krugman told ABC’s Christiane Amanpour Sunday. “You have a Republican ideology, which Mitt Romney obviously doesn’t believe in. He just oozes [...]

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Nobel Prize Winning Economist Paul Krugman Explains the Crisis of the Euro

I agree with Paul Krugman and his take on the Euro crisis, but there is one thing Mr. Krugman doesn’t mention. At least two of the nations, Spain and Italy, shipped away much of their manufacturing base long ago in order to redistribute income and wealth from working people to the politically powerful affluent class. [...]

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Paul Krugman: How conservative lies and lying conservative think tanks and lying pundits try to distort the income inquality in the United States

Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators! Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come into focus, a [...]

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