The Psychic Pain Borne by the Rich

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Jim Hightower: One thing about the tea party Republicans in Congress is that they do know who butters their biscuits. Several have recently rushed forward with an anguished plea in defense of Wall Street barons, CEOs, and billionaires: “Stop the vilification of wealthy people,” is their cry.

The Global Banking Game Is Rigged: The FDIC Is Suing

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Ellen Brown: Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Raise Minimum Wage to $15 an Hour?

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Robert Reich: At a time in our history when 95 percent of all economic gains are going to the top 1 percent, raising the minimum wage to $15 an hour isn’t just smart economics and good politics. It’s also the morally right thing to do.

Invisible Social Security Cuts: Now You See Them, Now You Don’t

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RJ Eskow: Congress has cut 14 out of the last 16 SSA budget requests. There’s only one rational explanation for that: a hostility toward government itself, combined with the determination to place more public resources in corporate hands through “privatization.”

American Wealth Inequality

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Charles Hayes: Corporations have bought the right to employ people permanently in lifetime jobs at serf wages, with government subsidies, and they are able to deflect criticism by shouting clichés and platitudes about freedom.

Friday’s Jobs Report and the Supreme Court’s McCutcheon Debacle

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Robert Reich: Connect the dots and you see how the big-money takeover of our democracy has lead to an economy that’s barely functioning for most Americans.

Payday Loans: How All Those ‘Theories’ Really Work

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Steve Hochstadt: Add it all up. Republican legislators try to prevent the government from protecting citizens from payday vultures, use payday money to tilt elections so they can eviscerate any possible regulations, while making it more difficult for the poor and minorities to vote.

Stressed: What Are They Trying To Tell Us?

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Danny Schechter: Despite all the “regulations” in the Dodd Frank Financial “reform” and the Volcker Rule and The Fed’s “oversight:’ the banks seem to have free reign to do what they will despite the financial crisis, and the pathetic “recovery.”

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

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Ellen Brown: A giant flaw in the current banking scheme is that private banks, not governments, now create virtually the entire money supply; and they do it by creating interest-bearing debt.

Madoff’s Billionaires: The Fear and the Fury

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Richard “RJ” Eskow: There’s more than fear at work among these billionaires. There’s rage, too. These are people who are unaccustomed to hearing “no.” And many of them got where they are because they possess an overwhelming and insatiable drive for more.

Lettuce Look at Some Prices

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Walter Brasch: “California and the Southwest are in the worst drought in decades. Wiped out much of the agricultural land. Drought’s almost as good as winning the PowerBall. Prices have to rise.”

Paul Ryan Barely Speaks in Code about Black Men

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Paul Ryan Racism: Ryan is berating and humiliating black men for being unemployed? And we wonder why his party has a black people problem.

Elizabeth Warren’s Post Office Proposal: Palast Picks Wrong Target

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Ellen Brown: Postal Loans and Postal Cards are only two non-bank financial services that could result in substantial savings for the poor.

Obama’s Economic Significance

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Obama Economics: President Obama’s proven reliability as outsider president extraordinaire is his administration’s economic significance.

Don’t Mourn for American Airlines

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Steve Mikulan: I just wonder how long it will take American Airlines to figure it can get away with charging grieving travelers extra.

Wall Street’s Secret Fraternity of Pathetic Narcissists

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Jim Hightower: The bankers’ idea of hilarity included sexist and homophobic jokes about Hillary Clinton and Rep. Barney Frank.

The Stone that Brings Down Goliath? Richmond and Eminent Domain

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Eminent Domain

Yes, the Left Killed the Chained CPI

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Killing the Chained CPI: Could the chained CPI be revived at some point? Of course. But, for now at least, it’s dead.

Walmart: Welfare Queen

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Walmart Food Stamps: The next time a conservative drones on about “entitlements”, remind them that Walmart survives on food stamps

How Would YOU Spend a Million in Public Money?

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Participatory Budgeting Project: Thousands of Chicago residents are getting the opportunity to make budgeting decisions.

Don’t Like Food Stamps? Raise the Minimum Wage

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Raise the Minimum Wage: Working isn’t the solution to hunger because work doesn’t pay enough to buy food AND shelter.

Psychic Pain Borne by Rich

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Jim Hightower: Perhaps you didn’t know, but the average household income for the 1 percent as a whole is a mere $1.26 million a year.

Five Years After the Stimulus, Reality Itself Is Under Attack

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Fighting for Jobs: It’s never too late to start fighting for the jobs and growth this nation deserves.

5 Policy Prescriptions for Transportation Job Creation and Growth

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Transportation Job Creation: America’s transportation infrastructure provides one excellent opportunity to build a more equitable economy.

Plutocrats Despising the Poor: An American Tradition

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Hating the Poor: Adding insult to injury we’re forced to endure the incessant whining and moaning of billionaires.

We Need a “Living Wage”, Higher Minimum Wage, and Lower Taxes on Small Business

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Lower Taxes on Small Business: The Long Beach City Council lessened the burden on some workers. Now we must liberate small businesses.

How the Credit Card Gravy Train Is Running Over You

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Credit Card Trap: The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.

Why the Lousy Jobs Report Boosted Wall Street

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Lousy Jobs Report: As companies focus on short-term prices at the expense of long-term growth, we’re in for years of sluggish performance.

Why Widening Inequality Is Hobbling Equal Opportunity

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Widening Inequality — America’s savage inequality is the main reason equal opportunity is fading and poverty is growing.

Tough Luck for Small Business

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Small Business — The trouble is that rhetoric pays no bills. Private lenders have favored big business lately.

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