America’s Real Religion

blackfriday

Lawrence Wittner: The recently-concluded Black Friday provided the occasion not only for an orgy of consumer spending, but for ferocious action by screaming mobs of shoppers who engaged in mass riots in their desperate attempts to obtain a variety of products.

Walmart: Discounting Lives to Maximize Profits

bangladesh

Walter Brasch: Imitating Sgt. Schultz of “Hogan’s Heroes,” Walmart executives claimed they knew nothing—NOTHING—about working conditions in a garment factory in Bangladesh where 112 workers died and more than 150 were injured in a fire.

Bungee-Jumping Over the Fiscal Cliff

bungee jump

Robert Reich: Excuse me for sounding impertinent, but isn’t this fear-mongering likely to buttress Republican arguments that the Bush tax cuts should be extended for everyone — including the rich?

Fiscal Cliff: Wall Street’s Latest Scam

jeffrey immelt

RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.

Blame Politicians for Homelessness and Hunger in America

homeless man

Randy Shaw: While the media’s highlighting “the unfortunate” during the holiday season raises vital private donations to help their needs, letting the politicians responsible off the hook perpetuates the crisis.

Wall Street Agitates for Social Security Cuts

llyod blankfein

Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.

Taxpayers Should Stop Subsidizing Walmart

walmart strikers

Tina Dupuy: Since Walmart, the largest private employer in the country, generally doesn’t pay its “associates” or “Walmart family members” enough to live on – the giant multi-national corporation is relying on the U.S. government to feed its employees.

Boycott Black Friday: Walmart Edition

Lauren Windsor: Apparently the good life does not extend to Wal-Mart’s workers–half of the company’s one-million American hourly employees earn less than $10 per hour.

Can Democrats Fix California?

jerry brown

Dotty Lemieux: All is not gloom and doom for the Golden State after all. And if we tackle the inequities in Proposition 13, especially the ones favoring the largest corporate abusers, the outlook could become all the more rosy.

Stop Obsessing About the Budget Deficit

fiscal cliff notes

Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.

The Government “Debt” Flim Flam

golden egg

Mark Dempsey: American government has the legal right to create literally unlimited dollars, so it can never be insolvent. It will run out of dollars when the Bureau of Weights and Measures runs out of inches.

A Nation of Cliff-Dwellers

Cliff-Dwellers-wide

John Peeler: In the midst of a massive recession, the conservative argument for balancing the budget by cutting government spending is manifestly perverse.

Fiscal Cliff Hoax: A Mel Brooks Routine

john boehner

Richard “RJ” Eskow: This phony crisis is a lot like this scene in Mel Brooks’ Blazing Saddles, where Cleavon Little as The Sheriff pretends to take himself hostage to escape an angry crowd.

President Obama: Aim High on Grand Bargain

obama boehner deal

Robert Reich: I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election.

It’s the Interest, Stupid! Why Bankers Rule the World

rich get richer

Ellen Brown: The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.

New Mandate, New ‘Fiscal Cliff’ Math

obama wins

Richard “RJ” Escow: The voters have asked President Obama and his fellow Democrats not to “shirk a fight” over economic issues. We look forward to seeing the democratic process unfold as a much-needed fight against economic injustice is played out in the public arena.

Activists Try to Stop Banks From Foreclosing on Cancer Victims

Ana Casas Wilson

Peter Dreier: Wells Fargo Bank and US Bank have chosen to celebrate Breast Cancer Awareness Month by trying to evict breast cancer survivors from their homes.

How Inequality Kills Growth

comic mitch

Claude Fischer: To the extent that facts matter in such a politicized debate, it is becoming increasingly clear that equality rather than inequality is a better policy for economic growth.

Sheila Kuehl on Prop 33: Automobile Insurance Laws in California

shattered window

Sheila Kuehl: About 20% of California’s insureds would presumably see their rates go up because they had a lapse in insurance that didn’t fit into acertain categories.

George Will: Always Right, Occasionally Correct

George Will

John Peeler: Obama, if he could free himself of the Wall Street crowd, is the likelier buyer of Will’s prescription of breaking up financial institutions that are “too big to fail”.

East LA Family, Occupy LA Fight Home Foreclosure

occupy la

Dan Bluemel: At the request of a homeowner under foreclosure, occupiers have barricaded themselves inside another home. They hope to stave off eviction and force an amicable arrangement with the mortgage lender.

Taxpayers Should Stop Subsidizing Wal-Mart

bachmann-romney

Tina Dupuy: Bachmann and the tea party are like a 30-year-old who lives comfortably in the family home while railing against parental tyranny and bemoaning the mediocrity of the meals his mother cooks.

Democrats Hold Upper Hand As Fiscal Cliff Approaches

fiscal crisis

Robert Reich: Democrats want a deal that raises taxes only on America’s wealthy and doesn’t substantially alter Medicare, and Social Security — which is the opposite of what Republicans want.

Cooked or Accurate US Employment Numbers?

no jobs

Stephen Lendman: Monthly Labor Department (BLS) data report inaccurately. America’s broken jobs engine isn’t explained. The latest 7.8% unemployment rate is blarney. Based on the 1980s calculation model, real unemployment approaches 23%.

Capitalism’s Two-Step Survival Plan: Austerity and Structural Reform

austerity stimulus

Shamus Cooke: The coast is clear, the media tells us; economic disaster has been averted. The Euro Zone is finally stable and the U.S. economy is recovering. Whew! Why, then, are government policies internationally still pursuing extremist measures?

How to Win the Debate on Taxes

etch a sketch romney

Steve Hochstadt: epublican proposals in the Senate and House, created mainly by Romney’s VP selection, Paul Ryan, lower taxes on the wealthy in two whopping chunks: the top tax rate drops from 35% to 25%, and all taxes on capital gains disappear.

The Politics of the Jobs Report

2012 election

Robert Reich: RBoth Obama and Romney assume the recovery will continue, even at a slow pace, and that we’ll be back to normal at some point. But I’m not at all sure. “Normal” is what got us into this mess in the first place.

Romney’s Poverty of Thought

romney red alert

Steve Hochstadt: Romney thinks that the people who got the jobs he says he created are those irresponsible parasites who are hopelessly dependent on government. That is ironic.

QE Infinity: What Is It Really About?

The Federal Reserve

Ekkeb Brown: Insolvent banks should be put through receivership and bankruptcy before the government takes them over. That would mean making the creditors bear the losses, standing in line and taking whatever money was available, according to seniority.

Paul Krugman Heading to White House Job?

paul krugman

Charley James: Reports surfaced today that Nobel Prize Winning economist Dr. Paul Krugman will be offered the job of chairman for the White House Council of Economic Advisors.

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