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.

Austerity Measures Meet Resistance and the Democratic Will

austerity measures

Carl Bloice: It’s funny how a dramatic political crisis can focus the mind, how things like the Occupy movement and the European voters’ revolt can shift perception — even the public expression — of the powers-that-be in politics and the media.

Holiday Pall: Joblessness Crisis Intensifies

black unemployment

Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.

The Deficit Committee Is a Stacked Deck

super-house-wide

Carl Bloice: Obviously, there is nothing demographically representative of the Gang of 12. It’s hardly democratic; but then, there is nothing particularly democratic about the whole setup.

A ‘Vision’ for the New Century. Or, a Nightmare

budget-speech

Carl Bloice: If the whole, hardly-nail-biting business accomplished nothing else it momentarily diverted attention away from the big budget fight coming up, the one that will probably shape the country’s economic and social reality for decades to come.

Davos and the Wretched of the Whole Earth

Protests in Sudan

Carl Bloice: While Davos wound down, most of the world’s attention was focused on events in Egypt, and to lesser extent on Tunisia and Yemen. However, it would be a big mistake to assume the moving and shaking that has commenced is somehow restricted to “the Arab world.”

What’s Up with Rahm?

Rahm

Carl Bloice: For anti-war activists in the Democratic Party, Emanuel is probably best known for his role after 2004 as chair of the Democratic Congressional Campaign Committee. In primary races around the country he raised cash and secured endorsements for opponents of anti-war candidates.

Republican Money Terrorists

Money-Talks

Jerry Drucker: The G.O.P. does it for greed and power and they don’t believe anyone can stop them if they stay in lock-step and continue to stick to the lying talking points, the powerful CEO’s and the huge corporations that continue to control the mass media.

Obama’s Nobel Speech Comes Up Short

Nobel-Pull

Pardon me if I can’t join in the fawning praise for President Obama’s Nobel address. “It was, as ever, a bravura performance,” one newspaper said editorially. That it was, but I can’t agree with those, including some people with whom I’m usually in agreement, that it was a “good” speech. It wasn’t good at all. […]

Racism and Reaction Must Be Confronted

teabagger

Rightwing populism is dangerous but the greatest potential peril lies not in the presence of some loony or deluded, irrational people parading through the streets. It arises from the certainty that there will always be someone lurking about in a trench coat to fan the flames for their own cynical purposes.

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