Joseph Palermo: We can call the 2000s the “Worse Than Zero” decade or the “Big Zero,” or anything we wish, but what characterized it most for me was the near total control of corporations, especially over our civic institutions. All of the terrible economic and governing ideas from the Reagan era crested and then crashed in the last eighteen months leaving something far less than “zero” in their wake.
The Congress, always in hock to Wall Street, is dragging its feet in passing anything near the sweeping regulatory restructuring that is needed if we are to prevent Goldman Sachs and the rest of the gang from exploiting their “moral hazard” by using the federal treasury as the mother of all “credit default swaps.”
It’s amazing that even after the entire Wall Street house of cards collapsed a year ago requiring the public sector to rescue the private sector these fierce advocates of free-market fundamentalism can still show their faces in public, let alone gather to rail against the evils of the government that saved their asses.
Reaganomics didn’t work, and we all know it. Nothing ever trickled down — the rich became richer, the poor became poorer, and the middle class got squeezed.
The Other N Word: Nappy—Sharon Kyle Affirmative Action the Chicago Way—Steve Ybarra New Jobless Stats: Still “Less Terrible”? Not for Some—Carl Bloice Will Obama Save the Mideast from Itself?—David A. Love Department of Homeland Security Suspends “Widow Penalty”—Michele Waslin— Get That Colonization Off Your Crown, Michelle—K. Danielle Edwards The Latest Public Option Bamboozle, and How [...]
Earlier this week, at a Washington DC fundraiser, in a statement that can best be described as regressive American exceptionalism, former Republican Speaker Newt Gingrich said of himself: “I am not a citizen of the world. I think the entire concept is intellectual nonsense and stunningly dangerous!” Witness the video below of Mr. Gingrich’s pronouncement [...]
President Barack Obama has done a symbolically extraordinary thing by nominating for the first time in U.S. history a person of Latino descent to the Supreme Court. The president has stayed true to the theme of his long campaign when he adopted “Si Se Puede” from the legendary Latina leader, Dolores Huerta. Right-wing talk show [...]
We get to vote, again, on May 19. This time we have a bunch of ballot initiatives that the Republican Party demanded as a condition of reaching a budget “compromise” last winter. The commercial media tell us that most of these measures are failing in polling, but still have a chance at passage. Still have [...]
Despite Barack Obama’s victory and polls showing strong support for a progressive agenda, the traditional media is “staying the course” in presenting the news. While the blogosphere pokes fun at the FOX News-created “tea parties” on April 15, CNN and other media are giving wide coverage to these fake protests, ignoring legitimate protests and rallies [...]
Newt Gingrich was positively apoplectic on Fox News Sunday, bemoaning the shift in US foreign policy to one based on fantasy. No doubt, Gingrich had this specific declaration in mind when he prattled on to Chris Wallace: “We are not just discussing limits on a further increase of nuclear weapons. We seek, instead, to reduce [...]
The conservative Republican ideology for this first decade of the new millennium (during which they led the world into two holy wars, bankrupted a nation, and linked radical fundamentalist Christianity to governing) is boiled down to 11 words — “screw you, I got mine, grow up and stop your whining!” — is now spinning dangerously [...]
Why are Senate Republicans (all, that is, except the lonely moderates Collins, Snowe, and Specter) nixing the stimulus package, as House Republicans did? Not because Obama failed to compromise — he gave them the tax breaks they wanted, included a whopper for business. Not because Senate Democrats failed to bend — they agreed to trim [...]
In The Argument: Billionaires, Bloggers, and the Battle to Remake Democratic Politics, Matt Bai details his close up view of various groups and activities hoping to mark out new strategies and tactics towards national Democratic electoral victory. With insider access and experience as a political reporter, Bai follows three distinct groups committing serious time, efforts, [...]