Clifford “Felonius Ax” Tasner: Brokerage firms will soon be offering Not-A-Lot-of-Future Futures so investors can put money down on when particular geezers will succumb to the ailments that we don’t cover. So it’s really a win-win. Meaning we win and we win again!
John Peeler: “Winner-Take-All Politics” provides a well-documented analysis of how the United States government, since the 1970s, has systematically enriched the top one percent of the country at the expense of everyone else. Written by distinguished political scientists, Jacob Hacker and Paul Pierson, the book shows how big business interests ratcheted up their national organizations to defend their interests in national policy debates. In addition to employing far stronger lobbying, these interests created think-tanks such as the American Enterprise Institute and the Heritage Foundation, designed to challenge the liberal conventional wisdom of the New Deal and Great Society and replace it with an explicitly conservative, free-market-oriented way of thinking.
Robert Reich: The economic lesson President Obama ought to be teaching is that targeted tax cuts, mostly for small business, are good to the extent they give businesses a nudge toward creating more jobs. But businesses won’t begin to create lots of jobs until they have lots of customers. And that won’t happen until lots more Americans have work. The only way to get them work when businesses aren’t hiring is for government to prime the pump.