Category Archives: Government

Here We Go: Egypt’s Civilian Cabinet Resigns

I’m pretty protestors want the military rulers to resign and may be ambivalent towards the civilian Cabinet. Here we go. The military-civilian crony capitalism regime of Egypt didn’t go away when Mubarak resigned. If these protests move to seek removal … Continue reading

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Veterans Always Get the Best of Socialism, Health Care Edition

That the US military is prone to conservatism has always tickled my sense of irony. The US military is the largest bureaucracy in the country, and probably the largest single bureaucratic agency on the planet. The government pays its workers … Continue reading

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7 of the 10 Largest Bankruptcies in US History Have Occurred in the Last 3 Years

Once you add MS Global into the mix. It’s a shame nothing could have been done about all this. The mysterious vagaries of the business cycle are unbounded…

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Most Everybody’s a Keynesian

Faced with this prospect (triggered defense cuts), Republicans — who normally insist that the government can’t create jobs, and who have argued that lower, not higher, federal spending is the key to recovery — have rushed to oppose any cuts … Continue reading

Posted in Economics, economy, Fiscal Policy, Government, Keynesian, Liars, Policy | Tagged , , , , , , | Leave a comment

Student Loan Debt Forgiveness: Avoiding Moral Hazard

I’m also sympathetic to mortgage cram-down in bankruptcy court, and other forms of partial mortgage forgiveness, since it’s hard to argue that there’s something morally awful about those kinds of giveaways when bank profits have recovered due to a massive … Continue reading

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New York Times’ Recent Word Salads

Read more, think more, write less Continue reading

Posted in Government, Media, Obstructionism, Opinion Pieces, Politics, Teabaggers | Tagged , , , , , , , | Leave a comment

Government Contractors May Be Costing the Government More Money

The POGO analysis found that private contractors working with the government make, on average, twice as much as a comparable private-sector worker. In any case, this is just one study, and POGO does include caveats about the difficulties of collecting good salary data. … Continue reading

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Low Information Voters and Republican Support: This Isn’t Eisenhower’s Party Anymore

“Should any political party attempt to abolish social security, unemployment insurance and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes … Continue reading

Posted in Congress, Government, Teabaggers, Uncategorized, Welfare | Tagged , , , , , | 1 Comment

The Marketing Success of Oligarchs, Bigger Even Than Bud Light Lime

As the talk show host Tavis Smiley and I have said in our national tour against poverty, the recent budget deal is only the latest phase of a 30-year, top-down, one-sided war against the poor and working people in the … Continue reading

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92% of Bank Managers From 10 Years Ago Still Run the Same Companies

If your company needed a bailout for your management mistakes, you would probably be fired. Our financial oligarchs are all still there, making the same mistakes as before. This is a fucking large failure of political economy.

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