Financial Crisis

Whether it’s soccer teams or sandwich shops, financialization was there before the pandemic, only making some of its supply-chain hijacking yet another example of an impending capitalist disaster. Re-regulation must remain important as crises loom in the post-pandemic recovery.  A 2017 interview with UMass’s Gerald Epstein points to the need to...

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  • April 25, 2021

Tim Pagliara makes assertions on the big lie and grand theft of the 2008 crash will astound most. When a lawyer fears cops it says much. Coupled with the heights of privilege? Tim Pagliara makes necessary but shocking statements Chat – Join Politics Done Right Live weekdays @ 3:00 PM...

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  • Avatar of Egberto Willies
  • April 16, 2021

The attack on the postal service continues. Postmaster General Louis Dejoy is strategically crippling it for what I think is a specific reason. He wants to destroy the postal service See full episodes here. You do not hear politicians telling the truth about what is occurring with the postal service. The...

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  • Avatar of Egberto Willies
  • March 24, 2021

Like Chicago gangsters a century ago prosecuted for tax evasion, the Chicago way may catch up to Trump. As Elliot Ness is purported to have said, “no deals”. Cy Vance and Leticia James continue an untouchable investigation into only one aspect of Biglygate. Except, as Mother Jones confirmed, the loan wasn’t sold to Trump,...

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  • Avatar of annieli
  • March 9, 2021

This is something I have been considering for a long time [10 years or so] and the events of January 6th 2021 are slowly coalescing my thoughts on the subject. Or maybe I’m just slow. An article in the FT written in 2008 The new Russo-Chinese model is authoritarian and...

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  • Avatar of LaFeminista
  • February 3, 2021

Unlike one of her predecessors, who had numerous connections to the Trump impeachment and its hinky relations with the Russian oligarchs, Jennifer Granholm will combine clean energy policy and economic recovery. Even without explicit support for the GND, this is a direction 180 degrees from the prior administration's kowtowing to...

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  • Avatar of annieli
  • December 16, 2020

We’re not humoring Trump’s father Fred with a Potemkin executive desk to humor delusional derangement. It has always been deadly serious. Whatever his bluff, call it. Trump is leveraging some negotiated pardon that even includes the NY state charges. Flight from the country to evade prosecution could still be the only option. Trump’s...

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  • Avatar of annieli
  • November 20, 2020

Judy Shelton’s candidacy for a seat on the Fed was approved in a party-line vote in the Senate Banking committee on Tuesday. All 12 Democrats on the Senate Banking Committee opposed Shelton’s nomination, making the GOP Senate majority potentially putting the 2016 Trump campaign advisor’s retrograde views onto the Fed.  Because in a...

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  • Avatar of annieli
  • July 22, 2020
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • Avatar of annieli
  • June 28, 2020

Continuing the Trump economy described initially as “just right” for a second term is more Red Riding Hood than Goldilocks. Where “what was originally a frightening oral tale became a cozy family story with only a hint of menace”, the economy now becomes capital crime and assault. Mother Hubbard got knocked...

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  • Avatar of annieli
  • May 28, 2020

Chuck Todd used his Meet The Press opening to show the dire straits our country is in right now. He made it clear that it is a failure of Trump’s government that is responsible. Trump’s failure created the falling dominos Chuck Todd first illustrates the level of death Americans are enduring...

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  • Avatar of Egberto Willies
  • April 27, 2020

Ed Kilgore of New York Magazine posits that the coronavirus pandemic may be for Trump what Hurricane Katrina, the Iraq War, and the financial crisis were for George W. Bush:  it could finally erode Trump’s base.   Yeah, I know.  I know.  I know.  I’m more with Cornell Belcher who thinks that...

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  • Avatar of Merlin1963
  • April 25, 2020

Received this e-mail from U.S. Senator Gary Peters (D. MI) in support of Joe Biden’s presidential campaign: I wanted you to be the first to hear it from me: I’m proud to endorse Joe Biden for President. We need a President that’s ready to create real, effective change for everyday Americans...

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  • Avatar of Sam Sero
  • April 16, 2020

Received this e-mail today from former U.S. Senator Barbara Boxer (D. CA): Our country owes a debt of gratitude to House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer. Thanks to their tireless negotiations and standing firm for core Democratic principles, Congress passed a stimulus package today that will...

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  • Avatar of Sam Sero
  • March 28, 2020

The study of national effects is also about subnational regions as comparing NYC to California and Washington shows the relative effectiveness but also some of the problems of density. 2020-2021 will be about subnational, regional recessions. The question will be how largely blue state urban concentrations recover from the pandemic(s)....

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  • Avatar of annieli
  • March 26, 2020

Like Trump’s toughness, pretending you’re using the Defense Production Act of 1950 and hoping for corporate volunteerism is not the same thing especially if you claim you’re in “wartime”. WWII was won with national production planning that overwhelmed the enemy. Trump’s enemy is as he says “invisible”, much like his...

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  • Avatar of annieli
  • March 25, 2020

I was sitting outside on the patio tonight and boy did I have a huge reflection hit me.   I hear a lot of young folks complain about boomers.  This is not a pie fight, just a little reminder of what we have been through.   You young folks have some real...

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  • Avatar of Vetwife
  • March 21, 2020

Joe Biden and Why America Needs a Strong Progressive Movement photo: Former Vice President Joe Biden and Sen. Bernie Sanders of Vermont at Sunday’s debate at a CNN studios in Washington, D.C.(Evan Vucci / Associated Press) | Los Angeles Times By Alan Minsky, Executive Director – Progressive Democrats of America In...

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  • March 18, 2020

It might just be scaremongering to convince Republican lawmakers to get behind a stimulus package and bailouts for vulnerable industries, but even so, this is jarring. CNN: Treasury Secretary Steven Mnuchin warned Republican senators Tuesday that the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source...

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  • Avatar of Aldous Pennyfarthing
  • March 17, 2020

17% of cases tested in my state revealed themselves COVID-19 positive. Georgia, home of the CDC is presently 100% positive for COVID-19 How’s the testing in your state? The United States’ ability to detect COVID-19 is crucial to understanding how the coronavirus — now confirmed in nearly every state and territory —...

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  • Avatar of annieli
  • March 17, 2020

More Trump bafflegab this morning as Individual-1 spins another false narrative of disinformation to distract from his incompetence. Trump is never to blame, don't cha know! x …. Their response to H1N1 Swine Flu was a full scale disaster, with thousands dying, and nothing meaningful done to fix the testing...

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  • Avatar of annieli
  • March 13, 2020

Ryan Cooper at The Week doesn’t mince words: The outbreak of coronavirus has become a full-blown epidemic in the United States. The NBA has suspended its season after Utah Jazz player Rudy Gobert came down with the disease (after scoffing at disease precautions, and possibly infecting many others as a result)....

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  • Avatar of Sam Sero
  • March 13, 2020

The Obama Bull Market seems now ready to end because of the Trump regime’s incompetence. x One cited reason- @realDonaldTrump's decision to classify #COVID19 meetings which keeps critical experts out….. Wall Street tumbles, Dow confirms bear market https://t.co/VgMjRTs6Ip — Geo Steve (@StephenGlahn) March 11, 2020 The Dow Jones Index enters...

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  • Avatar of annieli
  • March 11, 2020

http://www.msn.com/… The US Federal Reserve cut the prime interest rate this morning by 0.5% in an attempt to ward off a recession and market crash due to coronavirus disruptions of the world economy. The Fed lowered its key federal fund rates by half a percentage point to a range of 1%...

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  • Avatar of Mastergardener2k
  • March 3, 2020

http://www.msn.com/… The US Federal Reserve cut the prime interest rate this morning by 0.5% in an attempt to ward off a recession and market crash due to coronavirus disruptions of the world economy. The Fed lowered its key federal fund rates by half a percentage point to a range of 1%...

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  • Avatar of Mastergardener2k
  • March 3, 2020

If electoral victory is a mouse to be caught, the color of the cat deployed doesn’t really matter. Matthew 21:12 He knocked over the tables of the money changers and the chairs of those selling doves. Screw inevitability and electability, aphorisms and purity still rule the day in what is now a lively but...

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  • Avatar of annieli
  • February 23, 2020

I love her so much: At an event on Thursday, Senator Elizabeth Warren called President Donald Trump an “elf on the shelf” for Russian President Vladimir Putin. During a rally in Arlington, Virginia, an attendee asked Warren what she would do as president to ensure everyone was held to the...

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  • Avatar of Sam Sero
  • February 14, 2020
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First off, this is bull shit: Michael Bloomberg said at the height of the housing crisis in 2008 that getting rid of “redlining,” the biased housing practice that stopped banks from providing mortgages in low-income, largely minority neighborhoods, was to blame for the collapse. Bloomberg's presidential campaign said Thursday the former New...

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  • Avatar of Sam Sero
  • February 13, 2020

In a recent video clip, Bloomberg is heard making a racist justification for stop & frisk. This newer video could be more devastating. He seems to express support for redlining and blames the 2008 collapse on poor people. Mike Bloomberg exposed x x YouTube Video The Washington Post reported it as follows....

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  • Avatar of Egberto Willies
  • February 13, 2020
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With yesterday’s big news about impeachment, I wanted to highlight another big thing that happened yesterday: Hundreds of veterans of Barack Obama’s campaigns and administration have signed on to endorse Sen. Elizabeth Warren for president, as multiple Democratic presidential candidates compete to claim the popular former president’s political coalition and legacy. With the Iowa...

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  • Avatar of Sam Sero
  • December 19, 2019

(Trigger warnings) The boss of Donald Trump’s personal banker at Deutsche Bank has committed suicide. x In case you missed the breaking news from late last night: A former Deutsche Bank executive who signed off on Trump loans hanged himself in Malibu last week: https://t.co/TrTWWlWLa4 — Scott Stedman (@ScottMStedman) November...

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  • Avatar of annieli
  • November 27, 2019

My takeaway from the opening of the Congressional Impeachment hearings this morning was that we do not need an average John in the Oval Office. For years and years, primarily men, have slapped themselves on their backs sitting on a diner stool, in front of water coolers at work, and...

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  • Avatar of @ReasonaBill
  • November 13, 2019

NowThis has launched the newest season of my favorite series, Who Is?, a weekly show that goes after different Trump enablers (Administration members, Fox News stooges, politicians). This week, they brought in Clay Aiken to expose fellow North Carolinian and huge Trump enabler, U.S. Senator Thom Tillis (R. NC). Check out...

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  • Avatar of Sam Sero
  • October 17, 2019

Long before Trump, today’s GOP lost any ability to be constructive on just about anything. If something is good, they reflexively oppose it.  People having healthcare? Oppose. People going to college? Oppose. Stopping gun massacres? Oppose.  Renewable energy? Oppose. Their entire policy on immigration is bigotry and hate. Their policy...

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  • Avatar of SemDem
  • September 29, 2019

While there will be heated debate about if the economy will go into a recession in 2020, I think most economic analysts believe that the recent yield curve inversion on interest rates does signal a slowing economy.  And if the economy begins to slide next year, Trump has already started...

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  • Avatar of Merlin1963
  • August 16, 2019

You’re probably already well familiar with the Republican Party’s guileful ratfucking of our economy while the black man was in charge of our country. Much is made of Donald Trump’s efforts to reverse everything President Obama ever did, but Trump’s policies are really just a new chorus of an old...

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  • Avatar of Aldous Pennyfarthing
  • May 5, 2019

Yeah, for whatever reason, they didn’t really think so. The Hill: In a House Financial Services Committee hearing meant to assess preparedness since the crisis, [Alexandria] Ocasio-Cortez expressed “concerns about how much things have really changed” since the recession. She noted fines and penalties in the interim, such as Bank...

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  • Avatar of Aldous Pennyfarthing
  • April 10, 2019

The labels of progressives versus centrists or “New Democrats” over policy differences is meaningless in my humble opinion, at least as defined by the Media and the Beltway Establishment.  I say this because I think — I could be wrong — that many moderate or even some conservative voters would agree that...

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  • Avatar of Merlin1963
  • November 19, 2018

From Crooks and Liars, Jeet Heer of The New Republic rips into the political establishment which McCain was a party to that HELPED produce Trump.  There is a link to Heer’s Tweets on McCain’s funeral.  Now, fair warning, Obama gets criticsm too. WTF?  How can Obama be responsible for Trump...

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  • Avatar of Merlin1963
  • September 4, 2018

Received this e-mail today from U.S. Senator Kamala Harris (D. CA) in support of Richard Cordray’s (D. OH) gubernatorial campaign: Richard Cordray (D. OH)   In a few moments, I’m going to ask you to contribute and support Rich Cordray to be Ohio’s next governor. Rich has fought corruption and...

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  • Avatar of Sam Sero
  • August 29, 2018

David Brooks states the issue properly: Given the financial crisis, widening inequality, the unpopularity of the right’s stances on social issues and immigration, you would have thought that progressive parties would be cruising from win to win. But, instead, right-leaning parties are doing well. In the United States, Republicans control...

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  • Avatar of waterstreet2008
  • May 13, 2015

People die.  Every single day.  Western tradition dictates that the dead be buried.  It's a cultural thing that has been practiced by various civilizations for thousands of years.  Other cultures have had or have developed their own, different ways of dealing with the dead – and I pass no judgement...

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  • Avatar of Celtic Merlin
  • April 16, 2013