A Trump Bailout to Save the Obama Bailout

"Insanity is making the same mistakes over and over again expecting different results." "If you keep doing what you've been doing, don't be surprised when you keep getting what you've been getting." ~ Narcotics Anonymous While it will take years to sort through the details, Trump’s $2 trillion COVID-19 response is a double-down on Obama's … Continue reading A Trump Bailout to Save the Obama Bailout

Just Use ‘the Computer’ at the Fed to Give People More Money

Up“We simply use the computer to mark up the size of the account.” ~ Ben Bernanke Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. Markets Go Berserk as Fed Just Starts Printing More Money Vice-president Dick Cheney famously boasted, “Reagan proved … Continue reading Just Use ‘the Computer’ at the Fed to Give People More Money

Obama Loved Austerity and the New Democrats Remain Addicted to It

By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Jointly published at New Economic Perspectives and Naked Capitalism I know the Republicans are complete hypocrites about federal deficits and debt. I know their dishonesty and … Continue reading Obama Loved Austerity and the New Democrats Remain Addicted to It

At elite gala with ex-Bush official, Obama implores Wall Street to thank him for making them so much money

  “Just say thank you, please,” former President Obama told a room full of bankers, and boasted of making the US the world’s largest oil producer at an opulent gala with James Baker. By Ben Norton Gray Zone Nov 30, 2018 Barack Obama urged bankers to thank him for helping make them so much money during his … Continue reading At elite gala with ex-Bush official, Obama implores Wall Street to thank him for making them so much money

Caravan of Lies

by Paul Street Counterpunch Nov 16, 2018 Never underestimate the disingenuousness of top U.S.-American politicos.   They truly have no shame. Notice how little the fascistic president Donald Trump has to say any more about the big bad Central American Caravan that was supposedly menacing the United States with a great criminal “invasion”? The U.S. military … Continue reading Caravan of Lies

Rescuing the Banks Instead of the Economy

  "You can bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. Obama invited the bankers to the White House and he said, “I’m the only guy standing between you and the mob … Continue reading Rescuing the Banks Instead of the Economy

The Bailouts for the Rich Are Why America Is So Screwed Right Now

Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all. By Matt Stoller    Vice  Sep 13 2018   In 1948, the architect of the post-war American suburb, William Levitt,explained the point of the housing finance system. "No man who owns his own house and … Continue reading The Bailouts for the Rich Are Why America Is So Screwed Right Now