Myths don't die, they transform.
Civil Lies Nation: Used to be the Office of the President of the United States got some respect. Now, when the President plans to encourage kids to stay in school and work hard to achieve success the American way, the right tries to prevent it, claiming it's un-American.
Coughing Up: In a play-within-a-play, healthcare profiteer Pfizer has been fined $2.3 billion after pleading guilty to fraud. They will, of course, recoup the expense, adding it to the nation's healthcare bill.
Change? What's changed? War in Iraq. War in Afghanistan. Bailouts to the rich. Broken promises to the workers and the poor. Lobbyists writing legislation. Massive debts. No regulation of Wall Street. Renditions and secret prisons. We might as well have given Bush a third term.
Kerthunkers: From selling cars at a seasonally adjusted annual rate of 14 million cars, as soon as the Cash for Clunkers stopped, so did the buying – dropping to an annualized rate of 8 million. Golly gee.
Recession Ends... Data everywhere is looking positive! Even the Food Stamp program is doing better, serving 2.1% more serfs in June than in May, 22% more than a year ago, reaching a record of 35.1 million,
We've Only Just Begun... : Across the USA commercial buildings have lost half their value, more in places like Manhattan. Some 65% of commercial mortgages coming due in the next few years will probably not qualify for refinancing because the buildings will not be worth the amount owed on them. A tsunami warning should be sounded.
Poverty Delays Prosperity: The loss of some $7 trillion in household wealth - $54,000 per house on average – is keeping customers from shopping, buying, retiring, eating and such. It's a drag on the recovery.
Ulterior Motives : The Fox (played by the mortgage industry) is asking the farmer (played by Congress) to split Fannie and Freddie's little henhouse (their 90% control of mortgages) into smaller parts, guaranteed by the government and set free for the Fox to enjoy.
Exceeding Expectations: US companies cut jobs faster while increasing individual worker's output the most since 2003 – far above expectations. Especially the expectations of workers who thought they were doing a good job, increasing productivity. Do any of these executives own mirrors?
Cavalry Not On Way: Nuclear power's contribution to the world's energy and CO2 problems will continue to decline. With few new plants even planned and with lead times of ten or more years to bring facilities on line, there is no possibility that nuclear power will play any significant role in replacing fossil fuels over the next 20 years.
Explain, Please: Executives at bailed-out banks are getting richer by the day from stock options that would have been worthless if the taxpayers hadn't come along and saved their sorry asses. Why are they allowed to continue to benefit personally from ruining the economy?
Universal Sufferage: A BofA teller refused to cash a check for an armless man because he couldn't provide a thumbprint. The teller is permitted to vote in the US.
Asked and Not Quite Answered: Did Goldman get special treatment because Treasury Secretary Paulson had been their CEO? “Goldman is the only counterparty I know that through the whole thing got bailouts at 100 cents on the dollar. It was an unbelievable transfer of wealth from taxpayers to reckless companies.”
Porn O'Graph: 50% more people, 2,000% more credit – not counting mortgages.