Theft is a form of income redistribution, as are lawsuits and interest.
Brazen: The Wisconsin GOP admits, nay brags, that they plan to run Republican candidates as Democrats in this summer's recall elections. Their own senators are too busy crushing unions and dismantling the states social support network to try to save their own necks, the party claims.
Here, Let Me... Greece, because of its membership in the euro union, cannot get out of its current debt problems by inflating its currency. Obama, having no such constraints, has offered to print additional dollars to help bail out the Greeks.
On Living to Fight Another Day: Who is going to survive, Wiener – who apologized - or Palin – who simply asserts that she was in the right, with no excuses, no making amends, damn the torpedoes, full speed ahead. Being on the right is as good as being right. Or maybe it is just the difference between being stupid and being ignorant.
Decline & Fall: House prices have now fallen 33% from the peak – that's more than they fell during the Great Depression. Upwards of 25 million Americans are unemployed or under-employed. One in six Americans depends on food stamps. The US debt percentages rival the Greeks. The US Army has been bogged down in two land wars for nearly a decade. The empire may not be collapsing, but the foundation has some serious cracks.
Ante Up: The Big Boys – Citi, BofA, Wells Fargo, JPMorgan Chase – are expected to pay upwards of $20 billion each for their foreclosure misdeeds – without admitting there were any.
Against All Odds: The French and Germans do not see the Greeks as fellow citizens, nor the Portuguese or the Spanish. Until they do, the euro is doomed. The IMF and ECB continue to insist that Greece (and Portugal and Spain) adopt financial austerity and rampant privatization, which will only deepen the debt and intensify their recessions and increase unemployment. Neoclassical economics is once again proving to be economic and political suicide. The ECB strategy is for these nations to engage in a “race to the bottom” of wages to “restore competitiveness” via Bangladeshi salaries. This will produce riots, mass protests, and the rise of anarchy in many parts of Europe.
Start Here: On the 10th anniversary of “one of the worst decisions that both parties have made in the last 50 years,” a group of Patriotic Millionaires again ask for their taxes to be raised.
Serious People: The Republican meme that suffering is good for the lower classes is being embraced not only here, but in Europe and by central bankers around the world. This will not turn out well, but the Republicans want the economy to flounder until the 2012 elections.
Second Hand Smoke: Not only do the children of the unemployed do worse academically, so do the neighbors' kids – even if their parents still have jobs. Seems it takes a village....
Been Down So Long... Uncle Ben's platitudinous version of “status quo, here we go”: US economic growth looks somewhat slower than expected. Indicators suggest a loss of momentum in the labor market. Growth seems likely to pick up somewhat in the second half of the year, if the price of gasoline comes down. The economic recovery is frustratingly slow. There is not much evidence that inflation is yet a problem. Accommodative monetary policies (free money for the banksters) are still needed
and we will find a way to provide the money secretly.
The President In The Oval Office: Gov. Haley Barbour, another Republican wanna be, says that our high gasoline prices are the result of a deliberate plan by the president to drive up prices in order to cut down on pollution and promote alternative energy. See that sign up ahead? We're entering the Twilight Zone...
Smile: House Republicans insist that trillions of dollars of spending cuts must accompany any rise in the debt limit, but no tax increases – ever again. That dog won't hunt. Republicans say it is unnecessary to raise revenues because they are already projected to rise substantially in 2013 when the Bush tax cuts expire. Sorry, that dog don't hunt neither.
Rational Rationing: There is no health plan – Republican or Democratic, liberal or conservative - that proposes the government deny you the right to have any medical care you wish – at your own expense. The question is what the limits will be for government paid medical care. A second good question is what limits the government should place on profiting from the sick.
Porn O'Graph: Getting better and better... slowly.