Trillions were spent bailing out the rich, and no taxes were levied on them to pay for it. Now what will happen is that in order to balance the budget, money which primarily helps the middle and working classes will be cut, while those same middle and working classes will be forced to bail out the insurance and health industries.
I knew the "jobs summit" would turn out to be crap, and it was crap. First, the meta-crap:
"We're looking for fresh perspectives and new ideas," Obama said.
Yeah, just that "open and transparent" crap Obama handed out on health care. Now for the actual crap: Read more about Obama full of crap at phony jobs summit
Jeff Muskins in HuffPo:
Job creation will probably have to wait until next year but the House is determined to extend the estate tax break permanently before leaving for the holidays, Majority Leader Steny Hoyer (D-Md.) told reporters Tuesday.
Before the week is out, however, the House will vote to permanently extend the lower estate tax rates established during the Bush administration, which are set to expire at the end of this year.
Sprint Nextel provided law enforcement agencies with its customers' (GPS) location information over 8 million times between September 2008 and October 2009. This massive disclosure of sensitive customer information was made possible due to the roll-out by Sprint of a new, special web portal for law enforcement officers.
If they know where you are...
From the peroration of Arthur's great post, let me highlight this particularly dangerous quote from Nobel Peace [But Later, Much Later] Prize winner Obama's Latest Greatest Speech EVAH: Read more about Obama takes the unity pony out for a drag
Start with the short-term economics. What we’re in right now is the aftermath of a giant financial crisis, which typically leads to a prolonged period of economic weakness — and this time isn’t different. A bolder economic policy early this year might have led to a turnaround, but what we actually got were half-measures. As a result, unemployment is likely to stay near its current level for a year or more.
Me neither. Open thread.
Ya know, it's at times like this that I think of the question the truck driver asked in the PA -- dread word -- primary, about the Clinton era: "Which part didn't you like? The peace? Or the prosperity?" Because right now, we've got neither. Read more about Listening to the Afghanistan speech?
The parties -- let alone the "progressive" access bloggers -- are just lackeys. Here's the question:
In some influential circles, these questions are now asked: What’s wrong with high levels of inequality in general, and with having very rich bankers in particular.