Corrente

If you have "no place to go," come here!

Class Warfare

letsgetitdone's picture

Peterson Thinks We Need Austerity While He Lives It Up!

The Peterson Foundation reacted to the President's budget document with a report repeating its usual whining about the debt problem, and the need to cut entitlements. Here are quotations from the report and my explanations of why they are ridiculous deficit/debt terrorist nonsense. Read below the fold...

letsgetitdone's picture

No, Virginia, the Austerity Era Is Not Over

If the President's budget were enacted by Congress, and OMB's projections over the next decade hold, it would almost certainly mean economic stagnation punctuated by recession over the next decade. Would it also mean austerity, however? Let's see.

The Sector Financial Balances (SFB) model is an accounting identity, and these are always true by definition alone. The SFB model says: Read below the fold...

letsgetitdone's picture

How to Restore the Good Name Of Government

Why is it that Washington village “progressives,” and their associates in other parts of the country who are nevertheless part of the Washington village culture, often ask useful questions, but, almost always deliver, underwhelming answers? Here's an example from Richard Eskow, probably the best writer at Campaign for the American Future. Read below the fold...

letsgetitdone's picture

Dear Dr. Krugman: Please Let Me Explain

Paul Krugman can't explain why the deficit issue has suddenly dropped off the agenda. He says:

. . . quite suddenly the whole thing has dropped off the agenda.

Read below the fold...
letsgetitdone's picture

What Now?

Today, John Boehner bowed to the inevitable logic of the impending political season and placed a “clean” debt ceiling increase bill on the floor of the House. At this writing, the bill passed with 28 Republican and 193 Democratic votes. Now it moves on to the Senate, where it is expected to pass in time to allow the Treasury to keep issuing debt instruments.

So, now we have had agreement on a budget partially rolling back the sequester, and the Republican leadership appears to have decided not to have another debt ceiling crisis. I wrote a post called “What Happens Now?” just after the Government shutdown ended last October. There I analyzed the political situation and made a number of predictions about the short-term future. Here's how I answered the question: “Growth and Jobs or Shutdowns and Debt Ceiling Crises?” Read below the fold...

DCblogger's picture

Peter J. Larkin would actually rather screw his workers and customers than make a buck

Thread: 

Republicans Just Won the Food Stamp War

On Wednesday morning, Republicans won a years-long battle over whether to slash or spare food stamps when the House passed the farm bill, a $500 billion piece of legislation that funds nutrition and agriculture programs for the next five years.

Read below the fold...
letsgetitdone's picture

Professor Krugman's Nervous Tic?

Thread: 

Paul Krugman's recent post makes some good points about the myth of the undeserving poor. But does he have a nervous tic?. When criticizing conservative economic views, doesn't he always seem to genuflect slightly to conservative opinion in order to appear "reasonable"? In this post he says:

"I’ve noted before that conservatives seem fixated on the notion that poverty is basically the result of character problems among the poor. This may once have had a grain of truth to it, but for the past three decades and more the main obstacle facing the poor has been the lack of jobs paying decent wages. But the myth of the undeserving poor persists, and so does a counterpart myth, that of the deserving rich."

What "grain of truth" ever existed in this story? Where is the empirical evidence that the poor were ever more "lazy" than the rich or had other "character defects" (Not K's words) that the rich don't have in abundance, as well? I don't think there is any. What the conservatives believe is pure BS. Some people are certainly "lazier" than others. But there's no evidence that this aspect of character is class-based. It's just prejudice, myth, and conservative fairy tales, which they embrace in place of authentic religion, run rampant. Read below the fold...

letsgetitdone's picture

The TPP: A Dangerous Proposal Whose Time Has Gone

A recent, very good post at Naked Capitalism by Clive, suggests:

. . . Dear readers, you may think that writing to your elected representative, commenting negatively on articles you read in the mainstream media about the TPP and generally kicking up a bit of a fuss, making some noise, is a waste of effort. That is not so. The world does watch what goes on in the US. If popular sentiment is against something, the US government has a much harder job of convincing foreigners that it’s just them being awkward and reactionary and not getting the big, progressive, reform-minded, modernising picture.

I agree that this is a good proposal for one way the American public could register its objections to the Trans-Pacific Partnership (TPP) with foreign leaders. But, I think that such letters ought also to point out that even if the TPP were railroaded successfully in the next few months, then it is unlikely to stick. After all, it is only a Treaty. Wouldn’t an electoral victory here by a movement dedicated to overturning corporate control of the political system, result in withdrawal from the TPP before any concrete legislation likely to conflict with it was passed by Congress? Read below the fold...

DCblogger's picture

Priorities

Thread: 

Colorado Shows How To Legalize Pot But Keep the War on Drugs, and Guard the Profits of Rentiers

Thread: 

Is there really a bad way to legalize marijuana? Last week I got a phone call from a friend advising me to look a little deeper. I did.
If your job was to design a legalization regime that would pretty much keep the war on drugs, and confine the economic beneifts of legalizing weed to the narrow circle of rentiers who already have toll booths planted in the middle of every ordinary transaction, and lock down the growers in a fashion that will make it relatively easy to persuade or force them to use seed varieties patented by agribusiness firms, Colorado would be a good start. Read below the fold...

scoff's picture

Sold to the Highest Bidder

Thread: 

Although this is probably well known to the readers of Corrente, in general if not in specifics, I had to share. Read below the fold...

DCblogger's picture

The Boeing kleptocracy

Thread: 

Will Boeing Workers Nix Givebacks in Forced Re-vote?

Immediately following the November 13 rejection, Boeing began soliciting “bids” from other states and localities for the 777X work. A couple of newspapers got to see what Boeing was demanding in its request for proposals. Pretty outrageous: free land, a building for free or low cost, worker training, lowered taxes… the list went on

Read below the fold...
rexvisigothis's picture

Minimum Wage? Hell, No! Maximum Wage

Thread: 

The degrading squabble over the level at which a nation still retaining some small capacity for shame will say "Below this wage, by irrebuttable presumption, labor is uncompensated, ergo (implicitly) slavery", serves only to distract the working class, the surplus value of whose labor is being stolen, from the fact of the theft.

We need a maximum ratio by which the most highly compensated may command the compensation of multiples of their fellow humans. Read below the fold...

Pages

Subscribe to RSS - Class Warfare