It’s The Stupid Economy
[ Add A Comment ]Posted on October 23, 2008 by admin in Editorial & Opinion
Thursday, October 23rd, 2008…stupid
I always feel a little ignorant went it comes to finance and the economy. That is, until I sit with a typical group of Americans and listen to them talk about either. If you feel a little less than enlightened on the big picture yourself, Good Magazine has a simple chart (which cops the Bill Clinton campaign slogan from the ’92 election) to fill you in on some of the basics. If you’re putting the pieces together intelligently (the corporate media has no reason to want to help you with this), it would be hard to believe that things will get much better before they get a lot worse. But don’t worry. This whole capitalism thing is probably a dying paradigm. We’re probably ready for a smart economy. We just need to rework that pesky social contract a bit. I think there are reasons you don’t here the words “Economics” and “Ethical” in the same sentence very often these days.
Silly Billionaire Doesn’t Realize Economy Was Fixed Last Weekend
[ Add A Comment ]Posted on October 14, 2008 by admin in Editorial & Opinion
Tuesday, October 14th, 2008George Soros on the Economic Crisis
In these troubled financial times, it’s refreshing to hear a successful financial expert (George Soros is worth about $7 billion) talk commonsensically about the current economic crisis. Except that he’s basically saying that we’re completely screwed. If you have about six minutes, watch this Bill Moyers interview, in which Soros basically says that the extreme form of capitalism that we’ve been playing with (he calls it free-market fundamentalism) could lead to the end of the human race. He balances that seemingly extreme notion with more common-sense talk about how capitalism and socialism have something in common that could make either one succeed or fail catastrophically, i.e.: the human element. He distills that “human element” down to the sense of social responsibility possessed by the leaders of a given society, not only during a time of crisis, but in the ongoing management of the society.
George Bush on the Economy: “Wall Street Got Drunk”
[ Add A Comment ]Posted on July 23, 2008 by admin in Politics
Wednesday, July 23rd, 2008Off the record, the president shares his latest economic theories.
Well, if that isn’t the proverbial pot calling the kettle black. If you watch this exclusive clip (he thought all cameras were off) you’ll get to hear Bush joking not only about Wall Street getting drunk, but also joking about how rough it’s been for him being on government pay for 14 years. Gee George, if only all the rest of us had to suffer a $400,000.00 yearly salary, free luxury housing, private air and ground transport, and full time security teams, as well as access to virtually anything else we want in the world, we could join you for a chuckle. To see some excellent clips of George himself being drunk, check out this YouTube compilation. Or this one to see where it all began. My suggestion for the new 2008 GOP slogan: “Ish thuh ick-onomy, shtoopid….”