Welcome! This is an unapologetic, agenda-free zone. Just commentaries on current events that’ll move you to think, laugh, rage, and even cry.
Fellow liberals upbraided me last week for arguing – in “Hello … China? Greece Calling,” July 6, 2015 – that: a) Greek leaders were delusional for holding a referendum on Eurozone bailout terms (i.e., instead of humbly accepting them); and b) Greek protesters were hopelessly misguided for expecting a no vote to lead to anything… Read more.
[T]he so-called “PIGS” (namely, Portugal, Italy, Greece, and Spain) have been arguing that the sovereign debt crisis that is threatening to plunge their respective countries into bankruptcy is a burden all of Europe should bear. And everybody knows that a default by any of these PIGS will cause the disunion of the European Union. (A… Read more.
[E]ven if born-again “free-market” Republicans in this lame-duck Congress block its passage this week, I have no doubt that the Obama Administration will work with Democrats in the new session of Congress to enact an even more favorable bill early next year. And, presumably, the big 3 automakers can hold on until then…. [First banking,… Read more.
Frankly, if nothing else, this latest bailout should finally destroy the myth that the US is running a capitalist, free market economy. After all, this (and the other government bailouts cited above, which effectively privatized shareholder gains and nationalized losses), coupled with longstanding corporate subsidies, is indistinguishable from the way China runs its socialist, centrally planned economy. [Chickens come… Read more.
Yesterday afternoon, after 48 hours of political theater, the Bush administration and congressional leaders finally agreed on the $700 billion rescue plan, which they touted as a “Wall Street bailout to save Main Street.” This, despite ideological carping by a few nutjob Republicans who, after leading the charge to double the national debt to over… Read more.
