Tag Archives: Wall Street

GFY, S&P

As the extortionists at Standard and Poor’s threaten a credit rating downgrade, not just if the debt ceiling isn’t raised but if the deficit isn’t cut by $4 trillion, Robert Reich points out that if the crooks at S& P … Continue reading

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Just a Little Bit of History Repeating?

Dave Johnson at Campaign for America’s Future has an excerpt from Naomi Klein’s Shock Doctrine that sounds eerily familiar: “In February 1993, Canada was in the midst of financial catastrophe, or so one would have concluded by reading the newspapers … Continue reading

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All the Bad News That Fits

“I met a girl who sang the blues, and I asked her for some happy news. She just smiled and turned away.” In the latest episode of “As the Debt Ceiling Turns”; Boehner walks, Obama has a hissy fit, and … Continue reading

Posted in Afghanistan, budget, Congress, economy, Iraq, Medicaid, Medicare, Obama, Politics, Social Security, Unemployment, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

Greenwald: Obama Gutting Core Democratic Principles

Yet another gem from Glenn Greenwald in today’s Guardian: “[I]n 2009, clear signs emerged that President Obama was eager to achieve what his right-predecessor could not: cut social security. Before he was even inaugurated, Obama echoed the right’s manipulative rhetorical … Continue reading

Posted in Democrats, drone strikes, George W. Bush, Libya, Medicare, Obama, Social Security, Wall Street | Tagged , , , , , , , , , , , | Leave a comment

Moody’s Threatens Credit Rating Downgrade

Wasn’t it Moody’s who was handing out AAA ratings like candy on Halloween for Wall Street’s toxic MBS, CDO crap not too long ago? “The “rising possibility” that the debt limit will not be raised by Aug. 2 has driven … Continue reading

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Why Is This So Damn Difficult?

This is so simple it’s ridiculous. The three major causes of the dramatic increases in debt and deficit are: 1) The Bush, now Obama, tax cuts. 2) The wars in Iraq and Afghanistan. 3) The financial collapse caused by Wall … Continue reading

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Just a Man of the People

FDR: I welcome their hatred. Obama: Let’s kiss and make up. “Last night Obama headed to the Upper East Side to wine and dine Wall Street. The DNC fundraiser at tony restaurant Daniel cost attendees $35,800 each, and a source … Continue reading

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Obama Makes Nice-Nice With the Banksters

FDR, 1936: “We had to struggle with the old enemies of peace–business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their … Continue reading

Posted in economy, financial reform, Obama, special interests, too big to fail, Wall Street | Tagged , , , , , , , , , , | Leave a comment

White House Moving to Wall Street

Breaking news: In order to cut down on travel time through the revolving door for President Obama’s outgoing and incoming team of  advisers, the White House is moving from 1600 Pennsylvania Avenue. Here’s the new location: Might as well be: … Continue reading

Posted in economy, Goldman Sachs, Obama, Obama administration, Politics, special interests, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Heckuva Job, Mr. President

Good call, Mr. President. You’ve hit on the reason for the $1.3 trillion deficit. Nothing to do with the crooks savvy businessmen on Wall Street or wars that never end or tax cuts for the top 2 percent. It’s the … Continue reading

Posted in budget, Congress, economy, Obama, Politics, Republicans, Taxes, Wall Street | Tagged , , , , , , , , | 1 Comment