by btchakir, Wed Jun 10, 2009 at 03:26:45 AM EDT
Are we at the end of American-style Capitalism?
There's a thought provoking article in the new Vanity Fair by Joseph Stiglitz, the Nobel Prize winning economist, which evaluates what the current financial situation throughout the world means to America's position in it.
It is worth reading and thinking about, since it lays most of the responsibility on a "free-market economy" as foisted on the world by a greedy and thoughtless Wall Street, which set very different standards for other countries than it adopted for the U.S. This from the article:
by btchakir, Sat Jun 06, 2009 at 06:21:46 AM EDT
Before we get into this discussion, go toTruthout.org and get the background on Teddy's Bill: http://www.truthout.org.
Now this is a real winner for the Insurance Companies that are already sucking the money out of the Healthcare system and making it more expensive for the majority of us. For one thing, EVERYONE would be required to buy insurance... and those who couldn't afford it would get a government subsidy... your tax money in Insurance company pockets.
by btchakir, Fri Jun 05, 2009 at 07:33:02 AM EDT
Two or three sources are betting that Norm Coleman is going to discontinue his campaign to keep Al Franken from getting the Minnesota Senate seat if the State Supreme Court, as it is believed, comes in supporting Franken. Even though John Cornyn and the other Republican Committee types are saying they would support Coleman through the US Supreme Court, Coleman apparently thinks Governor Pawlenty will sign the certification if the State Supremes come in for Al.
by btchakir, Thu Jun 04, 2009 at 04:55:04 PM EDT
Driving to work in Charles Town, WV, this morning I stopped to pick up coffee at the drive-thru window of the Ranson Chic-Fil-A on Route 9. I don't usually get my coffee at Chic-Fil-A... but there was such traffic at their drive in window I thought it must be pretty good.
Well, it wasn't any different than the coffee at McDonald's, Dunkin' Donuts, Sheetz, or the counter at Needful Things (which, as it turns out, is all that remains of an old F.W. Woolworth lunch counter).
by btchakir, Tue Jun 02, 2009 at 10:56:44 AM EDT
Minnesota Governor Tim Pawlenty announced today that he wouldn't seek a third Governor's term in 2010. The question is why?
Most of the press thinks it's because he intends to run for the Republican Presidential Nomination in 2012 and needs the time to push towards that run.
I think, however, that the miserable publicity and lack of concern for State residents having a full Congressional representation which Pawlenty has built up while supporting Norm Coleman's attempt to steal the senatorial election from Al Franken is the real cause. The people, even those who didn't support Franken in the first place, are pretty pissed-off that Pawlenty didn't certify Franken after the recount, or after the recount review that gave him even more votes, but has backed Coleman's taking the recount to the State Supreme Court where arguments wereplayed out yesterday.
by btchakir, Mon Jun 01, 2009 at 04:19:49 AM EDT
Yesterday's news was filled with articles about Dr, George Tiller of Wichita, Kansas, one of the few publicly accessible late-term abortion doctors left in the country, who was shot down in the lobby of the church he was attending.
President Obama issued a statement that he was "shocked and outraged" by the murder. According to the Wichita Eagle:
"However profound our differences as Americans over difficult issues such as abortion, they cannot be resolved by heinous acts of violence," the president said in a statement issued by the White House.
by btchakir, Thu May 28, 2009 at 02:39:22 AM EDT
The slow suicide of the Republican Party, represented by their three most covered spokespeople, Rush Limbaugh, Dick Cheney and Newt Gingrich, is breathtaking to behold.
They have tromped on their most bipartisanly popular members, like Colin Powell; they have built their platforms on fear of attack by terrorists, as Gingrich did on Meet The Press; they have stressed their hopes for the current administration to fail, as Limbaugh has done repeatedly. All of these actions have lowered the perception of Republicans among average Americans.
by btchakir, Tue May 26, 2009 at 06:06:51 AM EDT
by btchakir, Thu May 21, 2009 at 10:38:59 AM EDT
A few months ago I would not have been aware of the late economist, Hyman Minsky (1919-1996.) His theory, known as the "Financial Instability Hypothesis (FIH)" was not a matter of public discussion as we watched our economy go directly into the toilet and the recession grow and get more dismal.
Had I known about Minsky, however, I would have seen this coming in the 1980s when the Reaganites began to dismantle government regulation of banks and the investment markets. FIH says hat stability is inherently unstable.
by btchakir, Tue May 19, 2009 at 04:24:28 AM EDT
Byron Dorgan (Dem. - North Dakota) was on C-Span this morning to discuss the elements of the Senate's upcoming Credit Card Bill. I'm not sure what he thinks he can accomplish, but at the very least, he is making us aware that the CC companies are big players in the screwing of the American Economy.