Sunday Reads

29 Jan

Hope you are all having a great Sunday!  Here ya go …..

  • An excellent article over at Naked Capitalism that looks that the evolution and state of capitalism in the western world, using a series of articles on the financial crisis from the Financial Times as a jumping off point.
  • The GOP’s Crackpot Agenda from December’s Rolling Stone if you haven’t read it. Sums things up pretty well – Promote Dirty Jobs; Trash the Environment; Unleash Wall Street; Destroy the Safety Net; Wreck the Economy; Wage Endless War; Cut Taxes on the Rich; Attack Abortion Rights; and Bash Immigrants.
  • Chart Book: The Legacy of the Great Recession from the Center on Budget and Policy Priorities.  A nice compilation of well presented data on the economy in the current recession compared with previous ones.  In particular I found this chart quite disturbing and It’s comparable to the same info from other industrialized nations.  It is going to be a long hard slog out of this folks.

“The issue I think that’s going to play out this election is that question of Warren Buffett’s secretary,” House Majority Leader Eric Cantor, R-Va., said Wednesday on CNN. “We want her to make more money, we want her to have more hope for the future. . . . [But] this notion that somehow the income that Warren Buffett makes is the same as a wage income for his secretary, we know that’s not the same.”

In other words, it’s not just that the rich are better than the rest of us but also that their money is better than our money.

GHAAAA! How is it everytime Cantor speaks, it is something asinine?


Posted by on January 29, 2012 in Economy, Politics


Tags: , , , , ,

5 responses to “Sunday Reads

  1. rsevegas

    January 29, 2012 at 1:08 pm

    ad hominum attacks are worthless. speak about the pros and cons of each issue. I might learn something

    • toph

      January 29, 2012 at 3:50 pm

      These are simply articles I present, that I think some people might find interesting. It is not my my intent factually argue all these things – if only I had the time.

  2. mpbulletin

    January 29, 2012 at 1:39 pm

    Yes, it is going to be a long, hard road. I think that’s what is so hard for people to understand. They expected us to be out of this in less that 3 years and that is just not practical at all. Given the depth of the recession, a quick recovery is simply not in the cards. But that for some reason is virtually impossible to communicate to people.

    Have you seen these charts?
    I think they give a good illustration of how deep the recession was compared to others and how we cannot honestly compare this one with any others except the Great Depression.

    Good Elizabeth Warren clip. She does know how to keep it succinct and to the point. I could see her running for president one can’t you?

    • toph

      January 29, 2012 at 3:58 pm

      Yes I have seen quite a few of those (love that blog when I have the time to digest and concentrate)

      I completely agree that the expectations of a quick recovery are unfounded. This is all the result of decades of policies on both sides, and represents a structural shift in the world economies and financial systems. I wish that more people would realize there are no quick fixes to this and take a long term and deliberate look towards the future so that we learn from our mistakes and don’t repeat them.

      Elizabeth Warren definitely has the personal and intellectual potential to be presidential material. We will have to see how the political landscape shakes out in the coming years to see if this is possible.

      • mpbulletin

        January 29, 2012 at 4:56 pm

        “I wish that more people would realize there are no quick fixes to this… ”

        Exactly, nor are there one step solutions.

        Warren… you’re right. There will have to be some shifts in the political landscape before she’d consider a run. It’d have to return to a state of general sanity. If she ran in a climate similar to this current one then there would be so much hatred thrown at her, it be a vicious campaign. I think we got a taste of how the current GOP feels about her from the Consumer Financial Protection hearings.

        ** I didn’t notice your avitar before… LOVE your Bill the Cat 🙂


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