Tag: US economy

corruption disaster capitalism economics Politics shock The Corporation US economy
October 28, 2008

Paulson’s Plan and the Sucker Who Bought It

Original story here . Folks, this bailout money isn’t about loosening credit for consumers or businesses, but consolidating wealth and power in fewer and fewer banking hands. That’s great business for the banking elites, but lousy business for the US taxpayer. And it’s all being orchestrated by one of their own, in the shape of Hank Paulson , ably assisted by Neel Kashkari , another […]

corruption economics Politics shock US economy
October 27, 2008

The Race … for a Share of the Porkbarrel Bailout

In the US, the race to the porkbarrel has begun .  Companies, lobby groups, consultants and other ‘experts’ are lining up at the trough to stuff themselves with US taxpayer cash. And you’d better damn well hurry because the Chinese are going to start calling loans and the cash will run out soon!! Ah, who am I kidding?  Unless you’re a good buddy to Bush […]

economics interflation US economy
October 27, 2008

Why the US dollar is rising … when it shouldn’t be

A lot of people have seen their purchasing power disappear overnight because their currency has eroded very drastically over the last few weeks.  In Canada, the loonie was trading at about par with the US dollar about 2 months ago and now it’s down around the $0.75-$0.78 range. A lot of people have been scratching their heads trying to figure out why. And along comes […]

corruption economics US economy
October 27, 2008

A full list of What to do with the financial crisis

This list almost seems palatable, given the rocky ride being presented to the world’s public. Here’s a quick recap: Close all Banks and Financial institutions now. Stop paying taxes. Count what’s actually left in the public coffers. Put all of it in a central fund for now. Sack all Governments Now. Disband the Stock Exchange. Prohibit speculation on commodities that people need to survive. Form […]

corruption economics shock The Corporation US economy
October 26, 2008

For Whom the Bailout Tolls

This story offers a nice commentary on some of the excesses associated with the bailouts. AIG, in particular, stands out.  Words like greed and gluttony come to mind.  Excessive greed.  Excessive gluttony.  Why these clowns were bailed out at all is beyond me. There are "claw back" provisions in the big $700 billion bailout passed by Congress three weeks ago, requiring that financial institutions get […]