Exclusive: While the mainstream U.S. media has focused on personal scandals, the presidential race has revealed a deep and sometimes ugly resentment among many Americans who blame the haughty elites for declining living standards, says Andrew Spannaus. By Andrew Spannaus…Read more →
One of the key premises behind Bernie's run for the presidency-- behind his entire career in fact-- is that economic inequality is too great-- dangerously great. This week, the Congressional Budget Office released a report showing that economic inequality has grown significantly since 1989. Short version:
You can only push people so far before they react
As the U.S. election shapes up as a battle between Donald Trump and Hillary Clinton, the prospect for the public hearing anything approaching a truthful exchange of ideas appears hopeless, writes David Marks. By David Marks In 1958, a quarter…Read more →
Bernanke and the Federal Reserve are nothing but criminal butlers for the oligarchy. The proof is undeniable at this point. While this unaccountable banking cartel promised us that 0% rates would help the economy, America’s growing underclasses are paying 100% rates for loans to buy sofas and pay for food, more than five years into this so-called “recovery. Meanwhile, the only segment of society with access to low interest rates are the very wealthy financial oligarchs who leverage this cheap money to speculate on financial assets and real estate.
Income of Americans age 20-24 since 1979 compared to other age groups (source; click to enlarge)by Gaius PubliusThe Sanders- and Trump-led (for now) political rebellion is not going to go away. There are only two questions going forward:
Wall Street's most dependable-- and best paid-- lackey in Congress is so secure in his Senate seat-- Republicans aren't running anyone against him; there's no primary opponent; I'll bet anyone the WFP endorses him-- that, according to the New York Post's Nicole Gelinas, he's already enabling another Wall Street bailout (instead of having gallows built to line Broad St
Jeff Halper, co-founder of the Israeli Committee Against House Demolitions, sees the brutal practice of destroying Palestinian homes and similar tactics as part of an experiment in social repression that can have broader implications as income inequality spreads across the…Read more →
The biggest falsehood of Hillary Clinton’s campaign is to call Bernie Sanders a “single-issue” candidate, since he has actually addressed many issues. But Michael Winship says there’s some truth in the charge because Sanders has identified Big Money as the root of many problems – and that is true. By Michael Winship Maybe it’s that 50,000-year-old,…
The twin explosions of post-9/11 national security extravagance and Citizens United political spending bonanza have reshaped Washington — not only in its political outlook but physically, with this New Class preferring lavish McMansions to show off their newfound wealth, as Mike Lofgren describes. By Mike Lofgren In 1927, H.L. Mencken rode by train through the…
