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Gary Edwards

Neil Barofsky, Matt Stoller, and Your Humble Blogger on Why the Mortgage Sett... - 0 views

www.nakedcapitalism.com/...mortgage-settlement-sucks.html

Banksters Obammunism Obama-foreclosures

shared by Gary Edwards on 18 Mar 12 - No Cached
  • Gary Edwards on 18 Mar 12
     
    Two interview videos explaining the Obama Bankster Mortgage Settlement:  the first is with Yves Smith of Naked Capitalism.  The second is a Bloomberg interview with Neil Barofsky and Matt Stoller providing a nice high-level overview of why the mortgage settlement is terrible. It's particularly useful if you are looking for a few key issues to present to someone who has bought the Obama administration PR or is late to the topic.  Don't miss the property rights comments at the end of the Bloomberg interview.  Or should i say, former property rights?   the repercussions of the Obama Mortgage and Foreclosure assistance settlement promise to be far reaching and lasting.  And you thought the 14th Amendment changed the legal definition of property rights?  Watch out for this Marxist prize.
Gary Edwards

Matt Stoller: Why Ron Paul Challenges Liberals « naked capitalism - 1 views

www.nakedcapitalism.com/...-paul-challenges-liberals.html

Matt-Stoller Ron-Paul Libertarians

shared by Gary Edwards on 03 Jan 12 - No Cached
  • Gary Edwards on 03 Jan 12
     
    Incredible.  
Paul Merrell

For All the Hype, the Uninsured Rate Is the Same As It Was At The Beginning of Obama's ... - 0 views

www.washingtonsblog.com/...ate-beginning-obamas-term.html

Obamacare uninsured-rates

shared by Paul Merrell on 10 Apr 14 - No Cached
  • Obamacare Is All Hype Progressive writer Matt Stoller tweets: For all the hype, the uninsured rate is the same as it was at the beginning of Obama’s term Stoller links to a new Gallup poll which finds: The uninsured rate is now at the lowest level recorded since late 2008.
  • Paul Merrell on 10 Apr 14
     
    See also the graph on the linked page.
Paul Merrell

40 Years of Economic Policy in One Chart » CounterPunch: Tells the Facts, Nam... - 0 views

www.counterpunch.org/...f-economic-policy-in-one-chart

economy class warfare productivity income wealth-transfer

shared by Paul Merrell on 16 Jan 15 - No Cached
  • Growth of Real Hourly Compensation for Production/Nonsupervisory Workers and Productivity, 1948–2011
  • Is America in the throes of a class war? Look at the chart and decide for yourself. It’s all there in black and white, and you don’t need to be an economist to figure it out. But, please, take some time to study the chart, because there’s more here than meets the eye. This isn’t just about productivity and compensation. It’s a history lesson too. It pinpoints the precise moment in time when the country lost its way and began its agonizing descent into Police State USA. That’s what it really means.
  • Did you know that inequality has actually gotten worse under Obama? Much worse. It’s true. He might proclaim his determination to “tax millionaires” in one of his blustery orations, but it’s all just rhetorical fakery. The fact is, the 1 percenters have done better under Obama than they did under Bush. Check this out from Naked Capitalism:
  • ...3 more annotations...
  • Are we there yet? Pretty close, I’d say. The only way to preserve democracy is by keeping one hand firmly clasped around the windpipe of every rich bastard in the country. If you can’t keep your tycoons in check, you’d might as well throw in the towel and accept a life of indentured servitude now, because that’s where you’re headed anyway. Here’s a short rundown of the changes that took place in the ’70s by economist Lawrence Mishel:
  • Yup, under Bush, the 1% captured a disproportionate share of the income gains from the Bush boom of 2002-2007. They got 65 cents of every dollar created in that boom, up 20 cents from when Clinton was President. Under Obama, the 1% got 93 cents of every dollar created in that boom. That’s not only more than under Bush, up 28 cents. In the transition from Bush to Obama, inequality got worse, faster, than under the transition from Clinton to Bush. Obama accelerated the growth of inequality.” (Growth of Income Inequality Is Worse Under Obama than Bush, Matt Stoller, Naked Capitalism) 93 cents of every buck has gone to the 1 percenters under Obama. And you wonder why Wall Street loves this guy? It’s because he’s bent over backwards to make them richer, that’s why.
  • But as bad as Obama may be, the problem didn’t start with him. It goes back decades as the first chart indicates.
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