The Republican "end game" would be everything owned by big corporations not necessarily aligned with nations as entities but freely enriching shareholders from anywhere avoiding tax as their earnings are processed where there are no taxes. If these mega corporations are able to employ everyone for a pittance then we are buying into a return …
Category: Economic stimulus
It’s a stupid economy
While the rich executives of bailed out banks get enormously richer they are laying off staff the bank can not afford to keep. The award of ridiculously huge bonuses is justified by a government scared that these talented market manipulators will go and work overseas. The lack of any real wage growth for the broad …
Faith vs Confidence
...it is not so much an economic crisis but a crisis of confidence in the frightening mathematics. Financial instruments and currency are a form of instant contract - they assume faith - but the gambler, the criminal, the banker - they lose the concept of money as value as they are no longer participating in …
Stimulus Irony
...the very quickly bailed out financial institutions see hope in the fact that people may stay in their jobs through the progress of the crisis their inventions created. That they have confidence in the bailout - that the fruits of capital investment are given a little kick by putting money in the hands of their …