Tag «recession»

Can we handle the truth?

The International Energy Agency (IEA) released World Energy Outlook 2009 today. Even before the sham was shipped, it was exposed as a big ‘ol bucket of lies. Seems the current administration thinks Americans can’t handle the truth, so we need to apply some pressure to keep the lid on the facts. If this country’s paragon of transparency (i.e., world’s leading liar) and master of hope (i.e., wishful thinking) actually trusted the American people, perhaps we could avert chaos.

Economic dominoes continue to fall

The property of rich folks has always been more important than the lives of the poor, a fact that will continue to create misery for the “other” 99% of us until the entire industrial economy fails. Personally, I can hardly wait.

Theory and practice

I used to believe the bankruptcy of the Federal Deposit Insurance Corporation would have substantial implications. The FDIC officially ran out of money last Friday when they shuttered the usual handful of banks. When they close another handful this Friday — conveniently out of the media’s not-so-watchful eye — they’ll have exactly nothing with which to back up the deposits. Since backing up deposits in failed banks is the FDIC’s entire mission, this should cause the financial system to fail overnight.

Politics and personal responsibility

I’ve long recognized the two-party, one-ideology basis of American politics, and I was calling Barack Obama a neoconservative long before it was popular to recognize him as the Teflon President 2.0. But even I can hardly believe this tidbit from a guy I thought was pretty damned smart: From the I-cannot-believe-this-is-happening camp, Obama is appointing a Monsanto man as food safety czar. Welcome to Farmageddon, land of the free.

Truth and lies

Clinton’s Secretary of Labor Robert Reich presents the economic news in particularly stark terms. In his recent piece in Salon, he asks the question, “When will the recovery begin?” His one-word answer is dead on: “Never.”