It isn’t even close to Halloween but this post should spook you.
Why would I try to scare you? Can’t it wait until the end of October? No. I’m funny that way.
Just saying the word economics causes most people’s eyes to glaze over. Actually finding out what is going on in the economy has the opposite [...]

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Today, speaking of the bonuses, Obama says, “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.”
Not that long ago he was calling those bonuses obscene and shameful.
Which is it?
Larry Summers was in full support of anything that the Wall Street casinos wanted. Tuesday he [...]

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Despite what some may think, I was not around for the Dred Scott decision. That aside, I had comforted myself that the Supremes could not make a worse ruling than the one that gave us Bush the lesser.
I was wrong, horribly so.
We are now the only developed country in the world that allows corporations to [...]

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Why are we being punished for being good?
Have we weathered the economic meltdown? Have we survived? How are you doing? Is it over?
Unemployment continues to rise. Foreclosures continue to increase. Foreclosure rates are expected to increase. Small- and medium-size businesses still can’t borrow to expand or even purchase inventory. The Wall Street casinos are up [...]

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Have you heard? The economy is in the tank.
Have you heard? Unemployment is in the double digits.
Have you heard? Congress wants to give themselves a pay raise.
Your Congressman needs that money more than your piggy bank does. You would just spend it on something silly, such as food, shelter, clothing, medicine or some other essentials.

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I saw thousands of sheep on my recent trip to the Highlands of Scotland. Most were just grazing on the hillsides. A few were being herded, by border collies, men or both.

If I had more time I would have stopped and asked them if they really wanted to be herded to the slaughterhouse. They, [...]

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The CEO of Goldman Sachs, Lloyd Blankfein, claims that he is doing God’s work. Has God retired? Is God not upset with Lloyd for causing his 401K to tank?
Wouldn’t you like to get a peek at God’s portfolio? Such gems of wisdom from one of the Masters of the Universe generates lots of questions.
If Goldman [...]

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Please don’t be offended by the graphic. I am just offering to lead you through a little bit of a jungle where even the self-proclaimed Tarzans are lost.
There are many others out there that insist you put your trust in them. They are dangerous in their hubris.
They are either economists or other putative experts on [...]

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Bill Moyers is one of the few serious, informative journalists on television.
Rather than have you labor over my writing, I’m giving you a break.
The bulk of this post consists of several paragraphs of transcript from tonight’s Bill Moyers Show on PBS. There is also a couple of minutes of video from tonight’s show.
Be appreciative of [...]

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President Obama is a politician. He is a Constitutional expert but, by and large, he is a generalist.
Being a Constitutional scholar comes in handy in the Congress and on the Supreme Court. It’s not necessarily a bad thing in the Oval Office but being a generalist can be a positive. It can also bring disaster.
A [...]

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