3/3/09

Still confused about the economic crisis?

So are we.
Here is some recent confusion:

The Lazy Man's Guide to the Economic Crisis

Taking Greenspan at his word, we can surmise that one of the goals of the ruling elites is to even the global playing field by reducing the wages of hard-working Americans, by now in a desperate race to the bottom. No more discretionary income, no more annual trips to the beach. Instead, as a wage slave, chained to an ever-turning wheel of mis-fortune, stands the American worker – oblivious to the hidden hand of events even as it operates right in front of his nose.

A Banana Republic by 2012? Obama's Budget
"President Obama has presented the most irresponsible budget in US history. His fiscal year 2010 budget projects federal spending of $3.5 trillion and a federal deficit of $1.75 trillion. In other words, 50 percent of the government’s budget consists of red ink. "

Redistributionist, and That’s Just Fine

“Over the past two or three decades, the top 1 percent of Americans have experienced a dramatic increase from 10 percent to more than 20 percent in the share of national income that’s accruing to them,” said Peter Orszag, Obama’s budget director. Now, he said, is their time “to pitch in a bit more.”

Graham: Nationalizing Banks Should Be On The Table

A.F.L.-C.I.O. to Support Nationalizing Banks

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