Tag Archives: Joseph Stiglitz

Did Obama not get it?


Why wasn’t job creation the president’s No. 1 priority when he took office? Why didn’t he make a serious, steady effort to get the real economy back on track? Did he really think the bailed-out banks — the banks that … Continue reading

Posted in campaign finance reform, Congress, economic collapse, finance reform bill, Goldman Sachs, Great Recession, mid-term elections, Obama, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , | 3 Comments

Will the circle jerk of one-percenters be broken?


Members of outlaw motorcycle gangs used to call themselves “one-percenters,” meaning they were in the tiny minority of Americans who are unabashed sociopaths. However, when we hear “one-percenters” these days, the reference usually is to establishment types who are obscenely … Continue reading

Posted in Congress, economic collapse, Goldman Sachs, Great Recession, Occupy Wall Street, Politics, The New Depression, unemployment, Wall Street | Tagged , , , | 1 Comment

Sound and fury, signifying status quo


Joseph Stiglitz, a few months ago in Vanity Fair: The more divided a society becomes in terms of wealth, the more reluctant the wealthy become to spend money on common needs. The rich don’t need to rely on government for … Continue reading

Posted in Congress, economic collapse, Great Recession, mainstream media, Obama, Politics, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | Leave a comment