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Opposition to the bailout was driven, in part, by the recognition that nationalization of an industrial enterprise is an open invitation to mismanagement and bad public policy. You could easily imagine a scenario in which the Obama administration made its partisan political objectives a key management priority at Government Motors. Alternatively, you could easily imagine… Continue reading Untitled

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The world’s largest commodity trader, Goldman Sachs told its clients that it believed speculators like itself had artificially driven the price of oil at least $20 higher than supply and demand dictate. They even admitted that their work to drive up prices has harmed the American economic recovery Goldman Sachs Admits Record Speculation To Blame… Continue reading Untitled

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Less than 1 percent of registered voters turned out for Maine’s caucus. In Nevada, where Republican turnout was down 25 percent from 2008, only 3 percent of total registered voters participated. This is not majority rule by any measure; it barely qualifies as participatory democracy. The Electoral Wasteland – NYTimes.com

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Most of Western Europe today is both more equal in incomes and more economically mobile than the United States. And it isn’t just Western Europe. Countries as varied as Japan, New Zealand, Singapore, and Pakistan all have higher degrees of income mobility than we do. A nation that prides itself on its lack of class… Continue reading Untitled

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owsposters: Nick Hanauer on Corporate Profits Download the poster pack Source of quote Author’s note: Historically, no movement for change that originated from below succeeded without at least some allies at the top. Ever, ever, ever. This is true across the board of history. Think about it. Recount in your mind historical events such as… Continue reading Untitled

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on average, conservative states feature more “dependency” on federal programs than do liberal ones. You can slice this kind of data in a variety of ways, but you always end up with the same aggregate pattern. (via How Blue America Subsidizes Red America)