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The great era of US economic growth was the postwar generation; even during the good years of the 90s we didn’t achieve comparable growth, and overall, the post-Reagan era was marked by slower growth than the equivalent period of time pre-Reagan. And I haven’t even gotten into the income distribution thing. All of which makes… Continue reading Untitled

Chris Hedges: Why I’m Suing Barack Obama

Chris Hedges: Why I’m Suing Barack Obama

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America is both especially unequal and has especially low mobility. But he also argues that because we are even more unequal now than we were a generation ago, we should expect even less social mobility going forward. Very illuminating — and disturbing. (via The Great Gatsby Curve – NYTimes.com) Wow. This looks awful.

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as just two recent examples, both Republican New Jersey Gov. Chris Christie and Chicago Mayor Rahm Emanuel have championed massive cuts to public education while sending their kids to private school. America’s dangerously removed elite – Salon.com

Zoologger: Unique life form is half plant, half animal

Zoologger: Unique life form is half plant, half animal

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is there anything at all in Romney’s stump speech that’s true? It’s all based on attacking Obama for apologizing for America, which he didn’t, on making deep cuts in defense, which he also didn’t, and on being a radical redistributionist who wants equality of outcomes, which he isn’t. When the issue turns to jobs, Romney… Continue reading Untitled

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what the story of Romney and the auto bailout actually shows is something we already knew from health care: he’s a smart guy who is also a moral coward. His original proposal for the auto industry, like his health reform, bore considerable resemblance to what Obama actually did. But when the deed took place, Romney… Continue reading Untitled

Maybe Fair Trade Cotton Isn’t Growth By Child Slaves After All

Maybe Fair Trade Cotton Isn’t Growth By Child Slaves After All

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Leaving the payroll tax intact and reducing Social Security benefits for higher-income seniors is, in effect, an increase in marginal tax rates but it was clear from the discussion at this morning’s GOP Presidential debate that few Republicans see it this way. Still, it’s true. The way Social Security works is that you pay taxes… Continue reading Untitled