Here is another book by Thomas Frank that explores the crazy political and economic situation we are in now. Frank deftly explains how after the 2008 economic crash many people expected a return to Keynesian economics. You know John Maynard Keynes, he basically said that in order to have a strong economy the common folk have to remain employed in order to in turn have the money to spend to pump up the economy and create economic growth. This has to be done at all costs, even if the federal government has to be the employer of last resort, creating jobs where the private sector just won't. Of course the government would have to tax the wealthy to pay for all this, and this has now become a taboo topic.
What happened after 2008 was pretty much the opposite the bailout was a supply side solution basically giving money to banks and other financial institutions that were too big to fail. This of course never trickled down to the common folk an we still have high unemployment today.
Frank illustrates how adamantly the right-wing yahoos and the wealthy wan to keep the United States on the same course of tax cuts for the wealthy, a government that is shrunk down into an ineffectual peanut, and big business given a wide berth to do what every the hell it wants.
Recently the Huffington Post had a blended picture of George W. Bush and President Obama calling him George W. Obama to illustrate how the Obama administration is pretty much just a continuation of the Bush administration. Obama certainly wasn't the agent of change he promised to be. So are Titanic of an economy is not getting turned around we are just headed for the same iceberg over and over again.
I wish more people would read Frank's book. You can buy a copy from Amazon.com here:
Pity the Billionaire by Thomas Frank.
Saturday, June 29, 2013
Wednesday, June 26, 2013
Recommended reading: "The Wrecking Crew" by Thomas Frank.
I am going to try to recommend books on this blog since there are many people who can understand and explain the predicament the United States is in much better than I can. Even if you do not want to read my stupid blog, you should really check-out the authors that I will be recommending as required reading.
I am not a professional writer, I am not a professional anything really. I am a poor working schlub who is disheartened by the current economic decline and how the wealthy bullies of the world have stacked the cards of the game of life against us.
I wanted to start a blog because I felt that not enough people are talking about these issues and the corporate controlled media is disturbingly silent about the causes of our economic decline.
Also I felt that there are not enough people who are looking to help working class people and/or shine a light on the devious right-wing activities that have the United States as we know it on a path to ultimate destruction.
I have found an author who is trying to do just that, it is Thomas Frank. And the only talk show that I have seen him on is on Bill Moyers Journal on PBS. I wonder why he is not on more main stream talk and news shows.
In his book "The Wrecking Crew," Frank describes how the wealthy corrupt government with their money and then turn around and complain that the government is corrupt and must be reduced in size or come as close as possible to be eliminated altogether. Ronald Regan and the two Bushes ran up big spending deficits, cut taxes on the wealthy and then complained that government spending was out of control and big government needed to be reigned in. And as James Carville put it, "The rich want small government for the same reason criminals want fewer cops on the street, so they can get away with murder. [This quote I got from the Internet and is probably paraphrased]"
Frank goes on to explain how the lobbyists of Washington DC's K Street are the ones who are truly running the United State government and through this abuse of the constitutional rights America has become a plutocracy.
He also tells of the horror story of Saipan, a small island that is a United States territory. In the 1990's was turned into basically a corporate controlled labor camps where guest workers had no rights and extremely low wages. And all to keep the "Made in America" label on clothing. The factories were eventually shut down for humanitarian reasons. I believe what happened in Saipan is what the rich have planned for all American citizens eventually.
You must read this book is order to see the horrors that right-wingers like John Boehner have planned for us. Even if you do not care for my blog, Please read this book. The link to purchase it from Amazon is below:
Buy a Copy of "Wrecking Crew" from amazon.com
I am not a professional writer, I am not a professional anything really. I am a poor working schlub who is disheartened by the current economic decline and how the wealthy bullies of the world have stacked the cards of the game of life against us.
I wanted to start a blog because I felt that not enough people are talking about these issues and the corporate controlled media is disturbingly silent about the causes of our economic decline.
Also I felt that there are not enough people who are looking to help working class people and/or shine a light on the devious right-wing activities that have the United States as we know it on a path to ultimate destruction.
I have found an author who is trying to do just that, it is Thomas Frank. And the only talk show that I have seen him on is on Bill Moyers Journal on PBS. I wonder why he is not on more main stream talk and news shows.
In his book "The Wrecking Crew," Frank describes how the wealthy corrupt government with their money and then turn around and complain that the government is corrupt and must be reduced in size or come as close as possible to be eliminated altogether. Ronald Regan and the two Bushes ran up big spending deficits, cut taxes on the wealthy and then complained that government spending was out of control and big government needed to be reigned in. And as James Carville put it, "The rich want small government for the same reason criminals want fewer cops on the street, so they can get away with murder. [This quote I got from the Internet and is probably paraphrased]"
Frank goes on to explain how the lobbyists of Washington DC's K Street are the ones who are truly running the United State government and through this abuse of the constitutional rights America has become a plutocracy.
He also tells of the horror story of Saipan, a small island that is a United States territory. In the 1990's was turned into basically a corporate controlled labor camps where guest workers had no rights and extremely low wages. And all to keep the "Made in America" label on clothing. The factories were eventually shut down for humanitarian reasons. I believe what happened in Saipan is what the rich have planned for all American citizens eventually.
You must read this book is order to see the horrors that right-wingers like John Boehner have planned for us. Even if you do not care for my blog, Please read this book. The link to purchase it from Amazon is below:
Buy a Copy of "Wrecking Crew" from amazon.com
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