October 14, 2009 archive

It’s Official: CBPP calls Tax Cuts a Boon to Top 1%

The Center on Budget and Policy Priorities economists just confirmed the trends of the last 8 years — Most of the the Economic Gains went to the very Wealthy, while the rest of us struggled to just get by


Income Concentration in 2007 Was at Highest Level Since 1928, New Analysis Shows

By Avi Feller and Chad Stone – September 9, 2009

Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928, according to an analysis of newly released IRS data by economists Thomas Piketty and Emmanuel Saez.

During those years, the Piketty-Saez data also show, the inflation adjusted income of the top 1 percent of households grew more than ten times faster than the income of the bottom 90 percent of households.

Overnight Caption Contest

“It Takes a Pillage…” [updated with links]

[New! Improved! Now with actual links to the full article (duh-oh!) ]

So I was reading this article, got pretty upset, and figured y’all should know about it.

Published on Tuesday, October 13, 2009 by The Daily Beast

Paulson’s Revealing Phone Records

While the economy was crashing last year, exclusively analyzed telephone records reveal the ex-Treasury secretary was talking far more to Obama and Geithner than Bush and McCain.

by Nomi Prins

Timothy Geithner’s just-released phone records caused quite a stir last week-specifically, the absurdly small Wall Street circle Obama’s Treasury secretary has consulted during one of the most critical economic periods in U.S. history. Yet as Winston Churchill once said, “The farther backward you can look, the farther forward you are likely to see.” Understanding the situation we’re now facing requires an examination of how things went down among him, former Treasury Secretary Hank Paulson, and the most influential financial titans on the planet, during the bailout and bank landscape carve-out period.

So, I spent a fair portion of the weekend digging through 415 pages of Paulson’s calendar-which has received almost no scrutiny compared with the Geithner logs-during the seven most critical financial crisis months (March, 2008 and August 2008 through January 2009). August through October 2008 were particularly packed, encompassing 237 pages worth of calls. Categorizing these records by incoming and outgoing, individual and conference, calls per day and month, during that crucial period, I also crosschecked them against Geithner’s calendar.

The information doesn’t come in ready-made easy-to-digest classifications, but combing the logs reveals four interesting facts:…[giant snip]

Continued below.

In My Cold Dead Arm News

You are either with us or against us.  Sound familiar?


The US Fish and Wildlife Service has a SWAT team?  Two years in the Federal Pen for what, an orchid?


Global warming, the greatest scam of our age.


And yes man does play with the weather.


Planned recession coul avoid catastrophic climate change


The shot is the pandemic!


What the elite really think of us.  The why is here.


This one shows how there is big money to be made simply by studying just how stupid we are.


William Reich was a student of Sigmund Freud.  This is one of Reich’s best work.


Load more