Tag: Main Street

$6 trillion plus in public debt bought us…WHAT?

The monied interests will continue robbing us blind until we make them stop and pry our money from their cold, dead hands.

Charles Hugh Smith points out that since 2007, public debt has increased by more than $6 trillion, yet GDP has remained virtually flat.  (In constant 2005 dollars, there was zero growth.  Zero, as in 0.0.  Six trillion dollars plus is a lot of money for goose eggs.  That’s pretty much the same thing as borrowing $6 trillion plus and losing it.  No beanstalk, no golden goose, just losing it.  That $6 trillion lost in the past four years does not include the $2.3 trillion that the Pentagon lost, literally fucking lost on September 10, 2001, the day before 9/11.  But I digress.)

The filled black circles in the chart below (labeled “actual gdp”) shows our GDP “growth” as a function of our staggering increase in public debt between 2007 and 2011 (2011 GDP is projected based on our stupendous 1.8% growth rate in 2011 Q1, whereas 2011 public debt is based on the $1.6 trillion dollar increase in the deficit from 2010).  You’ll notice that public debt increases more than $6 trillion on the horizontal axis from left to right, whereas GDP does not move up noticeably on the vertical axis.  As the boys used to say in grade school, “She’s flat as a board.”


Ya gotta wonder, “What on god’s green earth happened to all that money?”  

President Obama puts Wall Street Whiners in their Place

in case you missed it …


Wall Street Wizard, Anthony Scaramucci, complained like a baby to the President yesterday:

I represent the Wall Street community. We have felt like a Piñata. […] we certainly feel like we’ve been whacked with a stick.

Waaaaaa!! ….

I bet, The 8 million people who lost their jobs (or homes) are about to …  

The Week in Editorial Cartoons – In Corporations We Trust

Crossposted at Daily Kos


This weekly diary takes a look at the past week’s important news stories from the perspective of our leading editorial cartoonists (including a few foreign ones) with analysis and commentary added in by me.

When evaluating a cartoon, ask yourself these questions:

1. Does a cartoon add to my existing knowledge base and help crystallize my thinking about the issue depicted?

2. Does the cartoonist have any obvious biases that distort reality?

3. Is the cartoonist reflecting prevailing public opinion or trying to shape it?

The answers will help determine the effectiveness of the cartoonist’s message.

:: ::

John Darkow, Columbia Daily Tribune, Buy this cartoon

DeFazio: Sacrifice 2 Jobs to get back Millions of Jobs for Americans

Pete DeFazio Slams Tim Geithner & Larry Summers  (TheYoungTurks)


Is it finally Time to Bail Out — MAIN Street ?

Wall Street HAS gotten all their Trillion Dollar Bail Out $$$$$$$$$$$$$

AND so far NOT much of it has Trickled Down to Main Street — Where it’s Most Needed!

Something ‘s got to give — and Soon!

Before Small Town America, (and Metro-America) rolls up the welcome mat, and fades into history.

300 million pitchforks.

“You are evil thieving bastards, you have reaped ungodly profits in your behemoth casino scams, then lost, only to turn around and usurp the wealth of this great nation by the outright rape and pillage of middle class Americans’ whose sweat and toil built it. The biggest ripoff in the history of the world is padding your bonus checks with the Federal Government as your co-conspirators. Every last one of you should be rotting in prison.” – American Middle Class Representative

Geithner; Gold on the Hill


copyright © 2009 Betsy L. Angert.  BeThink.org

Today, Timothy Geithner garners much attention.  Initially, when introduced on the national scene, people pondered; “Who is he?” The former President of the Federal Reserve Bank of New York has an impeccable résumé.  Some said his record speaks for itself.  Average Americans might have admired his ascendancy. Taxpayers could have appreciated that a man of his age would wish to manage the complexity of the United States coffers.   Countless may have considered the enormous challenge he accepted; yet, not comprehend, for Secretary Geithner, this may have been the plan.

Early on, Treasury Secretary Timothy F. Geithner had his sights set high.  As a child, born to an affluent, and influential family, he learned that all he desired could be his.  He saw the potential for power in political prospects.  The practicality of a profitable purpose also was apparent to Tim.  When a lad, there was no reason for Timothy to reflect on the concrete pavements beneath his feet.  Geithner would not have supposed he would work as a laborer.  Nor had he likely seen himself as one among the swarms of ordinary citizens.   His personal history may have helped him to know, he would not have to pound the streets to seek pennies for his pocket.  Unconventional as his life had been, Timothy Geithner might have imagined as others did; he was destined for greatness.