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Books, Literature & Ideas

Pushing working people down

  • Those who are benefiting from the rotten economy are the wealthiest 20 percent of the American people, who hold upward of 85 percent of the country's wealth.
    Tell Mott's: get the scabs out of your applesauce!

James Clay Fuller, Things We're Not Supposed to Say

The true nature of the great recession is beginning to show in ways that until very recently were pretty well hidden.

Probably the most obvious example so far of how the very rich are using this economic downturn to consolidate their power is the strike by 305 hourly workers at the Mott's apple juice plant in upstate New York.

For those who are manipulating the situation, you probably can look to the the richest 1 percent of Americans, who, among their tiny number, hold more than one third of the private wealth in the United States. They're the ones with the real power, the ones who hold the deeds to key politicians and mortgages on the Republican and Democratic parties.

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Tell Mott's: get the scabs out of your applesauce! Manny Herrmann, American Rights at Work

  • Something's Rotten at Mott's
  • Tell the CEO of Mott's: Your workers are what makes your company successful. And you can't get away with screwing them over. Not on our watch!
  • Strikers at Mott’s pick up nationwide support
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Paul Volcker Slams 'Broken' Financial System, Banks, Regulators

  • Former Federal Reserve Chairman Paul Volcker scrapped a prepared speech he had planned to deliver at the Federal Reserve Bank of Chicago on Thursday (Sep 23), and instead delivered a blistering, off-the-cuff critique leveled at nearly every corner of the financial system.
  • Volcker Spares No One in Broad Critique

William Alden, Huffington Post

Paul Volcker pulled no punches Thursday (Sep 23) in a speech at the Federal Reserve Bank of Chicago, criticizing nearly all aspects of the nation's financial system, which he said is "broken."

The former chairman of the Fed and current chairman of the president's Economic Recovery Advisory Board had harsh words for banks, regulators, business schools and the larger economy. According to the Wall Street Journal, Volcker improvised the remarks, having decided not to read his prepared speech. He called for "structural changes in markets and market regulation."

Investment banks, he said, according to the WSJ, have become "trading machines instead of investment banks [leading to] encroachment on the territory of commercial banks, and commercial banks encroached on the territory of others in a way that couldn't easily be managed by the old supervisory system."

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Bleeding-Heart Republicans

  • The GOP Stands Up for Downtrodden Minority: The Super-Rich
  • The Angry Rich

Jim Hightower, Common Dreams

Submitted by Evergreene Digest Contributing Editor Thomas Sklarski

Stuart Carlson

Who says that Republican congress-critters don't care about minorities in our society? Why, at this very moment, they are pushing hard to pass a $372 billion federal program to lift the economic fortunes of just one minority group - a far more generous proposal than Barack Obama has even dared to contemplate.

The focus of the GOP's generosity is a true American minority: the richest one-tenth of one percent of our people. Living in penthouse ghettos like Manhattan's Upper East Side, this tiny minority of about 120,000 people (who have an average annual income of $8 million) would get some $3 million each over the next decade from the Republican proposal. Doesn't that just make your heart bleed with empathy?

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The Angry Rich, Paul Krugman, New York Times | NY

  • Self-pity among the privileged has become acceptable, even fashionable.
  • Third world America


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Interview With Rep. Dennis Kucinich

Almost nine years into longest war in US history, at a time when the US spends more on its military budget than the rest of the world combined and endless war seems a frighteningly realistic possibility, I spoke with Rep. Dennis Kucinich (D-Ohio), a long-time advocate for peace. Kucinich reminds us that there is another way: that through unity, persistence and a deeply necessary change in mindset, we can move toward a world in which mutual respect and global connections shape foreign policy, and the self-fulfilling prophecy of war loses its tragic momentum. He challenges us to imagine a world in which "peace is inevitable."

Maya Schenwar, t r u t h o u t

Rep. Dennis Kucinich (Jared Rodriguez / t r u t h o u t)

Maya Schenwar: Since the end of formal combat operations in Iraq, you've been speaking out against the continuing presence of US troops and increasing presence of American mercenaries there. How do you respond to those who say the continued presence is necessary for security reasons?

Dennis Kucinich: America's invasion of Iraq has made us less secure. Before the entire world we invaded a country that did not attack us - that had no intention or capability of attacking us - and that, famously, did not have weapons of mass destruction. The subsequent occupation has fueled an insurgency, and as long as we have troops there, the insurgency will remain quite alive.

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