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Special Project | America's Financial Crisis: Week of November 6

Sun, 11/06/2011 - 15:21 — Dave Culver
Section(s): 
Economics

5 New Items including:

  • The 1 percent: How lucky they are
  • GOP flips on job creation for defense
  • Reagan Insider Stockman: 'GOP Destroyed US Economy'
  • Paul Krugman | Phony Fear Factor
  • Crony Capitalism Comes Home

David Culver, ed., Evergreene Digest

Mike Keefe

Reagan Insider Stockman: 'GOP Destroyed US Economy', Paul B. Farrell, MarketWatch
Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."

The 1 percent: How lucky they are, Greg Breining, Minneapolis (MN) Star Tribune
The top 1 percent of Americans control about 40 percent of the nation's wealth.

Paul Krugman | Phony Fear Factor, Paul Krugman, New York (NY) Times

  • Republicans, aided and abetted by many conservative policy intellectuals, are fixated on a view about what's blocking job creation that fits their prejudices and serves the interests of their wealthy backers, but bears no relationship to reality.
  • Crony Capitalism Comes Home

GOP flips on job creation for defense, Donna Cassata, Associated Press/San Francisco (CA) Chronicle
The same Republicans who insist that federal spending doesn't create jobs and should be cut in the face of staggering deficits are leading the charge against smaller military budgets because about a million defense jobs would be lost.

Crony Capitalism Comes Home, Nicholas D. Kristof, New York (NY) Times

  • The threat to our capitalist system is not coming from half-naked anarchists manning the barricades at Occupy Wall Street protests. Rather, it comes from pinstriped apologists for a financial system that glides along without enough of the discipline of failure and that produces soaring inequality, socialist bank bailouts and unaccountable executives.
  • It’s time to take the crony out of capitalism, right here at home.


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