Tag Archives: fascism
Capitalism Goes Out Of Tune
Proponents of today’s world-turned-upside-down economic policies say the policies might seem wrong but really are boldly modern in their rejection of markets in favor of pervasive government intervention in economic life. Hence New York, which until eight months ago was the financial capital of the world, is no longer even the financial capital of the United States. Washington is. Continue reading
Death of U.S. Healthcare
When all of America’s top health insurers and providers met at the White House this week and pledged to save $2 trillion over the next decade in health costs, they were pledging to sabotage our medical care. The blunt truth, which everybody agreed to keep quiet, is that the only way to reduce these costs is to ration healthcare, thereby destroying our system. Continue reading
Republicans and the 'Public Option'
So Democrats have declared their willingness to use a parliamentary tactic to force a far-reaching restructuring of U.S. health care through Congress on a partisan vote. Imagine if Tom DeLay had tried to do that on, say, Social Security. Would Democrats have rolled over? Continue reading
Unafraid In Greenwich Connecticut
Fund managers have a fiduciary obligation to look after their clients’ money as best they can, not to support the President, nor to oppose him, nor otherwise advance their personal political views. That’s how the system works. If you hired an investment professional and he could preserve more of your money in a financial disaster, but instead he decided to spend it on the UAW so you could “share in the sacrifice”, you would not be happy. Continue reading
April Employment Report Showers Doubt on Detroit Bailout
The Obama Administration has used its clout to pressure many of Chrysler’s creditors to take large losses on their holdings while protecting the United Auto Workers (UAW). This will make lenders reluctant to extend secured loans to other heavily unionized companies, further aggravating the problem of unionized companies losing more jobs than non-union companies because they invest less. The weak job market shows that this is no time to manipulate the financial system to reward politically favored interest groups. Continue reading
Six Things You Should Know About the Homeland Security Report on ‘Rightwing Extremism’
My guess is that the sentiments revealed in the report I read are the tip of an iceberg that the DHS would prefer to keep submerged until it needs to reveal it. This iceberg is the heavy-hand of government; a government with large and awful eyes, in whose heart there is no love for freedom, and on whose face there is no smile. Continue reading
