ECONOMY

American Satisfaction Down to Seventeen Percent as Year Ends

The Economy and Jobs Named as Most Important Problems Only 17 percent of Americans say they are satisfied with the way things are going in the United States at this time, and for good reasons, according to the latest Gallup poll on the subject. This marks a low point in a year when satisfaction levels…

Republican Governors Blow Off Money for Green Jobs?

In two states where workers are desperate for jobs — Wisconsin, where the jobless rate is 9.4 percent, and Ohio, where it’s 9.9 percent — the incoming governors rejected $1.2 billion in federal funding for high-speed rail projects, which would have created tens of thousands of good jobs. Republican Governors-elect Scott Walker (Wis.) and John…

Senator Bernie Sanders to Lead Opposition to Tax Cut Deal

Strange Bedfellows: Socialist Senator Joined by Tea Party Representatives Visit msnbc.com for breaking news, world news, and news about the economy The Christmas Tax Fight Continues Vice President Biden Tells House Democrats the Tax Cut Deal is Set in Stone? Who’s Right: Obama or the ‘Base’?

The Shock Doctrine Short Film Now on Cable

Klein Alleges U.S. Used ‘Shock’ Tactics to Privatize Public Sector “The connections are daring in journalist Naomi Klein’s new book, The Shock Doctrine, but the result is convincing,” according to William S. Kowinski of the San Francisco Chronicle. “With a bold and brilliantly conceived thesis, skillfully and cogently threaded through more than 500 pages of…

Karl Rove Says There’s No Climate Change?

Millions of Us Way Smarter Than Rove Disagree Allan Lichtman from Climate Challenge on Vimeo. History professor, author and international political commentator Dr. Allan Lichtman is interviewed by Karyn Strickler about the urgent need to get off the fossil fuel economy for our climate, our economy, our national security, our health and our children. Related…

Inmates Take Over the Asylum in Political Bloodbath

POLITICAL ANALYSIS by Glynn Wilson The inmates took over the political asylum on Tuesday as a flood of bitter tea spilled all over the American landscape like a bloodbath, leaving the poor and the foundering middle class even more at the mercy of the rich and powerful, including corporations that now dominate life in the…

Poor But Proud: Voting to Remain Poor Still Plagues the South

The Big Picture by Glynn Wilson The news could not be any worse. I honestly wish there was some good news to report. Sorry to say, there’s not any. Well, the Crimson Tide did manage to pull out a victory over Ole Miss in Tuscaloosa on Saturday, football being about the only thing worth mentioning…

Chamber of Commerce CEO Openly Advocates Outsourcing Jobs Overseas

The CEO of the U.S. Chamber of Commerce, Thomas J. Donohue, says on CNN that outsourcing jobs overseas is good? “I urge American companies to send jobs overseas. Stop whining,” he said. “The benefits of offshoring jobs outweighs the cost.” This is the same Chamber of Commerce that is raising secret corporate cash to run…

‘Inside Job’ Film Exposes Shocking Facts About Economic Crisis

From Academy Award nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with…

Americans Blame Bush More Than Obama for US Economic Problems

While 50 percent of Americans say they blame President Barack Obama “a great deal” or “a moderate amount” for the current economic problems, up from 32 percent last year, significantly more — 75 percent — blame former President George W. Bush, according to the Gallup Poll. Proportionally, the gap in perceived culpability for current economic…

OpEd News Interviews Glynn Wilson on Obama and Change

Locust Fork News-Journal editor and publisher Glynn Wilson was interviewed Thursday by the OpEd News on the first year of Barack Obama’s presidency and the subject of change. Here’s the blurb and link. It’s only been a year since we got rid of Bush. Y’all remember W, the worst president in history, right? So yeah,…

The American Dream Destroyed

Unbridled Greed at Goldman-Sachs Visit msnbc.com for Breaking News, World News, and News about the Economy If there is an issue the American people should become informed about, regardless of political party affiliation or philosophy, it is the extent to which the greedy money managers at the nation’s big banks are destroying the middle class…

U.S. Capitalism Called into Question

by Glynn Wilson Editor’s Note: Why is it that in the United States of America, where free speech is part of our national psyche as well as the Constitution, and the most successful style of democracy in the history of the world was created, the debate on TV and in the nation’s news media seems…

$700,000,000,000.00

The Bush Administration sent a $700 billion plan for a U.S. government bailout of bad mortgage debt to Congress on Saturday, seeking extraordinary authority as it tackles the worst financial crisis since the Great Depression. Democratic lawmakers, who control both houses of Congress, said they hoped to approve the bailout quickly but wanted changes such…

Tax Bailout Doomed to Fail

Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by summer, hoping they will spend the money just as quickly and jolt the ailing economy to life. How that is supposed to help the economy between now and then is unclear, except…

Black Tuesday Coming As Stocks Crash Worldwide

The Tuesday after the Martin Luther King holiday promises to be a very black Tuesday, as stocks fell sharply worldwide Monday following declines on Wall Street last week and amid investor pessimism over the U.S. government’s weak stimulus plan to prevent a recession. U.S. markets were closed for Martin Luther King Jr. Day, but the…

Apocalyptic Times And The Economy

We seem to be living in apocalyptic times, the New York Times reports. On NBC’s “Revelations,” Bill Pullman and Natascha McElhone seek signs of the End of Days. In the Senate, gray-haired eminences speak of the “nuclear option.” The doomsday theme is seeping into the normally circumspect world of economics. In April, Arjun Murti, a…