In his seminal book, Friendly Fascism, published in 1980, political scientist Bertram Gross predicts that a future America would be one where power elites continually dominate America’s government, specifically through corporatocracy and a light fascism. He writes: “[R]eform measures provide a means of siphoning up political power. Where they involve new benefactions or new regulations, […]
Author Archives: S.J. Kerrigan
Why Do We Need an Infrastructure Bank? To Help the Corporatocracy of Course!
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The College Bubble Comes in to Focus
As the housing bubble expanded, it was common to hear the media pound the table praising the benefits of owning a home. “It’s the most important investment in your life. It’s the American Dream. After all, it’s land and they’re not making it anymore.” You don’t hear that so much these days. A home isn’t […]
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JP Morgan Reveals The Real Purpose of the Obama Jobs Plan
Courtesy of Zero Hedge, JP Morgan has a “preview” of what will happen as a result of the jobs plan. They note, “All in all, we anticipate that little will come out of tomorrow’s speech to make us re-think the near-term outlook.” But what stuck out at us was what they view as the real […]
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Today is the Single Worst Day for Economic Reports Since 2008
A hell of a lot of bad news just got dumped on us, so lets take a look at what’s going on and whether the likelihood of recession has increased substantially or not.
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Dylan Ratigan is Mad As Hell, Are You?
He’s got it. Watch and share this. Joe Weisenthal called it “epic.” Naked Capitalism is calling it “pretty remarkable.” The Atlantic called it a “Howard Beale moment.” This is a call to arms. We need this and a lot more of it.
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Michael Hudson On How The Debt Plans Are A Distraction
Most posts on this site involve original reporting and commentary, but when something comes along that’s important enough to be spotlighted, we can’t ignore the work others are doing when they so closely align with the narratives we promote. These days, things are rarely as they seem in the nation’s capital. Secrets plans, betrayals, subterfuge and conspiracy are […]
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Treasury Sec Geithner: Derivatives Exposure is $600 Trillion
Timothy Geithner has an editorial out today in the WSJ. It’s pretty much total BS as you are no doubt suspected, but there is one thing that stuck out at me. Here’s the section: “…banking regulators have outlined the major elements of reforms to bring oversight, transparency and greater stability to the $600 trillion derivatives […]
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Republicans Defunding the SEC Means Higher Deficits
There’s an amusing story on the SEC from the New York Times out today. Republicans are cutting its budget back to 2010 levels after a short increase this year in preparation for the 2012 budget. While a deficit hawk might think that sounds somewhat reasonable or at least justifiable considering the government’s recent focus on […]
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Is There Any Money Left in the Social Security Trust Fund?
Most of us in the under 40 camp suspect that Social Security will not be there for us when we retire, at least not to the degree it is there for retirees now. This is as good a time as any to review the state of the Trust Fund and it’s feeasability for future generations. […]
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Goldman Sachs: Q4 2012 Unemployment Projected at 8.8 Percent, Recession Possible
Not long ago I noticed that manufacturing and some import/export data had come in significantly below expectations, enough to warrant a downward revision in Q2 GDP. Well, the results are coming in now and they’re pretty damning. Goldman’s out with a report today predicting it at 1.5 percent, down from the 1.8 percent originally predicted […]
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