Darrell West: Michael Lewis on Why Inequality is Bad for Billionaires

Hope you saw author Michael Lewis’s article in The New Republic on how great wealth encourages bad behavior among the rich Extreme Wealth Is Bad for Everyone—Especially the Wealthy. He writes that “a body of quirky but persuasive research has sought to understand the effects of wealth and privilege on human behavior … one study …

SchwartzReport: Bill Moyers and Michael Winship on Government as a Protection Racket for the 1%

A democracy cannot long survive when its citizens perceive the government to be against their best interests Government = Protection Racket for the 1 Percent BILL MOYERS and MICHAEL WINSHIP – Bill Moyers.com EXTRACT PewOur now infamous one percent own more than 35 percent of the nation’s wealth. Meanwhile, the bottom 40 percent of the …

John Steiner: Bob Burnett – New Declaration of Independence

A New Declaration of Independence Bob Burnett Berkeley writer, retired Silicon Valley executive The preamble of the United States Declaration of Independence declares: “…whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter and abolish it, and to institute new Government.” Occupy Wall Street is an …

Review (Guest): Confidence Men – Wall Street, Washington, and the Education of a President

Ron Suskind From Product Description: The new president surrounded himself with a team of seasoned players—like Rahm Emanuel, Larry Summers, and Tim Geithner—who had served a different president in a different time. As the nation’s crises deepened, Obama’s deputies often ignored the president’s decisions—“to protect him from himself”—while they fought to seize control of a …

Economic Double-Dip Predicted–and Concealed

Patrick McConnell: Government of Deceit–A sobering analysis… • The “entitlement programs” have an unfunded liability of greater than $104 trillion. Your share is $367,000. (Every man, woman and child owes the same.) • At the end of 2009, $3.2 trillion of the $12.9 trillion National Debt was spent, but never on the government’s general budget. …