Chuck Spinney: Obama’s Failure of Intelligence & Integrity

My friend Jeff Madrick, and old fashioned liberal democrat in the best sense of the term, has penned a pithy analysis of the anti-empirical madness now dominating the contemporary American political economy.  Jeff concludes that the Right ignores its track record, particularly regarding the clear economic effects of tax cuts, and is rarely challenged on …

US Government Bails Out and Pardons Wall Street, Sends Barry Bonds to Jail–What’s the Difference?

Barry Bonds Faces Jail Time While Wall Street Execs Sit Pretty What’s the difference between Barry Bonds and Goldman Sachs executives? The later was fortunate enough to be questioned by incompetent lawmakers while Bonds ended up in a courthouse with an actual jury and prosecutors. . . . . . . “The Goldman guys  may …

Matt Taibbi: The Real Housewives Of Wall Street–How Morgan Stanley Wives Christy Mack & Susan Karches Ripped Off Taxpayers In Geithner-Bernanke Bailout Scheme

Illustration by Victor Juhasz In another era, we would see Congressional hearings on this matter within days. Darrell Issa and Spencer Bachus are now on the clock. We have but one comment – Audit the Fed – Sign the Petition Immediately! By Matt Taibbi For Rolling Stone Why is the Federal Reserve forking over $220 …

US Goverment 2011 Revenue, Costs, & Debt–Two Party Tyranny Lies Straight Up, Media Goes Along

UPDATED 29 May 2011 to add top-level link: Seven Promises to America–Who Will Do This? Let’s start with the state of inequality in the USA today–the concentration of wealth would make Hitler proud.  The middle class is the Jews, the blue collar class is the working Poles (the ones allowed to live), and Congress is …

Search: cost of corruption + Corruption RECAP

The discussion of corruption–and the urgency of reasserting integrity–permeates this website. Here are a general comment and a few links. General comment: Corruption consists of a lack of integrity, which in turn is not just about dishonesty, but about a failure to achieve transparency, truth, trust, and accurate feedback loops.  The cost of corruption, calculated …

General Electric 2010: No Taxes, Claimed 3.2B Credit

But Nobody Pays That G.E.’s Strategies Let It Avoid Taxes Altogether By DAVID KOCIENIEWSKI The New York Times, March 24, 2011 General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the …