krebscycle

Category: Uncategorized

  • The Supreme Court’s Campaign for the Republican Party

    In 2000, the Democrats win a decisive victory in the Presidential popular election and clearly were the intended choice of a majority of voters in Florida. The GOP majority on the Supreme Court violates all precedent and invokes the 14th Amendment which was intended to protect the rights of black…

  • All that’s left melts into air: How the left became part of the right

    This post has been incorporated into an even better one ! Who could have expected Revolutionary Marxist Professor Cornel West, a brilliant scholar who combined hip-hop with Marx and Sartre, to say of President Obama “He has a certain rootlessness, a deracination”?  DERACINATION?!! Comrade Brother West went on to  lament…

  • Geithner and his pseudo liberal critics

    Gretchen Morgenstern of the NYTimes joins the list of people writing critical summations of Geithner’s term at Treasury as if the economy consisted only of Wall Street banks and as if the major proposition of  neoclassical economics was self-evidently true instead of being clearly false: For everyday Americans, his major…

  • Were the Savings and Loan Prosecutions all of that?

    Were the Savings and Loan Prosecutions all of that?

    1982 ’‘All in all I think we hit the jackpot.“ Ronald Reagan in the Rose Garden after signing the bill deregulating Thrifts and Savings and Loans and 2010 If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These…

  • In defense of Goldman-Sachs, sort of: PBS Frontline II

    The Frontline PBS “expose” of the financial crisis has an indignation set-piece on everyone’s favorite villain Goldman Sachs and their cartoon bad guy CEO Lloyd Blankfein. It’s worth a look just to see why so many of the “obvious” fraud prosecutions that journalists, pundits, and grandstanding politicians yell about are…

  • PBS Untouchables is unbelievably naive on the financial crisis

    The producers of the PBS “expose” on the Financial Crisis are at their most hapless when they allow GOP Senator Chuck Grassley to pretend to be outraged by the lack of prosecutions after the financial crisis. Grassley has spent 30 years in the Senate, he was the Chairman of the…

  • Simon Johnson and the Libertarian Critique of Geithner

    Much of what has been billed “criticism from the left” of the Obama Administration ( or criticism from the progressive point of view) has actually been criticism from the Libertarian point of view.  Like every other “progressive” who has attempted to write an obituary for Tim Geithner’s term as Treasury…

  • Dear Progressives: Keynes was not a supporter of GW Bush

    Absolutely nothing in Keynes work implies that reducing government spending  and/or  reducing the government deficit necessarily  reduces economic activity. The so-called liberals or progressives who keep claiming otherwise are confusing themselves.  For example, the government spent $122,000,000,000 in Afghanistan last year. If we immediately withdrew from Afghanistan at a cost…

  • Black cats and white cats

    First posted on The People’s View in 2011. Here’s a story about the work of Ron Bloom, President Obama’s manufacturing adviser and what he heard from executives at manufacturing firms in Northeast Ohio. In some cases, they called for a more expansive government role in manufacturing, along the lines of…

  • Marcy Kaptur’s rhetoric

    First published in DailyKos June 2011. (minor edits in this version) A Daily Kos diary implicitly asks the question – why don’t President Obama and other Democratic politicians say the things that Marcy Kaptur says – the kind of “down and dirty” attacks on the plutocracy that so many “progressives”…