Neoliberalism

McConnell Cynically used the Trump-Monster to get Tax Cuts and SCOTUS, Now Dropping him like a Squeezed Orange

Ann Arbor (Informed Comment) – In Chapter 7 of F. Scott Fitzgerald’s The Great Gatsby, the enormously wealthy Jay Gatsby becomes concerned about word getting out that he is having an affair with Daisy, who is married to Tom, and abruptly stops having the big parties he had been throwing, to which assorted society flotsam […]

Banking

Letting the Markets go Wild while the People Go Down: A War of the Worlds

Tomdispatch

By Nomi Prins | – ( Tomdispatch.com ) – Sometimes things only make sense when seen through a magnifying lens. As it happens, I’m thinking about reality, the very American and global reality clearly repeating itself as 2021 begins. We all know, of course, that we’re living through a once-in-a-century-style pandemic; that millions of people […]

Banking

Top Ways British Trumpism, a.k.a “Brexit” Will make Britain Poorer and Weaker, but also more Muslim

Juan Cole

Ann Arbor (Informed Comment) – Boris Johnson’s government has achieved a relatively “hard Brexit” at the last minute, reaching a deal on its departure from the European Union. This is a triumph for British Trumpism, and it is no wonder that Trump himself was a cheerleader for it. It is economically a bad deal for […]

Debt

Austerity Terrors: Congress Stimulus Package Finally Passes – but it is Too Little, Too Late

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – 900 billion dollars is a big amount, Apparently one trillion is a whole order of magnitude greater. Or at least the number is so terrifying that politicians bend heaven and earth to avoid being connected with trillion dollar expenditures. And this allergic reaction is bipartisan. In the […]

Donald Trump

White House Partying like it is 2021, with a Covid 9/11 Death Toll Every Day

Tom Engelhardt

( Tomdispatch.com) – ‘Tis the season to be folly Fa-la-la-la-la, la-la-la-la Don(ald) we now our gay apparel, Fa-la-la-la-la, la-la-la-la!… It’s party time in the nation’s capital and the Christmas spirit reigns supreme, even if the Texas Republican Party does want to secede from the Union. I mean, who doesn’t? And hey, don’t you want to […]

Employment

Mitch McConnell Wants to Let Corporations Kill You

Thom Hartmann

( Otherwords.org ) – The Senate GOP leader’s refusal to pass COVID-19 aid without corporate immunity should be the scandal of the year. By Thom Hartmann | December 16, 2020 Probably the most under-reported story of the year has been how Mitch McConnell is holding Americans hostage in exchange for letting big corporations kill Americans […]

Donald Trump

Pandemic Failure, Vaccine Success Indict American Monopoly Capitalism

Juan Cole

Ann Arbor (Informed Comment) – The contrast between the unprecedented failure of the United States to deal successfully with the coronavirus pandemic, and the success of pharmaceutical companies in coming up with effective vaccines in record time is bittersweet. The reason for the difference is that no one could make any money on mitigating the […]

Inequality

McConnell was holding up Stimulus over Shielding Businesses from Coronavirus Liability — A Very Bad Idea

The Conversation

By Timothy D. Lytton | – Congress may be close to a deal on another coronavirus bailout, but Senate Republican demands for liability protections for businesses remain a major obstacle. Senate Majority Leader Mitch McConnell has long warned of an “avalanche” of lawsuits that will stymie economic recovery efforts if Congress does not grant companies […]

Donald Trump

Where’s the Second Relief Act? The US Safety Net is working, but there are Capitalists who don’t Want it to

John Buell

Why can’t our political leaders learn to live with success? In an era marked by cynicism about politics both parties managed to enact an initial COVID-19 relief package that if anything exceeded expectations. Last June Jason DeParle, summarized academic research on this act by quoting Columbia University’s Zachary Parolin: “Right now, the safety net is […]