The options and choices before Americans seem to become clearer and clearer. ==================== The real lesson from Europe,” wrote Paul Krugman in January 2010, “is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.” [Oh?] Here are some postcards from the social democracy that works. • In Britain, 239 patients died of... Read more
Archive for the ‘Socialism’ Category
Tale of Three Thefts: China, Russia, and the US
August 9 | Posted by mrossol | Economics, Obama, Party Politics, Socialism, US CourtsRussia 2006 In December of 2006, Gazprom, the Russian energy monopoly, “accepted” control of Sakhalin-2 from Royal Dutch Shell. Sakhalin-2 is a drilling venture off Sakhalin Island in Russia’s North Pacific. Shell negotiated the offshore drilling rights with the Russian government to be Sakhalin-2’s owner and operator along with its two Japanese partners. In return, Shell agreed to invest $8 billion.... Read more
Why the Next Great Depression May Still Happen
July 29 | Posted by mrossol | American Thought, Socialism, US DebtThis article has an original date of 6/20/2011. Some of the reasons below seem to have as much “unknown impact on the US” as a debt default. There are a lot of factors leaning in the wrong/bad direction, that seems pretty certain. ========== So anyone that believes that we are headed for another depression is certainly not crazy. The following are 19... Read more
The Road to a Downgrade
July 28 | Posted by mrossol | American Thought, Economics, SocialismEven without a debt default, it looks increasingly possible that the world’s credit rating agencies will soon downgrade U.S. debt from the AAA standing it has enjoyed for decades. A downgrade isn’t catastrophic because global financial markets decide the creditworthiness of U.S. securities, not Moody’s and Standard & Poor’s. The good news is that investors still regard Treasury bonds, which carry... Read more
Poverty in America…
July 27 | Posted by mrossol | American Thought, Economics, Politically correct, SocialismRobert Rector of the Heritage Foundation writing at nationalreview.com, July 26: The Census Bureau reported last fall that 43 million Americans—one in seven of us—were poor. But what is poverty in America today? The most recent government data show that more than half of the families defined as poor by the Census Bureau have a computer in the home. More than... Read more
Unemployment benefits…?
July 25 | Posted by mrossol | American Thought, Economics, SocialismSyndicated columnist Linda Chavez writing at townhall.com on July 22: Several studies show that about one-third of those receiving unemployment benefits get a job immediately after their eligibility expires. And a quick survey of help-wanted signs and classified ads in most areas suggest that businesses are looking for workers. In 2009, when the economy was in worse shape, three million... Read more
