17 Jun 2020

How the COVID Virus Bailout Benefitted Wall Street

The huge $ $2 trillion coronavirus relief package enacted April 1, 2020, was the largest bailout bill in US history, but while it provides relief for small business and individuals, particularly lower-income families, it also contained a $500 billion bailout fund that benefits big businesses, including a $170 billion tax

05 May 2020

Yale Economist Shiller Describes Trump’s Mental Problems in Lecture on Behavior Finance in 2011

    Behavioral economics has been described as a “revolution” that has taken over economics over the past three decades. It has been controversial, but it is now regarded as providing a framework for investor behavior. In this Yale lecture from spring 2011, economist Robert Shiller, winner of the 2013

10 Apr 2020

The Real Story Behind the Trillion Dollar COVID Bailout

The cover story behind the multi-trillion-dollar COVID bailout is that it will benefit big businesses, the unemployed, and small businesses. But that is not the real story.  This money will largely benefit hedge funds, private equity firms and global corporations, not average Americans or the unemployed. Sure, they will get

12 Feb 2020

Trump’s Pathological Vendettas Against His Critics Have Been Evident For Years

      (A version of this article was posted on this site on June 4, 2016.) Trump’s vicious vendettas against all of his critics are part of his sociopathic pathology. Even worse, it goes back for decades. His public humiliations of the government officials who testified against him in

19 Nov 2019

Obama Goes From “Yes We Can” To “No We Can’t”

      One indicator that the Democratic Party is very tepid about making the needed changes to the current broken political, economic, health care and judicial systems has now come directly from former President Barak Obama. In a Nov. 17, 2019 speech before wealthy donors in Washington DC, Obama

13 Nov 2019

Remember Biden’s Role in the 2008 Recession

    Former Obama Vice President Joe Biden likes to paint himself as a moderate reformer, but his history shows otherwise.  The best and most far-reaching example of how corporate Democrats intentionally bypassed any efforts to reform a corrupt system is Biden’s and Obama’s meek response to the 2008 financial

05 Nov 2019

More Bad News About Income Inequality–Half of Americans Have More Debts Than Assets

          The story of income inequality and wage stagnation is now a core element of the Democratic candidates’ policy platforms, but a new report from the Federal Reserve paints and even more damning description.  In this article from The People’s Policy Project, author  Matt Bruenig found

05 Nov 2019

Carried Interest Helps Explain Jones’ Buttigieg Endorsement

  Nothing smacks of self-interest better than a rich person trying to defend their wealth. Self-interest is as old as human and animal DNA, so it is no surprise that it’s still a paramount concern today. It also is no surprise that self-interest among the very rich plays a role

22 Oct 2019

Capitalism is in Trouble, But Few Want to Admit It

One of the key messages of the 2020 election is that capitalism is in trouble and is not working for millions of Americans. From the wealth gap to unchallenged monopolies to wage stagnation, it’s clear that the corporations have taken over the nation. This is what allowed the corrupt Trump

01 Oct 2019

Reasons Why People Like Irrational Trump and Celebrity Fraud     

  Americans love celebrities. They also love celebrity fraud. How else can we explain why Trump’s hard-core Republican “base” continues to support him, despite his near-insane tweets and abysmal record in leadership, legislative success, policy formulation, and implementation. It’s also worth noting that if die-hard Trump supporters really respect their