All Things
A Boston business owner has entered the primaries to fill the seat of the late Senator Kennedy. He believes himself particularly well-qualified because he is a successful business man.
Where has he been during the last year?
We are in the middle of the worst recession in eighty years; unemployment is inching up to 10%. Millions of families have lost their homes. Homelessness is up; more and more families must depend on food banks to feed their children. Governments at all levels are short of money because of falling tax revenues. Schools, fire and police departments all need to tighten their belt. The education of our children suffers and so does the security of all citizens.
We owe this catastrophe to business. The biggest banks, blinded by greed and misled by dubious morals and sheer incompetence made riskier and riskier investments until they faced bankruptcy. The tax payer--you and I--already buffeted by the economic crisis had to cough up a trillion dollars to keep the world financial system from collapsing.
The banks responded by giving lavish bonuses to the top bankers who had caused this crisis. Until business makes a real effort to clean house, until it stops treating us as gullible fools who are just waiting to be fleeced, we are not going to take a business career as a sign of trustworthiness.
Being a successful business man does to make someone a worthy successor to Senator Ted Kennedy.
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p { margin-bottom: 0.08in; } Saving the rich? It is the 50th anniversary of the inauguration of Pres. John F. Kennedy. Everyone remembers the injunction “ask not what your country can do for you...” in his Inaugural Speech. Very few people remember...
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- Blame Capitalism, Not The Capitalists
Blame Capitalism, not the Capitalists.Our economy is in the doldrums. Unemployment is very high--if you count the underemployed, 20% of the work force are working less than they would like. The unemployed have no money to spend. Those who...
- A Real Bailout
With a great deal of fanfare and soul searching, Congress decided to spend close to a trillion dollars to bail out banks, insurance companies, hedge funds (most of us, including myself, do not even know what those hedge funds do.) They should have been...
- Greed?
A while ago when it became obvious that we are in serious economic trouble, the President and other leaders said “the economy has some problems but its fundamentals are sound.” Today they tell us that we facing recession, perhaps depression. The fundamentals...
All Things
Whom Should we Trust?
A Boston business owner has entered the primaries to fill the seat of the late Senator Kennedy. He believes himself particularly well-qualified because he is a successful business man.
Where has he been during the last year?
We are in the middle of the worst recession in eighty years; unemployment is inching up to 10%. Millions of families have lost their homes. Homelessness is up; more and more families must depend on food banks to feed their children. Governments at all levels are short of money because of falling tax revenues. Schools, fire and police departments all need to tighten their belt. The education of our children suffers and so does the security of all citizens.
We owe this catastrophe to business. The biggest banks, blinded by greed and misled by dubious morals and sheer incompetence made riskier and riskier investments until they faced bankruptcy. The tax payer--you and I--already buffeted by the economic crisis had to cough up a trillion dollars to keep the world financial system from collapsing.
The banks responded by giving lavish bonuses to the top bankers who had caused this crisis. Until business makes a real effort to clean house, until it stops treating us as gullible fools who are just waiting to be fleeced, we are not going to take a business career as a sign of trustworthiness.
Being a successful business man does to make someone a worthy successor to Senator Ted Kennedy.
-
p { margin-bottom: 0.08in; } Saving the rich? It is the 50th anniversary of the inauguration of Pres. John F. Kennedy. Everyone remembers the injunction “ask not what your country can do for you...” in his Inaugural Speech. Very few people remember...
-
p { margin-bottom: 0.08in; } Beware of the private profit motive Everybody loves an entrepreneur! While the news from Afghanistan is uniformly bad, a number of recent news reports see a glimmer of hope in the rise of Afghanistan entrepreneurs....
- Blame Capitalism, Not The Capitalists
Blame Capitalism, not the Capitalists.Our economy is in the doldrums. Unemployment is very high--if you count the underemployed, 20% of the work force are working less than they would like. The unemployed have no money to spend. Those who...
- A Real Bailout
With a great deal of fanfare and soul searching, Congress decided to spend close to a trillion dollars to bail out banks, insurance companies, hedge funds (most of us, including myself, do not even know what those hedge funds do.) They should have been...
- Greed?
A while ago when it became obvious that we are in serious economic trouble, the President and other leaders said “the economy has some problems but its fundamentals are sound.” Today they tell us that we facing recession, perhaps depression. The fundamentals...