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    Commentary / austerity, banking, democracy, government spending, plutocracy /

    Austerity: Democracy Versus Capitalism

    April 4, 2013

    That’s where we are. That’s where we’ve been for a while. That’s where we’re likely to stay. Get used to it. Don’t get me wrong: the history of the past two hundred or so years have shown that capitalism – depending on how you define it – has been a good thing. Yes, it has. […]

    Economics / ADP, austerity, job creation, jobs /

    Weak Jobs Report

    April 3, 2013

    This week brings us the two monthly snapshots of employment: today’s ADP data, and Friday’s government report. Unfortunately ADP didn’t get us off to a good start. According to ADP – the big payroll processing company – the private sector only added about 158,000 jobs in March, the weakest gain since October. For comparison the […]

    Commentary, Economics /

    Stockman Lost It

    April 2, 2013

    You remember David Stockman I assume. He was Ronald Reagan’s Budget Director and an advocate of the economics that permeated the early years of the exodus from California by the horde of radical right wingers seeking to throw out each and every strand of social safety net, social insurance, and anything remotely attached to the […]

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