Despite President Obama’s spirited pledge to reduce the growing gap between rich and poor, his administration has been covertly involved in negotiating a Trans Pacific Partnership (TPP) trade agreement whose potential fallout would only exacerbate, not lessen, the economic divide, consolidating what is essentially an oligarchy of Wall Street interests. You may be unfamiliar with the TPP, as it’s not played up in the media, unless … Continue reading Trans Pacific Partnership: Corporate Mayhem Alive and Well
If you’ve been watching the headlines on the economic front, you may have seen the news about record bank profits in the first quarter of the year to the tune of $40.3 billion, an all time high. In fact, profits surged 15.8% over the same quarter a year ago. This marks the 14th straight quarter of bank gains. In short, the bailed out banks (you … Continue reading Happy Days are here again: and the banks roll on
Elizabeth Warren, Democratic aspirant to the Senate seat held by Republican Scott Brown in Massachusetts, recently came out with what’s now become a widely publicized comment, subsequently picked-up by YouTube and Move On websites: There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your … Continue reading Right-on, Elizabeth!