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Tag Archives: Economic Collapse
Post-Bailout : Why the Stock Market Still Plunged
Unemployment, tempera on paper by Ben Shahn, 1938. © Private Collection/Christie’s Images / The Bridgeman Art Library.It’s the economy, stupid….By Steve Russell / The Rag Blog / October 4, 2008 Why, I was asked off line, did the market dive … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Economic Collapse, Economy, Stock Market, Unemployment, Wall Street Bailout
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We Will Pay Because God Loves the Rich
And as we all know, worms do not rise up in revolt. That takes a backbone.Speaking in the Tongues of Brokers: The Bailout in Plain EnglishBy Joe Bageant / October 2, 2008 Any number of cultural historians have noted the … Continue reading
Greed and Disaster Politics (Burp.)
‘This is a gun to our head by our own people. The Republicans and Democrats are both doing this.’By Dennis Thompson / The Rag Blog / October 3, 2008 I called my congressman’s office to weigh in on the “debate”. … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Financial Crisis, Wall Street Bailout
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The End of America As We Know It?
A Father Sounds An AlarmBy Ray Zwarich / The Rag Blog / October 3, 2008 Like many readers of the Rag Blog, I have been a leftist since the Tet Offensive set off a political awakening in a nice middle … Continue reading
Using Depression-Era Tactics for Survival
Weathering the Coming Crisis, Part IIBy Diane Stirling-Stevens / The Rag Blog / October 3, 2008 A week or so ago, I wrote up some of the things we’re doing to minimize problems in our lives, with this bail-out and … Continue reading
Roger Baker : Industrial Collapse? Bring it On!
Collapse the Light into Earth by ~EvidencE~‘The best outcome is probably for humans to hit the wall soon and hard.’By Roger Baker / The Rag Blog / October 2, 2008 Is industrial collapse the BEST way out of our current … Continue reading
Meet the New Rome, Same as the Old Rome
Will Wall Street’s Meltdown Turn America Into a Police State?By Scott Thill / September 30, 2008. “Raw capitalism is dead.” — Henry Paulson, U.S. Treasury secretary “Can’t we just all go out and say things are OK?” — President Bush, … Continue reading
Michael Moore : Bucks Not Delivered; People Say ‘No’
‘Hundreds of thousands of Americans woke up yesterday morning and decided it was time for revolt’By Michael Moore / September 30, 2008 Everyone said the bill would pass. The masters of the universe were already making celebratory dinner reservations at … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Congress, Economic Collapse, Financial Crisis, Populism
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Wall Street Bailout and the Republican Right : Far from Populist Heroes!
Sandra Hines, of Detroit, who said she lost her home after 40 years, speaks at the Spirit of Detroit statue to protest the government bailout of financial institutions on Thursday, Sept. 25, 2008 in Detroit. Photo by Rashaun Rucker / … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Campaign Finance, Economic Collapse, Republican Party, Right Wing, Wall Street, Wall Street Bailout
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The Era of American Dominance Is Over
A shattering moment in America’s fall from powerBy John Gray / September 28, 2008 The global financial crisis will see the US falter in the same way the Soviet Union did when the Berlin Wall came down. The era of … Continue reading
Americans Cannot Vote Their Way Out of This Mess
Delusion is the opiate of the masses. Credit: open source.Eat Your Cats and DogsBy Joel Hirschhorn / September 29, 2008 Nations come and go, rise and fall as elites and the wealthy make victims of most citizens and plutocracies prevail. … Continue reading
Keating Five Ring a Bell? Remember That John McCain?
Sen. John McCain at a March 1990 hearing of the Senate Ethics Committee investigating the relationship between a group of senators and banker Charles Keating Jr. Photo by John Duricka / AP.Past collides with Present: McCain, the Keating Five and … Continue reading
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Tagged Bank Bailouts, Economic Collapse, Keating Five, McCain, Political Ethics, Political Scandal, U.S. Senate, Wall Street
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