talesofwar:

A PPSh assembly line, probably somewhere behind the Ural moutains.

talesofwar:

A PPSh assembly line, probably somewhere behind the Ural moutains.

"Statistics from South Carolina highlight the lottery’s reliance on low earners: people in households earning under $40,000 made up 54 percent of frequent players, while constituting only 28 percent of the state’s population. Meanwhile, a PBS report earlier this year showed that, for America’s very poorest, the lottery is a heavy expenditure: Households that earn at most $13,000 a year spend 9 percent of their money on lottery tickets."

Natasha Lennard at Salon explains the lottery’s dark side.  (via theweekmagazine)

(Source: theweek.com, via downlo)

The Immorality of What Mitt Romney is Selling

abaldwin360:

When will we face the fact that no one will ever cost us more jobs than Wall Street did in 2008-2010 and that no one will ever kill more Americans than the 45,000 who die every year for lack of insurance? Our enemies are corporate greed and those pretend that such greed is patriotism.

It’s easy to become distracted by Mitt Romney’s mendacity and obvious lies. I’m beginning to think this is his plan because, when you look at what Mitt Romney is offering the American people, the immorality of it is staggering.

Forget that Mitt Romney thinks the lesson of the Bush crash was that Wall Street should be regulated less, that Medicare needs to be privatized and cost more and that public education needs to be replaced with a giant taxpayer giveaway to corporate interests that will create even bigger disparities between the super poor and the super rich. Forget all that.

Look at two key points of Mitt Romney’s economic plan:

  • Households that earn more than $1,000,000 a year will receive an average $250,000 tax cut, an even larger tax cut than the unconscionably large Bush tax cuts for the rich
  • Government spending on programs on things like Pell grants, health care for poor kids and food stamps will be cut by 30 percent as the defense budget, which is already near $1,000,000,000,000, grows.

It is vile immorality to suggest that in the middle of a depression for the working class we should take from the general welfare of 99 percent of all Americans to transfer billions to the richest one percent.

read more

Bolding added, because basically, that’s what this comes down to.

(via biyuti)

dreams-from-my-father:

readnfight:

Your unemployment crisis is breaking news when it hits 8.2%? Tell me what that level of economic security is like.
The chart to the right is one that I made a while back about the whitewashing of the “wage gap” as it is commonly talked about in the u.s. The stats used are:
1980:
White women 6.5%
Black women 14.0%
Latina women 10.7%
White men 6.1%
Black men 14.5%
Latino men 9.7%
Overall 7.1%
1990:
White women 4.7%
Black women 10.9%
Latina women 8.4%
White men 4.9%
Black men 11.9%
Latino men 8.0%
Overall 5.6%
2000:
White women 3.6%
Black women 7.1%
Latina women 6.8%
White men 3.4%
Black men 8.0%
Latino men 5.0%
Overall 4.0%
2010:
White women 7.7%
Black women 13.8%
Latina women 12.3%
White men 9.6%
Black men 18.4%
Latino men 12.7%
Overall 9.6%
Note that these are conservative counts by the u.s. Dept. of Labor.
So this is breaking news to whom?

In definitely sucks being a black man looking for a job in America *sigh*

dreams-from-my-father:

readnfight:

Your unemployment crisis is breaking news when it hits 8.2%? Tell me what that level of economic security is like.

The chart to the right is one that I made a while back about the whitewashing of the “wage gap” as it is commonly talked about in the u.s. The stats used are:

1980:

  • White women 6.5%
  • Black women 14.0%
  • Latina women 10.7%
  • White men 6.1%
  • Black men 14.5%
  • Latino men 9.7%
  • Overall 7.1%

1990:

  • White women 4.7%
  • Black women 10.9%
  • Latina women 8.4%
  • White men 4.9%
  • Black men 11.9%
  • Latino men 8.0%
  • Overall 5.6%

2000:

  • White women 3.6%
  • Black women 7.1%
  • Latina women 6.8%
  • White men 3.4%
  • Black men 8.0%
  • Latino men 5.0%
  • Overall 4.0%

2010:

  • White women 7.7%
  • Black women 13.8%
  • Latina women 12.3%
  • White men 9.6%
  • Black men 18.4%
  • Latino men 12.7%
  • Overall 9.6%

Note that these are conservative counts by the u.s. Dept. of Labor.

So this is breaking news to whom?

In definitely sucks being a black man looking for a job in America *sigh*

"Unfortunately, a lot of young folks haven’t had the opportunity to really understand how the economy works, and what it takes to put people to work in real jobs, and why we have banks, and what banks do. It’s a very understandable sentiment. If you don’t find a job, and you can’t see rising incomes. You’re going to be angry and looking at someone to blame."

Mitt Romney to WBTV in Charlotte, N.C., discussing the protests at Bank of America.

Oh, we young people don’t understand “real jobs” and “what banks do,” yeah?

I argue we do. There’s a lot of us working two and three minimum wage jobs, going to school, graduating, barely surviving, or some combination of the above.

We’re consistently screwed by people like you, Mitt, who gambled with our parents’ retirement, who ensured most of us can never retire, who foreclosed on our families, who laid us off in the name of savings, who pissed away bailouts in executive bonuses and back slaps, as you grin in your expensive suits and tell us repeatedly that we DON’T GET how it works, as you reach into our back pockets for yet another checking account usage fee because we can’t keep a minimum balance, let me tell you…

WE GET IT.

We are fully proletarianized, working ourselves to the bone, paying the same tax rate as you, and praying to whatever is sacred that we do not get sick or injured because we are one paycheck or missed unemployment check away from completed ruin, while you and your cronies line up for another spin at the roulette wheel, your wallets fat from the products of our intellectual and physical labor.

FUCK YOU and your patronizing condescension. Fuck you with the all the fucks my exhausted self has left to give.

(via cognitivedissonance)

How Ronald Reagan unwittingly laid the groundwork for the death of capitalism

dreams-from-my-father:

Thanks to tireless efforts by historical revisionists over the past two decades, Ronald Reagan has gotten a lot of credit for achievements that he had nothing to do with. “Winning” the Cold War is a good example.

In reality, Reagan’s policies had little or nothing to do with the collapse of the Soviet Union. In fact, the last thing the Military Industrial Complex ever wanted was to see the Cold War’s end (and with it the trillion-dollar gravy train of “defense” contractor funding).

On the other hand, Reagan should get credit for something that he actually did achieve: laying the groundwork for the death of capitalism as we know it.

Capitalism had its first near-death experience during the Great Depression. Ironically, it was saved by the most progressive president that the U.S. ever had: Franklin D. Roosevelt. Although attacked by the business community at the time, FDR’s New Deal in fact resurrected capitalism and gave it new life. The New Deal created the Great American Middle Class: tens of millions of well-paid workers that actually had the money to buy the products that the system produced.

Under Reagan, middle-class entitlements were slashed, as were programs to assist the poor. And sweeping changes in tax policy began to favor the very wealthy, at the expense of the middle class and the poor. Also, labor unions and labor laws were gutted. Lastly, under Reagan’s disastrous “free trade” policies, America started shipping all its good-paying manufacturing jobs overseas.
The result of all this was that, under Reagan, the Great American Middle Class began to shrink — a process that continues to this day. And with a much-weakened middle class, U.S. capitalism has hit a major crisis in that fewer and fewer consumers are able to buy the products that the system produces.
Of course, what these ivory tower zealots overlook is that capitalism as we know it simply can’t function unless there is a strong, prosperous middle class around to buy the products created by the system.
Although Reagan’s policies gutted the U.S. middle class, the resulting devastation to capitalism didn’t become readily apparent until much later on. This was because the whole crisis was masked by America’s increasing embrace of credit-fueled consumption, which created the mirage of prosperity.
Of course, the whole Ponzi scheme all came crashing down in 2008. Since then, the U.S. economy has remained on life support. The nation continues to plunge further into debt, even as the U.S. dollar continues to hit new all-time lows. The middle class is all but extinct these days, as are the good-paying jobs that once help make the American economy the mightiest on earth. “

“Virtually all of this is a legacy of Reagan’s policies. And unlike capitalism’s first near-death experience, in the 1930s, it’s extremely unlikely that we’ll see another FDR ever come along to give the whole system a new lease on life. In our Citizens United era, that’s simply not ever going to happen. 
Reagan (or more specifically, his wealthy backers) originally aimed to crush the New Deal and return the U.S. to an unregulated 19th century dog-eat-dog form of capitalism. They hoped that this would propel capitalism to new heights. But by ignoring the key role of middle class consumption in their calculations, they unwittingly severely damaged capitalism itself and turned America into a second-rate power.
“Of course, the wealthy class to this day continues to live in denial that the whole capitalist party is now over. They continue to cling to the hope that the crisis caused by the 2008 economic collapse will eventually be fixed and the capitalism will somehow continue.”

“With the demise of the dollar, America will be a much weaker and less wealthy nation. For the entire post-World War II era, America has been the standard-bearer for capitalism. With the latter now discredited, it’s clear that the rest of the world is increasingly rejecting the U.S. model of economics and is instead turning to the regulated, technocrat-led economies of China and Singapore as the new role model. 
Not only did Reagan’s era doom capitalism, but his toxic legacy ensured that America will find it extremely difficult to remedy the crises that resulted from his administration. These range from the deterioration of public education that resulted from Reagan’s budget cuts to America’s crumbling infrastructure. These two factors alone will make it increasingly difficult for America to compete globally in the years to come. 

But perhaps the most toxic legacy of all was Reagan’s abolition of the Fairness Doctrine. This ensured that America’s mainstream media would increasingly do little more than parrot the official corporate line. Americans today are hopelessly misinformed on the issues these days. And a nation that is misinformed is going to find it difficult to ever take the necessary steps needed to fix the crises unleashed by Reagan’s policies.”

(Source: azspot)

"Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.

It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. And that theory fits well on a bumper sticker. Here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade."

President Obama, Obama on ‘Trickle Down’ Economics: ‘It Doesn’t Work, It Has Never Worked’ (via darkjez)

(via darkjez)

Under Scott Walker, Wisconsin leads the nation in jobs lost

mohandasgandhi:

empireofnickels:

Let’s recall this fucker already.

We’re 3/4 of the way there. Hey, Scotty, how are those corporate tax cuts working out for you?

allpowertothecommunes:

‘ENEMIES OF THE FIVE YEAR PLAN’
VIKTOR DENI, 1931.

allpowertothecommunes:

‘ENEMIES OF THE FIVE YEAR PLAN’

VIKTOR DENI, 1931.

(via fuckyeahmarxismleninism)

cognitivedissonance:

And BURN!
It’s sad because it’s true… I’m not so sure the social wedge issues are going to whip up the same old base as much anymore. 2012 will be interesting.

cognitivedissonance:

And BURN!

It’s sad because it’s true… I’m not so sure the social wedge issues are going to whip up the same old base as much anymore. 2012 will be interesting.

downlo:

Whatever you do: don’t hurt the job creators!

downlo:

Whatever you do: don’t hurt the job creators!

"Rich people hate class warfare because it’s the only kind of warfare they can’t get poor people to fight for them."

Mike Drucker (via dirkhanson)

(Source: dirkhanson)

motherjones:

A Harvard business prof and a behavioral economist  recently asked more than 5,000 Americans how they thought wealth is  distributed in the United States. Most thought that it’s more balanced  than it actually is. Asked to choose their ideal distribution of wealth,  92% picked one that was even more equitable. Check out the rest of our inequality charts here.

motherjones:

A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable. Check out the rest of our inequality charts here.

(via paxamericana)

(Source: stfuconservatives)

fuckyeahradicalcartoons:

Justifying More Tax Cuts

fuckyeahradicalcartoons:

Justifying More Tax Cuts

(via squeetothegee-deactivated201111)