Entries by emptywheel

Yet More Proof Big Business Is Unamerican

The WaPo notes with some curiosity that the business community did almost nothing to get the debt ceiling passed. It’s a remarkable story: perhaps unintentionally noting that while our banana republic status was being confirmed, the Chamber of Commerce was lobbying not to prevent that, but to get a Panama trade deal; describing a betrayed […]

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Grijalva: We Just Got Thrown Under the Bus

My biggest complain about this statement from Raúl Grijalva is that he doesn’t say who threw Democrats and the people they champion under the bus: President Obama. That said, his comments about the crossroads facing the Democratic Party are spot on. This deal trades peoples’ livelihoods for the votes of a few unappeasable right-wing radicals, […]

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Third Cave’s a Charm

Kudos to Ezra for admitting he was dead wrong last year when imagining the Republicans might allow a deal that would let Bush tax cuts lapse. A year ago, I was less concerned about the Bush tax cuts. I assumed, as did many in Washington, that the Republicans’ antipathy to taxes was a negotiating stance. […]

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Links, 07/29/11

bmaz is working on trash. Here’s a highlight of what I’ll be talking about. Justice and Injustice Two developments in the Thomas Drake case. First, Josh Gerstein has posted the excerpt from the transcript where Judge Richard Bennett laid into William Welch about the three year delay after raiding Drake’s house. Also, Steven Aftergood reports […]

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Addington’s Useful Idiots

KagroX, who just got named one of Politico’s top tweeters yesterday, just asked this question: Has there ever been a populist movement cheering for default & austerity? We’ve seen default situations around the world, and austerity programs imposed as a result. But popular political movements in FAVOR of it? I replied, Wrong to describe as […]

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Links, 7/28/11

Visit msnbc.com for breaking news, world news, and news about the economy Here’s Melissa Harris-Perry talking about the Pew study on net worth from the other day. Our Dying Economy Nicholas Shaxson (the author of Treasure Islands) has a post on a probably-doomed attempt by developing countries to have more of a say over international […]

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The Solution to this and the Next Economic Crisis

I long meant to do a piece looking at how the Japanese earthquake exposed the problems with our current supply chain. Matt Stoller has taken what happened after the earthquake as an opportunity to reflect on the possibility of systemic failure because our supply chain has been concentrated and outsourced. In the last few years, […]

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Goldman’s Latest Scam: Turning Empty Space into Riches

Who knew that Detroit was so commodity-rich it was ruining entire segments of industry? Only, I presume Detroit gets little to none of the fortune Goldman is making by hoarding aluminum in warehouses in the city, thereby driving the price up and making millions on warehouse rent. This Reuters article describes the scam, but it […]

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