Obamanomics are to blame for the worst recession since the Great Depression; and the present fake recovery compares poorly with that in the 1920s when the government stayed within its constitutional bounds, reduced taxes perhaps 20 percent of their present level, and let the free market breathe once again.
Last week’s show trial of Apple Computer on Capitol Hill ended up being more of an indictment of the Republican Party than of allegedly venal Apple executives accused of tax “avoidance.”
After eight years of litigation, Visa and MasterCard are within shouting distance of their long-term goal: protection of a massive and increasing flow of cash from consumers without further interference, litigation, or competition.
A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve.
Keynesian economist Paul Krugman crowed in the June 6 edition of the New York Review of Books that “the case for austerity has crumbled,” but careful analysts should be cautioning “real austerity was never even attempted.”