One doesn’t need a poll to see this. During the Obama presidency the rich have done quite well. The so called “underclass” has been largely placated. (Obama got rid of Clinton era “workfare” for instance making welfare a “life choice” again.) But the middle class, the core of America, has been hurt. There is simply no denying it. (I mean one can, but one would be wrong.)
It’s not entirely Obama’s fault. He is only a part of the puzzle, if a big part.The Federal Reserve has fundamentally undermined the economy. It has rewarded those who already had assets before the 2008 Crash with an inflated stock market. Those without assets, or those whose only “asset” is their home? Well, too bad so sad.
As we have said many times before, we are very much for what is often called “renewable” energy. We like solar, we like wind, we like innovation, we are not fans of pollution. (Who is?) But we are for these things within the context of the marketplace. Clean energy is a valuable thing. The marketplace wants clean energy. But for some the marketplace is not fast enough and that is why they sought to foster so called “green” technologies with money taken from American taxpayers during the early part of the current president’s presidency.
Has this guy not done enough damage? Is he bored? Yes, let’s let the president declare economic martial law. I don’t see how that could be a disaster at all. No way that would be abused. Why bother with even involving Congress at all? It only has the power of the purse after all. (The president by design does not have this power.)
Shoot, why don’t we declare presidents to be kings and just get it all over with. Enough of this Constitution thing.
And in Canada this happened…
Decriminalized marijuana is clearly taking its toll on our friends to the north.
The leadership within both major parties view the “populists” within their ranks as annoyances. Jeb Bush and his crowd and Hillary Clinton and her crowd have a similar disdain for the people who want actual change come 2016. Jeb and Hillary are the establishment. They are the anointed. They represent the long time infrastructure of their respective parties.
Vested interests within the parties know where they stand with both candidates. These interests know that the boat won’t really be rocked by either one. The people who run the parties are safe, so long as none of the rabble rousers slip through. The rabble rousers must be beaten down and beaten back.
Poker is a game that I think most people should learn to play. I am not suggesting that everyone sit down at a Vegas table and start betting. By no means. Unless you have a burning desire to lose money. But learning the rules of the game and how it works is very beneficial. The lessons I’ve learned while playing poker (I haven’t played in years) have served me well. It’s too bad our government(s) has such a problem with the game.
In fairness this fellow may have broken the law. But should law enforcement really make busting up poker websites a priority? Seems odd in a “free country.”
“Our demands, they’re not radical. When did it become radical to have class sizes that you could actually teach in? When did it become radical to have staffing and to pay people back after eight years of nothing?”
– Alex Caputo Pearl, President, UTLA, February 26, 2015, Los Angeles Times
If the 35,000 members of the United Teachers Los Angeles, the union that represents employees of Los Angeles Unified School District, actually go on strike, in large part it will be because they want an 8.5% salary increase and the district is only offering them 5%. They also want smaller class sizes – tough to do when you’re passing out salary increases. But how much do these teachers actually make?
We bet he would be.
Think of Goldman Sachs as a political compass. If Goldman is the north star of crony capitalism one should always move to the south as far away from these guys as possible. Electing any of the bank’s officially endorsed candidates (and we don’t have any candidates yet) is just not smart. It’s asking for trouble.
Though Buffett is probably right about Liz Warren, it is interesting that he seems legitimately concerned with the senator’s non-challenge to Hillary Clinton. The Midwestern Maven is showing a couple of teeth here.
We’ve been following this for quite a long time. It does not come as a surprise. The emails exist. We can find them. The administration simply doesn’t want to find them.
I know. It’s a shock to me too.