News

Why Social Mobility In The United States Is A Total Myth

[credit provider=”Bloomberg/Getty Images”] A study released in March by the Federal Reserve Bank of San Francisco reports that nearly half, 44%, of American adults who are in the bottom 20% in income were born to parents who were also in the bottom 20%; nearly half, 45%, of adults in the top 20% had […]
Why Social Mobility In The United States Is A Total Myth
News

Trusting Obama’s Liberal Rhetoric Just Doesn’t Make Sense Anymore

[credit provider=”Getty Images/Alex Wong”] On the morning of Friday March 1st, the President met with House Republican leaders to work toward, as the AP reported, “a big fiscal deal that would raise taxes and trim billions from expensive and ever growing entitlement programs.”Those “entitlement programs” are Social Security, Medicare, and Medicaid. […]
Trusting Obama’s Liberal Rhetoric Just Doesn’t Make Sense Anymore
News

Why Republicans’ Explanation Of The 2008 Crash Is Dangerously False

[credit provider=”Getty Images/Brendan Hoffman”] Basically, there are two explanations that are given for the 2008 crash: the Democratic one, which says that Wall Street was deregulated and ran wild with frauds that cheated both the people who signed to trick mortgages and the people who bought the fraudulent mortgage-backed securities; […]
Why Republicans’ Explanation Of The 2008 Crash Is Dangerously False
News

Obama’s Number One Economic Priority Has Been Backing Big Banks

[credit provider=”AP”] On Thanksgiving Day, 22 November 2012, Zachary A. Goldfarb headlined in the Washington Post, “Economists, Obama Administration at Odds Over Role of Mortgage Debt in Slow Recovery,” and he reported that President Barack Obama and Treasury Secretary Timothy Geithner have been consistently opposed to providing any significant assistance to struggling mortgagees, […]
Obama’s Number One Economic Priority Has Been Backing Big Banks
News

Obama’s $26 Billion Foreclosure Fraud Fix Was Just A Settlement For Big Banks

[credit provider=”Flickr /scad_lo” url=”http://www.flickr.com/photos/lobrooks/6335509073/in/photostream/”] On November 19th, the core of the Obama “Justice” Department’s “49 State Settlement,” of the millions of fraud claims by the suing mortgagees against the mega-banks who were trying to foreclose on robo-signed and other dubious mortgages, was finally announced, and it basically gave the mega-banks […]
Obama’s $26 Billion Foreclosure Fraud Fix Was Just A Settlement For Big Banks
News

Here’s Who Really Benefits When Republicans Change Medicare

[credit provider=”Flickr via artwork_rebel” url=”http://www.flickr.com/photos/artwork_rebel/2547812561/in/photostream/”] An AP story on September 2nd, “In Florida, Medicare Is Not a Senior-Only Issue,”  reports that there is pervasive public scepticism about both Parties, such as: “‘How do you know who to trust in this?’ frets Ed Galate, a few months from Medicare eligibility.He declares […]
Here’s Who Really Benefits When Republicans Change Medicare
News

The Most Important Differences Between Romney And Obama’s Plans For The Budget

[credit provider=”Flickr/Gage Skidmore” url=”http://www.flickr.com/photos/gageskidmore/5447038721/”] Reporters don’t get admission into the innermost important workings of a Presidential campaign until the historians do – if ever – but on some rare occasions there are exceptions to this rule, and now seems to be one, at least of a certain kind.On Wednesday, we […]
The Most Important Differences Between Romney And Obama’s Plans For The Budget
News

Fox News Has Tricked People Into Thinking Obama Is A Big Spender

When I recently posted an analytical news story, “The Claim that Barack Obama Is a Big Spender Is a Big Lie,” numerous conservatives countered by citing commentaries from conservative News sources, such as Eric Bolling of Fox News, and an editorial in Investor’s Business Daily.
Fox News Has Tricked People Into Thinking Obama Is A Big Spender
News

The Claim That Barack Obama Is A Big Spender Is A Big Lie

[credit provider=”Getty”] In response to my “Why We’re Forced to Choose Between a Bad President and an Even Worse President,” a reader said that Obama “has just one fault he cannot quit spending,” and said that, consequently, “he MUST GO!”This basic Republican charge against Obama is a blatant Republican lie, […]
The Claim That Barack Obama Is A Big Spender Is A Big Lie