Moral Outrage
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Posts Tagged ‘economic

The United States as a Third World country (Part 1)

December 4, 2011

The evidence suggests that, without fundamental reforms, the United States will become a post industrial neo-3rd-world country by 2032. Fundamental characteristics that define a 3rd world country include high unemployment, lack of economic opportunity, low wages, widespread poverty, extreme concentration of wealth, unsustainable government debt, control of the government by international banks and multinational corporations, […]

Seven Big Economic Lies

October 12, 2011

These seven economic whoppers are just plain wrong. 1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. […]

Wall Street is not the only place where greed is undermining the American Dream

October 4, 2011

Will the Arab Spring be followed by an American Autumn? It’s sure starting to look that way. Thousands of protesters are taking to the streets—in Boston and Los Angeles, at Occupy Wall Street in New York, and in dozens of other communities across the country. What do the protesters want? A solution to the jobs […]

Why has the US Government made a total mess of a solvable economic problem?

August 11, 2011

Does anyone really know what we have experienced on the global economic scene? Even Nobel Prize winner and economist Paul Krugman writes, “I’m still trying to make sense of this global intellectual failure.” Policy makers almost everywhere have failed dismally, and seem determined not to take on board the lessons of experience, either historical or […]

Protect Yourself in the Global Financial Meltdown

August 9, 2011

With daily economic forecasts projecting doom and gloom and no recovery in sight, people need to learn how to survive economic disaster. Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. This wasn’t the first time Wiedemer’s predictions hit […]

The US Economic View from the Bottom

June 2, 2011

The share of US residents turning to food stamps has risen in nearly every state nationwide in the past year even as unemployment has moderated. Nearly 44.6 million Americans received food stamps in March, up more than 11% from the same time a year ago, the Department of Agriculture said Tuesday. And some 14.4% of […]

What Class War in America Looks Like

March 23, 2011

The wealthiest 5% of Americans control 72% of America’s financial wealth. The bottom 80% control only 7% of the nation’s financial wealth. The richest 400 Americans have more combined wealth than the poorer HALF of all Americans. That means 400 people have more wealth than 150,000,000 people combined. Nearly 80% of all economic gains made […]

Financial terrorism suspected in 2008 economic crash

March 2, 2011

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system. The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of […]

National debt equal to $125,475 per household

February 18, 2011

The federal government has borrowed an additional $29,660 per household in the United States since President Obama signed his economic stimulus law two years ago. That brings the total national debt to $125,475.18 per household. At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood […]

America’s global position by 2025

January 2, 2011

The three main threats exist to America’s dominant position in the global economy: loss of economic clout thanks to a shrinking share of world trade, the decline of American technological innovation, and the end of the dollar’s privileged status as the global rr. Add to this clear evidence that the US education system, that source […]