• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ga6thDem on Brief observations, Hillary Cl…
    Ivory Bill Woodpecke… on Brief observations, Hillary Cl…
    bellecat on Brief observations, Hillary Cl…
    HerstoryRepeating on Brief observations, Hillary Cl…
    HerstoryRepeating on Brief observations, Hillary Cl…
    Seagrl on Brief observations, Hillary Cl…
    bellecat on Brief observations, Hillary Cl…
    Seagrl on Brief observations, Hillary Cl…
    Seagrl on Brief observations, Hillary Cl…
    Ivory Bill Woodpecke… on Brief observations, Hillary Cl…
    Catscatscats on Brief observations, Hillary Cl…
    Catscatscats on Brief observations, Hillary Cl…
    William on Brief observations, Hillary Cl…
    William on Brief observations, Hillary Cl…
    riverdaughter on Brief observations, Hillary Cl…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    October 2019
    S M T W T F S
    « Sep    
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • What Protests in Lebanon, France, Chile and Ecuador Have In Common
      There’s some important events happening today: another Brexit vote, and the Canadian federal election (whose results are not obvious), but we won’t know how either of those end till later, so let’s discuss some popular protests of massive size. In France the protests were sparked by an increase in diesel taxes. The demands included an […]
  • Top Posts

  • Advertisements

Jeez, it’s only your pensions. Give a banker a break

Reversing the kettling procedure in Madrid, Sept. 25, 2012

Yesterday, Madrid had massive protests over austerity measures.  Today, it’s Greece.  Will Ireland follow suit or are they just into suffering?

Time will tell but it looks like people will need to get a lot more insistent before the bankers and governmental officials get the point.  Austerity and scarcity are artificially constructed situations.  What governments haven’t had the guts to do is tell their banker gamblers to take a haircut.

And then there’s all those 401Ks that need to be appeased.  We brought that on ourselves when we listened to the gamblers and decided to join them at the global casino instead of saving most of our retirement money in nice, boring pensions.  You know, the nice boring pensions that our parents retired on and live a nice, comfy lifestyle with a paid for house and a yearly cruise to the Panama Canal?  Is that so awful??  No, it is not.  But it is certainly not what you’re going to get if the stock market takes another steep, steady dive and fails to recover before you’re old enough to retire.

Anyway, the peasants are revolting.  Go peasants!

Advertisements