Esrati on the Economy

Ross Perot was right.

The last major third party candidate to make it on the ballot (Ross Perot) had it right- there was a giant sucking sound coming, and we didn’t listen. But, it’s more than just the sound of “free trade” sucking jobs from our highly regulated- centrally directed economy (and don’t say it isn’t after the bailout Read More

FICO and Ohio-3

For all the talk about the unemployed going to work for small businesses, or start-ups to get us out of this depression, there is one major stumbling block: FICO Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, Read More

Something to think about: systemic failure and the blame game

Reader Truddick included this video link in his response to my post this morning: Nation or Empire. It’s by Professor David Harvey, City University of New York (CUNY), who teaches courses on Marxism. At the end, it talks about candidates spewing the typical pablum– something I try hard not to do. Do I believe that Read More

Concrete vs. liquid

“Liquidity” was the invention the wizards of Wall Street came up with to create a lot of fake wealth and transactional opportunities for them to siphon off “investors’s” money for themselves. The great run-up in GDP thanks to all this liquid capital came to a crashing halt in the fall of 2009 when the banks Read More

17.5% of Ohioians underemployed

This isn’t a comment on the Democrats or the Republicans in Congress- because they all have failed the American working class. Frankly, how we can let people make over a million dollars a year, while shutting down plants- sending people to the unemployment and underemployment lines is criminal. Especially while we are fighting two wars. Read More

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