There’s more evidence of a widening wealth inequality gap in America thanks to 30-plus years of Reaganomics. According to The Atlantic magazine – two-thirds of all new income in America between 2002 and 2007 went to just the top 1% of Americans. That’s 2 out of every 3 dollars in America being sucked up by the richest of the rich.
Draft dodger Dick Cheney has a new book coming out. The man with no pulse is trying to set the record straight about his time in the White House as Vice President – and according to excerpts from the book entitled, “My Time” – which is set to be released next week – Cheney confirms what we all suspected – that he really is that evil. Cheney goes after former Secretary of State Colin Powell for opposing the Iraq War – then
Maybe we should take a tip from France. The French government just introduced a new debt reduction package that includes a 3% income tax increase on people making more than $720,000 a year. But no one is screaming about class warfare in France today – that’s because it was the millionaires and billionaires themselves who asked for the tax increase. In an open letter – some of the wealthiest people in France wrote, “W
The earths is still shaking along the east coast of the United States – after a 5.8 earthquake rocked the small town of Mineral, Virginia and reverberated through the nation’s capitol and several other states up and down the coast – from Georgia to New York. Today – schools and government building are closed in Washington, DC out of fear of after-shocks – and damage has been discovered at the National Cathedral and Washington Mo
America’s biggest transnational corporations have a secret they don’t want you to know about. Arguing that they’ll create jobs in the United States if they just get massive tax breaks – many transnational corporations are refusing to release just how many jobs they have ALREADY created in the United States – and how many jobs they’ve created overseas - over fears that if the American people saw just how much outsourcing they’ve
Homeowners in America are still screwed. As more records from the Federal Reserve go public – we’re learning that the 2008 bailout of Wall Street – known as “TARP” – was just the tip of the iceberg in public funds going to the banksters. In December of 2008 – the Fed secretly gave more than $1.2 trillion in virtually interest-free loans to big banks like Morgan Stanley – Citigroup – and Bank of America. That’s $1.2 t
In a few weeks – the Gang of 12 “Super Congress” will meet to figure out a way to cut $1.2 trillion out of the deficit. So to figure out who’s going to win and who’s going to lose in a potential deal – we should follow the money – and in that case it appears Wall Street will once again make out like bandits. Banksters have given more than $11 million in campaign contributions to members of the Gang of 12 – so we might as w
Who did House Oversight Committee Chairman – and richest man in Congress Darrell Issa - hire to spearhead his efforts to block government regulations on big banks like Goldman Sachs? None other than the Vice President of Goldman Sachs! In one of the most egregious cases of the revolving door on Capitol Hill – the former Vice President of Goldman Sachs – Peter Simonyi – left his job as a bankster – then changed his name to