naked capitalism

Richard Kline says:

Re: Dean Baker’s commentary, look it’s been stone obvious for 25+ years that the Beltway class, and indeed most of the punditocracy, _loathe_ wage earners. Contempt, nothing more emanates from their quarter which they presume lies above it all. This is part of why we see such a ‘bipartisan consensus’ at the editorial level in the MSM for corporate greed uber alles. And just an ideological contempt is insufficient; these bozos are quick to lie, too. Witness Baker’s tracing down the phone $800 per car in concessions the Post hopes to have enforced: it would be no more than $270 if the Post got all it wanted out of the UAW’s hide. Just as with the phony $73/hr meme.

Workers count for nothing beyond window-dressing in the media, one more reason not to waste any coin on buying a newspaper.

Anonymous says:

Re: Dean Baker’s commentary;

Ho Hum …

Way over paid system twit Dean Baker and the Post do the now formula (oh so forced and contrived), divide and conquer decoy dance, meant to reinforce and grow the perpetual global conflict of the underclass and completely take the readers eyes of of the underlying causative problem — the aggregate generational corruption of the now blatant scam ‘rule of law’ (bought and sold and restyled more times than an old fur coat) which has so tilted the playing field towards the ruling elite that it is now a simple ‘no contest’.

Let’s keep the real class hatred lines clear here; it is the controlling wealthy elite and their sell out shills against all others.

Step out of the purposefully created and over promoted decoy fray and look at the big picture …

The union busting in the auto industry is a small part of the greater Strauss neocon effort to reduce the global society to one of a stated goal of a two tier ruler and ruled middle class free arrangement with the ruled in perpetual conflict with each other.

This is why, triggering events aside, they are rioting in Greece and China. This is why those riots are spreading to Europe right now and will soon be common place in America. Forget talk of conspiracy, examine the reality of what is really happening and look at the root causes.

A very small group of shill scum bags now hold the world by the credit balls and they are slowly firming their grip. They are not simply ‘inept’ fools. They are quite good at what they are doing.

Deception is the strongest political force on the planet.

i on the ball patriot

I'm bad and I'm honest about it says:

I find it interesting that the article on Milgram Redux concludes : “good people can be induced to do bad things by the authorities, but that doesn’t mean they’re not still good people”. I bet a lot of people unconsciously nod along with the wisdom of that line.

If you voluntarily and knowingly participate in an activity that causes human suffering, are you a good person?

I think we all secretly know the answer but prefer not to think about it because of what it says about life here in the US.

Now go out and shop, dammit. Our precious economy depends on our retailers selling trinkets made by Chinese slave laborers.

lineup32 says:

Mr. Mortgage: “Tumbling house prices have rendered all mortgage debt highly suspect and most institutions that hold it insolvent. This is the exact reason why the banks will not allow principal balance reduction mortgage modifications: the credit hits would be too great.”

Another indication how our path and Japan follow similiar lines and will end at the same location.

tlk says:

Suggested linkNYT:How India Avoided a Crisis
India had(has) a housing bubble, but no bank failures, due to conservative(may be we should call it progressive) regulations. The bubble was financed by foreign(US) entities

Jojo says:

Poster for masochistic cat? That looks painful!