Naked Capitalism

Economic Populist: CBO, on the public dime, peddles BS to the public.

Burning the Midnight Oil for Economic Populism

Yves Smith at the excellent and insightful Naked Capitalism has recently been taking at a close look at the role of the Congressional Budget Office, the vaunted "CBO", in the "fiscal cliff" scam that the corporate aristocracy is attempting to perpetrate on us mere commoners.

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President Obama, Mitt Romney, and Congress: Fiscal Cliffs, Deficit Terrorism, and Homeless Children

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As you all know it's election season, and for that reason I am advised by some Democrats to shut up about the dire issues of the day that all of Washington D.C are failing all of us on. They say to wait until they don't have to care about us or these issues. By that time they will be on their way to "sequestering" and slashing Social Security and Medicare in their sellout grand bargains. They say unless good words are heard our President can't spread his wings and fly like a bird on to victory in 2012.

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The Economist via Yves Smith: U.S. Cities May Seek $40 Bln Damages Due to Banks’ LIBOR Fraud

With all the noise being generated throughout the business press about LIBOR-gate (the fraudulent manipulation by many of the world’s largest banks of the London Interbank Offered Rate and the LIBOR-OIS spread), it’s nice to see folks finally getting down to brass tacks and discussing just how much money in damages will be sought out by those adversely affected by the scandal on this side of the pond.

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Your Tired, Your Poor, Your Jobless Masses: They Don’t Want to Talk About You in This Campaign

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That’s right; the tired huddled masses yearning for a living wage need not apply for real representation in 2012. Many do not want to talk about it during campaign season. However, it’s not going away, and there’s a reason; unlike what neoclassical/neoliberal economic garbage stipulates, high unemployment can continue on indefinitely.

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