Friday, August 20, 2010

quote of the day

"I am reticent to characterize myself politically on occasions when I'm really being asked, 'Whose side are you on?' The answer to that question should never be 'the liberal side' or 'the conservative side,' unless the person being questioned is naive enough to think that one ideology or the other has a monopoly on truth."
- Conor Friedersdorf

Tuesday, August 17, 2010

Right-wingers ignoring Obama's actual tyranny

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Citibank



I love this image. This graph depicts the price for a share of Citibank stock between 1988 and 2010. When Bill Clinton took office in January 1993, Citibank stock traded for about $4.10 per share. The lie of Clinton/Bush free market neoliberalism is that the stock market will go up forever, and the economy will grow forever. So long as the politicians remove regulations & taxes, the market will be a wealth-creating machine. On paper, Citibank's profits were big, but the profits themselves were a lie. In reality, the bank was making all its money selling worthless mortgages. Sure, in the short term, the price peaked at $53 in 2007. But in the long run, it's only worth about $4 per share.
-Andy K.

Sunday, August 15, 2010

Obama making Bush's extreme policies "new normal"

ACLU 18-Month Review of Obama's civil liberties and national security record:

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Obama and tortured evidence

Candidate Obama claimed to be opposed to the use of statements from detainees obtained through the use of torture. There's no way around it, President Obama's approach has sadly been a continuation of the Bush years.


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