I was so disgusted by the news yesterday that I switched to Pandora for most of the day. They simply presented nothing new and they repeated it to the point of nausea.
Well, Kay, I noticed that your Repthuglicans passed that anti-union measure that their Repthuglican governor is expected to sign. You have my condolences. Our Damnocrats in Indiana returned home last week after spending a month in exile in Illinois. They did get some minor concessions from the Repthuglican majority but this story indicates that they didn't get near enough.
Shahien Nasiripour at HuffingtonPost notes the celebration in Washington over the supposed profit the government has garnered from the bailout of the major banks. He also notes the fact that the 'profit' depends on selecting the numbers you want to consider. And not all the 'losses' are financial. We now have a system in which the 'too big to fail' institutions are bigger than ever, are a fragile as ever, and as insulated as ever from their own folly.
Robert Reich, also, makes some good observations on the cherry picking of data to create some celebratory good news that is considerably less than good if other, equally valid, data are taken into account. Interestingly, this morning on CNBC, one of the talking heads actually used the term 'bifurcated recovery.' The stock market is strong, the dollar seems to be strong, and companies are making profits. But what about the rest of us?
I thought that Obama supports 'transparency' in government. This story, which got a slight mention on last nights news suggest that he is for transparency--except when he is not. Another reason not to vote for him next time around. I really am getting tired of all of the distasteful things our various levels of government does in my name.
I love this story on the Cornucopia Institute page. I hope the case goes against Monsanto. I don't think it is fair or just for Monsanto to benefit from its inability to keep its seed from contaminating its neighbors crops. I also love the argument that the benefits from the transgenic seed is much over stated especially when the damages are calculated.
Here is a story which made none of the national news media. The opening few lines are especially sad: nowhere was the disconnect between the political movers and shakers in Washington and ordinary people more evident than at that rally--and nowhere was it more irrelevant. I am not sure what the author meant by 'irrelevant' but I know exactly what it meant to me. Nothing we say and no facts we cite will have any bearing on the issue because most of the Repthuglican and Damnocrat seat warmers will listen.
Just watched a segment on CNBC that trumpeted the 'good news' that people who retire this year will need $230k to pay for their medical care--'good news' because it is down from the projected $250k for retires of previous years. Even the new amount is more than half the money I earned over my entire lifetime. What the hell makes these guys think I had the ability to save that kind of money? Figuring on $10k per year over 40 years (and many years I made considerably less), I would only have received a total of $400k. Uncle Sam would have taken between $80k and $100k--leaving $300k. Renting at (an unrealistically low) $500/month (or $6000/year) that amounts to $240k over the 40 year working life. Which leaves only $60k for forty years worth of food, clothing, medical care, cars and their associated costs. Does anyone else see anything wrong with this situation?? I really get annoyed when those so-called experts start spouting these figures without any consideration of how they translate into real life.