Author's posts
Oct 15 2008
Pony Party
This is a Pony Party. Treat the Pony Party as an Open Thread and the Pony Party will treat you well. Do not rec the Pony Party, as it may come back to bite you if you do!
Oct 14 2008
Liquidating the Empire
Original article, by Pat Buchanan, via antiwar.com:
“Liquidate labor, liquidate stocks, liquidate the farmers.”
So Treasury Secretary Andrew Mellon advised Herbert Hoover in the Great Crash of ’29.
Hoover did. And the nation liquidated him – and the Republicans.
Oct 13 2008
On the possibility of calling a general strike
Original article, titled The General Strike and the “Communist Party” by Ted Grant (originally published in Militant (July 1971)) via the Ted Grant archives:
The possibility and the problems of a general strike are coming up for discussion among advanced militants in the trade union movement all over the country. Even ordinary trade unionists not particularly active in the trade union and Labour movement, in response to the economic and political situation, are raising the question in their factories and workplaces, and union branches. Resolutions are coming before union conferences.
Oct 10 2008
US told to increase nuclear arsenal as China threat looms
The US must increase its nuclear arsenal in response to China’s growing military might, according to a State Department report.
Oct 10 2008
Lessons of the 1990s recession in Japan
Original article, by Jared Wood and subtitled Is the US economy also heading for a ‘lost decade’?, via The Socialist (UK):
ECONOMISTS AND political leaders are looking to the recent economic history of Japan with growing fear. Japanese share prices are today 70% lower than at their 1989 peak, while property values are about 40% lower than they were in 1990. Economic (GDP) growth in the 1990s averaged less than 1% a year, leading economists to talk of the “lost decade”.
Oct 09 2008
Why the panic won’t stop
Original article, by Lee Sustar, via socialistworker.org:
Tomorrow, tomorrow
I love ya, tomorrow
You’re always
a day away!
– From the Broadway show Annie
SO MUCH for that $700 billion bailout that was supposed to save world capitalism.
Oct 08 2008
Pony Party: Music fo Bloodsuckers!
This Pony Party is intended as an open thread! Please do not rec the Pony Party!
Oct 07 2008
Salesman of the month for Wall Street
Original article, an editorial subtitled The Democratic nominee was personally responsible for delivering the votes on the bailout bill, via socialistworker.org:
THE BANKERS will soon begin collecting their $700 billion ransom from taxpayers. And they can thank Barack Obama for helping them get away with it.
Oct 06 2008
No more deluded by reaction
Original article, by Alexander Cockburn, titled CounterPunch Diary and subheaded Creatures of Capital, via counterpunch.com:
Have no doubt that the bailout of the financial sector is reactionary. It’s a bunch of little boys sticking their fingers in the dike to save the bosses. Unfortunately, there are many more muskrats on the other side weakening the dike.
Oct 05 2008
Yeah…what Trotsky wrote!
Original article, titled Slumps and struggle and subheaded The writings of Leon Trotsky shed light on the complicated relationship between booms, slumps and class struggle, writes John Rees, by John Rees via Socialist Worker (UK):
George Bush’s apocalyptic televised address in the US last week will have signalled the seriousness of this economic crisis – even to those not already aware of it.
Oct 03 2008
These be your House heroes!
From the House Clerk’s Office (the bailout vote): http://clerk.house.gov/evs/200…
Oct 03 2008
The Labour Party – to heal the system or to hasten its end?
An editorial from Socialist Worker (UK):