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Democrats: The Other Capitalist Party

"This Nation Believes in Capitalism"

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Latest Entries

Unemployment Disaster: Obama's Katrina

Thursday, 26 November 2009 8:47 P GMT
His economic team's resistance to a second stimulus, "lukewarm" reaction to Congressional jobs legislation, and prioritization of deficit reduction over job creation certainly has the feel of a taking-in-the-damage-from-2,500-feet flyover moment.

Raging Bull Banks [Out of Control]

Thursday, 26 November 2009 8:47 P GMT
Banking profits in 2009 are on track to exceed the record set three years ago, at the height of the credit bubble. Wall Street will never be fair while industry lobbyists wander the halls of Congress, sucking the life out of financial reform.

Democrats: The Other Capitalist Party

Thursday, 26 November 2009 8:46 P GMT
One year after the worst financial crisis in postwar history, nothing's been done to rein in the banks. Quite the opposite: The government has handed trillions to the banks while the Federal Reserve is holding interest rates at extremely low levels.

Afghanistan: Obama Intensifies Imperial Folly

Wednesday, 25 November 2009 8:30 P GMT
Obama is prepared to send more than 30,000 extra soldiers to back the US occupation of Afghanistan. The increase sets the stage for an increase in US military violence in Central and South Asia and a confrontation with anti-war protesters at home.

American Casino Capitalism

Wednesday, 25 November 2009 8:30 P GMT
Andrew and Leslie Cockburn have produced the best movie of the year. "American Casino" tells the story of the financial crisis, which started with the meltdown in subprime lending and ended up triggering the deepest slump since the Great Depression.

Reality TV: Who'll Be the First to Win by Killing Himself?

Wednesday, 25 November 2009 8:30 P GMT
Doctors, nutritionists and physiologists express doubt about “The Biggest Loser.” The program’s regimen of severe caloric restriction and up to six hours a day of strenuous exercise can cause contestants to sometimes lose more than 15 pounds a week.

Economic Crises Allow Capitalism to Increase Exploitation

Tuesday, 24 November 2009 8:28 P GMT
Governments now see the virtues of managing the economy. But this won't lead to a more just society. Bourgeois theory is little more than an ideological prop for capitalism. Policy making is always to sustain the conditions for wealth accumulation.

Barack Obama: Fallen Idol

Tuesday, 24 November 2009 8:27 P GMT
Heralded by Advertising Age for giving "tainted brand America" an "instant overhaul" (as open, progressive, egalitarian, and democratic) Obama has if anything out-done my "cynical" expectations od the largely media-created "Obama phenomenon."

Bourgeois Anxiety & Horror Films

Tuesday, 24 November 2009 8:27 P GMT
Being a Marxist for a minute, you notice that both vampires and zombies embody profound bourgeois anxieties - as you?d expect given their origins in the 19th century. It's the middle-class curse - caught between proletariat zombies and vampire toffs.

Wall Street Finds New Ways to Milk Old Mortgages

Monday, 23 November 2009 9:32 A GMT
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess. Investment funds are buying billions of dollars? worth of home loans, discounted from the loans? original value.

Khalid Shaikh Mohammed Show Trial [Hang Him High]

Monday, 23 November 2009 9:31 A GMT
Giving Mohammed a court trial do so on the grounds that there are no risks as Mohammed is certain to be convicted and that ?a civilian trial will show that 9/11are defendants guilty in the fairest of all courts.? A 'fair trial'? That's impossible.

Obama Fails the Working Class

Monday, 23 November 2009 9:31 A GMT
Obama, as the representative of the US ruling elite is incapable either of reforming things?by curbing the profit-gouging on Wall Street that triggered the financial crisis?or of providing social reforms that would benefit the working class..

From Poker Player to Trader on Wall Street

Sunday, 22 November 2009 6:25 P GMT
A large number of hedge funds and brokerages are looking at professional poker to find talent and analytical tools. “Someone who's made a successful living as a poker player for a few years would more likely be a good trader in today's market."

Protecting Us from Credit Card & Mortgage Hustlers

Sunday, 22 November 2009 6:25 P GMT
With the creation of the Consumer Financial Protection Agency, they'll finally have a watchdog to oversee financial products, giving Americans confidence that there is a system in place that works for them – not just big banks on Wall Street.

Oprah Winfrey & The Dumbing Down of America

Sunday, 22 November 2009 6:23 P GMT
Nobody has contributed more to the dumbing-down of America and its increase in mediocrity than Oprah Winfrey. Her so-called leadership ability lies in self-gratifying sustenance via mindless consumerism. She typifies the narcissism of pop culture.

Reaganomics to Obamanomics: Raw & Brutal Capitalism

Saturday, 21 November 2009 10:30 A GMT
We've been hoodwinked into believing that unfettered capitalism espoused by Milton Friedman, promoted by Reagan and the rest is acceptable. I know that if we "stay the course" it will be ugly. The current economic meltdown is a harbinger.