Notes from the new Gilded Age

Erik Loomis argues that America is “Headed Back to the Robber-Baron Era,” writing that “We are recreating the Gilded Age, a period when corporations ruled this nation, buying politicians, using violence against unions and engaging in open corruption.” The donors at Mitt Romney’s Hampton’s fundraiser sure seemed to agree with Loomis — excepting, of course, [Read More...]

Equifax, Experian and TransUnion await their asbestos moment

If you watch late-night television, you’re bound to see plenty of commercials for law firms soliciting clients for their big class-action suits involving asbestos and mesothelioma, or targeting those who’ve suffered side effects from a wide array of popular medicines. I will take it as a sign that America is getting better when I start [Read More...]

‘I don’t think the common person is getting it’

Today’s jaw-dropping must-read is by Maeve Reston of the Los Angeles Times, “Donors arrive at Hamptons fundraisers with advice for Mitt Romney.” The line of Range Rovers, BMWs, Porsche roadsters and one gleaming cherry red Ferrari began queuing outside of Revlon Chairman Ronald Perelman’s estate off Montauk Highway long before Romney arrived, as campaign aides [Read More...]

The poor and the needy are selfish and greedy …

mcduck

“Companies steal close to 10 billion dollars annually in unpaid overtime.” “It takes an emotional toll, it takes a mental toll, it takes a physical toll.” “College students are facing a roughly $20 billion increase in the cost of their federal loans.” “When you hear a politician promising to exempt the retired and near retired [Read More...]

One Step Up and Two Steps Back

One step up … Mary Beth Quirk: “California Goes Gangbusters Against Abusive Lending, Passes Sweeping Foreclosure-Protection Law” Hey, rest of the country that isn’t California! This is how you do it: California legislators went ahead and approved a sweeping bill on Monday that is basically a homeowner bill of rights, including ending abusive practices by [Read More...]

‘The Cult of the Individual and the Idolatry of Greed’

Michael Bird is a very conservative evangelical theology professor. He’s theologically conservative in the tradition of evangelical orthodoxy and, like many evangelicals, he’s very politically conservative on social issues, opposing, he says, “same-sex marriage, euthanasia, and abortion, etc.” But Michael Bird is not an American. He teaches in Australia and formerly lived in the UK. [Read More...]

To save money, don’t exclude the poor, exclude the sick

The Republican privilege-principle of Tyler Cowen, Bryan Fischer and Rick Perry isn’t just morally monstrous, it’s also bad economics. “We need to accept the principle that sometimes poor people will die just because they are poor,” says Cowen. “There is simply no way to control the cost of health care if hospitals are obligated to [Read More...]

‘Poor people will die just because they are poor’

That’s a feature, not a bug. It’s a boast, not an accusation. It is, the speaker says, a “principle” that must be “accepted,” not an injustice that must be corrected. It sounds like an accusation — “You people think we should just accept that poor people will die just because they are poor.” That sounds [Read More...]


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