Tag: record profits

Occupy!

Yesterday, in a coordinated effort, many of the #Occupy movements were “closed down.” From California to New York, police moved in and cleared out encampments. Now, I think it is critically important for us to review what the #Occupy Wall Street movement is all about. To me, this movement is about Us. Our democracy has stopped working for Us. Over the last 30-40 years the scales have been tipped in favor of the rich and corporations. Politicians have stopped listening to Us. Instead, they listen to corporate lobbyists and the very rich. If you don’t believe this and you don’t believe

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That Huge Sucking Sound is Jobs Being Exported

Over the last 30 years, we’ve been told that we needed to “unleash the beast.” What that was holding back Wall Street were all these regulations. Once we broke down those barriers capital will be free to flow. So we slashed taxes. We cut regulations. We cut import and export taxes. We broke down the barriers between insurance companies and investment companies and banks. We allowed banks to take on more and more leverage. As promised, Wall Street took off. The Dow Jones Industrial Average rose to heights never dreamed of before. Huge corporations were raking in record profits quarter after

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Dems hold strong and no budget cuts

First, let me say I told you so. I spent the last two years (here, here and here) I have been talking about our economy and the recession. I talked about some of the causes of our financial collapse. I talked about some of the strategies for getting things turned around. I said that the government must spend money. There’s no other entity within the United States that has the power and size to be able to move our economy. Republicans, on the other hand, have been running around screaming that the government is too big. We have too much regulation

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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