Socialist?

Ouch!  This one stings.  From The Big Picture blog:

US vs Europe: Who is the Welfare State?

-Europe has cradle to grave health care plans, generous unemployment benefits, and free or subsidized college costs.

-The US gives away public assets (oil, gas, mineral rights)  for pennies on the dollar, has huge subsidies and tax breaks, and bails out reckless speculators.

It turns out that both regions are welfare states — only in Europe, the natural population (i.e., people) is the recipient, while in the US, the corporate population is the beneficiary.

Ferdinand Pecora Buzz

Found some blogs, here and here, asking for a new Ferdinand Pecora and a new Pecora Commission.  The ‘ole New York Times mentioned it back in January and it is a pretty good read besides being a good history lesson.

Click the links.  Enjoy and hope.

Stuff I Always Knew, But Somebody Else Pointed Out

From the NYT:

“Forty-four percent of employees live paycheck to paycheck, according to a survey conducted by MetLife in late 2007, and 48 percent of American households have less than $5,000 in liquid assets according to Edward Wolff, an economist specializing in the study of poverty and income distribution at New York University. ” (Emphasis added.)

My question is why do so many of that 44% vote Republican?