Siphoning off the cream

Instead of creating new wealth, the elite have siphoned the cream.

Instead of creating new wealth, the elite have siphoned the cream.

By Henry McRandall
WRISEUP.COM

U.S. President Barack Obama this morning warned a gathering of American governors that the people would no longer accept “business as usual” in Washington and the state capitals. He forgot to mention popular rejection of business-as-usual in corporate boardrooms.
And that is where the real action must be.
For the last 30 years we have seen tax cut after tax cut after tax cut for corporations and the wealthy – in both the U.S. and Canada.
The tax cuts were repeatedly justified under the pretext that they would enable the corporations and the wealthy to invest more and to create new wealth that all would share. It was called “trickle-down economics.” Continue reading “Siphoning off the cream”

Another day, another economic disaster

Bank of America may soon be nationalized.
Bank of America may soon be nationalized.
By Henry McRandall
WRISEUP.COM

It seems that each new day now brings a new disaster for the battered U.S. and global economies. Today the American government acknowledged that it may have to nationalize two of the country’s largest banks – Citicorp and Bank of America.
Between them, those two financial giants have already received $40 billion (U.S.) in TARP (Troubled Asset Relief Program) funding.
Continue reading “Another day, another economic disaster”

Begrudging excessive wealth — for a reason

Excessive concentration of wealth is killing the masses.
Excessive concentration of wealth is killing the masses.
By Henry McRandall
WRISEUP.COM

Yesterday the U.S. Federal Reserve drastically downgraded its own projections for the American economy this year, predicting now that the U.S. economy will actually shrink and joblessness will soar.
Every new set of projections seems to grow worse and it should come as no surprise because world leaders simply will not acknowledge the crux of the current global economic chaos – the excessive concentration of wealth in the hands of the top two percent of the population.
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A stripped-down, honest look at grief — from inside my own personal hell

Losing my Mom, Connie (Dickerson) Bodrogkozi, was devastating
Losing my Mom, Connie (Dickerson) Bodrogkozi, was devastating
Losing my Grandma, Ilona Bodrogkozi, literally blew me away.
Losing my Grandma, Ilona Bodrogkozi, literally blew me away.

By Mike Bodrogkozi
WRISEUP.COM

So here I am having another non-productive day, sitting in amidst my own lonesomeness, like a pig wallowing in its own shit. This has been my own personal hell as of late.
Like the champion prize fighter, I now feel defeated, broken and beaten for the first time in my life. Normally charismatic, and having a larger-than-life personality, I now feel weak and voiceless.
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Dare to think it. Dare to say it.

The corporate mass media try to stifle free speech.
The corporate mass media try to stifle free speech.
By Henry McRandall
WRISEUP.COM

Noted American linguist and social commentator Noam Chomsky has aptly detailed the role of the corporate mass media in a corporate capitalist society: The manufacturing of public consent for the corporate agenda and the socioeconomic status quo.
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Chavez wins right to run again

Hugo Chavez's referendum victory was a victory for the masses.
Hugo Chavez's referendum victory was a victory for the masses.
By Henry McRandall
WRISEUP.COM

Venezuelan President Hugo Chavez won a referendum yesterday on a constitutional amendment that would allow him to run for a third term as president. His victory was also a victory for the masses.
Had the voters of Venezuela not approved the change, that country’s Bolivarian Revolution would probably have ended when Chavez’s current term as president of the South American country ends in 2012.
For the first time in their history, when they first elected Hugo Chavez’s 21st Century Socialists a decade or so ago, the Venezuelan people had been able to elect a government committed to the interests of the masses rather than just those of a tiny, privileged and pampered socioeconomic elite
of Venezuelans and foreign corporate investors. Continue reading “Chavez wins right to run again”

Alberta’s tar sands monstrosity

Stelmach, like Harper, cares more about the greedy than the needy.
Stelmach, like Harper, cares more about the greedy than the needy.
By Henry McRandall
WRISEUP.COM

Ever since the election of Canada’s first Stephen Harper Conservative minority government, Alberta’s tar sands development has been a key reason for this country abandoning its Kyoto commitments. It is now also an evident cause of many premature Alberta deaths.
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World leaders’ heads are buried in the sand

World leaders won't face up to the economic reality.
World leaders won't face up to the economic reality.
By Henry McRandall
WRISEUP.COM

The greatest tragedy of the current global economic crisis is that it’s likely to drag on for years simply because world leaders have their heads buried in the sand. They will not ‘fess up to the reality that the excesses of corporate capitalism have killed the goose that laid the golden egg.
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