Mike's Blog Roundup

Obsidian Wings: Farewell, Hilzoy

skippy the bush kangaroo: The same Republicans who scoffed at the CBO during the Bush administration's crazed spending and tax cutting, now revere the office's prognostications

AverageBro: Mr. "I Been Had" is back

A Tiny Revolution: Interview with Wendell Potter, a former head of corporate communications for CIGNA who finally listened to his conscience, left behind the blood money, and started talking about the evil he was doing as a shill for the health care denial industry.

Bitch Ph.D.: PUMAS are all about the white ladies

Danger Room: Company denies its Robots feed on the dead



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7 comments

of a 'Depression' but when the real unemployment rate is over 20% in many of America's big cities well go figure.

representative says that the real worst is over, cuz, less people are using Google to search for the term depression. Kid you not. And this person is a well paid economic "expert".

(less people are using Google to search for the term depression)
thanks to techno triumphalism everyone can now happily tweet and twitter their lives away.

Next up, what happens when the consequences of financial chicanery finally outpace the ability of the governments, central banks and big media to cover up and obfuscate the truth?

CBO

MTP; Gregory just couldn't or wouldn't get it that the CBO figure for health care expense is about not paying for itself is from one partial study of a congressional version of the health care plan; do we get some balance, say, a MTP host/hostess that isn't all about the wingnut POV, ever?

It's July 19th and Bush is not President.

Found under the heading, the Capitalists will sell you the rope with which to hang them…

From Naked Capitalism here:

Low-wage capitalism : colossus with feet of clay– what the new globalized, high-tech imperialism means for the class struggle in the U.S. ….

By Fred Goldstein, his entire book in pdf (free for the download! copyright to be observed), here.

Yves Smith (whose economic insight I study, even as it is generally pro capitalist) says below the heading:

This actually looked quite interesting (I only looked at chapter headings and a few bits here and there, I will confess) and I think most readers can read past the Marxist orientation and focus on the underlying dynamics. It has a lot of case studies. Hhhm, is this an indicator that Marxism is having a mini resurgence?

here

The orientation IS Marxist, in order to focus on the underlying dynamics one needs to understand the confusion foisted on Americans by the Oligarchs, that is, the Bourgeoisie, who DO NOT want class consciousness to develop.

If one sells one's labor power to a boss, one is a WORKER, ergo a member of the proletariat. That is not middle class because they are the managers, you can be a well paid member of the proletariat, you can even wear a white collar. The surplus value of your work is the profit of the boss. The greater the surplus value, the greater the profit. The middle class side with the Boss.

This is the confusion that has tended to placate what is generally, but INCORRECTLY, described and thought of as the great American middle class. This is a hoax. The veil is coming off the hoax.

When you move from a relatively high paid job as a worker, to low paid job as a worker, which many are doing today if they are lucky enough to find any job at all, they are not LEAVING the middle class, they are just being paid less in the same proletariat.

Coooooome baaaack, Hizoy......

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