Friday, December 6, 2013

READING FOR THE WEEKEND (12-06-13)


The incredible life story of Lyndon B. Johnson (The Claremount Institute).

Yeah, Dick Cheney's still an asshole (Huffington Post).


THE DISCONNECT OF THE RICH AND POWERFUL
How disconnected, entitled, irrational and sociopathic are Wall Street's market players today? The CEO of A.I.G. is comparing Main Street's anger over Wall Street bonuses to the lynching of blacks in the south (Liberty Blitzkrieg).

London Mayor says we should thank the "super rich" ... calls them "tax heroes" (Liberty Blitzkrieg).

Why the super rich really hate Obamacare ... Their so-called "passive income" (capital gains) used to be exempt from the 3.8% Medicare tax. This is no longer the case (Daily Kos).

Twilight Zone moment of the day ... Alan "Bubbles" Greenspan is baffled by the Bitcoin 'bubble', commenting that "To be worth something it must be backed by something." Incredible (Zero Hedge).


THROUGH THE LOOKING GLASS ...
It's called Provide for the Common Defense Act, but it's really the How We Screw the Middle Class Act ... GOP lawmakers are set to introduce a bill that reinstates money cut from military spending (imposed by sequestration), and will pay for it by forcing current employees to pay more into their pensions while cutting social security and Medicare benefits (Government Executive).

How the right talks about race, even when they're not talking about it (The National Memo).

Paid commenters with fake profiles are hired by Fox to troll and spread their false talking points across the internet (Addicting Info).

Delusion Squared ... Former Senator Rick Santorum (R-PA) says Nelson Mandela fought "great injustice," just like Republicans are battling Obamacare (Huffington Post).


WORKERS & MINIMUM WAGE
Raise the minimum wage to $12 an hour (Ron Unz / NY Times).

Want to prevent those on the bottom of our economic ladder from demanding trade and job destroying protections? Then find a way to redistribute the 95% of the wealth that has gone predominantly to the top 1% (Robert Reich / NY Times).

Higher wages help businesses (Catherine Ruetschlin / NY Times).

Canada shows the power of unions (Jim Stanford / NY Times).

In the FYI category ... Here are the characteristics of minimum wage workers for 2012 (Bureau of Labor Statistics).


WELFARE AND WEALTH IN AMERICA
Still one of the best sources for information on wealth, income, and power in America (G. William Domhoff / Who Rules America).

The number of families receiving cash assistance, or welfare, has dropped from a high of 5.1 million in 1994 to a little under 1.8 million in 2013 (Federation of American Scientists / Congressional Research Services).

- Mark 

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