On September 15, 2011, a Wall Street lobbying organization known as “Third Way” proposed that the congressional “super committee” adopt a stringent austerity program.
Third Way’s tag line on its web site is “Fresh Thinking,” but it simply a mouthpiece for Wall Street’s curdled ideas. Continue reading
By William K. Black
(Cross-posted at HuffingtonPost.com)
Third Way, lobbyists for and from Wall Street who are leading the effort to enrich Wall Street by privatizing Social Security, was created by Wall Street to fool some of the people all of the time. I have written previously to expose their fictional claims to be a moderate or liberal Democratic group. Continue reading
Posted in William K. Black
Tagged banksters, social safety net, Social Security, Third Way, wall street
By William K. Black
(Cross-posted at Benzinga.com)
Greetings from the Third Annual Kilkenomics Festival in Kilkenny, Ireland. The Irish bubble (as a percentage of GDP) was twice as large as the U.S. bubble. I’m returning to the U.S. to provide economic commentary for al Jazeera’s election night coverage. (Yes, I voted via absentee ballot.) Continue reading
The Washington Post leads the pack when it comes to generating what scientists term a “moral panic” about budget deficits. As part of that effort they generated the series of myths that Paul Ryan was “serious,” “courageous,” and “expert” about “solving” the “deficit crisis.” The newspaper’s theme is that anyone who doesn’t fall for their effort to create a moral panic is not “serious” and should be ignored. The paper runs a column by Robert J. Samuelson that is devoted to generating a moral panic about the deficit. Like Ryan, his central targets are imposing austerity and cutting Social Security, Medicare, and Medicaid. Continue reading
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