THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

The next wave of mortgage defaults

More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover.

Webmaster's Commentary: 

The government borrows a ton of money, sticks us with the payments via taxes, then debases the currency by having the Federal reserve print up more of it, then gives tax credits to corporations to make it easier for them to send high paying jobs to other countries.

Then they stand around scratching their heads and wondering why those "danged deadbeat" Americans can't pay their bills!

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