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Bruce Enberg's Commentary

272 billion reasons to feel depressed

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In case you’ve missed the good news on the corporate media; the total GDP of the US is now greater than it was before the Bush crash. Not surprisingly, President Obama gets no credit for this. Just saving the auto industry is a big deal. Let’s cut through the Republican crap on this; the loans to GM and Chrysler weren’t designed to save those companies per se.

Detroit automakers could have in theory recovered using traditional bankruptcy protections, in other words by stiffing their creditors. The problem with this “solution” is that it would have in fact killed not only GM, Chrysler and Ford; but Toyota had said flatly that they would cease North American operations under the Republican solution pushed by Mitt Romney and Senators from the southern states.

Last Updated on Tuesday, 31 January 2012 23:40 Read more...

Name a Prison for him

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Capitalism shouldn’t be confused with business or anything else that’s good for you.

Simply put, capitalism is the buying and selling of someone else’s business, whether it’s the looting of companies by the Leveraged Buyout Specialists at Bain Capital, or the monopolization of a particular commodity by the likes of Enron. A capitalist by definition does not create, does not produce, and does not contribute to anything but his or her own bottom line.

Capitalism is about the use of capital to one’s own advantage while taking what other people have produced, and nothing else. It’s not about workers vs. employers except that capitalism demands the exploitation of workers because there’s profit to be had there. That's not different from the profits made in war or any natural disaster when capitalists are allowed to take advantage of the situation.

Last Updated on Thursday, 26 January 2012 15:03 Read more...

Petroleum Economics 0.001

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The right wing talking heads who serve the 0.001 are screaming about Obama betraying the country by killing the Keystone XL Pipeline project in order to pander to his liberal base. Liberals who are so crazed by this pipeline issue as to allow Romney to become President over it, will not support Obama anyway. They will not support him, either because of other issues, or because they believe he will simply approve Keystone the day after the election, regardless of the consequences.. His weasel words  - used in order to appear centrist on the issue - give them good reason to think this, but I'll bet 10,000 Romney’s that this pipeline is dead as long as Obama is President.

Last Updated on Thursday, 19 January 2012 17:18 Read more...

When the Cheshire Romney Fades Away, Only the Creepy Smile Remains

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What is it that’s so creepy about Willard? It’s because Romney gets a certain look on his face when he thinks he’s said something overwhelmingly clever; it’s like he expects a certain reward. You see this a lot with right wingers; it’s something hardwired into their brains.  It’s occurred to me where I first saw this: his expression looks just like the one the old WB animators would put on the faces of the two human characters that Bugs Bunny always encountered stranded on the desert island. It’s when the one castaway would look at the other and see him as a pork chop; it’s insatiable hunger, barely contained anticipation and utter madness all rolled into one facial expression.

Last Updated on Wednesday, 18 January 2012 00:10 Read more...

Quiet Rooms

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A new Pew Research study came out this past week that focused on how the Americans view of class warfare has changed over the past two years. The numbers showed a dramatic shift toward more awareness of the inequality between economic classes, and this cut across all political demographics. Most notably, the change occurred without regard to party affiliation, with the greatest increase occurring among independent voters. That sentiment rose more than half, going from 45% to 68%.  The mumber among  Democrats increased 18 points to 74%, and even Republicans awareness of the rift increased 17 points to 55%.

These numbers don’t indicate why any of the respondents responded as they did.  It’s possible that the Republican and independent numbers reflect the perspectives of some who see a conflict, but view the rich as the victims in this class struggle, despite the lap of luxury in which their “suffering” takes place.

Last Updated on Monday, 16 January 2012 00:07 Read more...

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