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Friday, March 16, 2012

New Data: How The Richest Got Even Richer


The National Memo
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Friday, March 16, 2012
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THE BIG STORY, BY DAVID CAY JOHNSTON
Starting in 1933, government policy aimed to improve the lot of the vast majority through such policies as massive government-financed jobs and construction programs. But since 1980 policy has focused on helping the already rich get richer still, with such policies as lower taxes and fewer audits. And new evidence of the impact keeps on piling up. READ MORE
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MONEY
The former central banker took a shot at Goldman Sachs and explained that trading "is a business that leads to a lot of conflicts of interest. You're promised compensation when you're doing well, and that's very attractive to young people. All these firms can attract the best of American graduates, whether they're philosophy majors or financial engineers, it didn't make any difference." Sadly, Goldman Sachs also seems to appeal as a landing pad for former Obama officials. READ MORE
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VIDEO OF THE DAY
An especially bronzed Vice President Joe Biden made his first major campaign appearance before an audience of auto workers in Toledo on Thursday, mounting a ferocious assault against the Republican Party and reprising his role as the Obama campaign's folksy warrior. Ticking off the Republican presidential candidates one by one, Biden declared, "If you give any one of these guys the keys to the White House, they will bankrupt the middle class again." READ MORE
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POLITICS
Indiana Senator Richard Lugar has been ruled ineligible to vote in his former home precinct by the Marion County Election Board.

The board ruled that Lugar, who moved to Virginia with his wife after he was elected to the Senate in 1977, has abandoned his Indiana home and can no longer claim residency there. If the ruling stands, it would mean that Lugar will be unable to vote for himself (or anyone else) when Indiana Republicans cast primary ballots in May. READ MORE
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WAR AND PEACE
The American military campaign in Afghanistan suffered a double blow Thursday: The Taliban broke off talks with the U.S., and President Hamid Karzai demanded that NATO troops immediately pull out of rural areas in the wake of the killing of 16 civilians. READ MORE
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GO DIRECTLY TO JAIL
Former Illinois Governor Rod Blagojevich arrived at a federal prison in Colorado on Thursday, where he's poised to serve a 14 year prison senetence for corruption. Life on the inside will be a big change for Blago, and former Missouri State Senator Jeff Smith wants to help ease his transition. Smith, who served a year in federal prison for obstruction of justice, compiled a list of 12 prison tips for Blagojevich -- featuring such advice as "don't change the TV channel, especially if women's track is on" and "don't eat the Snickers." READ MORE
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CARTOON OF THE DAY
Danziger Cartoon
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