Saturday, August 27, 2011

Warren Buffett Stinks up the Billionaires' Garden Party


Billionaire investor Warren Buffett has been preaching higher taxes for the extraordinarily well-to-do for more than a decade, but his August 15th Wall Street Journal op-ed was apparently the last straw for some of his pampered fellows in the velvet pantaloon club. Buffett had the temerity to remind us once again that despite his extraordinary wealth and income, he pays a lower percentage of his income in taxes than ordinary working class Americans. He asked Congress to finally stop "coddling billionaires" and make them pay their fair share, a vulgar indiscretion prompting a fusillade of grunting protests from the ivory towers of Koch Industries to the grimy corridors of the right wing blogosphere.

Saturday, August 20, 2011

Dancing with the Devil: Obama's Perilous Pragmatism


President Obama's much-ballyhooed and much-maligned bus tour was reputedly an attempt to "pivot back to jobs" and reconnect with voters increasingly dubious about his ability to right our listing economy. Predictably, Republican Presidential candidates were quick to disparage Obama's message and his performance.