Black Economic Lives Don’t Matter – Examining the African American Plight Under Obama’s Fake Oligarch Recovery

Turns out electing the first black President hasn’t helped the black community all that much. Wall Street says thanks for the bailout. From the Wall Street Journal: The lowest state jobless rate for black workers in the country matches the highest rate for white workers in a new analysis. Like this post? Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G Follow me … Read more

The Oligarch Recovery – U.S. Military Veterans are Selling Their Pensions in Order to Pay the Bills

Moore soon found himself two months behind on rent and at least 10 days from payday. In bed that night, he saw a TV ad for Future Income Payments, a company based in Irvine, Calif., that buys pensions in exchange for a lump sum. The company said it had worked with military personnel and government … Read more

The Oligarch Recovery – 30 Million Americans Have Tapped Retirement Savings Early in Last 12 Months

The ongoing oligarch theft labeled an “economic recovery” by pundits, politicians and mainstream media alike, is one of the largest frauds I’ve witnessed in my life. The reality of the situation is finally starting to hit home, and the proof is now undeniable. Earlier this year, I published a powerful post titled, Use of Alternative Financial Services, … Read more

The Oligarch Recovery – Study Shows Real Wages Have Plunged for Low Income Workers During the “Recovery”

The following article from the New York Times is shameful in many ways. While the paper is forced to cover the undeniable fact that real wages for the lowest income Americans have plunged during the so-called “economic recovery” over the past six years, it fails to actually pin blame on the undemocratic, oligarch institution most … Read more

The Oligarch Recovery – Low Income Americans Can’t Afford to Live in Any Metro Area

We were told we needed to bail out Wall Street in order to save Main Street. Well the results are in… Wall Street has never done better, and Main Street has never done worse. From the Huffington Post: Low-income workers and their families do not earn enough to live in even the least expensive metropolitan … Read more

The Oligarch Recovery – Renting in America is Most Expensive Ever

Characterizing the upward transfer of virtually all American wealth to a handful of oligarchs a “recovery,” represents a grotesque insult to the english language as well as common sense. The writing was on the wall from the very beginning. I knew as soon as TARP passed that we as society would regret the day we bailed out the … Read more

Another Tale from the Oligarch Recovery – How a $1,500 Sofa Costs $4,150 When You’re Poor

Five years into a national economic recovery that has further strained the poor working class, an entire industry has grown around handing them a lifeline to the material rewards of middle-class life. Retailers in the post-Great Recession years have become even more likely to work with customers who don’t have the money upfront, instead offering … Read more

Just Another Tale from the Oligarch Recovery – $100 Million Homes Being Built on Spec

Neoclassical economics and the trickle down policy framework that we have derived from it argues that there is a trade-off between fairness and growth. The general idea of trickle down economics is that the richer the rich get and the less constrained they are, less burdened in regulations, the more jobs they create, the better … Read more

The Face of the Oligarch Recovery – Luxury Skyscrapers Stay Empty as NYC Homeless Population Hits Record High

Nowhere is the fraudulent and criminal “oligarch recovery” more on display than in my hometown of New York City. Despite benefitting more than any other community from an enormous taxpayer bailout of the industry that destroyed the economy, financial services, the vast majority of the wealth has been allocated to a handful of oligarchs. To make matters … Read more

Welcome to the Oligarch Recovery – Majority of Public School Students are in Poverty for First Time in 50 Years

“When they first come in my door in the morning, the first thing I do is an inventory of immediate needs: Did you eat? Are you clean? A big part of my job is making them feel safe,” said Sonya Romero-Smith, a veteran teacher at Lew Wallace Elementary School in Albuquerque. Fourteen of her 18 … Read more