Quotation for Today: American Corporations: Once World-Class Producers, Now World-Class Predators

The quotation for today introduces a compilation of articles that discusses the behavior of corporations in American society. The articles review the historical behavior of corporations and contrasts that historical behavior with the way corporations conduct themselves nowadays; contemporary conduct resulting from corporations becoming "financialized."

Quotation for Today: Mitt Romney's Welfare Policies (Updated)

Social Darwinism appears to be alive and well in the Republican Party and plutocracy is the ruling theory that guides the GOP. The plutocratic governance of the GOP is maintained, nourished and reinforced by its economic welfare policies for the One Percent. 


As the quotation for today highlights (across the jump), the Republican Party's presumptive presidential nominee, Mitt Romney, is a strong advocate of welfare policies for the One Percent; policies that would continue the intense inequality that is now prevalent in the United States. This  inequality was created by 30 years of Republican economic policies that are embraced by Mitt Romney.

Quotation for Today: Return of the Social Security and Medicare"Sharks"

Just when you thought it was safe to "get back in the water," we discover -- via the quotation for today -- that the Social Security and Medicare "sharks" have returned to the waters off "Social Security Island"; apologies to Peter Benchley and the producers of the movie, Jaws.

A Thousand Words, Vol.1, Issue 13.

In economics and finance, the notion of a wealth effect -- increased consumption based on a perceived increase in wealth -- is well known.  Conversely, true wealth increase (measured by income change) is a bit different, as pictured here.


David Cay Johnston's companion article to the true-wealth-increase picture can be read here.


Related information:


Permanent insecurity for the 99 percent.

Quotation for Today: Public Moral Hazard

Republican presidential wannabes and their supporters inveigh against their idea of private immorality while ignoring the endangerment of public morality by Wall Street bankers and corporate executive officers.  The quotation for today reminds us of the violations of public morality by Wall Street bankers and corporate executives.

Quotation for Today: 'Permanent Insecurity'

The quotation for today captures well the contemporary America built on 30 years of Republicans and Alan Greenspan's economic and monetary policies.  

A Thousand Words, Vol.1, Issue 11.

The historical evolution of extreme income inequality in the United States is shown here.


The Y-axis intersects the X-axis at the year when the doubling of income share for the one percent began.  


Related information:


Konczal, Mike. "Welcome to the 1% Recovery." New Deal 2.0 5 March, 2012. 

A Thousand Words, Vol. 1, Issue 10.

Again, we are presented a graph of the intense inequity (or iniquity) of the American capitalistic system -- an economic system based on 30 years of Republican and Alan Greenspan economic and monetary policies.  The graph, a comparison of the rise in the distribution of income to the top one percent in the United States and Sweden, can be viewed here.


Paul Krugman's article accompanying the graph can be read here. 


Related information is available here.

Quotation for Today: GOP's Culture War Is More Than Just a War on American Women

In continuing the good fight against the bullying of women by Republicans, comments from a medical provider are offered.

Quotation for Today: GOP Stigmatize Hard-Working Americans

Inveterately and instinctually, the Republican Party presidential wannabes and powerbrokers speak their true feelings when they talk of American workers as special interests. The GOP elites view the one percent as their true constituency, not the hard-working Americans  --  the middle- and working-class Americans  --  who are the heart and soul of the 99 percent and America. The quotation for today condemns the Republican Party's presidential wannabes for stigmatizing industrious American workers as special interests.

A Thousand Words, Vol. 1, Issue 5.

The picture, referenced via a hyperlink, highlighted in this post speaks volumes about the appreciation of labor in contemporary America.  You can view the picture here. 


Yes, I read the company's rebuttal to the picture here, and for two reasons I didn't find the response to be a credulous one.  The first and most important reason is the customer didn't publicly rebut the picture, and the second reason was the company's rebuttal was not clear as to the incorrectness of the credit card receipt.

Quotation for Today: Moral Hazard - A Dog Whistle

The quotation for today opens a discussion about the somewhat arcane economic concept known as "moral hazard" and how it -- by excusing greed and selfishness -- is used to pervert our sense of community.

Quotation for Today: Lobbying for Inequality

The quotation for today opens a discussion about poverty, middle class, elites, capitalism and democracy.

A Thousand Words, Vol.1, Issue 4.

Today, we get a graphical look (link is across the jump) at the impact of inequality on poverty in the United States. Along with inequality, five other factors that affect poverty are portrayed.

A Thousand Words, Vol.1, Issue 3.

In America, you could be in the top 400 of income "earners" and pay an effective tax rate that is between zero and ten percent.  Follow me over the jump to learn more about the top 400 "earners" in America.

Quotation for Today: What Property Laws?

The quoted comments in this post again direct our attention on the misdeeds of the mortgage and banking industries; wrongdoings that led to the Great Recession and the current Little Depression.

PNREF: A Citizens United Created Political Group

Who is the political group Public Notice Research & Education Fund (PNREF)? Who finances PNREF?

A Thousand Words, Vol. 1, Issue 1.

The failure of American political leadership during the past three decades is well captured in a picture that accompanies a story about Apple and Foxconn.  The picture can be viewed here.

Quotation for Today: Mitt Romney And The "Fortunate" Poor

Republican presidential candidate, Mitt Romney, in a recent interview on CNN declared he was not concerned about poor Americans.  Well, as the enclosed quotation for today illustrates he has plenty of company.

Quotation for Today: U.S. Government for the One Percent, Bought and Paid For

With today's quotation, we continue to look at how the One Percent is fighting back against democracy and economic fairness in the most ferocious and undermining way imaginable; utilizing super PACs and 501(c)(4) non-profit groups to name a few known categories facilitated by the United States Supreme Court's decision in the case of Citizens United v. Federal Election Commission.