Mike Whitney ruminates over what the Fed intends to do in the near-future and what effects its actions will have on the world economy in the short-term. I then identify a few depressing consequences that can be inferred from Whitney’s analysis.

The class war waged against the workers of America has been waged for decades and though it is still going on, we are near defeat.

I urge all Real Democrats to declare war on the Democratic Party and this Administration by:

Voting does nothing, protests in their current iteration seem toothless- perhaps it’s time to really turn up the pressure on Obama’s plutocracy.

The progressive counter-attack against the President’s emerging “austerity” political strategy and program is beginning to emerge. In the last few days, we’ve seen posts by Nancy Altman and Eric Kingson of Social Security Works, Jane Hamsher, Robert Kuttner, and Dean Baker writing against the thrust by the Administration, the National Commission on Fiscal Responsibility and Reform, the Peter G. Peterson Foundation and its network of related organizations, and the deficit hawks in the Congress, seemingly aimed at Social Security. These posts make or imply a number of points sometimes in the form of questions. They are:

— The commission is unaccountable.

— It meets in secret.

— Its members will keep their recommendations secret until after the election, and then will present them to a lame duck Congress that is itself unaccountable.

Do not screw with this guy…

Pome

A bipartisan consensus: starve our minds and our health.

Our first big challenge of the Obama presidency is upon us and we are losing badly. Get 50 of your friends to pick up the phone to call your Senators now in support of Obama’s economic stimulus and recovery package. Then do the same thing tomorrow.