Here is a fun fact: when Poors have less money, they spend less money. Also, when you give people money, they spend more money. However, when you punish  poor people by withholding their money to spend on food they have less money to spend on food, so they spend less money on food. The end result is not, […]

A year after an embarrassing trading blowup led to millions of dollars being docked from Jamie Dimon’s paycheck, the chairman and chief executive ofJPMorgan Chase is getting a raise. Of course he is, because share prices have increased and this is the only thing that really matters. Did JP Morgan, under Jamie Dimon’s watch, preside over a global financial […]

Only a former Goldman-Sachs executive who has never held elected office and supervised the bank bailout under George W. Bush would have the hubris to survey a landscape rife with inequality, a shrinking middle class, and a 21.5% high school drop-out rate and think, “gee, I am exactly what the state of California needs right now: a job-creator and […]

Good news, Poors! David Brooks has decided to take on the topic of income inequality, and has concluded that 1) income inequality is not actually a problem, and 2) if it were, we shouldn’t solve it by giving poor people more money, and also 3) the growing income of the 1% has nothing to do with […]

Fun fact: after 9/11, the NYPD created something called  a “demographics unit,” devoted to spending time in South Asian and Middle Eastern neighborhoods in New York, New Haven, and various neighborhoods in New Jersey  under the supervision of a CIA agent who worked closely with another former CIA agent hired by the NYPD shortly after 9/11. […]

Once upon a time, there was a nice man named Sergio Branco who lived in New Jersey with his wife and kids, working for a waste management company called Russell Reid on weekdays and hosting large barbeques for his family and friends on the weekends. Then one day, Russell Reid did not feel so well, […]

Why is Rick Santorum still talking, and more importantly, why is anyone still interested in hearing him talk, given that he holds no office and everyone wishes he’d go away? Your Wonkette does not have the answer to these questions, but we DO have a video of him referring to any discussion of the middle […]

Another day, another instance of bank wrongdoing, this is the world we live in! Or rather, this is the world we WOULD live in if banks were capable of engaging in wrongdoing, which of course they are not, duh. Anyway, what have the banks been accused of doing this time? Oh nothing, just engaging in […]

How wonderful, the last time we checked in with Business Insider they were running articles on how you are not a winner if you want to see your wife and kids every so often, but now they are run by a bona fide Commie! Yes! A Commie! The Commie, one Henry Blodget, is complaining about late capitalism […]

Did you feel as though an intangible but perceptible cloud of safety and serenity descended on your community sometime last week? Probably this is because you live in Park Forest, Illinois, where local police successfully tased and beanbagged a 95-year-old World War II veteran to death last week for being ornery and refusing to put […]

“Why is Congress full of morons, Eric Cantor? Why does it suck so very very hard, Eric Cantor? Why is attempting to repeal Obamacare your go-to solution for just about every pressing problem facing the American people, Eric Cantor? Aren’t we heading for a major disaster because you guys are too busy playing grabass to […]

JP Morgan is going to have to pay $410 million dollars for manipulating energy markets in California and Michigan between 2010-2012, and if you’re thinking that this sounds an awful lot like what Enron was doing, well, you’re right! It was! Via CNN Money: The bank’s energy unit, JP Morgan Venture Energy Corporation, was accused […]

Surely you Wonketteers have heard the librul media and members of Congress crowing about the new student loan bill, which is apparently not only a great deal for students but is also significant because it demonstrates that Congress is capable of passing something on a bipartisan basis. Everybody wins: Congress looks good! The new bill […]

Hello, have you met the Republican wingnuts on the House Science Committee? They include: Paul Broun, who has told supporters that evolution and the big bang theory “are lies straight from the pit of hell,”  and Dana Rorhabacher, who once suggested that temperature fluctuations on earth millions of years ago can be traced to dinosaur flatulence. There is also […]

Those of you Wonketeers who work at or have attended a “poorly performing” public school surely know that one does not have to suffer the consequences of poor performance — consequences that include replacing the principal, laying off teachers, losing tax revenue, or closing the school entirely. No, one does not have to suffer the […]