Tag: collapse

Justice Department Threatens to Rap Banks on Wrist, Again

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....

U.S. Suburbs Now Just Sprawling Hell-Camps For the Poor

The scared white working class used to flee The Poors and The Coloreds by moving to the next new ring of surburbia, which helped create the Architecture of Banal Oppression that defines this ruined country. But now the next...

Cops Now Hunting Escaped Zoo Monsters

How are things in the American Heartland this morning? Very terrible, according to this video news report from ... a comedy blog? A superhero musical? No, it's from the Associated Press. In other news, the Founders of Democracy over...

New U.S. Achievement: More Americans In Poverty Than Ever!

If the sunshine seemed a little bit brighter this morning and the air a little bit sweeter, you were surely imagining it -- Obama's new smog allowances keep the skies permanently brown and sour, despite the collapse of American...

U.S. Recovery Canceled Due To New, Neverending Economic Depression

The stock markets just closed in New York, hooray! ("Hooray," because now the stock markets can't fall any further today. But tune in tomorrow!) If you don't care because you're already poor -- hello, 90% of America! -- or...

Obama’s Tea Party Bill Signed, Stocks Collapse

Ronald Reagan's illegitimate son Barack Obama just signed his Tea Party Disaster Bill, which officially makes "being poor" both Illegal and the legal status of 90% of Americans. So will Wall Street finally love Barack Obama a little bit...

America About To Lose Its Fancy Credit Card

Because of many reasons including "the nation cannot even agree to print more money," the United States is in danger of losing its fancy AAA credit rating from Moody's, the investing service that decides what countries and businesses have...

Study: Americans Poor Now Because They Don’t Have Any Money

A startling new study proves that America's Middle Class has been utterly, completely wiped out -- these are the people all politicians are always talking to, in theory. What happened? Apparently, wages have been declining for thirty or forty...

Nation Needs To Replace 6,955,000 Pre-Recession Jobs; 38,000 Created Last Month

At the rate of last month's dismal job creation, it will take more than 15 years for America to replace the 7 million jobs that vanished in this Great Recession. The awful new job numbers -- just 38,000 in...

Nearly a Third of American Mortgages ‘Underwater’

The economic recovery continues to be a complete fiction, like the Harry Potter books but without all the fun sex magick. Unemployment is officially back to 9%, with real unemployment at 22%. Energy and food costs keep rising as...

Bob Herbert’s Last NYT Column: America Has ‘Lost Its Way Entirely’

America's last half-assed attempt at a serious newspaper, the New York Times, is rapidly losing the last of its serious op-ed writers. Bob Herbert is the latest to say goodbye, and his final column is devastating. It starts like...

Building Permits For New Housing Drop To 51-Year-Low

The last time so few new permits were issued for housing construction, it was 1961 -- when American economists first began keeping records of the numbers of housing permits as an economic indicator. There are millions of unwanted, unsold and...

USA Beats USSR In Losing Afghanistan

Congratulations, America! The U.S. war in Afghanistan has now lasted longer than the Soviet war in Afghanistan. That's nine years and fifty-three days for us, so far, and nine years and fifty days for the USSR. One cool thing...

Happy Holiday Bargain Day!

On this Holy Day of going to the Big Box stores and outlet malls to use up whatever's left of the American Consumer's shrinking credit line, as a permanent jobless/starving class approaches one-fourth of the entire population and constant...

Recession Drags On & Crime Keeps Falling, Because America Is Too Fat

For the third straight year, even as the Great Recession pummels ever more people into poverty, the national crime rate has dropped. Murder, rape, burglary -- almost every kind of criminality has fallen, with the rate of violent crime...

Uhh, Financial Collapse/World Recession II?

We mentioned earlier this morning that there are some troubles in the world economy -- and that includes us, in the America part of Earth. Well, uhh, it's really awful. Remember that 1,000-point drop in the Dow blamed on...