Must Read Posts - Sometimes you just can't say it better for 02.28.10

On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

EPers are gonna love this one, it's a Populist rant with lots of factual references and a little conspiracy theory sprinkled on top. The Economic Elite Have Engineered an Extraordinary Coup, Threatening the Very Existence of the Middle Class:

It has now become evident to a critical mass that the Republican and Democratic parties, along with all three branches of our government, have been bought off by a well-organized Economic Elite who are tactically destroying our way of life. The harsh truth is that 99 percent of the U.S. population no longer has political representation. The U.S. economy, government and tax system is now blatantly rigged against us.

Ya gotta read this one, it's like they read EP, freeze dried it in concentrated form and packaged it all up.

Must Read Post #2

Eamonn Fingleton wrote, in 2007, The Creativity Conceit, which is a great call out on the illusion only America can innovate. I personally consider this idea only those lower skilled jobs will move offshore, yet America will magically stay the center of innovation, to be amazingly stuck on stupid. Of course that's false, no nation, culture or race can possibly have a lock or raw intelligence or creativity. It's also a great line because it manipulates people's prejudices to buy into such a delusion. Yeah right, other nations want to be America's lackeys, they are just lining up aren't they?

Must Read Post #3

Portfolio.com has a nice interactive map showing how cities have broken up between the haves and have nots. Newport Beach California is uber rich while areas where people work for a living, like Reading, PA are uber poor. California is loaded with uber rich. Maybe the rest of California should invade Newport Beach to take care of their budget crisis woes (Blackwater, Blackwater!).

Must Read Post Letter #4

A Federal Reserve letter to Representative Alan Grayson on why the Fed exempted Goldman Sachs from standard bank holding company market risk rules, when it was converted to a bank holding company. Notice the date delay and if this makes sense to you, well....

Consider Must Read Posts an open thread.

Meta: