Oxfam says that the top one percent of the world's population now has more wealth than the other 99% combined. So if they're the "job creators," why do they have more than everyone else? If they were really "creating jobs," rather than redistributing our wealth upward to themselves via their casino economy games, the wealth would actually be "trickling down." But if something's trickling down, it sure ain't wealth.
Dean Baker tells us the economy is not about to go into freefall just because the stock market has gone down more than 10 percent over the last few weeks. The stock market, after all, is not much of an "indicator" of anything -- not even, apparently, of the skill level of its biggest actors, who were taken aback by the bursting of the Chinese stock bubble. In other news, "the remedy for weak demand is more demand," but don't expect action from Congress, since that would require spending.
Disgusted as we should be with the Michigan government's stupidity and venality in its handling of Flint's water, we should not excuse the EPA for suspecting Flint's water was polluted as early as nine months ago and then failing to act. Best I can tell, the EPA notified the state's environmental department, which wanted to do, you know, more testing -- but the EPA's regional administrator doesn't come off as very concerned in emails, frankly. Her head should roll, maybe?
Of course, it could be worse: Sen. Marco Rubio, running for the Republican Presidential nomination, claims ignorance on the whole Flint matter. I'd be less annoyed about that, except that it took him 30 words to say "I don't know," and then 46 more words to say "I don't know" again -- when the correct answer to any question about Flint's drinking water is "no government should enable the pollution of good folks' drinking water." Isn't this guy supposed to be the future or something?
Ohio Treasurer Josh Mandel restarts his campaign funding apparatus, in advance of a (possible) Senate run in 2018. Mr. Mandel says this move "gives Ohioans an opportunity to support my style of leadership" while "not forc(ing) me to make a decision anytime soon on what I'm going to do next," which leads one to suspect that his "style of leadership" is not to lead. Mr. Mandel lost the 2012 Senate race by only six points, but it would've been a lot closer if not for the presence of right-wing "independent" Scott Rupert in the race; in a non-Presidential election year, a genuinely good man, Sherrod Brown, might well lose, and to someone who shouldn't even be elected dog-catcher.
Finally, former Pittsburgh Steelers wideout Antwan Randle El says if he had to do it over again, he'd play baseball instead of football. Mr. Randle El might have trouble getting down stairs and remembering things, but his analysis of pro football's problems -- "(t)he kids are getting bigger and faster, so the concussions, the severe spinal cord injuries, are only going to get worse...Football players are in a car wreck every week" -- is spot on. When he says pro football might be gone in a quarter century, he might be right.