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Channel: Economic Crisis – The Progressive Cynic
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The US Distribution of Wealth is Like a Canal with Broken Locks

© Josh Sager – June 2014 A canal is a man-made body of water, usually built between larger bodies of water so that ships can take a short cut (ex. the Panama Canal allows ships to cut through Panama...

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Republicans Trade Short-Term Economic Gains for Long-Term Losses

© Josh Sager – July 2014 The narrative of the right wing is that they are the responsible party that cuts the cost of government and ensures that future generations are not left in debt. Even...

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What Trait is Shared by the American Corporate Elite and the Common Goldfish?

© Josh Sager – September 2014 Goldfish are spectacularly stupid animals and will literally eat themselves to death if given enough food—if you keep feeding them, they will not stop eating until their...

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Three Graphs Paint a Foreboding Economic Picture

© Josh Sager – December 2014 Over the past few years, the United States economy has been “recovering” from the worst economic crash since the great depression. On paper, this recovery has been going...

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Reaganomics or Rigonomics? The Right Wing’s Nonfactual Economic Ideology

© Josh Sager – February 2015 Over the last several decades, the economic narrative of the American right wing has devolved into a nonsensical series of unsubstantiated assertions. This devolution of...

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Wall Street’s Manchurian Executives

© Josh Sager – February 2015 In movies, shadowy and sinister cabals of criminals infiltrate the government and turn it to serving their own ends. One such movie was The Manchurian Candidate (1962),...

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The Republican FY16 Budget: A Right Wing Dream that Would be an American...

© Josh Sager – March 2015 Last week, the Republican House Budget Committee Tom Price revealed his party’s FY16 Congressional budget proposal. Ostensibly, the FY16 GOP budget aims to cut spending by...

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Comparing Punishments for Fraud: Atlanta Teachers vs. 2008 Banksters

© Josh Sager – April 2015 Last week, eight Atlanta teachers and school administrators who were involved in test-fixing scandal were sentenced to significant prison time. This conclusion to the Atlanta...

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Shocking and Ominous Statistics on Economic Inequality

© Josh Sager – July 2015 This week, Alternet released an amazing compilation of 35 inequality statistics that paint a truly dire picture about the future for a majority of the world population. It...

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President Trump Takes Office Today…Welcome to the Era of Idiocracy

© Josh Sager – January 2017 I have studied the American political landscape for a decade—through college and grad school, as well as while working—and nothing that I have learned could have prepared me...

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