Ian Welsh: Some basics on the economy (naked capitalism)
As of Tuesday, September 4, 2012, things look bad and won't be getting better soon.
Robert Reich: The Origins of the Enthusiasm Gap
"A stimulus too small to significantly reduce unemployment, a TARP that didn’t trickle down to Main Street, financial reform that doesn’t fundamentally restructure Wall Street, and health-care reforms that don’t promise to bring down health-care costs have all created an enthusiasm gap. They’ve fired up the right, demoralized the left, and generated unease among the general population."
The Atlantic: The Quiet Coup
An International Monetary Fund veteran explains how the US financial situation is like that of a less-powerful nation's developing economy. Oligarchy, corruption, and the financial sector's control of the government — it's not good.