But as was demonstrated again this past week, American capitalism needs strict guardrails. Otherwise, it is subject to periodic crises that summon bailouts. The result is socialism for the rich while everyone else is subject to harsh penalties: Bankers get bailed out and the biggest banks and bankers do even better. Yet average people who cannot pay their mortgages lose their homes. Meanwhile, almost 30 million Americans still lack health insurance, most workers who lose their job aren’t eligible for unemployment insurance, most have no paid sick leave, child labor is on the rise, and nearly 51 million households can’t afford basic monthly expenses such as housing, food, child care, and transportation.
Is it any wonder that so many Americans see the system as rigged against them? Is it surprising that some of them become susceptible to dangerous snake-oil peddled by demagogues?
Source: Who’s Raking In the Most From the Banking Mess? | The Smirking Chimp
A federal judge has ordered former US president Donald Trump and his lawyers to pay more than $US937,000 ($1.4 million) in sanctions for suing former secretary of state Hillary Clinton over claims the 2016 presidential election was rigged.
US District Judge John Middlebrooks, who threw out Mr Trump’s lawsuit in September, said the sanctions were warranted because the former president had exhibited a pattern of misusing the courts to further his political agenda.
Source: Trump, lawyers fined for ‘political’ suit
So, to recap: the former chief legal officer of Australia took unspecified amounts of money in donations from unknown sources in order to pay the legal fees for his abandoned defamation suit in a court over which he until recently had authority. Over, let’s not forget, unresolved rape allegations. Say what you will about the circumstances of Porter’s plummet from grace — for a man with nothing to hide, he certainly goes to extraordinary lengths to keep things hidden.
Source: ‘Honest’ Christian Porter’s mystery donation is totally not suspicious