Wall Street is buzzing about the annual report just put out by the Dallas Federal Reserve. In the paper, Harvey Rosenblum, the head of the Dallas Fed's research department, bluntly calls for the breakup of Too-Big-To-Fail banks like Bank of America, Chase, and Citigroup.
80 inmates still at Gitmo, most charged with nothing since placement there over a decade ago - many scheduled for release 7 years ago, but never released; others essentially sentenced to life without trial or release. Is Col. Jessup still defending American Way up on that wall?
We probably can't stand the truth. How many of us realized that in defending Saudi Arabia - right, that Saudi Arabia - we were capturing many of Gitmo's residents from Yemen? Not quite the Iraq/Afghanistan/Pakistan triad we might expect. When Trump says he'd do more than waterboarding, the awful fact is we've tortured much worse. Which candidate is likely to actually provide release?
Unemployment? Yes, 2 or 3 percent of the working-age population has dropped out of the labor force, but the headline unemployment rate is 5 percent. Wages? They've been stagnant since the turn of the century, but the average family still makes close to $70,000, more than nearly any other country in the world. Health care? Our system is a mess, but 90 percent of the country has insurance coverage. Dissatisfaction with the system? According to Gallup, even among those with incomes under $30,000, only 27 percent are dissatisfied with their personal lives. Like it or not, you don't build a revolution on top of an economy like this. Period.