I am sure you have heard the wealthiest people justify the flood of money that is rushing toward them.  They say, “A rising tide lifts all boats.”

Well, don’t think they will let your rowboat into the same bay as their yachts  so that you can mooch off of their rising tide.

What they know, and you don’t is that their yachts are on a different side of the ocean from your row boats.

The tide that is lifting their yachts is rushing from your side of the ocean to theirs.  You are going to be left “high and dry”.

So give up all hope that your personal economy is going to do well, if the wealthy manage to suck all the wealth out of the economy and keep it solely for their own use.  All they do is trade capital assets among themselves, inflating their value, and leaving only crumbs to you.

The disease has spread to the opinion pages of The Boston Globe.  Today it is Juliette Kayyem’s column
A tragedy or merely tragic?: In lukewarm US support of Chinese dissident, a lesson in strategic interests.  The Boston Globe may insist that you log in to their site to read this.  They may want to make it difficult to read their stuff, but I will make it easy for you to read my reaction as expressed in an email to the author at jkayyem@globe.com.

For several days now, I have been fighting this notion in the Boston Globe that the US gave lukewarm support to the Chinese Dissident or may have even gone so far as to betray him.

The first incident was a “news” story that mentioned how the dissident was forced or coerced out of the US Embassy.  By careful omission of facts, the story promoted the idea that it was US officials that did the forcing and coercing.  There was no mention that the Chinese officials were holding the dissident’s family hostage and it was actually the Chinese who did the forcing and coercing despite all the Americans could do to support the dissident.

After the first reports that I saw that included Ambassador Gary Locke’s explanation of the events inside the embassy, the press seems to have taken it upon themselves to decide that the Ambassador’s account is not worth mentioning anymore.

Is there a memo that comes down from on high that tells everyone in the press how the story is to be interpreted?  I suppose that if there were such a memo and the implied threat that keeps reporters and pundits inline were strong enough, you would not feel safe in letting me in on the secret.

If this herd like mentality of the press does not come from a central memo,  I suppose the other possibility is an ingrained culture of cynicism that is so pervasive that none in the media can rise above it to talk about the truth.

Stories like this one are just further proof, as if you needed any, that once the media gets a story wrong, they just will not let it go.  Perhaps they keep flogging the story because they realize that a big lie needs constant repeating to be turned into a perceived truth. The recent spate of stories on Elizabeth Warren’s purported bad week is another case in point.  In the case of the false story about Rev. Wright, the media had to stick to their guns or else admit the proof that they acted like idiots.

The real shame of it all is that we recipients of this drivel sit idly by while the media turn lies into this perceived truth.

Talking Points Memo has this interesting article Labor Force Participation Is Lower Than It Has Been In 30 Years — Why It Matters And Why It Doesn’t.

There’s no single, tidy explanation for what triggered the increase in the first place or why it’s come to an end, but the single clearest factor is that last century women began pouring into the work force — a phenomenon that came to an end in the last decade.

“The women who are going to enter have entered,” says Dean Baker, co-founder of the Center for Economic and Policy Research. All else being equal that explains why the labor force participation rate would flatten.

Other factors have combined to bring it down. The country’s aging population means we have an aging workforce — and that means a bigger-than-usual segment of the labor force is retiring in large numbers. Compounding that is the fact that large numbers of young working age men are not working. The Chicago Fed explored these trends in greater detail and concluded that the labor force participation rate will continue to decline well into the future.

The following graph shows how labor participation rate varies from country to country and over time.  The article explains many of the reasons for this beyond the few reasons I quoted above.

The explanation for a lot of this behavior falls smack, dab in the middle of Elizabeth Warren’s area of expertise.

Somebody has to tell the Republicans that “this is what mission accomplished looks like.”

If the above Comedy Central video fails you, as it fails me, try this bug fix link.

Stephanie Cutter, Deputy Campaign Manager, shares the facts about Big Oil’s latest attack.

The only way to combat the big lie is with the bigger truth repeated many more times than the big lie.

Found another Elizabeth Warren sound bite on her YouTube Channel.

Massachusetts Senate candidate Elizabeth Warren says, “We need a cop on the beat so no one steals your purse on Main Street or your pension on Wall Street.”

I am completely mystified about why there are voters who recognize the need for the common defense against foreign enemies (our military forces) and against local criminals (our police force), but think that Wall Street should be left to pillage and rob. The Consumer Finance Protection Bureau, the agency invented by Elizabeth Warren, is just another part of providing for the common defense. Apparently some people prefer Warren’s opponent who thinks that economic recovery depends on the continued thievery in the financial markets.

Elizabeth Warren has just come out with a new ad that reminds people what she has done that explains why she has a national reputation as an expert in financial matters.

Massachusetts Senate candidate Elizabeth Warren worked with President Barack Obama to create the Consumer Financial Protection Bureau to hold the big banks accountable and give working families a strong voice in Washington.

If you go to the ad on her web page, you can contribute to help put it on the air.

The O’Zone blog has posted the press release announcing the May 12 visit of Elizabeth Warren to Southbridge. The press release is from the southbridgedemocrats@gmail.com.

Don’t forget the Sturbridge For Elizabeth Warren has also posted this event on Facebook. If you RSVP on Facebook, then you will get automatic notifications if there should be any change to the event.

There will be phone banks calling to invite people to the event in Sturbridge tonight, May 2, at 6:30PM, Monday, May 7, and other days next week yet to be announced. To request more information, send an email to WarrenEvent@ssgreenberg.name.

For those who attended last night’s Southcentral Massachusetts for Elizabeth Warren organizing meeting, we forgot to tell you that we have phone lists for the towns of

• Brimfield
• Brookfield
• Charlton
• East Brookfield
• Holland
• Southbridge
• Spencer
• Sturbridge
• Warren
• Wales
• West Warren

Using our phone lists allows us to give feedback to the campaign about who you called.  If we can show the campaign how hard we have worked to promote this event, then it will be easier for our official Warren Campaign Field Organizer to sell the idea that it is important for Warren to visit our area more frequently.

There is an 8 flyer per page document you can print out and distribute to announce the event. There is even a sign you can carry that may attract people to ask for a flyer.

To show you how clueless Brown is, he claims that he just doesn’t like the health care law being a federal law. He says that the states could all adopt the rule he is using to get health care coverage for his daughter. Apparently Brown forgets that his Senate health care coverage is a federal plan since as Senator he is a federal employee. If Massachusetts adopted the rule, but the federal government did not, then Brown could not cover his daughter under the plan. He doesn’t get his health care from Massachusetts. He gets it from the federal government in Washington, D.C. which is not in any state.

You may think that Scott Brown is a nice enough fellow to have as a Senator. On the other hand, Elizabeth Warren knows so much more about how the major financial institutions of this country and around the world took advantage of the unwary consumers and almost brought down the world economy.

Who should we have in the Senate to start to fix the problem? Should we have a person who really knows what is going on? Or should we have the nice fellow without a clue who thinks that favoring the financial crooks will somehow make the economy better.