The Curse of Financial Entrepreneurship (tags)
We are not prisoners of bad decisions made in the past. We can and should rein in Wall Street, break up its five giant “too-big-to-fail” banks, support local and state banks, resurrect the Glass-Steagall Act’s divide between investment & commercial banking, tax all financial transactions
Toward a new economic policy paradigm (tags)
Over the years, the institutionally enshrined budget discipline has created a considerable investment backlog. Important investments in infrastructure, education and climate protection have not taken place.
‘End-game’ conspiracy or business as usual? (tags)
The problem isn’t greedy bankers, the problem is the system that enables the greedy bankers.
Larry Summers: Wall Street's Man (tags)
Fed
Social security cuts: Work until you drop (tags)
We have something here bigger than Barack Obama and whatever character flaws he might be perceived as possessing. Austerity is a bipartisan project.
BTL:Obama's Staff Shake-Up Signals Less Hope, Less Change (tags)
BETWEEN THE LINES - A four-time winner of the Connecticut Associated Press Broadcast Award for Best Feature in the non-commercial category, this syndicated, half-hour program provides a platform for individuals and spokespersons from progressive organizations generally ignored or marginalized by the mainstream media. Between the Lines covers a wide range of political, economic and social topics.
Labor Leadership covering for the Democrats again They're all linked to Goldman stupid (tags)
Do they honestly expect us to believe that their campaign isn't linked to the Democratic Party candidate?
Are the Democrats Fighting the Banks? (tags)
How pathetic. President Obama sat at a table surrounded by super rich bankers, pleading with them to lend money to small businesses and workers. The media mislabeled Obama’s groveling as “encouraging,” “imploring,” and “pressing,” but a man who refuses to take action is powerless; and powerless people can only beg. This disgraceful meeting happened shortly after Obama got “radical” on national TV, calling the bankers “fat cats” and other tough words. But words are only that.
"Not learning lessons from the bank collapse reproduces or strengthens the dominance of the financial sector. The danger of a repetition of the crisis grows..The political right-wing slanders the health reform project as an `attack on freedom.'"
Workers can take advantage of a serious crisis too. (tags)
Capitalists aren't the only ones that should be taking advantage of a good crisis. Workers shouldn't let a crisis go to waste either.
FDR's New Deal v. Obamanomics in Their First 100 Days (tags)
stark mirror opposites
The New World Order's ObamaNation (tags)
Matt Taibbi has written an important article in this month's Rolling Stone magazine. In it he explains to the reader, in layman's terms, just what happened, how it happened, and who benefited from the massive taxpayer bailouts of Wall Street's biggest firms. But, most importantly, he hits the nail on the head by saying that the Republic is officially dead (and we do hear the dirge) -- there is no more pretense that we live in a democracy under the rule of law, because now the lawless ones have "officially" taken over the apparatus of the state and given us the finger in the process. Yes, as Taibbi's says: "We are royally fucked." Congress is now a collection of rubber stampers, and the people -- Wall Street slaves.
The economy elected Barack Obama President, and it will make or break his administration. Right now it seems likely to break it, as Obama's announced appointees to staff his government come almost exclusively from the moderate administration of Bill Clinton, thereby assuring the ruling class that "change you can believe in" means "change the rich and powerful won't have to worry about." Without a mass Left movement on the order of the socialists and communists who in the 1930's pushed Franklin Roosevelt to the Left, Obama's Presidency is likely to be yet another suck-up to corporate America and its anti-labor, anti-environment, anti-worker "free trade" agenda.
A reality check.
Fear of the Working Class At Home And Internationally Stirs Some Debate Among the Bankers (tags)
There is growing concern among sections of the capitalist class that the rising opposition to their global offensive and the market will get out of control.
Some view the election of George W. Bush as providing him with a mandate to pursue his reactionary policies at home and abroad.
Who Hates the Jews Now? (tags)
Story about the Surge in Global Anti-Semitism, Especially Among those who posture as being on the "Left"