JPMorgan Chase CEO Jamie Dimon recently said that he felt safer in Lebanon than he did when Occupy marched past his house.
Unions have been fighting the 1% vs 99% fight for more than 100 years. Now the rest of us are learning that this fight is also OUR fight.
Originally posted on Capital Gains and Games.
Forget Michigan. Worry about Steny Hoyer. While most political eyes are fixed on Romney's primary results, the middle class faces a threat to its financial security right in the heart of the Capitol.The Democratic Party does, too.
Originally published at Capital Gains and Games.
The private prison industry is on the march. In recent months the industry moved to take over 24 state prisons in southern Florida and buy five prisons in Ohio. Now it’s making moves in Michigan. But the industry doesn’t always win. Resistance isn’t futile.
Who are the 1%? Who is getting rich exploiting the 99%? Meet the worst of the 1%.
There’s just something about manufacturing.
GE paid an effective tax rate of 2.3 percent or less over the past ten years. What did the government do for GE while it was paying little - and often no - taxes? Let's see: The government let it off with just a slap on the wrist - more than once - after it repeatedly broke the law.
If a blunder you committed cost your employer $4 million, how long would you stay employed? In America today, a CEO can cost his company $4 billion and still collect both a paycheck and a bonus.
Again and again (and again and again) we hear -- and learn the hard way -- that our "keep government out of it" approach to economic and manufacturing policy is hurting us.
EJ Dionne thinks that Democrats should be wary of getting too cocky because the Obama lead is fragile and the Republicans might just decide to be sane before the election:
I believe for every drop of rain that falls, A flower grows. Tom Jones Mitt Romney’s economic address at Ford Field in Detroit received more attention for the empty seats in the cavernous field than for the similarly vacant words in his address.
Now that my post-20th-GOP-debate waves of nausea have subsided, I'd like note one good thing that came of the whole ordeal.
Action Coming -- Spread The Word! This is a Big Deal, just look at end of this post for the list of organizations that are signed on to this so far - and more coming.
So I've been wondering here lately about why these campaigns cost so much more than they did just a few years ago. What are these Super PACs spending all their billionaire contributions on anyway? Well, surprise ...
Make it stop.
Our politicians are doing and saying increasingly incomprehensible things. The separation from regular people is unbelievable. But in politics you "dance with the one that brung ya," and these things become comprehensible and believable when you look at who is bringing them to the dance.
The Obama administration released a “framework” for corporate tax reform yesterday, proposing to lower corporate tax rates, and pay for that by closing various corporate tax loopholes.