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- Originally published at Capital Gains and Games. read more »
Romneyism by Robert B. Reich, robertreich.org | November 5, 2012By now, in these last remaining days before the election of 2012, we have learned enough about the beliefs of the Republican presidential candidate to see them as a worldview all its own – a kind of creed that explains Mitt Romney. Those who say he has no principles are selling him short. Despite its contradictions and ellipses, Romneyism has an internal coherence. It is different from conservatism, because it does not intend to conserve or protect any particular institutions or values. It is also distinct from Republicanism, in that it is not rooted in traditional small-town American values, nationalism, or states’ rights. The ten guiding principles of Romneyism are. read more »
Notes for a Manifesto by Robert Kuttner, Huffington Post | November 5, 2012The enormity of last week's super-storm is just beginning to sink into political consciousness. Hurricane Sandy should transform what Americans expect from their government, and give the party of government activism new force. As soon as the election is behind us, the country faces a major struggle over what the super-storm portends and requires. But that struggle will be as much within the Democratic Party as between Democrats and the right, because of the deadweight of austerity politics. read more »
- The Hall is an annual online ballot spotlighting and calling to account the year’s most abusive corporations. Let your voice be heard — vote on your choice for the worst corporation of 2012! read more »
Hurricane Sandy's Silver Lining: A Reaffirmation of Progressive Principles by Daniel Marans, OurFuture.org | November 1, 2012At a time when the country is still reeling from the aftermath of Hurricane Sandy, the storm has reaffirmed progressive principles that have been under attack in recent years. Sandy has, in fact, brought together a trifecta of progressive policy vindications: the dangers of climate silence, the importance of a strong and responsive federal government, and the necessity of collective bargaining rights for workers. read more »
Arbitraging Catastrophe: We're All in Danger - And It Could Get a Lot Worse by Richard (RJ) Eskow, OurFuture.org | November 1, 2012It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets. And if you think it's bad now, wait and see what happens if Romney takes over. Think "global catastrophe." While bank-friendly politicians offer insipid legislation, the world economy is still at risk. And it could get worse. read more »
Bringing the Fight to the Billionaires by The Nation, The Nation | November 1, 2012At a moment when political minds are fixed anxiously on Washington, it’s useful to remember where the real power resides. In this election, wealthy corporations and individuals have shown yet again how they can purchase politicians and pervert the democratic process. Progressives have no choice but to try to counter these forces through massive ground operations at election time, but that doesn’t always work—and even when it does, the rigged game always begins anew the day after, with corporate lobbyists working their magic on many of the same officials progressives just knocked themselves out to elect. So why not take the fight to the businesses and billionaires who are pulling the strings? read more »
‘Too Big to Fail’ Remains Very Real by Simon Johnson, economix.blogs.nytimes.com | November 1, 2012Prominent voices within the financial sector are increasingly insisting on one point: We have ended “too big to fail.” The idea is simple: through a combination of legislation (the Dodd-Frank legislation of 2010) and supportive regulation (particularly regarding how big banks would be handled in the event of “liquidation”), very large financial institutions are no longer perceived by investors to be too big to fail. Unfortunately, while tempting, this idea is completely at odds with the facts. The market perception that some financial institutions are “too big to fail” is alive and well. If you want to remove that perception, you need to break up our biggest banks. read more »
- Originally published at TruthOut. One of the major growth industries in Washington is the promotion of budget hysteria. Well-funded groups have weekly, if not daily, events designed to hype the country’s budget situation. Much of the national media, most importantly the Washington Post, have enlisted in this effort, devoting both their opinion and news sections toward this goal. Unfortunately for the deficit-crisis industry, the facts may stubbornly refuse to cooperate. Any discussion of the deficit requires separating out the short-term and the long-term story. The short-term story is very simple. The economy collapsed in 2008 when the housing bubble burst. That is the story of the large budget deficits that we have seen in the last five years: full stop. read more »
God's Stimulus? It'll Take More Than Just Money to Recover From Sandy by Richard (RJ) Eskow, OurFuture.org | October 31, 2012Hurricane Sandy was the stimulus nobody wanted. It took a terrible toll in lives, homes, and dreams. For the families who lost loved ones the tragedy will never end. And yet, in a bitter irony, this terrible storm will spur the kind of spending we should have been seeing all along. There will be jobs, at least for a while -- in construction, road work, repair, and other lines of work. read more »
In Deficit "Town Meetings," People Reject America Speaks' Stacked Deck , Huffington Post | June 28, 2010
On Saturday, the group known as America Speaks (funded by Wall Street mogul Peter G. Peterson and two other foundations) brought together several thousand people in meetings in 60 cities. They gave participants misleading background information about the federal deficit and economic options to achieve fiscal "balance" and future prosperity.
Democrats Court Republican Votes on Wall Street Reform, thehill.com | June 24, 2010
Democrats finalizing a 2,000-page bill that would overhaul Wall Street are moving to satisfy a handful of Republican senators whose votes may be necessary to pass the legislation.
The Democrats’ vote-counting strategy is strikingly different than on healthcare reform, which every congressional Republican opposed.
Final Derivatives Showdown Thursday: Read The House Offer , Huffington Post | June 24, 2010
The long-awaited showdown between banks and Sen. Blanche Lincoln over her derivatives reform section of the Wall Street bill begins Thursday morning. more »
Blanche Lincoln Holds Ground as Democrats Seek Deal, Politico | June 24, 2010
Salazar Pledges New Order to Bolster Deepwater Drilling Ban, thehill.com | June 23, 2010
Interior Secretary Ken Salazar on Tuesday said he will soon issue a new order that freezes deepwater oil-and-gas drilling in response to a federal judge’s decision to block the existing ban.
A federal judge on Tuesday issued an injunction against the six-month deepwater drilling ban that Salazar imposed in late May in response to the Gulf of Mexico oil spill.
Landrieu Urges White House to Reconsider Appeal, thehill.com | June 23, 2010
Sen. Mary Landrieu (D-La.) told The Hill that the White House should reconsider its plan to appeal a court decision that blocked a federal ban on deepwater offshore drilling.
A federal judge on Tuesday granted an injunction against the administration's six-month moratorium on deepwater wells, which the Interior Department imposed in the wake of the BP oil spill.
Lawmakers Agree to Broad Terms for Consumer Protection Agency, mcclatchydc.com | June 23, 2010
Oversight Exemption for Auto Dealers Gaining Traction, The Washington Post | June 23, 2010
Banking Lobbyists Make a Run at Reform Measures, The New York Times | June 21, 2010
Study: Speculation Tax Would Make Wall Street Pay, blog.aflcio.org | June 18, 2010
The AFL-CIO and the global union movement have been demanding that Wall Street pay for creating the global economic meltdown, in part through a financial speculation tax. more »