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.
The other day we appeared on Sam Seder's program, The Majority Report, to discuss the radical-right ideology of Edward DeMarco, a Bush appointee who became Acting Director of the Federal Housing Finance Agency (FHFA) and continues in that role because Congress won't confirm President Obama's nominee...
Anybody who doesn't believe that energy speculators can change election results might want to ask Gray Davis, the former Governor of California who was removed in a recall drive partly prompted by voter frustration over California's ongoing energy crisis.
Charlie Pierce has the definitive take-down of Ross Douthat and his budding bromance with Rick Santorum. Here's a taste:
Robert Reich says the economy's problem is that regular working people are not sharing in the gains that the economy makes. He says the idea that bringing back manufacturing will fix this is an illusion. I agree and disagree.
Originally posted at Capital Gains and Games. I promise you this is a true story even if it sounds way too convenient.
Thousands of people who tuned into Tuesday night's "National Teach-In to Take Back the American Dream" got a remarkable one-hour tutorial on how the economy collapsed, and with it the economic security of millions of working Americans.
Thanks in large part to the phenomenon of Barack Obama's president
In Will We Choose A Chinese Future, David Sirota asks the core question: "Do we accept an economic competition that asks us to emulate China?" THIS is the choice that the "job creators" are demanding that we make when they say we need to be more "
Close your eyes and imagine: The year is 2027. President Peace N. Love lost his re-election bid three years ago,after the disaster created by his military and intelligence cuts turned millions of Americans into homeless refugees.
Once again we're hearing that a foreclosure fraud deal is about to be announced between major banks, the US government, and most or all of the states.
Bankers who committed bank fraud deserve to be prosecuted and sent to jail. Enforcement of the law is vital to deter such behavior in the future.
If the President thought his mortgage investigation announcement would be an easy sell to progressive critics, he was only half right at best.
First, Republicans opposed extending the payroll tax cut that put an extra $20 a week in the pockets of 160 million working Americans. Next, th
Lawmakers make laws. They don't enforce them. Corporate America understands that difference — and exploits it with a relentless regularity. The latest case in point: the battle over outrageous CEO pay.
This is the 3rd anniversary of the American Recovery and Reinvestment Act, commonly known as President Obama's "stimulus." Republicans say it made the economy worse. Let's see...
PBS' NewsHour had a terrific segment exploring the question, Are Chinese Business Partnerships a Good Deal for U.S. Companies? Watch Peter Navarro describe what he calls "weapons of job destruction."
Presidential candidate Rick Santorum has gained popularity by saying he supports efforts to revitalize American manufacturing. But he remains silent about House Republicans keeping the China Currency Bill from being brought to the floor for a vote.
Conventional wisdom among the Very Serious People in Washington DC has long maintained that the severely punitive nature of current policies governing America's public schools cannot be called an "attack" on those institutions or the teachers who inhab