Archive
The $1.1 Trillion In 'Spending' That Shouldn't Escape The Budget Knife
Most discussions about addressing the country's budget deficit essentially leave out a $1.1 trillion slice of the federal government. That's the size of the federal government's "tax expenditures" in fiscal year 2009, based on calculations in a new Citizens for Tax...
Sarah Palin is Seizing The Populist Moment -- Will Democrats?
Sarah Palin's broadside against the Obama administration's Wall Street reform proposal is an interesting study in, well, hackery. One the one hand, her latest Facebook post is a disingenuous smear, loaded with outright lies. On the other, she's kind of onto something,...
Progressive Breakfast - 4/23/2010
"The Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy" continues, with Peterson Foundation CEO David Walker confronted on video. Will GOP Filibuster Wall Street Reform On Monday? Sen. Maj. Leader Harry Reid schedules a...
Conservative Failure - New $100 Bill "Looks European"
Conservatives just hate Europe. They think the US should be less like Europe. So following along with this there was a big headline over at the conservative website Drudge Report the other day: "Even Obama's New $100 bill looks European". Here's the thing. The...
China Currency Hearing
This morning I watched a live webcast of a Senate hearing, titled, Senate Banking Subcommittee on Economic Policy to Examine Effect of China Currency Practices on American Manufacturing. The details of the hearing as well as an archive of the webcast are available at...
Today at The Virtual Summit: The Fed Prints Money, Social Security Is Real Money and Video Smackdown!
The President Has Spoken. Now Let's Help Him Act.
If you've ever wondered what the phrase "the sound of silence" means, you should've been listening when the President invited "the titans of industry" to join him in promoting financial reform this morning. The President's speech walked a fine line between vision and...
Make Congress Live Up To Obama's Reforms
President Barack Obama identified five major problems on Wall Street in his speech at Cooper Union today. Unfortunately, the solutions he has proposed to these problems either will not work, or are not included in the legislation that passed the Senate Banking...
On "Crazy Chicken Lady" Conservatism
It's come to this. Conservative thought has degenerated to the "Crazy Chicken Lady" school of reform. I kid you not. Meet Nevada's GOP candidate, Sue Lowden — a/k/a "The Crazy Chicken Lady." This is at least a few days old by now, but that she's actually...
China v. US Workers: China is winning
Today the Senate Banking Committee is holding a hearing to examine “the impact of China’s exchange rate practices on U.S. manufacturing” Many experts will testify. I offer some pictures that might help. 1. Is China manipulating its currency? Yes: Source: Yuan. Broad...
