Archive
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...
How To Fix The Dodd Bill
Despite strong rhetoric against aggressive Wall Street lobbying and deceptive Republican attacks, President Barack Obama appears ready to declare victory on a tepid and ineffective financial reform bill. The aims Obama outlined in his April 22 Cooper Union speech are...
The Best Solution to Vampire Squid? Calamari
The financial services reform bill will be debated in the Senate next week. The great test for the bill will be what it does to rein in Goldman Sachs, the Wall Street institution famously described by Rolling Stone journalist Matt Taibbi as “a vampire squid jamming...
