Archive
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...
Progressive Breakfast - 4/22/2010
"The Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy" continues. VAT warnings, Social Security scapegoating, military pork and more. Derivatives Crackdown Clears Committee Ag committee passes tough derivatives bill. One...
Today At The Virtual Summit: Debt Commission Secrecy, Social Security Scapegoating and VAT Warnings
Today at the Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy hosted by Campaign for America's Future... Can We See The Debt Commission?: Rep. John Conyers demands that the President's newly formed debt commission hold...
Roosevelt or Hoover? The Most Important Speech the President Has Ever Given
Tomorrow President Obama will return to Cooper Union in New York, where he gave a speech on financial reform as a candidate two years ago. We're told that his advisors want him to "go big" in his speech, as he did when he addressed a joint session of Congress on...
India and Brazil Join Call For Chinese Currency Adjustment
Finance officials from the G20 countries are meeting for three days beginning tomorrow. China's currency manipulation is one of the top items on the agenda because it is hurting the entire world, not just the United States. The currency is undervalued by as much as...
The Big Fix (Hold On To Your Wallets)
This post is part of the two-week long Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy, hosted by Campaign for America's Future. The drumbeat about deficits has reached deafening levels. The president warns about "out of...
Progressive Breakfast: What's Not In The Dodd Bill
Can We Toughen Up Wall Street Reform? W. Post's Harold Meyerson holds up Sen/ Blanche Lincoln's derivatives bill as the test of true reform, questions WH commitment: "[Sec. Geithner] has not embraced Lincoln's bill, and some senators fear he will craft a bill with...
Progressive Breakfast - 4/21/2010
Can We Toughen Up Wall Street Reform? W. Post's Harold Meyerson holds up Sen/ Blanche Lincoln's derivatives bill as the test of true reform, questions WH commitment: "[Sec. Geithner] has not embraced Lincoln's bill, and some senators fear he will craft a bill with...
Tax Tricks: Is Corporate Income Taxed Twice?
Conservatives claim that income from corporate dividends is "taxed twice" -- first when the corporation pays its taxes (if it does pay taxes), and then when the recipient of dividend income pays taxes on that income. They don't claim, however, that when you pay your...
