Archive
Bank Profits Soar
President Obama got it exactly right when he said that we couldn't go back to an economy in which the banks captured 40% of corporate profits. We needed an economy built on a new foundation. Well, financial profits are soaring -- up a staggering 240% over last year....
Trump: Tax China, Create Jobs in America
Donald Trump knows a few things about making money. The first step: You need a job. But a job is something more than 17 million of America’s workers don’t have. In a recent CNN interview, Trump says one big way this country can create jobs is by...
Governor McDonnell's "Do-Overs"
We entered a truly surreal political realm during the presidential election, when it fell to Peggy Noonan to serve as a voice of reason among conservatives. That job has since transferred to Dan Quayle, with Tom Coburn stepping into the role of "Reasonable...
Tax Tricks
How many ways can people be tricked about taxes? Here are a few tricks I have come across. * The rich already pay most of the taxes. You hear variations of this, most recently the news that 47% of Americans don't owe any federal income tax. But the fact is that the...
Democrats Show Some Backbone on Wall Street Reform
The political battle over Wall Street reform is finally being engaged in earnest. Senate Minority Leader Mitch McConnell (R-KY) has formally thrown in his party's lot with the nation's largest banks, and to their credit, Democrats appear to be pushing back, both on...
Progressive Breakfast: Conservatives Hug Wall Street
GOP Leaders Side With Wall Street, Against Reform Senate GOP leader plants flag against Dodd bill. NYT: "The Senate Republican leader, Mitch McConnell of Kentucky, criticized the Democrats’ plans to regulate Wall Street as arrogant and partisan, echoing the recent...
Progressive Breakfast - 4/15/2010
Each morning, Bill Scher and Terrance Heath serve up what progressives need to affect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. Bipartisanship Takes Backseat To...
Young Americans: In Rejecting Jamie Dimon, Syracuse Students Speak for the Nation
When it comes to the economy, the color of wisdom is orange. Some students at Syracuse University are protesting the selection of JPMorgan Chase CEO Jamie Dimon as their commencement speaker. They're absolutely right: Dimon's a poor role model. We should be proud that...
A Wealthy Few Pick Up The Cash, We Pay The Costs
A few weeks back I wrote about Whirlpool closing their Evansville, Indiana plant and moving the work to Mexico. I wrote about the lunacy of an economic system that encourages companies to destroy lives, communities and the very economy that the Whirlpools depend on....
Was Bernie Madoff the Exception Or the Rule?
Were the big banks all knowingly running Ponzi schemes? That's the question that arises from the stunning hearings held this week by the Senate Permanent Committee on Investigations, chaired by Senator Carl Levin, on the collapse of Washington Mutual, the largest...
