Archive
Paul Krugman is Wrong About the Big Banks
I rarely accuse Paul Krugman of failing to think clearly, but he's missed the mark with his his argument against breaking up the U.S. too-big-to-fail financial oligarchy. Here's Krugman's core objection: Breaking up big banks wouldn't really solve our problems,...
Rising From ACORN's Fall
News reports today that California Attorney General Jerry Brown did not find cause to prosecute workers for the community group ACORN who were caught in a sting orchestrated by a conservative blogger are bittersweet, given that Thursday was the day that
Fairly Unbalanced
OK. This is truly getting tiresome. I know the media is making an attempt to be "fair and balanced" in writing about the threats of violence against Democratic lawmakers after the passage of health care reform. Plenty of people have already addressed this,...
Will the Chinese Play the U.S. Once More?
With pressure building on the administration to tell the truth on China’s currency manipulation, and a report required by law on April 15, the Chinese government demonstrated just how sophisticated it is about playing US politics. Setting aside the harsh rhetoric of...
Jamie Dimon's Assault on the Economy
The latest letter from J.P. Morgan Chase CEO Jamie Dimon to his company’s shareholders is a deliberate effort to obfuscate his own bank’s rapaciousness and deflect attention from the enormous sums it has spent lobbying against financial reform. But despite the bank’s...
Jobs Report: A Call To Action
Moments after the Bureau of Labor Statistics released its report that the economy produced 162,000 jobs in March, this statement was issued on Capitol Hill: "“Any report showing that the economy added jobs is clearly a better alternative to one showing that it lost...
Progressive Breakfast: BREAKING -- Big Jobs Spike Not Big Enough
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. BREAKING: Big Jobs Spike, But Not...
Progressive Breakfast - 4/2/2010
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. BREAKING: Big Jobs Spike, But Not...
Comprehensive Bailout Tally: $4.6 Trillion Spent on the Bailout to Date
TALLY SHOWS THAT THE FEDERAL RESERVE IS THE REAL SOURCE OF BAILOUT FUNDS Today, the Real Economy Project of the Center for Media and Democracy (CMD) released an assessment of the total cost to taxpayers of the Wall Street bailout. CMD concludes that multiple federal...
Pressure On Wages As Well As Jobs
Our economy is not structured to produce enough jobs. Tomorrow's jobs report is expected to show as many as 200,000 jobs created in March, but a lot of that is temporary Census hires, and even 200,000 jobs created is still 2-300,000 fewer jobs than number of new...
