Archive
Progressive Breakfast: Is The Toxic Assets Plan Toxic?
Toxic Assets Plan Announced Bloomberg provides the overview: "Treasury Secretary Timothy Geithner, who will unveil the Public Private Investment Program today, has crafted an approach using up to $100 billion of bailout money to spur investment funds to purchase --...
Progressive Breakfast - 3/23/2009
Toxic Assets Plan Announced Bloomberg provides the overview: "Treasury Secretary Timothy Geithner, who will unveil the Public Private Investment Program today, has crafted an approach using up to $100 billion of bailout money to spur investment funds to purchase --...
Progressive Breakfast: Obama Rallies Public as Bayh Bloc Forms
Obama Challenges Obstructionists On The Budget, as "Bayh Bloc" Forms President Obama confronts obstructionists over bold budget, at Costa Mesa town hall: THE PRESIDENT:: …Now, there are those who say these plans are too ambitious; we should be trying to do...
Creep of the Week: AIG's Edward M. Liddy
AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness. Liddy not only awarded $165 million in bonuses to the very AIG employees whose risky speculation in credit default swaps bankrupted the...
How To Withstand Deficit Sticker-Shock
(Updated 3 p.m. with Congressional Budget office figures and House Republican leadership response.) This weekend's news will be dominated by a Congressional Budget Office report that the federal deficit—already projected to exceed $1 trillion just a few months ago—is...
Is Congress Finally Ready To Seriously Tax the Rich?
How much has the uproar over the bonuses at AIG impacted America’s political discourse? This much: We now have elected leaders on Capitol Hill, for the first time since World War II, openly talking about slapping a 100 percent top tax rate on the income...
Lack of a Better Idea
I've seen more than one op-ed or blog post about why the idea of taxing bonuses handed out by banks that accept bailout funds — as the House just voted to do — is a bad idea.What I haven't heard is a better one. Plans to tax bonuses at financial institutions that have...
Progressive Breakfast - 3/20/2009
Blue Dogs Struggle To Avoid Obstructionist Rep Bloomberg captures the Blue Dog spin to appear constructive: "'I want the president to succeed but at the same time I don’t want our country to continue down the same road it has been going for the last eight years,' said...
AIG Bonuses: Fooled Again
This is one of those times when I really hate to say, "Told ya so." But... Well, I did. It was bloggers, by the way, who broke the news that the CEO salary restrictions in the TARP bill were toothless. It was bloggers who infiltrated today's equivalent of a smokey...
Progressive Breakfast - 3/19/2009
Obama Challenges Obstructionists On The Budget, as "Bayh Bloc" Forms President Obama confronts obstructionists over bold budget, at Costa Mesa town hall: THE PRESIDENT:: ...Now, there are those who say these plans are too ambitious; we should be trying to do less, not...
