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The Obama Budget: A Stick In The Eye For Banks

With all the fuss over Wall Street bailouts and AIG bonuses, one banking breakthrough is going unnoticed. Obama's proposed budget completely eliminates an unnecessary, obsolete bank subsidy: College student loans – where the subsidy goes to the bank, not the student....

Fixing the Economy. Seriously.

There were no theatrics. No single women came in to protest life’s travails, no displaced workers told of the factory shut down. Speaker of the House Nancy Pelosi’s Democratic Steering and Policy Committee Forum was government as it should be. Serious people hard at...

Don’t Fall For It

Don’t fall for it. The Republicans are attacking President-elect Barack Obama’s nomination of Eric Holder as attorney general. There are “red flags,” says Senator Charles Grassley, R-Iowa, starting with the pardon of financier Marc Rich. Don’t fall for it. Losing the...

Prisons. A stable and growing part of the economy.

Two things happened yesterday. First, I published this major post about the role prisons play in the U.S. economy. Later yesterday evening, the Bureau of Justice Statistics released new data about people in prison. Any surprise? The number continued to rise. Yes,...

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