by Zach Carter | Apr 2, 2010 | Blog
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...
by Isaiah J. Poole | Apr 2, 2010 | Blog, Economy
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...
by Mary Bottari | Apr 1, 2010 | Blog
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...
by Dave Johnson | Apr 1, 2010 | Blog, Economy
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...
by Bill Scher | Apr 1, 2010 | Blog
Today, Treasury Secretary Tim Geithner said "The unemployment rate is still terribly high and it's going to stay unacceptably high for a long period of time." As my colleague Richard Eskow remarked last fall when White House economic adviser Larry Summers said...
by Leo Gerard | Apr 1, 2010 | Blog, Making it in America
America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. In mid-March, Chinese Prime Minister Wen Jiabao flatly denied that China deliberately suppresses the value of...
