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Time to Deliver: The Transformation to Come

Last week, I wrote: "After a transformational election and at the beginning of a transformational presidency, progressives need to remember: the real transformation hasn't happened yet." The truth is, there will be a transformation. The question is what kind of...

What A Progressive Budget Looks Like

Unlike the 19-page propaganda document House Republicans lamely called their alternative budget last week, the Congressional Progressive Caucus has released a real budget with real numbers. Plus, it gets to the core of the country's fiscal problems, not with...

Time for a Grand Inquest on the Financial Crisis

Treasury Secretary Tim Geithner has called for "sweeping regulation" of the financial community, beginning a discussion of how we restructure the banking system—in and out of the shadows—as we emerge from what Robert Kuttner calls the Great Collapse. Literally...

Toxic Flaws In The Toxic Asset Plan

There are at least three serious flaws in the financial rescue plan that the Treasury Department has put forward for the banking system that financial expert and Institute for America's Future board member Rob Johnson lays out in an interview with Jane Hamsher of...

"Sacrificing Left and Right"

I missed president Obama's press conference. (Probably because it took place during the 2.5 hours of family time we have — including dinner — before the kids go to bed, and because afterwards I was either too busy catching up on reading and/or writing, or too tired to...

Down But Not Out at $464 Million a Year

Not everyone in the international hedge fund industry is making millions. Not everyone in the hedge fund industry right now even has a job. Amid the worst global economic meltdown since the Great Depression, hedge funds are hemorrhaging positions. An estimated 20,000...

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