Paul Krugman: The Fire Next Time
April 16, 2010
Posted by AzBlueMeanie: Paul Krugman of the New York Times explains the need for financial services regulations in The Fire Next Time (excerpt): [Mr.] McConnell surely isn’t sincere; while pretending to oppose bank bailouts, he’s actually doing the bankers’ bidding. But before I get to that, let’s talk about why he’s wrong on substance. In his
Update: Why do Republicans hate unemployed Americans?
April 16, 2010
Posted by AzBlueMeanie: First it was Arizona's Senator Obstruction, Jon Kyl, who blocked the extension of unemployment benefits last fall because he wanted the Paris Hilton Tax (estate tax) for idle rich kids to inherit their parents' fortune to be dealt with first. Then it was Senator Jim Bunning (R-KY) who blocked the extension of unemployment
Government sues Goldman Sachs for defrauding investors
April 16, 2010
Posted by AzBlueMeanie: Think we don't need financial services reforms? Think the "free market" is self-correcting? Think again, Ayn. Goldman Sachs is the most politically powerful Wall Street bank. Alumni from Goldman Sachs are serving at every level of the federal government (and many state governments). Today, the federal government sued Goldman Sachs & Co.
Robert Reich: Break Up The Banks
April 16, 2010
Posted by AzBlueMeanie: Where is Progressive "trust buster" Teddy Roosevelt when we really need him –again? H/T Almanac of Theodore Roosevelt – Political Cartoons (Puck Cartoons). Former Clinton Labor Secretary Robert Reich offers his formula for reigning in the pirates of Wall Street: Break Up the Banks: A fight is brewing in Washington — or,
The Great American Bank Robbery
April 16, 2010
Posted by AzBlueMeanie: I love that television commercial which begins as a bank robbery but then you quickly discover that it is the bank employees holding up its customers for fees and charges. So true. The economics-ignorant media focuses almost exclusively on Wall Street. The extent of their economics reporting on the nightly news each
Defensive Melvin fails to defend himself
April 16, 2010
by David Safier This is truly weird. E.J. Montini, a columnist at the Republic, wrote a piece putting down Melvin's idea of spending $200,000 in state funds to put vigilantes militia a Volunteer Security Force on the border to replace Melvin's beloved but defunct Minutemen. Even though the column was written for a Phoenix audience,
Time to choose: Are you with the pirates of Wall Street, or are you with the American people?
April 16, 2010
Posted by AzBlueMeanie: Senate Republican Leader Mitch McConnell has rounded up 40 signatures on a letter, to be delivered to Democratic leadership, pushing for a compromise package that has watered-down bipartisan support. Sen. Susan Collins (R-ME) is the sole Republican who has not signed on yet–but though she's been long viewed as a potential crossover vote,
McCain can barely choke the words out
April 15, 2010
by David Safier Everyone is paying more taxes, and corporations are taxed up to their eyeballs. It must be true. McCain said it. When you watch the video, notice how uncomfortable McCain looks. I saw the same verbal hesitation and sideways glances during the presidential campaign when he knew he was lying. He's not a
