Washington: Totally Disconnected From Main Street
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The Blog
Bush Oil Buddies Divvy Up Iraqi Oil, Now Joined By "Liberal Scion" Peter Galbraith
Peter Galbraith, son of the famed economist, is in line to reap $100 million dollars -- maybe more -- from contracts between a Norwegian oil company and the autonomous Kurdish region of Iraq.
The Real Danger of "One Big Regulator"
Currently, oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.
The Wrath of Suburbanites and Independents
The election results show that no incumbent governor (or incumbent party) can escape the wrath of an electorate that continues to bleed while it watches tax dollars squandered on foreign wars and Wall Street fat cats.
Health Care Reform is Critically Important, But Getting Americans Back to Work is More So
The optimist in me says Obama can pivot off a health-care victory and launch some new initiatives that palpably and quickly spur job growth. The realist says there aren't any such initiatives.
Let Us Now Praise Uppity Women
Women like Brooksley Born have a long history of being whistle-blowers in systems dominated by men. Perhaps this time Congress -- and the American people -- will listen.
Geithner Advocates Permanent Billionaire Bailout Society?
We can either prop up the billionaire bailout society as Geithner wants or we can begin the necessary process of breaking it up. You know what the financial interests want.
Join in the Effort to Break Up the Big Banks
There is a movement afoot, and I'd like you to join us. Several organizations are cooking up a number of ways to make this change happen.
Re-Regulating the Banks Is Change We Can Believe In
Breaking up the banks to ensure that never again can the greedy few throw an entire planet into a Depression is not only a logical step but also smart, popular politics.
2010: The Year Main Street Sticks It to Wall Street and Washington
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
A New Crossover Hit: "Break Up the Big Banks"
We've reached an incredible moment when Alan Greenspan, Michael Moore, FDIC head Sheila Bair and Elizabeth Warren are all singing the same tune: calling for breaking up the big banks.
Wall Street Is More of a Threat to Obama's Domestic Agenda than Afghanistan
Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
The Recovery: Can You Feel It Yet?
We all know that the economy is recovering. The stock market is up by more than 50 percent from its March lows and banks are reporting strong profits. Everything is bright and sunny again, unless you have to work for a living.
The Phantom Recovery and What To Do About Jobs
The economy may be in a technical recovery but this is not a real recovery and the "green shoots" or "positive signs" that Wall Street cheerleaders love to shout about are phantoms of their ever-optimistic imaginations.
Alan Greenspan Is the Definition of "Epic Fail"
Greenspan's ability to make these kinds of public financial predictions without fear of being pelted by rotten tomatoes is facilitated by America's proud tradition of rewarding white collar failure.
Is the Opposite of Capitalism Democracy? A Review of Michael Moore's Capitalism: A Love Story
Moore explicitly states that we ought to turn to democracy as the alternative to capitalism. But the opposite of capitalism is not democracy, it is socialism.
ReThink Review: American Casino -- Gambling on Timebomb Loans
When you hear terms that sound very technical like "credit default swap" and "reverse redlining", it's easy for part of your brain to shut off. I was guilty of this myself.
Wall Street and Washington Dissing Main Street, One Year Later
Wall Street and Washington don't understand what is happening on Main Street. The people in Washington are pushing the line that they saved us from "something even worse." Like what?
Exposing the Myth of Irrational Exuberance
Irrational exuberance? We think not. Market participants responding rationally to a range of short term economic incentives are the root causes of the crisis.
Other Economists in the Room
I don't disagree with Paul Krugman, but he is missing out on some big issues that also need to be discussed and understood before we actually know what is going on in our world.
Who Isn't John Galt? Part 2
To those who posted about having to "share" their earnings with those who had "no hand in it at all": you are truly living in a fictitious reality.
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