If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
Even after it was known that Jamie Dimon's bank blew more than $2 billion on the same suspect derivatives trading that has bankrupted the world's economy, Barack Obama still had praise for the intellect of his political backer and the integrity of the bank he heads.
If more people were paying even a modicum of attention to the past, the economic debate in the 2012 presidential campaign wouldn't be between one political party beholden to big money that dreamily depicts investment bankers and oligarchs as jobs creators, and another political party, also beholden to big money, that wants applause for fixing the problem. If more people remembered which policies worked and which failed during the Depression then the jobs debate in this election wouldn't be about austerity and deficits, it would be about stimulating short-term demand and making long-term investments in education, research and infrastructure.
If corporations are people, as the Republican majority on the Supreme Court says, then the defining trait of the modern corporate personality is ingratitude.
Today, it doesn't really matter who the President is or who is in Congress because big corporations run our government.
With Mitt Romney's likely victory at the GOP convention, voters are left with only two reasons to vote against Barack Obama: Either they are desperate to return a white man to the White House or they feel strongly that it is time to break the glass ceiling denying Mormons the presidency.
"As of February 2012, the [United Auto Workers] trust holds a 41.5 percent stake in Chrysler and a 10.3 percent stake in General Motors," according to...
Clearly people comfortable in the Washington-Wall Street axis have no sense of shame. They know all too well what Goldman and the other financial swindlers have been up to, causing so much misery for tens of millions throughout the world.
If you decided to spend down all of the assets of the Bill and Melinda Gates Foundation (by far the largest foundation in the United States), it would fund the federal government for about 80 hours.
JPMorgan Chase CEO Jamie Dimon recently said that he felt safer in Lebanon than when Occupy marched past his house. If nothing else, it proves Wall Street bankers haven't gotten any better at risk management than when their bad bets crashed the economy and caused the Great Recession.
There are lots of catch-22s in this terrible crisis, and they should have been taken into account when the eurozone was first established.
Our nation is facing a crisis -- with vast domestic and worldwide implications -- that can only be addressed by thinking out of the box about education.
This auto industry recovery is an example of both parties working together to help save a national treasure in our auto industry and preserve jobs in industries that depend on auto manufacturing.
There is little doubt that the global financial crisis posed "unusual and exigent" circumstances that had to be met with a huge response by the Fed (and Treasury). It is not clear, however, that the response actually mounted was legal. It was certainly not transparent.
Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is.
It's like saying rather than drowning in a lake 50 feet deep, you get to drown in a lake that is only 30 feet deep. And, people are taking victory laps? You don't believe any of that and still think what the politicians said about punishing the banks was true?
