To employ the vernacular used in my day job teaching college students, I give Obama a generous B- grade. Meanwhile, the rapacious capitalist-turned-candidate Romney earns a solid F and makes Obama look quite good in comparison.
Nothing illustrates the choice between the two presidential candidates better than the 2009 rescue of the auto industry. And, despite Mitt Romney's efforts to distort the contrast with patently dishonest claims and a new TV ad, the auto rescue may turn out to be the deciding factor in the election.
"Romney's Go-To Economist" read the headline on a New York Times profile of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president.
It is absurd to depict Wednesday night's rhetorical stew of superficial nitpicking by two candidates with a proven record of subservience to the Wall Street bandits responsible for wrecking our economy as a meaningful exercise in democratic governance.
Consider that the cost of the getting to the Moon in today's dollars would be about $26 billion less than taxpayers spent bailing out the insurance giant AIG.
We can all share in the bounty of the Commons, and this can form a source of actual income to Americans. Here are a few ideas for creating a source of income for all people from the Commons with citizen's dividends.
If you are corporation or stock analyst, then you are likely to say that the economy is doing pretty well. But if you ask the average employee, then you are worried that your job may be on the chopping block. So why is there such a disparity?
The decrease in economic freedom experienced thus far doesn't mean that the U.S. is about to turn into a poor third world country. But it does imply low or stagnant growth that slows our improvement in living standards.
Obama has followed the examples of Summers and Geithner instead of those of Warren and Harris, and that is what has made the election a tossup as voters continue to suffer in an economy that Democrats as well as Republicans wrecked.
Heidi Ewing and Rachel Grady have made documentaries about entire subcultures, but their latest tackles a whole city. Detropia looks unflinchingly at the grim realities of contemporary Detroit, which is where Ewing grew up. The city has changed drastically since then.
Making recommendations would give the SEC a second chance, but will not solve the stability problem if there aren't three commissioners who are willing to accept them.
Paul Ryan's voting record doesn't match his lofty conservative rhetoric. He's a big government hypocrite that has repeatedly turned his back on the principles of the Tea Party movement.
While the repeal of Glass-Steagall was certainly a part of making our system fragile to the point where it is at today, thinking that a simple solution like breaking up the banks will be the panacea that we seek is incredibly naïve.
Barofsky's experiences should serve a cautionary tale -- and a wake-up call. Power can -- and does -- corrupt. Our revolving door, campaign contribution driven political system has lost touch with the "ordinary" citizens it is supposed to serve
Democrats in the Senate put together a bill which will extend the Bush tax cuts for everyone. The news media, who are infamously bad at math, missed this fact. But under the Democrats' plan, every taxpayer will pay less in taxes than if the Bush tax cuts were allowed to expire.
Sandy Weill's Citigroup engaged in fraud on a massive scale, unfettered risk taking and then needed a massive taxpayer bailout during the 2008 financial crisis because it was so big it couldn't be managed. Yet only now does Weill say it was all a mistake.