Geithner is a continuing liability for this President. By stepping down, he can rightly claim some successes, while also presenting an opportunity for Obama to appoint a Treasury Secretary who fights for Main Street.
President Obama has announced a White House Jobs Summit for next month. However, this is not a moment for another White House gab fest. It's a time for progressive leadership.
Obama, like Kennedy, needs to overcome the dubious counsel of his own advisers, this time both economic and military. The president needs to listen to other voices, including his own.
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.
Obama's first year has not been full of good signs. He got a few things done while clearly leaning on the wrong side on the most important issues. But it's nowhere near too late.
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
There was good news and bad news in the Gender Gap Index. The good news is that the health and education gaps are being closed. The bad news is that the economic and political gaps are not.
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.
What can an investor do? For advice, I sat down with Marc Harris of RBC, one of the few large banks that maneuvered a clear course through the economic turmoil.
Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.
Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society an...
Beyond the pure shame of it, this photo of the Obama economic team is almost too painful to look at.
Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
I just got back from The Economist's "Buttonwood Gathering" and thought I'd share a few of the more interesting quotes from the movers-and-shakers at the conference.
American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.
For the first time ever, three women won top science prizes and we saw the first woman in Nobel history awarded the economics prize. Girls are now just as good at math as the boys.
A new profile of Charlie Rose is representative of a trend that seems to be growing: the sort of meta-, multi-platform story that has so many odd conflicts and strange connections that it makes you dizzy.
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.
Just a year ago, it seemed plausible that our government would do the obvious: bring the hammer down on sky-high salaries and bonuses, which clearly had no economic justification.
What, I ask, would have happened if Paulson had simply stepped aside and let Bear Stearns collapse into bankruptcy back in March 2008?
If unemployment figures are really "unacceptable," why is Larry Summers accepting the forecast -- and repeating it -- instead of telling us how the White House plans to change it?
