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FROM AP: Quotations of the day
If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
WASHINGTON D.C. -- "Joblessness is here to stay. One current assessment rates the chances a laid-off worker will ever regain his or her income level a...
Obama's policies are the best chance for ensuring that the United States of America remains the greatest country in the world.
President Obama may be fated to travel the same path as Gorbachev, and like him, end up as a valiant failure.
With Summers, Geithner, and Bernanke working closely with major investment bankers to restart the system of securitization, there will be a titanic struggle over what kind of regulatory system to have going forward.
The greatest was Lincoln; the next best was Roosevelt. I think Obama has the potential to be a president on their level.
Pundits have criticized last week's announcements on the new bank bailout and Afghanistan. Yet, a crack up of the Democratic coalition or fracturing of the progressive movement it is not.
From: Barack Obama To: Rahm Emanuel
Dear Rahm, I'm concerned that I'm getting only one viewpoint on how to solve the banking crisis.
Obama and his advisors made a critical miscalculation by allowing the political goal of bipartisanship to trump urgent economic necessity and the need for a new economic philosophy.
An Open Letter to Joseph Stiglitz, Paul Krugman, Nouriel Roubini, Elizabeth Warren, James Galbraith, Dean Baker, Robert Kuttner, George Soros and Friends.
Obama is failing his first hard choice as President by pushing for Geithner despite his serial cheating on his taxes and his utter failure in his previous job as head of the New York Fed.
The talking heads of economics have one proposal: to recreate that world, to get people in China, India, Guatemala, etc. back to the work benches and get people in Europe and the US back to the trough of consumption.
We should be automatically suspicious of any proposals coming out of Washington, starting with Obama's recent request that the Treasury release the second $350 billion.
Obama-nomics won't merely be the New Deal Part Two. It will have to be executed along with policies hammered out in partnership with the best minds and most enlightened leaders in the world.
Even if we take into account the rest of our red ink, and we actually hit the dreaded "trillion-dollar deficit" in 2009, how extreme would this be?
"Real change" would be to put an investor advocate, and not an industry shill, in charge of the SEC.
Leo Hindery, who was an economic advisor to the Obama campaign and authored the interesting book It Takes a CEO, is a real stand out who the Obama team should consider for Commerce.
