Corporate business interests have had a strangle hold on Washington for many decades now. And the President's kneeling reveals that there is no easy way to break this corporate death grip.
Before we completely forget that Wall Street is largely responsible for the economic mess we're in, let's revisit Wall Street's greatest fabrications for 2010.
In a parallel universe lives Peter Orszag, Obama's former budget director and key adviser, who has passed through that revolving platinum door linking the White House with Wall Street.
Soon, millions of middle class American citizens will join them in their plunge through the torn safety net this deal does not repair. And they will vote in 2012.
What do the disasters of George W. Bush, the Wall Street melt-down, and the poison of the Tea Party all have in common? Politicos and their puppet ma...
During and before the current economic crisis, few countries have been vilified as an economic basket case as much as the Land of the Rising Sun. Paul Krugman has been influential in defining this narrative.
The G20 should not set target ranges for members' current-account balances. If they set any target ranges it should be for members' national saving rates.
An interactive guide to overcoming the recent recession.
One year ago, homeowners from California, Missouri and Massachusetts marched into the U.S. Treasury and handed officials a foot-high stack of documents from 150 families trying to save their homes.
The belated recognition that millions of mortgages are inadequately documented could be a blessing in disguise if it leads to stronger policy medicine both to clean up the banks and to help distressed homeowners.
Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?
The appointment of Elizabeth Warren and the departure of Larry Summers will not solve our problems, or even indicate that President Obama is interested in solving them.
The President has every right to nominate Prof. Warren to run the CFPB, but must be prepared to defend the nomination like any other.
The call for Geithner and Rubin to go will continue loud and long. The real and perceived misery level of the middle class appears likely to continue to rise.
Congressional action on China's cheating looks increasingly likely. The chances for passage of a bipartisan bill in Congress that would deter China from manipulating its currency have improved dramatically.
The central challenge we face isn't to re-balance trade with China. It's to re-balance the American economy so its benefits are more widely shared.