Bailout Is Capitalism Murdering Democracy
The Wall Street bailout bill is a lot of things -- a giveaway, a heist, a legislative manifestation of crony corruption. But it's structure is pure authoritarian capitalism.
The Wall Street bailout bill is a lot of things -- a giveaway, a heist, a legislative manifestation of crony corruption. But it's structure is pure authoritarian capitalism.
Jane Smiley | Posted 11.01.2008 | Business
If there's going to be a bailout, bailout from the bottom and let the benefits trickle upward. The ruling class can't imagine how things would work for them if we did that.
Dean Baker | Posted 10.31.2008 | Business
That's easy. You ask them how failure to pass the bailout will give us a Great Depression.
Doug Schoen | Posted 10.31.2008 | Politics
The recent effort to repair the country's ailing financial system was a perfect opportunity to make historic progress in ending the vicious partisanship that has characterized Washington for decades.
Robert Creamer | Posted 10.31.2008 | Politics
It was the right-wing Republicans who prevented the success of yesterday's publicly unpopular bailout -- and ironically, it will be the fortunes of the right that suffer most as a result. Here's why.
Howard A. Rodman | Posted 10.31.2008 | Politics
If we don't use this crisis as an opportunity, the pigs at the trough certainly will -- as they did after 9/11, and as Paulson and his gravediggers have been doing for the past few weeks.
Harry Shearer | Posted 10.30.2008 | Politics
As an American typically ignorant of the arcane ways of the financial wizards, what was missing for me in the scare talk last week was somebody who could put the danger in concrete terms.
Jacob Heilbrunn | Posted 10.30.2008 | Politics
So the verdict is in. The House's failure to pass the bailout bill means that George W. Bush's record will not be as bad as Herbert Hoover's. It will be worse.
David Sirota | Posted 10.30.2008 | Politics
Will the Democratic leadership make this bill a vehicle for the kind of New Deal-style investments and regulations that are necessary to start rebuilding this country, and pass this bill with full Democratic support?
AP | JULIE HIRSCHFELD DAVIS | Posted 10.30.2008 | Politics
WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergenc...
David Sirota | Posted 11.03.2008 | Politics