Joseph Palermo: The evidence is mounting that the 1 percent controls both of our major political parties. And now the corporate wing of the Democratic Party is getting pissy about the “tone” that its standard bearer is showing toward vulture capitalism?
Robert Reich: So the race to the bottom is now official. Wall Street will set up its casino wherever financial gambling is least regulated.
Articles by Sylvia Moore, Sikivu Hutchinson, Sherwood Ross, Tom Degan, Sharon Kyle, Ivan Eland, David Swanson, David Love, Seth Hoy, Rev. Irene Monroe, Robert Reich, Michelle Waslin, Tina Dupuy, Tracy Emblem, Anthony Samad, Randy Shaw, Michael Sigman, Joseph Palermo, Andrea Nill, Tom Jacobs, Paul Hogarth, Georgianne Nienaber, Mario Solis-Marich, Michaelangelo Price, Ruth Rosen, Linda Milazzo, Berry Craig, and Robert Illes,
Robert Reich: Respectful disagreement is virtuous in a democratic society, but so is appropriate indignation. Indignation signals to the public that social responsibilities have been breached, and thereby lends credence and authority to all those who are working toward them. Franklin D. Roosevelt had no hesitancy blaming the “economic royalists” – the rich bankers and executives who stood in the way of the New Deal.
Robert Reich: The White House dismisses all three of these three measures “populist,” as if that adjective is the equivalent of “irresponsible.” But in fact, these amendments are necessary in order to restore trust in our financial system. They would reduce Wall Street’s tendency to take huge risks, pocket the wins, and fob off the losses on the public.