Progressive Media Advocates
Ann Robertson and Bill Leumer: Jerry Brown to resort to his terror tactic, intended to strike fear in the hearts of the public. He has told the people of California that if they do not support this new compromise tax proposal, then automatic trigger cuts will go into effect that will brutally slash the budget of public education on all levels.
Worrying about government debt is like worrying about the monster under the bed. The issue isn’t debt, it’s power.
Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.
Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.
Vijay Prashad: The “safety net” that Romney mentioned has been frayed beyond recognition since the 1980s. One of the most grotesque problems is hunger.
Robert Reich: Have you heard of William Dore, Foster Friess, Sheldon Adelson, Harold Simmons, Peter Thiel, or Bruce Kovner? If not, let me introduce them to you. They’re running for the Republican nomination for president.
Ellen Brown: As Aristotle told this ancient Greek tale, Midas died of hunger as a result of his vain prayer for the golden touch. Today, the Greek people are going hungry to protect a rigged $32 trillion Wall Street casino.
Matt Ward: Nationwide, the Occupy movement’s defense of foreclosed homes and individuals is an embodiment of the compassion espoused by the history’s greatest prophets and philosophers.
Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.
Dick Price: Occupiers expressed satisfaction that their concerns had been heard by Wells Fargo leaders, but frustration that little concrete action had been taken and no promises made for future steps.
Ellen Brown: The evidence to date suggests that “robo-signing” was not a mere technical default or sloppy business practice but was part and parcel of a much larger fraud, the fraud that brought down the whole economy in 2008.
Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.
Ellen Brown: In his State of the Union, President Obama announced that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending.
Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.
Robert Reich: Not a day goes by without Republicans decrying the budget deficit. But the biggest single reason for the yawning deficit is big money’s corruption of Washington.
Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.
Robert Reich: So here’s the deal: We’ll reelect you. We’ll stand behind you. We’ll give you a mandate to do all this – and more – in your second term. As long as you stand behind us.
Robert Reich: The more irresponsible his bomb-throwing, the more attractive Gringrich becomes to a sizable portion of Americans so fed up they feel like throwing bombs.
Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.
Peter Dreier: Perhaps because so many Occupiers have recently been evicted from their encampments in cities across the country, they have found common cause with the growing number of American families facing foreclosure.
Robert Reich: Republican leaders are trying to get rank-and-file Republicans to go along with an extended payroll tax holiday — but by paying for it without raising taxes on the very rich.
Ellen Brown: The recent interest in state-owned banks has provoked challenges on grounds that they violate state constitutional prohibitions against lending the credit of the state. The argument is not valid.
Friday Feedback: The notion that if work to open your own company that the government can force you to sell shares of it to employees is very much against what I believe in.
Tom Hayden: In light of the police actions in New York, Berkeley, Oakland, Denver, Portland and beyond—and as massive national demonstrations are about to take place—it’s not too late for the mayors to use their political stature to speak out about the crises befalling their cities.
Of the Federal Reserve Bank, Wikipedia says, The twelve Federal Reserve Banks form a major part of the Federal Reserve System, the central banking system of the United States. The twelve federal reserve banks together divide the nation into twelve Federal Reserve Districts, the twelve banking districts created by the Federal Reserve Act of 1913.[1] [...]
Robert Reich: Agreement or not, Washington is on the road to making budget cuts that will slow the economy, increase unemployment, and impose additional hardship on millions of Americans.
Sy Slavin: This Canadian study shows that as far as creating new jobs and generally decreasing unemployment, the way to go is increasing governmental infrastructure expenditures.
Leonard Isenberg: Did it really have to be so difficult or was this just a hidden incentive to debit card users to let the money just sit on the debit card, where B of A could continue making the float interest?
Ellen Brown: What was sufficient for a simple agrarian economy does not provide an adequate framework for freedom and democracy today. We need an Economic Bill of Rights, and we need to end the privatization of the national currency.
Robert Reich: Greek Prime Minister George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.
Sikivu Hutchinson: Black Skeptics Los Angeles spearheaded its First in the Family Humanist Scholarship initiative, which focuses on providing resources to undocumented, foster care, homeless and LGBTQ youth who will be the first in their families to go to college.
Carl Matthes: Despite the much-heralded 2008 success of Prop 8 in California to stop same-sex marriage, that vote, and it’s subsequent ramifications, provided not only 18,000 lesbian and gay couples with legal marriages, but the accelerant for the Prop 8 case currently being decided by SCOTUS.
Randy Shaw: Obama could regain young people’s support by lowering student loan rates, enacting immigration reform and rejecting the Keystone XL Pipeline, but time—and his political capital—is running out.
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