Don’t Bain on Me

romney shark

Ted Vaill: Why on earth would the American voter elect someone as its next President who is the poster child for the Wall Street excesses that almost drove the country into another Depression just four years ago? Are memories that short?

Wall Street: Oliver Stone’s Das Kapital-ist

oliver stone

Ed Rampell: Oliver Stone’s Wall Street: Money Never Sleeps is a bold, visually stunning movie and the best critique of the capitalist system and its 2008 financial meltdown since Michael Moore’s Capitalism: A Love Story.

Friday Feedback: Media Consolidation’s Long Tail

Friday Feedback: It’s hard for the public interest to compete with the special interests and their huge campaign contributions. Perhaps the way to go is to try to revive and enforce some of the regulations that the FCC used to have with regard to minority ownership, the Fairness Doctrine, the Equal Time Rule, a minimum number of hours of news and public affairs and children’s programming, etc.

Yes on Prop 15: One Small Step for Democracy

Jesse Unruh and Willie Brown, former Democratic Speakers of the California Assembly

Michael Sigman: Californians can do something about time-consuming fundraising, nefarious corporate influence, and obscene personal spending in American politics on Tuesday, June 8. A victory for Proposition 15, the California Fair Elections Act, will mean that the race for the Golden State’s Secretary of State will be a “clean money election” in 2014 and 2018. A small step, but a necessary one.

Glenn Beck: “Historian” for a Troubled America

glenn beck water on moon

Joseph Palermo: The wide dissemination of Beck’s views wouldn’t matter much if the United States were in better shape today. But the status quo that is emerging cannot help but create a highly volatile electorate for years to come. Class lines are hardening, mobility is stifled, unemployment will remain near double digits for many years, there is a sea of angry voters who are susceptible to jingoistic appeals and conspiracy theories (like the ones Beck promotes). The ongoing fiscal crisis at the local, state, and federal levels has led to the heartless rollback of public institutions at exactly the time when they are needed the most.

Financial Reform Too Small to Succeed

wall street reform

Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.

The Rebirth of Regulation

Regulation

Robert Reich: What do oil giant BP, the mining company Massey Energy, and Goldman Sachs have in common? They’re all big firms involved in massive plunder. BP’s oil spill is already one of the biggest and most damaging in American history. Massey’s mine disaster, claiming the lives of 29 miners, is one of the worst in recent history. Goldman’s alleged fraud is but a part of the largest financial meltdown in 75 years.

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