An Exploitation Tax Is Past Due

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Charles D. Hayes: Many full-time employees of some of America’s largest employers need government assistance, including food stamps. Guess who picks up the tab?

The Government “Debt” Flim Flam

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Mark Dempsey: American government has the legal right to create literally unlimited dollars, so it can never be insolvent. It will run out of dollars when the Bureau of Weights and Measures runs out of inches.

Think Occupy Is Dead? Think Again

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Tim Gatto: We are now receiving major headlines in the mainstream media, and the frightened pawns of the corporate world are fighting back.

The Duh Factor, or Biz School Brilliance

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Jim Fuller: I confess to major reservations about those who work in and for the business schools that now take up far too much otherwise valuable space on most major college and university campuses.

Obama’s “Fireside Chat” (FDR or Jimmy Carter?)

Joseph Palermo: Tuesday night President Obama explained how his administration is going to respond to the most devastating human-made ecological catastrophe in the nation’s history. But he apparently doesn’t recognize how overwhelmingly popular it would be right now with the American people if he came out swinging against the malefactors of great corporate wealth like BP (or Goldman Sachs).

Apple Isn’t the Problem; Wall Street’s Big Banks Are the Problem

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Robert Reich: So why is the FTC nosing around Apple and not around Wall Street? Because the Federal Trade Commission Act allows the agency to stop “unfair methods of competition” almost anywhere in the economy except in the financial sector. Banks are explicitly excluded. Another reason for financial reform.

The Importance of Getting Wall Street Out of Washington, and Washington Out of Wall Street

Goldman Sachs Bets Against America

Robert Reich: If Washington knew what was good for it and the nation, it would sever its financial connections with the Street. Better yet, it would enact legislation seeking to limit the impact of private and corporate money in politics. That goal is made more difficult to achieve by the grotesque recent Supreme Court decision (Citizens United vs. Federal Election Commission) holding that corporations, including financial firms, have the right to spend unlimited amounts on political campaigns. But there are ways around this, such as more generous public funding for candidates that choose not to take private contributions. Hopefully as well, the president will nominate Supreme Court justices who understand the importance of public trust in democratic institutions, and the difference between companies and people.

Democratic “Accomplishments” Not Nearly Enough

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Joseph Palermo: Unless the Congress moves some progressive legislation quickly there’s going to be trouble this fall because any political party that is stupid enough to allow a couple of shmucks like Joe Lieberman and Ben Nelson, or the outcome of a special election in New England, to unravel its governing coalition doesn’t deserve to be in power.

Paul Volcker Body Slams World Bankers

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Why didn’t Obama deliver this speech when he spoke to bankers on Wall Street a few months ago? Better late than never, I suppose, and bankers are slightly more likely to pay attention to Volcker than to Obama as evidenced by the fact that several major US bank CEOs turned down the invitation to hear the president speak.