Biden Smokes Ryan, Energizes Democrats

ryan biden

Randy Shaw: Joe Biden gave the type of debate performance that, if given by Barack Obama last week, would have ended the race. Obama supporters can only hope that the President was carefully taking notes.

Thoughts on Tax Day 2012

mitt thurston howell iii romney

Robert Reich: I worry about the well-financed big lies that the very rich are the nation’s “job creators,” that the benefits from tax cuts on the rich “trickle down” to everyone else.

Mitt’s Low-Tax Killing

romney fever

Robert Reich: Now that Mitt Romney is the presumed Republican candidate, it’s fair to ask how he made so much money ($21 million in 2010 alone) and paid such a low tax rate (only 14.9 percent).

Why Inequality Matters

lawrnence strike 1912

Ann Robertson and Bill Leumer: The only alternative available to working people that offers real prospects for success are mass mobilizations in the streets and strikes – the kind of militant struggles that scored so many gains in the 1930s.

Civic-Minded Plutocrats

joseph palermo

Joseph Palermo: Wouldn’t it be something if the Bin Ladens of the world funneled untraceable cash into Republican candidates’ coffers because they know they can count on the GOP to continue the wars in Iraq and Afghanistan, two of their greatest recruiting vehicles?

The Perfect Storm

plutocrat

Robert Reich: The perfect storm: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical about a government that’s raising its taxes, reducing its services, and unable to get it back to work.

Closing Tax Loopholes For Billionaires

wall street regulation

Robert Reich: It’s not as if these investment fund managers are worth a $20 billion subsidy. Nonetheless they argue that if they have to pay at the normal rate they’ll be discouraged from investing in innovative companies and startups. But if such investments are worthwhile they shouldn’t need to be subsidized. Besides, in the years leading up to the crash of 2008, hedge-fund and private equity fund managers weren’t exactly models of public service. Many speculated in ways that destabilized the whole financial system.

Peter Baker and David Herszenhorn: Wall Street Reform Reporting Lacking

Mitch McConnel

Joseph Palermo: The massive trading and swapping of Collateralized Debt Obligations (CDOs) and other abstractions cooked up by the fertile minds of sociopathic Wall Street “traders” not only did nothing to lubricate the real economy through financial intermediation, but they helped bring down the entire system and cost taxpayers hundreds of billions of dollars.

Stock Ownership: Theory vs. Reality

Money

Ron Wolff: I can’t help wondering how much more I (and millions of other Americans) could be earning from our stock portfolios if the billions of dollars paid in executive compensation (based on rationale that is marginal at best) were distributed to the shareholders.

Color of Law: New York, City of the Poor

poverty1

As the song goes, “If I can make it there, I’ll make it anywhere, it’s up to you, New York, New York.” The problem is that if you are counting on making it in New York City, you could be setting yourself up for disappointment. A recent report by The Center for an Urban Future [...]

Excuse Me, But I Am A Real American

by Charley James – For the past several weeks, John McCain, Sarah Palin and their surrogates have been busily dividing America into two categories: Real and, I guess, pretend Americans. To Republicans, Election 2008 is junior high school all over again, complete with cliques and slam books. Us and them. The cool kids and the [...]

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