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.
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.
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.
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.
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 [...]