Bob Letcher: Do you have an approach for getting people past the bitterness that divides them, so that they can reinvent capitalism together; or, do you think that capitalism doesn’t need reinventing,?”
Robert Reich: Whatever the outcome of the upcoming midterm elections, the activist phase of the Obama administration has likely come to a close. The President may have a fight on his hands even to hold on to what he’s already achieved because his legislative successes have been large enough to fuel strong opposition but not big enough to strengthen his support. The result could be disastrous for him and congressional Democrats.
Andrea Christina Nill: despite his concerns relating to foreign workers, Grassley has already asserted that he isn’t interested in working towards a productive solution that involves even touching a “general immigration reform bill” with a ten-foot pole.
Obama still has time to deliver for his base. But this will require activists and constituency groups to ramp up public demands for such a course, rather than thinking they are helping the progressive cause by making excuses for a president whose inspirational words about social transformation have not been matched by actions.
In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead […]
It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make […]
The Greater Los Angeles area has long been plagued by a thought that individual neighborhoods don’t add up to a whole. And the good of that whole (the Greater Los Angeles area) is the largest micro situation in the macro dependency on foreign oil there is. With the dependency on cars that Los Angeles has […]