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).

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 Gulf Appears To Be Bleeding:” Institute for Southern Studies

bp oil spill

Georgianne Nienaber: The Institute for Southern Studies (ISS) features a compelling video on its website that documents an overflight at ground zero of the British Petroleum oil catastrophe resulting from the explosion of the Transocean/Deepwater Horizon well platform on April 20. This is the view that cannot be seen from sanitized satellite photos and composite maps depicting the direction and extent of the massive river of oil threatening entire ecosystems in the Gulf of Mexico. Tar balls have already been reported on pristine Dauphin Island, and the damage is escalating daily.

Barack Obama’s Latest Appointees

national-defense

Some have looked at the list of Obama’s latest appointees and said that Obama has thrown his supporters under the bus. Others say his selections are nothing less than masterful. We, at the LA Progressive, have decided not to weigh in. . .yet. Instead of giving you our opinion, we’ve compiled a list of the [...]

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