The Dog That Didn’t Bark: Obama on JP Morgan

obama black children

Robert Reich: Obama can can take on Romney and the system that allows private-equity managers to continue to make huge profits at the expense of average Americans.

Inflation — Fighting the Last War

pat-toomey-wide

Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.

American Competitiveness, and the President’s New Relationship with American Business

obama immelt

Robert Reich: President Obama must not be seduced into believing — and must not allow the public to be similarly seduced into thinking — that the well-being of American business is synonymous with the well-being of Americans.

Third Party in 2012

michael bloomberg

America has moved from a president elected in 2008 for hope and change to a midterm election in 2010 dominated by massive dumps of mud and sludge on voters sickened and disgusted by both political parties. Is America ready for a president who could write a $3 billion check for his campaign and never need [...]

Obama’s Regulatory Brain

banking regulations

Robert Reich: The most important thing to know about the 1,500 page financial reform bill passed by the Senate last week — now on the way to being reconciled with the House bill — is that it’s regulatory. It does nothing to change the structure of Wall Street.

Lincoln to the Rescue

Paul Volcker, Blanche Lincoln

Robert Reich: Blanche Lincoln wants to force the banks to put their derivatives into separate entities that aren’t subsidized by you and me. This is just common sense. Her move would also end the big banks’ monopoly over derivatives, thereby reducing their risk to the financial system. It would also cut dramatically into the big banks’ profits.

Why the President’s Next Big Thing Should Be Jobs

Unemployed

Robert Reich: Including all those who have entered the job market since the bottom fell out, the nation is about 11 million jobs short. The President ought to use his second honeymoon to get a jobs bill that will make a difference.

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.

Too Big to Fail: Why the White House and Congress Won’t Break up the Big Banks

Wizard

The right idea is to break up the giant banks. I don’t often agree with Alan Greenspan but he was right when he said last week that “[i]f they’re too big to fail, they’re too big.”

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