Tom Hall: Wouldn’t it be great if this latest Pentagon boondoggle to shovel more taxpayer dollars out the door for worthless crap brought together progressives and tea baggers in opposition to real government waste?
Marcy Winograd announced she is kicking off a campaign to fill Jane Harman’s vacated 36th CD seat. The kick off starts Saturday, Feb. 26, 10 am in front of Fox Drug of Torrance (Old Town), 1327 El Prado, Torrance, 90501. Last June, Marcy Winograd, a teacher at Crenshaw High School, ran against the incumbent Jane Harman and received 41% of the vote.
Robert Reich: Republicans have been looking for a way to oppose Senate Dems on financial reform without looking like patsies for the Street. And now they think they’ve found it — by trying to make Democrats look like patsies for the Street. The strategy is surely the handiwork of Republican pollster Frank Luntz who for months has been telling Republicans “the single best way to kill any legislation is to link it to the Big Bank Bailout.”
AIG has finally come clean with the public about who was at the other end of its calamitous financial bets. The recipients of billions of taxpayer dollars were … well … pretty much the banks that we expected: Societe General, Goldman Sachs, and Deutsche Bank, to name a few. The full list is here . [...]
by Robert Reich – According to Treasury Secretary Hank Paulson, the biggest Wall Street banks now getting money from the government are just “too big to fail.” Fed Chairman Ben Bernanke uses a different euphemism – he calls them “systemically critical.” The point is that if any of them goes down, it could take the [...]
We’ve been here before: The Republican attack machine at full throttle, spewing lies in best-selling books, on Fox News, on talk radio. The mainstream media reporting on the controversy, thereby giving it more air time and squeezing out the Democrats’ affirmative message. Followed by accusations by Democrats that Republicans are playing unfairly. Responded to by [...]
Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we practice it. Start with the U.S. economy’s most powerful government agency: The Fed, of course. Its decision this week to hold short-term interest rates steady was wrong, in my view; it should have lowered them because [...]
Nancy Pelosi thanked her host, American Jewish University, proclaimed her support for Israel as a Jewish state, and then talked about the importance of women owning their power – this from the woman who upon assuming her role as Speaker of the House declared impeachment off the table, thus immediately surrendering her power to hold [...]