A Billionaire Comes A’Whinin’

obama cafe

Joseph Palermo: Apparently for the captains of industry and high finance it’s not enough for Obama to be a faithful servant of their narrow class interests, they also want him to bend down and kiss their rings.

Greece’s Choice — and Ours: Democracy or Finance?

greek economy

Robert Reich: Greek Prime Minister George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.

Bloomberg to Treasury

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Brent Budowsky: Naming Bloomberg Treasury secretary would be a bold move by Obama to seek a post-partisan truce against gridlock in Washington and to escalate an urgent bid to create jobs, revitalize housing and revive the economy.

“Jobs Creators” Brand Tarnished

wall street protests

Joseph Palermo: Even hardcore capitalists are displaying a lack of faith in U.S. economic leadership, compounding the legitimacy crisis that has already engulfed millions of less exalted members of the global community.

Say It Ain’t So, O!

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Stanley Kutler: Our problems with governance lie far beyond the character of Obama, or with the Lilliputians who run Congress. Our “leaders” will not lead; worse yet, they refuse to honestly confront the nation’s interest or needs.

Obama Is Not Bobby Kennedy

bobby-kennedy-wide

Brent Budowsky: Ronald Reagan once asked whether voters were better off than they were four years ago. If President Obama believes what Secretary Geithner said Sunday he will be telling many voters in 2012 they will not be much better off four years from now. This is not acceptable.

Can Krugmanomics Be Saved?

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Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.

Fearful “Liberals” Prolong the Corruption

obama

Jim Fuller: Rather than being genuine political liberals and/or progressives, those self-deluding, unquestioning Obama supporters are far more closely related to the members of the various Tea Party organizations than they are to anyone on the political left.

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.

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