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.
Steve Hochstadt: What does matter in 2011 is that mainstream libertarians and conservatives think a film that portrays Jews as evil monsters bent on world domination is worth showing, praising, and promoting. After decades of retreat, the antisemitism of Ford and Coughlin, and of the Nazis, is back, on a screen near you.
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 [...]
Joseph Palermo: In 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown , Simon Johnson and James Kwak point out that in September 2008 the high-flying masters of the universe were at their weakest point and had no choice but to do whatever the government demanded of them. Never mind the supreme irony of Wall Street bankers who claimed government had no place interfering in the miracles of the market begging the government to save them, it was at that time when we should have cut them down to size.
It’s difficult to make the case that the first $350 billion bailout of Wall Street — so-called “TARP I” — fulfilled its goals, unless one argues that the Street would have imploded without it, which is pretty much what Hank Paulson is saying these days. And since it’s impossible to prove a counter-factual, especially when [...]