Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.
Those loud right-wing voices in our political discourse that are trying to make Occupy Wall Street look like something “foreign” to American culture are barking up the wrong tree. When David Crosby and Graham Nash recently showed up at Zuccotti Park for an impromptu sing-along with the protesters they linked OWS with the long American tradition of resistance to [...]
Shamus Cooke: Ultimately, the Occupy Wall Street protests have already succeeded. The movement has successfully re-focused the nation’s debate on who ruined the economy and who should be targeted, shifting blame away from immigrants, unions, and other groups of working people, like public employees.
As the grassroots campaign against Wall Street grows, Democratic politicians are moving in the opposite direction. President Obama has secured the House Republican support necessary to pass three trade bills strongly opposed by organized labor and most Democrats. New York Governor Andrew Cuomo, who like Obama was elected with huge labor funding and ground support, [...]
Randy Shaw: The greatest lesson of Occupy Wall Street is hard to dispute: many have not given up hopes for real progressive change, and are now more likely to focus outside the electoral process.
Tom Degan: Had this been a hundred-or-so tea partiers picketing the offices of the ACLU it would have been a different story; the coverage would have been round the clock.
Brent Budowsky: One of the great sources of outrage in our age is that again and again, crime pays. The victims, from young girls who die while vermin eat their corpse to embezzled investors who lose their money, from tortured prisoners to jobless workers to homeless victims of mortgage fraud, pay the price.
Robert Reich: So the race to the bottom is now official. Wall Street will set up its casino wherever financial gambling is least regulated.
On July 2, 2007 George W. Bush commuted the sentence of convicted felon and former top White House staffer Scooter Libby for his convictions on five felony counts of perjury, false statements, and obstruction of justice. He didn’t pardon Libby but, instead, issued a Grant of Executive Clemency before Scooter Libby even served a single [...]