Tip 1: Grassroots Movement to give American Homeowners a bailout There is a grassroots and on-line movement to get Congress to give American homeowners the same kind of bailout they are giving Wall Street. Many people, including Whoopi Goldberg, Bill Clinton and others are asking for banks to write down subprime mortgages given during the […]
At a news conference held a short time ago, a bi-partisan claque of Congressional leaders stood before cameras to declare, finally and with great relief, “We have a Pope bailout!” Let the puff of white smoke rise from the Capitol’s chimney. Except none of them said exactly what is in the deal. How much money […]
Assuming that the Bush-Paulson Wall Street bailout gets changed drastically by the time it’s passed, we can all tip our hat to Mother Jones. With everyone on the Hill screaming about the power grab Treasury Secretary Henry Paulson is trying to engineer, the magazine’s Nomi Prins deserves a deep thanks for noticing the really, really, […]
“What will be the next thing that challenges us? That makes us work harder and go farther? You know, when smallpox was eradicated, it was considered the single greatest humanitarian achievement of this century. Surely, we can do it again. As we did in the time when our eyes looked towards the heavens, and with […]
Here we go again. As the Bush administration did with the Patriot Act and Iraq War resolution, Henry Paulson and Ben Bernanke spent today trying to hustle Congress into new territory using the familiar administration tactic of hysteria. Fortunately, this time it looks as if more than a few members have read the fine print […]
On today in 1952, Republican vice-presidential candidate Richard Nixon went on television to deliver what came to be known as the “Checkers” speech. Appearing on flickering, black-and-white sets across America, his wife seated next to him like the stage prop she’d play for the rest of Nixon’s life, he denied allegations of improper campaign financing.
I urge you to oppose any bailout for Wall Street firms or investment banks, unless and until they completely open their books to examination by all Americans. President Bush, Treasury Secretary Henry Paulson, and Federal Reserve Board Chair Ben Bernanke appear to be rushing in to accept obligations of unknown size without Congressional authorization and […]
In a stunning deregulation reversal, President Bush in a one-minute statement before retreating back into his sealed White House bunker, called for the creation of a massive $700 billion dollar toxic mortgage bailout RTC-like organization to allow ‘business as usual’ for his Wall Street, white tie base. When you can print your own money you […]
by Richard M. Mathews — I wrote recently about how Democratic presidents create many more jobs than do Republican presidents. What about the rest of the economy? I don’t want to talk down the economy as George W. Bush’s team did when he was running for president in 2000. They insisted that the economy was […]
Over the past week, President Bush held a state dinner for Ghana’s president, surveyed Texas hurricane damage, posed with Youth of the Year award finalists and met with Army General David Petraeus.
Back in 2000, I was warned that the world’s financial markets were heading towards disaster. The warning came from a lawyer whose law firm was helping create the instruments that began imploding a year ago and came tumbling down on Monday.
When I was a kid in Milwaukee, there was a guy who walked up and down Wisconsin Ave., the main drag, wearing a sandwich board proclaiming, “Repent! The End Is Near.” Of course, he meant his warning in a “come to Jesus now” sort of way. But if the fellow is still alive, I hope […]
The Republican National Convention picked up steam and ratings with the pick of Alaska Governor, Sarah Palin. If you had told me that more people would watch John McCain’s acceptance speech than watched Barack Obama historic acceptance speech, I would have told you “crack is whack” and stay off the drugs. Most people would have […]