Robert Reich: The recent kerfluffle about Bernie Sanders purportedly not knowing how to bust up the big banks says far more about the threat Sanders poses to the Democratic establishment and its Wall Street wing than it does about the candidate himself.
Peter Dreier: In his new autobiography, Frank reveals how he decided to come out of the closet as a gay man, the impact that decision had on his political career, and his subsequent efforts to advance LGBT rights along with other progressive causes
Randy Shaw: Tax Day has passed with little attention to the chief reason U.S. students are overwhelmed by debt, millions are homeless, children go to bed hungry and our public transit infrastructure is being destroyed — the allocation of half of every discretionary dollar to the military.
t must have seemed like a good idea at the time, when Senators Chris Dodd and Barney Frank drew up the landmark regulatory bill that bears their names. One of its lesser-known provisions required U.S. companies to list the inclusion of any “conflict minerals,” mined in or near the violence-plagued Democratic Republic of the Congo, […]
Steve Hochstadt: Dodd-Frank was passed by Democrats when they controlled Congress. Nearly every Democrat voted for Dodd-Frank, and nearly every Republican voted against it.
Joseph Palermo: With new evidence mounting each day that the system is as broken as it was before the meltdown of September 2008 and will likely require another colossal taxpayer bailout at some point, the public might be able to compel even the isolated 1 percenters among Washington’s policy elite to take heed.
Robert Reich: Wall Street has effectively neutered the Dodd-Frank law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.
Mark Dempsey: After having reduced taxes without reducing spending, the Republicans can now get Jerry Brown and the California Democrats to do the politically unpopular work of terminating programs that would otherwise be too popular to touch. It’s clever, but hardly non-partisan.
Lawrence Wittner: When it comes to military appropriations, the U.S. government already spends about seven times as much as China, thirteen times as much as Russia, and seventy-three times as much as Iran.
Randy Shaw: The Republican Party and Democratic so-called “deficit hawks” attack any proposed defense cuts as “job killers.” Yet this alliance refused to save the jobs of hundreds of thousands of teachers, and have backed tax and spending policies that have cost the nation millions of jobs in recent years.
Marian Wang: At the center of the ethics controversy enveloping Rep. Maxine Waters, a California Democrat, is OneUnited, the nation’s largest African-American-owned bank.
Anthony Samad: Don’t look for Tea Party activists to try to run racists hiding in their ranks out of the movement. For they can no more disavow the racists in their own Party than they could disavow their white grandfathers that raised them but said things that made them “uncomfortable.” They’ll just have to learn to keep their unspoken truths to themselves.
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.