RJ Eskow: In today’s environment, reinstating Glass-Steagall is not just the right policy – although it is certainly that. It’s also an excellent litmus test for politicians who say they’re willing to take on Wall Street.
Robert Reich: The candidate could also call for busting up Wall Street’s biggest banks and thereafter limiting their size; imposing jail sentences on top executives who break the law; cracking down on insider trading; and, for good measure, enacting a small tax on all financial transactions in order to reduce speculation.
Brent Budowsky: A good opposition research team could create a powerful plan to lump together Mitt Romney, Jeb Bush and Hillary Clinton as royal family candidates and run against them all in Democratic or Republican primaries, from the right or from the left.
Clifford “Felonius Ax” Tasner: President Romney will usher in an America where only our tiny minority gets to thrive while the rest of you succumb to debt peonage. And being Billionaires will feel extra special once again!
Joseph Palermo: The evidence is mounting that the 1 percent controls both of our major political parties. And now the corporate wing of the Democratic Party is getting pissy about the “tone” that its standard bearer is showing toward vulture capitalism?
Robert Reich: Occupiers and others have had enough.
Yet paradoxically the presidential race that officially begins a few months from now is likely to be as passionless as they come.
Joseph Palermo: The “conservatives” and “Tea Partiers” are quite convincing at playing the aggrieved victims, but what, exactly, do they have to be “aggrieved” about?
Robert Reich: Average Americans are hurting. But their pain isn’t coming from government. It’s coming from an economy whose benefits are concentrating ever more at the top, whose giant corporations are controlling ever more of our democratic process, and whose costs and risks are becoming ever more burdensome for the middle class and the poor
Robert Reich: The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish the economic and political power of these giants.
Adam Eran: Niello’s hearing is yet another bit of evidence that, no matter what the facts, the Republican narrative remains constant: We must reduce taxes and regulation, even if lack of effective regulation produced the current less-than-optimum outcome. And although “deficits don’t matter,” no matter how low they are, taxes are too high, especially on the wealthy.