Robert Reich: If Occupiers are expelled from specific geographic locations the Occupier movement can shift to broad-based organizing around the simple idea at the core of the movement: It’s time to occupy our democracy.
Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.
Robert Reich: Republican House Budget chief Paul Ryan still doesn’t get it. He blames Tuesday’s upset victory of Democrat Kathy Hochul over Republican Jane Corwin to represent New York’s 26th congressional district on Democratic scare tactics.
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.
Tom Degan: It’s highly unlikely that any serious reform is going to be put forward until the Republican presence on Capital Hill has been significantly diluted if not eradicated. I do not believe that it is a given that they are going to gain major ground come Election Day. In fact there is every reason to believe that they will only continue to self-destruct between now and then. They can’t win without the section of the electorate who describe themselves as “moderate”. The moderates are taking a good look at the train wreck that is the modern GOP and by all accounts they’re becoming more and more disgusted by what they see.
Robert Reich: As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big. By all means, give regulators resolution authority and also impose the tightest regulations possible. But Congress and the White House shouldn’t stop there. Limits should be placed on how big big banks can become.
Peter Dreier: It is incredibly irresponsible for some radicals and progressives to call for killing the health care bill. It is important to push for changes that would improve the Senate version of the bill. For example, the House funding plan (a tax on families with incomes over $1 million) is much better than the Senate version (a tax on so-called “Cadillac” health insurance plans). That’s what the labor movement, liberal and progressive Democrats in Congress, pro-choice advocates, and others will be doing in hopes of putting a better bill on President Obama’s desk, as Harold Meyerson discusses in his latest Washington Post column.
Somehow, I suspect Pawlenty is more interested in the impact of his idiotic comments on the GOP’s dwindling base of lunatics than he is in my comments. If I hear back, I’ll let you know.
On June 10th, an 88-year-old white supremecist walked into the U.S. Holocaust Memorial Museum in Washington, DC, armed with a rifle, and killed a black security guard before being fired upon and apprehended. As usual, local authorities including the Mayor of Washington, DC used two familiar words that were recently uttered in the murder of […]
Montana Senator Max Baucus met Wednesday with advocates for single-payer healthcare, including Vermont Senator Bernie Sanders, and told them that he might drop criminal charges against 13 people arrested for speaking up in his hearings, but that he would not include any supporters of single-payer health coverage in any future hearings. According to one report, […]