"Words that make actions speak louder."
Today, Goldman Sachs sent its second-highest-ranking officer to Washington, D.C. to tell the Financial Crisis Inquiry Commission that his company is staffed and managed by complete idiots. In an effort to evade investigation, Goldman Sachs Chief Financial Officer David Viniar claimed that his company really just doesn’t know how to do basic book-keeping. It was […]
In the film, “Monte Python and the Holy Grail,” King Arthur severs both of the Black Knight’s arms during a sword fight, but the Black Knight attempts to battle on. The king admonishes him: “You’ve got no arms left.” The knight refutes that: “Yes I have.” “Look,” at the obvious, the king tells him. “Just […]
Sen. Russ Feingold, D-Wis., is defending his decision to vote against the Wall Street reform bill on the grounds that it is simply too weak to prevent future crises, and Tim Fernholz is crying foul. On policy substance, Feingold is undoubtedly correct. From Feingold: At the start of this process I made clear that I […]
This was in today’s Progressive Breakfast, which of course you all read (sign up here), but I want to break it out for attention: W. Post’s Harold Meyerson argues China and Germany are handling recession better because of manufacturing: “Most Americans, I suspect, believe we’re losing manufacturing because we can’t compete against cheap Chinese labor. […]
Obama went to town meeting in Racine. Full transcript here: http://www.wrex.com/Global/story.asp?S=12735210 He finally did contrast with conservative ideas that failed. On economy, on jobs, on Wall Street, on energy. Gloves not off, but at least mixing it up. Striking, however, that he didn’t use the riff to turn back to jobs and the need for […]
I support smart economic policies to reduce the structural deficit over time. However, I want to share three major concerns. 1. We are in danger of killing or weakening needed growth in the name of reducing deficits. My organization is a member of the Jobs for America Now coalition, and we want to warn you […]
China is cheating again. Yawn… China is subsidizing its paper industry ($33 billion 2002-09) and has tripled their production, and now is the largest producer of paper and paper products. Yawn. This has cost jobs and approximately 400,000 remaining American jobs are at risk. And the companies they work for. NOT so yawn! The Economic […]
The President was right to call out John Boehner today for describing our economic catastrophe as “ant” that didn’t deserve a “nuclear” response. That “ant,” as the President pointed out, “led to the loss of nearly eight million jobs” and “cost people their homes and their lives savings.” But as he did so, the President […]
Yesterday House leaders formally proposed spending $10 billion to help recession-bruised, fiscally distressed states prevent layoffs of hundreds of thousands of teachers The proposal saves teaching jobs without increasing the budget deficit by cutting other stimulus spending. This is not good enough for conservative deficit hysterics. The conservative Republican response appears to be: just lie […]
It appears that the Senate, which shamed itself last week by refusing to take action on a jobs and tax fairness bill, will have an opportunity to redeem itself somewhat with a vote on extended unemployment benefits. The House attempted to pass by voice vote this afternoon a bill by Reps. Sander M. Levin, D-Mich., […]