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CFAP: The Great Recession Could Have Been Prevented
Yeah, a bit of a "no duh!" for those of us watching the whole mess unfold from the late 90s all the way until the bottom fell out in 2008 (and as if it's all really over now, either).
Center for American Progress:
Great Recession Could Have Been Prevented by Bush Administration
The 2012 presidential primary season is already upon us and the Grand ( Read more... ) -
The Small Government Lie - How Both Parties Stood By As Our Government Burned
From HuffPo
Janine R. Wedel and Linda Keenan
October 7, 2010 07:19 AM
The fire is long out at Gene Cranick's house. But the rhetorical battle continues over the symbolic significance of the South Fulton Fire Department's decision to let Cranick's home burn because he hadn't paid a fee that those living outside the town must pay. Some commentators ( Read more... ) -
What happens when you give money to the rich
by Gaius Publius on 7/17/2010 02:30:00 PM
They keep it and you never get it back. These charts tell the tale, from Paul Krugman recently. The first chart shows lost revenue from the Bush tax cuts:
[A]s for revenue: we have a growing economy, which means that revenue tends, other things equal, to rise over time. But here’s what real ( Read more... ) -
Re: "Corporations Are People" (Insert Richest 1% Snark Here)
Naked Capitalism:
Guest Post: After Getting Bailed Out By American Taxpayers,
General Electric Pays ZERO U.S. Taxes,
Pretending that All of Its Profits are Overseas
→ Washington’s Blog
General Electric got bailed out by American taxpayers.
Specifically, it was given $139 billion in FDIC guarantees and support by the Federal Reserve for it’s ( Read more... ) -
"SSI Bankrupt? Just Import More Immigrants!"
Robert Reich, Clinton's secretary of the treasury posted this article on Huffington Post ( Read more... ) -
Frontline: The Warning
Amidst the 1990s' bullmarket, there was one lone regulator who warned about derivatives' dangers -- and suddenly became the enemy of some of the most powerful people in Washington...
"I think it [the financial collapse of 2008] happened because there was no oversight of a very, very big, dynamic, growing market. Market participants don't look out ( Read more... ) -
What little regret I had for boycotting this last election has fading to nothing....
The Obama failure: senior citizens increasingly relying on food pantries
Why is this Obama's failure? There's little doubt that the current economic condition is a direct result of the GOP policies that were implemented with the Clinton economic team, including Larry Summers. Obama obviously had nothing to do with that. Where he is responsible ( Read more... ) -
Good reads of Sat, Sun, Mon & Tue
Catching up with some great articles that you
may have missed with the holiday weekend and start of the work week...
The Baseline Scenario
(Former IMF Chief Economist - Simon Johnson, Peter Boone - chair of Effective Intervention & James Kwak - co-founder of Guidewire Software)
“I Have 13 Bankers in My Office”
The Washington Post (hat tip Mark Thoma) ( Read more... )
