Spending is perfectly acceptable when it’s money allocated by a Republican like Bush, yet the same dollars are somehow toxic when associated with Obama.
Jon Stewart slammed Congressional Republicans on Thursday night’s edition of The Daily Show, and managed to show a House Democrat willing to tell the GOP to stick it.
by Nathaniel Downes •
In his recent interview on CNBC, Sanford Weill calls for the breakup of the major banks.
by Sovereign Voice •
Congress is okay with the fox guarding the hen house.
Conservatives like to talk about “personal responsibility” but have made an art form out of dodging it.
Clearly, banks are still making irresponsible decisions that threaten economic stability and growth. But Mitt Romney doesn’t see it that way at all. He says it’s just ‘the way America works.’
by Harvey Gold •
Barely four years after Wall Street plunged the world into financial chaos, Jamie Dimon, the bank’s chief executive, warned on Thursday, May 10th 2012, that losses could very well exceed even the worst scenario of the models that the bank had used to calculate the risk. Now that is an understatement.
by Harvey Gold •
The Republicans, who were elected in large numbers in 2010 ostensibly to address economic policies and get our economy revved up, instead have focused almost solely on social policies while obstructing every single bill put forth by Democrats to deal with the fragile economic recovery.
by Peter Fegan •
The Great Recession of 2008 – the worst economic upheaval since the Great Depression of the 1930s – brought the world to the edge of the precipice. It was yet another painful reminder that not only aren’t unregulated markets rational, they can be responsible for causing untold carnage if given half a chance.
During a conservative radio show with Bill Bennett last week, GOP Rep. Paul Ryan agreed with a caller that the big banks should once again be regulated by Glass-Steagall.
Newt Gingrich Calls For Reinstating Glass-Steagall, Admits Deregulating The Banking Industry Was A Mistake
In an interview on ABC with Jake Tapper, Gingrich admitted that deregulating the banking industry was a mistake.