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Black Tuesday

Black Tuesday

by Nomi Prins

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Back in the USSR

In the late 1990s, Washington was in the throes of a deregulatory orgy. Many lampooned Rep. Bernie Sanders’ opposition to the grotesquerie, and his notoriety as the only self-described socialist in Congress. Nobody guessed that in a few years our country would become the United States’ Socialist Republic.

Posted on Sep 25, 2008 READ MORE


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AP photo / Manuel Balce Ceneta

They Claim the Bailout Is Necessary, but Is It Constitutional?

Wall Street will not trouble its collective consciousness with worry over the Constitution. But this bailout bill is virtually unprecedented in its assumptions and its reach for unchecked power.

Posted on Sep 25, 2008 READ MORE


A Special Prosecutor for Wall Street

Before this is over, we will need a special prosecutor with an ample budget to find, prosecute and imprison the criminals responsible for this disaster and ultimately deter such criminals in the future.

Posted on Sep 24, 2008 READ MORE


Whatever Happened to Personal Responsibility?

Why is a welfare mother to blame for her poverty while Wall Street fat cats can count on the federal government for $700 billion?

Posted on Sep 24, 2008 READ MORE


The Debate Camera’s Deep Vision

The candidates heading into Friday’s scheduled debate should heed the politician who first conquered the format, John F. Kennedy, who believed that the images portrayed via TV were “likely to be uncannily correct.”

Posted on Sep 24, 2008 READ MORE


Troy Davis and the Supreme Decision

Troy Anthony Davis was scheduled to die by lethal injection Tuesday. Two hours before the state of Georgia was to execute him, the U.S. Supreme Court issued a stay until Monday. It had earlier agreed to hear Davis’ case on Sept. 29, but Georgia set his execution date six days before the hearing.

Posted on Sep 24, 2008 READ MORE


In Defense of Elitism

When it comes to politics, there is a mad love of mediocrity in this country. “They think they’re better than you!” is the refrain that (highly competent and cynical) Republican strategists have set loose among the crowd, and the crowd has grown drunk on it once again. “Sarah Palin is an ordinary person!” Yes, all too ordinary.

Posted on Sep 23, 2008 READ MORE


Paulson
AP photo / J. Scott Applewhite

A Fox to Protect the Henhouse?

Does it really matter which party is in charge when it comes to bailing out the Wall Street hustlers whose shenanigans have bankrupted so many ordinary folks? Not if the Democrats roll over and cede power to the former head of Goldman Sachs, the investment bank at the center of our economic meltdown.

Posted on Sep 23, 2008 READ MORE


Obama
AP photo / Madalyn Ruggiero

Obama Gets a Break on Race Issue

In Barack Obama’s presidential candidacy, the fact that he is African-American has seemed to be an obstacle that could be overcome with a good campaign, a few breaks and the issues turning his way. That’s what is happening now.

Posted on Sep 23, 2008 READ MORE


Getting the Bailout Right

Unless something very strange happens, Congress will pass a massive bailout of the financial system by the end of this week simply because every other option is worse. But the content of the bailout package matters enormously.

Posted on Sep 22, 2008 READ MORE


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