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Tag: Deregulation


change.gov

Obama Rolls Out Economic Team

To fix the ailing economy, Barack Obama has turned to two men who helped break it. On Monday, the president-elect announced Timothy Geithner as his choice for treasury secretary, and Giethner’s former mentor in the Clinton Treasury Department, Lawrence Summers, as his pick to head the White House Economic Council.

Posted on Nov 24, 2008 READ MORE


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Square, Category Page

Financial Meltdown Capzle

Financial Meltdown 101

Getting a grip on the economic catastrophe that rocked the country during the fall of 2008 is no easy feat, what with so many players, back-room deals, bills, upswings and meltdowns to consider. Updated

Posted on Nov 24, 2008 READ MORE



World Economic Forum

Beware of Lawrence Summers

While many of us are still celebrating Barack Obama’s historic victory, rumors of a major buzzkill are flying: Lawrence Summers, a Clinton-era treasury secretary and deregulation enthusiast, is said to be the front-runner to take over the Treasury Department.

Posted on Nov 5, 2008 READ MORE


How to Win Votes and Influence People

Conservatives fear a “period of unchecked left-wing ascendancy” should Barack Obama and the Democrats sweep in November, but the voters care more about competent government than ideology.

Posted on Oct 20, 2008 READ MORE


NYSE
AP photo / Henny Ray Abrams

Boston Tea Party, 2008

How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don’t instantly give the Wall Street banking bandits a $700-billion bailout, we are destroying America.

Posted on Sep 30, 2008 READ MORE



AP photo / Chip Somodevilla, pool

A Calm Obama Weathers a Storm of Sarcasm

Was he too calm? Did he pull his punches in an effort to look presidential? Not really. The viewers got a clear choice: a reasoned and reasonable Obama versus an old-fashioned Cold Warrior who would keep us in Iraq endlessly and extend the boundaries we must defend to Georgia and Ukraine.

Posted on Sep 26, 2008 READ MORE


A Moment for Sarah, Then Back to John

I’m sorry to be the one to have to say this, Gov. Palin, but you are so earlier-this-month. It’s your partner, John McCain, who’s back in the news. And not in what you call your good way.

Posted on Sep 21, 2008 READ MORE


Left, Right & Center

‘Left, Right & Center’: Wall Street on the Rocks

What to make of the bailouts and sellouts that dominated the past week’s financial headlines? Well, “Left, Right & Center” commentators Matt Miller, Robert Scheer and Tony Blankley (Arianna Huffington was away) have some ideas about what caused the nightmare on Wall Street and what the future holds.

Posted on Sep 19, 2008 WATCH & LISTEN


Wall Street crisis
AP photo / Richard Drew

Economic Meltdown: Don’t Say We Weren’t Forewarned

Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal.

Posted on Sep 19, 2008 READ MORE


The ‘Reform’ McCain Wants to Forget

With the markets in frightening turmoil and the public outraged by financial irresponsibility and excessive greed, John McCain has suddenly rediscovered the importance of strong, watchful government.

Posted on Sep 17, 2008 READ MORE



commons.wikimedia.org

Chin Up, John McCain—There’s Always Tomorrow

John McCain’s Tuesday was so filled with gaffes and bad news that no one seemed to notice when one of his top advisers held a BlackBerry aloft and declared “you’re looking at the miracle that John McCain helped create.” That spectacle simply couldn’t compete with former HP CEO Carly Fiorina and, more significantly, the very public failure of deregulation.

Posted on Sep 16, 2008 READ MORE


AIG logo
listphile.com

Socialism for the Super-Rich

Here we go again: The Federal Reserve is bailing out another tanking financial institution—the insurance behemoth American International Group—by sinking $85 billion into AIG in return for a stake in the company. Meanwhile, House Speaker Nancy Pelosi has called for a Wall Street investigation following this latest startling agreement between big government and big business.

Posted on Sep 16, 2008 READ MORE


McCain and Gramm
AP photo / Douglas Healey

Earth to McCain: It’s a Crisis

Gag me with a spoon, as Valley girls used to say. Did you see that McCain-Palin ad promising “tougher rules on Wall Street to protect your life savings, no special interest giveaways”? Just how dumb do they think we are?

Posted on Sep 16, 2008 READ MORE


Roberts on Russia Today

Former Reagan Official: White House Sanctioned Georgia-Russia Conflict

Paul Craig Roberts, who was assistant secretary of the treasury during Ronald Reagan’s presidency, sees the Georgia-Russia conflict differently than the Bush administration does: “Americans themselves have nothing to gain,” Roberts said Friday; “What is operating is the dangerous ideology of the American neoconservatives whose goal is to assert American hegemony over the entire world.”

Posted on Aug 15, 2008 WATCH & LISTEN


Bush and the Reagans
AP photo / Kevork Djansezian

The Real Legacy of the ‘Reagan Revolution’

McCain campaign co-chair Phil Gramm is right: We have “become a nation of whiners.” But who is whining more than the bankers that former Sen. Gramm’s financial deregulation legislation benefited? The very bankers who now expect a government bailout, such as those at UBS Investment Bank, where Gramm found lucrative employment.

Posted on Jul 15, 2008 READ MORE


Gramm and McCain
momocrats.typepad.com

McCain Adviser: Recession All in Our Minds

According to Phil Gramm, the former senator from Texas who’s now a key economic adviser to Sen. John McCain, America’s economic woes, insofar as they actually exist, are the product of some stinking thinking by “a nation of whiners” and doom-and-gloom headlines from the U.S. media.

Posted on Jul 10, 2008 READ MORE


Obama and Clinton
Flickr / Jurvetson / World Economic Forum

Obama and the Other Clinton

Ryan Lizza in The New Yorker quotes a Bill Clinton aide explaining why there has been so much tension between the former president and Barack Obama: “I think this campaign has enraged him. ... He doesn’t like Obama.” Why? Here’s one theory: While Hillary Clinton has adopted her husband’s legacy, Barack Obama has been assailing it.

Posted on Apr 28, 2008 READ MORE


foreclosure
AP photo / Reed Saxon

The Decriminalization of Corporate Crime

With our economic and financial crises deepening, government insiders reportedly are debating whether we need to restore some regulation—or not. Given the state of things, we can expect further woes and no regulation.

Posted on Mar 29, 2008 READ MORE


Enron Elephant
Illustration by Karen Spector

Put the Politicians in the Enron Docket

There simply would be no Enron story were it not for the deregulation of the energy market ushered in by Republican politicians.

Posted on Jan 31, 2006 READ MORE


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