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Tag: Economy

Thomson, Paulson and Rubin
AP photo / J. Scott Applewhite

Change We Can Bank On

This is not change we can believe in. Not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in President-elect Barack Obama’s incoming administration.

Posted on Nov 18, 2008 READ MORE


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Paulson

Paulson and Bernanke Grilled on the Bailout

On Tuesday, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke faced a lineup of vexed, perplexed and otherwise agitated members of Congress, including Reps. Barney Frank, Ron Paul and Nydia Velazquez, all eager to ask some serious questions about the infamous bailout.

Posted on Nov 18, 2008 WATCH & LISTEN


Conservative Identity Crisis

There is a second transition under way over which President-elect Barack Obama has no control—the transition of conservatives to minority status. How they do this will have a powerful impact on the new presidency.

Posted on Nov 18, 2008 READ MORE



Flickr / Brave New Films

A Wal-Mart Christmas for a Wal-Mart Country

The giant discounter is the only store where hard-squeezed consumers can afford to buy anything, and so it has kept posting sales gains amid the retail bloodbath.

Posted on Nov 18, 2008 READ MORE


Ad-ing It All Up

Scores of independent groups went into hyperdrive for this election, reaching millions of people with some of the most vicious attack ads of the year. But figuring out what impact the groups actually had on the campaigns is a tricky proposition.

Posted on Nov 17, 2008 READ MORE



change.gov

McCain and Obama Shoot the Breeze In Chicago

Barack Obama and John McCain have both made a big fuss about working with the opposition, so the cooperative theme of their meeting on Monday, something of a tradition among presidential rivals, was no surprise. But will McCain really help Obama? “Obviously,” says Mr. Arizona.

Posted on Nov 17, 2008 READ MORE



AP photo / Morry Gash

America’s Wars of Self-Destruction

War is a poison. It is a poison that nations and groups must at times ingest to ensure their survival. But, like any poison, it can kill you just as surely as the disease it is meant to eradicate.

Posted on Nov 17, 2008 READ MORE


Barack and Michelle Obama on the Next Four Years

Barack Obama covered a lot of ground during his first post-election interview Sunday. The president-elect said he will close Guantanamo, re-regulate the economy and wait until he’s settled before getting his daughters that puppy. Michelle Obama, joining her husband, said she will become an active first lady once her children make the adjustment to their new home.

Posted on Nov 17, 2008 WATCH & LISTEN


Financial Boom









Posted on Nov 16, 2008 ENLARGE    


Obama

The Presidency, Transparency and You(Tube)

President-elect Barack Obama made his first weekly video address via YouTube this weekend. What’s it about?  “Make no mistake—this is the greatest economic challenge of our times,” he says. Oh. Right.

Posted on Nov 15, 2008 WATCH & LISTEN


Left, Right & Center

‘Left, Right & Center’: The Economy, Front and Center

What’s to be done to pull the U.S. out of economic quicksand? You can bet that “Left, Right & Center” stalwarts Robert Scheer, Tony Blankley and Matt Miller might differ in their takes on this question, as well as others posed on this week’s show.

Posted on Nov 14, 2008 WATCH & LISTEN


Knowing When to Walk Away

Bush reportedly suggested to Obama he might support an economic stimulus package and aid to struggling automakers if Democrats drop their opposition to a free-trade agreement with Colombia. Strange behavior? Yes and no.

Posted on Nov 14, 2008 READ MORE


Abortion Is the Right Issue for Starting the Healing

Obama’s most urgent task is to repair an ailing economy. But one of his most important promises was to end the cultural and religious wars that have disfigured politics for four decades.

Posted on Nov 14, 2008 READ MORE


How to Stabilize the Stock Market









Posted on Nov 13, 2008 ENLARGE



AP photo / Hasan Sarbakhshian

With Iran, Obama Needs More Carrot, Less Stick

Now that the presidential election has liberated Barack Obama from the need to play to the fickle whim of domestic politics, he should put away the saber and take a more enlightened approach to Iran.

Posted on Nov 13, 2008 READ MORE



Collage: Meutia Chaerani / Indradi Soemardjan and Shealah Craighead / White House

Paulson Revises Bailout Strategy

“I will never apologize for changing a strategy or an approach if the facts change,” explained Treasury Secretary Henry Paulson, who has retreated from his original plan of buying up near-worthless mortgage securities with taxpayer funds. Instead, Paulson will continue to pump money into troubled banks in exchange for equity, a scheme that has proved more expeditious and popular.

Posted on Nov 12, 2008 READ MORE


Some Blame Must Follow the Financial Collapse

“What am I going to tell the public,” one French official asked, “when there are 3 million people marching in the streets of Paris? That ‘we all made mistakes’? That no one was really responsible?”

Posted on Nov 11, 2008 READ MORE


The Danger in Timidity

If Reagan had the voters’ permission to move away from strategies associated with liberalism, Obama has sanction to move away from conservative policies. And Reagan offers another lesson: His first moves were bold, and Obama should not fear following his example.

Posted on Nov 11, 2008 READ MORE


Hope and Reality









Posted on Nov 11, 2008 ENLARGE



Flickr / Rain Rannu

What’s a Few Trillion Yuan Between Comrades?

Instead of buying lots of new cheap things, people are busy stuffing what’s left of their money in mattresses. That has China, where the goodies come from, worried. The Chinese government has decided a stimulus is in order, to the tune of 4 trillion yuan (more than $550 billion).

Posted on Nov 9, 2008 READ MORE


Al Gore
Flickr / World Economic Forum

Al Gore Back With a Plan

Former Vice President and presidential hopeful Al Gore seized upon the “change” theme that Barack Obama so successfully rode to victory in this year’s election to remind readers of Sunday’s New York Times that there’s one kind of change we don’t need: climate change.

Posted on Nov 8, 2008 READ MORE


Barack and Nancy
Composite: Wikimedia Commons

Obama Sorry for Nancy Reagan Séance Remark

Oh, to have been a fly on the wall during Barack Obama’s apology call to Nancy Reagan on Friday. Obama called Mrs. Reagan after making a jokey comment, during his first press conference since he was elected president, in which he referred obliquely to her reported esoteric interests during her time in the White House.

Posted on Nov 7, 2008 READ MORE


Obama

President-Elect Obama Meets the Press

During his first press conference as president-elect, Sen. Barack Obama stressed that he’s not in the Oval Office yet but offered a few specifics about how he plans to handle the economic crisis once he moves in.

Posted on Nov 7, 2008 WATCH & LISTEN


Unemployment
wfxl.com

Jobless Rate Hits 14-Year High

As if to prevent surplus national exuberance over the electoral defeat of John McCain on Tuesday, the Labor Department announced that the country’s unemployment rate has hit a 14-year high of 6.5 percent, with 240,000 jobs lost in October as joblessness continues to increase in the face of economic turmoil.

Posted on Nov 7, 2008 READ MORE


Neocons Plot to Co-Opt Obama

The president-elect is a foreign policy novice and will find himself under great pressure to follow Middle Eastern and China and Russia policies inherited from George Bush, even though these are what Barack Obama was elected to change or terminate.

Posted on Nov 6, 2008 READ MORE



Flickr / World Economic Forum

Obama’s Treasury Secretary? Let’s Hope Not

Barack Obama is rumored to favor Lawrence Summers as his treasury secretary. That’s a terrible choice, says Robert Scheer, if the president-elect is at all concerned about the financial meltdown.

Posted on Nov 6, 2008 READ MORE


Magic Kingdom
Flickr/Américo Nunes

Magic Kingdom Slightly Less Magical

All the magic in the Magic Kingdom couldn’t keep the Walt Disney Co. from taking a hit as a result of the global economic downturn, as evidenced by Disney’s latest quarterly report.

Posted on Nov 6, 2008 READ MORE


The Ghost in Obama’s White House

Republicans will try to tie memories of Jimmy Carter to the new Democratic president by conjuring up disturbing visions of policy failure and “malaise.”

Posted on Nov 6, 2008 READ MORE


America’s Relay Race

There was symbolism as well as sadness in the passing of Barack Obama’s grandmother. When we’re young, we think change is a 100-yard dash. As we get older we think it’s a marathon. Eventually we see a relay race.

Posted on Nov 6, 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


Obama
AP photo / Morry Gash

Morning Again in America

It’s time to gush! Later for the analysis of all the hard choices faced by our next president, Barack Obama, but for now, let’s just thrill, unabashedly, to the sound of those words.

Posted on Nov 4, 2008 READ MORE



AP photo / LM Otero

The Obama Standard

A good politician triumphs by adapting to the times and taking advantage of opportunities as they come. A great politician anticipates openings others don’t see and creates possibilities that were not there before.

Posted on Nov 3, 2008 READ MORE


Palin

Palin Talks of Wars in ‘Iraq and Iran’

This weekend brought yet another startling installment from the Sarah Palin School of International Relations, in which she talks about “needing to really shore up the strategies that we need over in Iraq and Iran to win these wars” during the first 100 days of her time in the White House with John McCain.

Posted on Nov 1, 2008 WATCH & LISTEN


Cheney
AP photo / Evan Vucci

Obama Congratulates McCain on Cheney Endorsement

During a campaign stop in Pueblo, Colo., on Saturday, Barack Obama used the news that Vice President Dick Cheney had endorsed John McCain for president to further link McCain and the Bush administration. In retaliation, McCain campaign spokesman Tucker Bounds attempted to link Obama with Cheney. Hot potato!

Posted on Nov 1, 2008 READ MORE


Left, Right & Center

‘Left, Right & Center’: The End Is (Hopefully) Near

Arianna Huffington was back on “Left, Right & Center” to have her say, along with Tony Blankley, Matt Miller and Truthdig’s own Robert Scheer, about the economy and the presidential and vice presidential candidates on the show’s last episode before the election.

Posted on Nov 1, 2008 WATCH & LISTEN



us.penguingroup.com

Nicholas von Hoffman on Kevin Phillips’ ‘Bad Money’

An insightful book discloses how a confidence game combined pride and cunning and stupidity to bring America to the brink of catastrophe.

Posted on Oct 31, 2008 READ MORE


presidential seal
Composite: wikimedia/grangercollegeadvising.com

More Evidence That Polling Is an Imprecise Enterprise

Polling mania continues! So, Thursday brought word of two newly hatched polls—one by The New York Times/CBS News and the other by Fox News—and their results are strikingly different. What whimsy!

Posted on Oct 30, 2008 READ MORE



AP photo / Carolyn Kaster

Hell to Pay

Sen. John McCain’s ideological ties to the Bush-Cheney administration have mostly passed beneath the radar of the mainstream media, but if McCain loses the presidential race to Barack Obama, his neoconservative legacy could erupt into the open with a force that should not be underestimated.

Posted on Oct 30, 2008 READ MORE



Collage: Flickr (Joe Crimmings Photography) / Economist

The Economist Says ‘It’s Time’ for Obama

The acclaimed right-leaning rag has come out for Mr. O: “The Economist does not have a vote, but if it did, it would cast it for Mr Obama. We do so wholeheartedly: the Democratic candidate has clearly shown that he offers the better chance of restoring America’s self-confidence.” Socialists.

Posted on Oct 30, 2008 READ MORE


American Express
nafcu.org

American Express Cutting 7,000 Jobs

Joining in the unhappy trend of mass layoffs, American Express announced Thursday that 10 percent of the credit card company’s work force will soon be cut due to the current economic crisis.

Posted on Oct 30, 2008 READ MORE


Obama Is the Superior Decider

The real issues of the American presidential election are the future of the economy and the future of American foreign policy. The one seems already settled. The second seems to unite John McCain and Barack Obama in support of a program doomed to fail.

Posted on Oct 30, 2008 READ MORE


Obama special

Obama’s Network TV Blitz

What’s that? An Obama infomercial? Network TV? Wednesday night? Oh, right—here it is, in case you missed it.

Posted on Oct 30, 2008 WATCH & LISTEN



Collage: AP photo / Chip Somodevilla, pool / Wikimedia Commons

Virtual JFK: The 44th President’s Foreign Policy Challenge

The leading issue in the current face-off between Barack Obama and John McCain is the economy. Once elected and inaugurated, however, a U.S. president’s politics become global literally overnight.

Posted on Oct 29, 2008 READ MORE


Obama Ad Takes a Swipe at Palin

Team Obama has avoided campaigning against Sarah Palin ever since a few botched attempts when she first burst onto the national stage. Since then, the governor’s numbers have nosedived and she now serves as the punch line in a new Obama campaign commercial called “His choice.”

Posted on Oct 29, 2008 WATCH & LISTEN


McCain
AP photo / Gene J. Puskar

Just How Dumb Are White Males?

Let me now defend white males. We can’t possibly be as dumb as the polls showing we are John McCain’s most reliable voting base would indicate.

Posted on Oct 28, 2008 READ MORE


The Ugly America

“You really do hate America!” This was the parting shot from a man I had just debated on a television show shortly before the invasion of Iraq. Because he’s a notorious right-wing blowhard, I laughed it off as the raving of a crackpot in extremis

Posted on Oct 28, 2008 READ MORE



tickertapedigest.com

What Goes Down ... Dow Up 10 Percent

The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street’s month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better.

Posted on Oct 28, 2008 READ MORE


401-GOP









Posted on Oct 26, 2008 ENLARGE



Wikimedia Commons / edited for effect

Populism Arising—but Will It Be the Killer Kind?

The old assumptions and paradigms about capitalism and free markets are dead. A new, virulent populism, still inchoate, is slowly and painfully rising to take their place. This populism will determine the future of the country. It is as likely to be right-wing as left-wing.

Posted on Oct 26, 2008 READ MORE


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