I’ve been critical of Steven Pearlstein in the Washington Post before, but I thought this column was very good. I especially liked toward the end as he talked about the cultural changes we’re going to have to make: Then there is Richard “Is This America?” Kovacevich, the chairman of Wells Fargo. Late last week, Kovacevich […]
A fun tool from the Center for American Progress. Here’s how I did: Have a great weekend!
Missed this earlier this week, but Durbin is backing a Financial Products Safety Commission modeled on the Consumer Products Safety Commission. The New Republic has more about the origins of the idea with Elizabeth Warren. The details of such a plan always matter, but in general, I think this is a great idea. Over the […]
An excellent article by Jonathan Chait in the New Republic evaluating conservative claims against the New Deal. Part of what I like is that he makes it clear that liberals are not muddle-headed about the New Deal. Some parts did not work and should not be repeated, while many parts did work and should not […]
I, like many other bloggers interested in economics, offer you Jon Stewart taking apart Jim Cramer on the Daily Show. It’s incredible journalism. In some ways, Jim Cramer gets unfairly blamed for all financial journalism on TV. But that’s okay. He’ll be glum all the way to the bank. And he agreed to come on. […]
I don’t live in Peoria County, so I don’t get to vote on this, but I would vote “yes” if I could.
If you’re of a populist bent, you’ll be happy to know that the population of millionaires is dropping off thanks to the economic crisis. I’m sure CNBC will have a segment on how this is a great time to buy all of those second homes that are being dumped on the market.
Let’s try some trickle-up for once.
I think the drumming out of Chas Freeman from an intelligence post in the Obama administration is a bad thing. If the reporting is to be believed (here and here), he chose to leave because of the enormous pushback by “pro-Israel” groups. They claimed he was basically unhinged. I think he had the simple temerity […]
Or just about anybody in the Wall Street-based financial services industry. They just seem to live in a different culture – a culture that few on Main Street would celebrate. First, David Leonhardt writes in the New York Times that bankers were counting on being able to loot their companies in order to succeed. Also, […]
Bill Poorman 