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Posted in: Economy
Thursday Apr 14, 2011

We are being taxed into the stone age, another myth

Conservatives have told us over and over again that are taxes are simply too high. We pay too much. Several years back I went to see J. C. Watts speak. I'm happy to say that I didn't had to pay...
Posted by Errington Thompson on Apr 14, 2011 permanent link permalinkemail post email
Wednesday Feb 2, 2011

Millennials in Georgia Clean Up after BP

Contributors: Hilary Doe, National Director of the Roosevelt Campus Network and Shayna Pollock, Roosevelt Campus Network, University of Georgia As people across the country gear up for tax season, beltway politicos turn their attention to the State of the Union,...
Posted by Manpriya Samra on Feb 2, 2011 permanent link permalinkemail post email
Tuesday Jun 8, 2010

Fix Economy, Then Balance Budget

I spoke with a friend of mine today, a friend I haven't talked to in a long time. After the pleasantries, the Right Wing nonsense started. Obama is spending too much. Okay, I asked, how much is too much when...
Posted by Errington Thompson on Jun 8, 2010 permanent link permalinkemail post email
Tuesday Jun 1, 2010

Bust 'em up

I know that some people believe that financial reform is over, I don't. I think that we need to and must do more in order to save Obama's presidency and our country. Senator Byron Dorgan (North Dakota) stood up for...
Posted by Errington Thompson on Jun 1, 2010 permanent link permalinkemail post email
Monday May 31, 2010

Learning from the Meltdown

What are the lessons that we can take from the financial meltdown? Too big to fail is too big to exist. That is one of the biggest lessons, but the Senate hasn't learned squat. From HuffPo: A move to break...
Posted by Errington Thompson on May 31, 2010 permanent link permalinkemail post email
Friday May 21, 2010

The Bill Dwight Show: In My Backyard

The Bill Dwight Show continued its quest for world media domination by walking a block-and-a-half, sitting in my backyard, and talking to me about the Wall Street reform bill. Check it out at BillDwightShow.com...
Posted by Bill Scher on May 21, 2010 permanent link permalinkemail post email
Thursday Apr 15, 2010

What to do with WaMu?

The Senate opens hearings today into the failure of Washington Mutual. Washington Mutual was among a group of banks that jumped into the subprime mortgage sector headfirst. Jumping into anything headfirst is not usually a good idea until you know...
Posted by Errington Thompson on Apr 15, 2010 permanent link permalinkemail post email
Wednesday Apr 14, 2010

How much Money do these Big Banks owe You?

Last week, the Bureau of Labor Statistics released the employment report showing that 162,000 jobs were added in the month of March. Republicans look for the bad in the numbers, the Democrats look for the good and the reality was...
Posted by Errington Thompson on Apr 14, 2010 permanent link permalinkemail post email
Tuesday Feb 16, 2010

Fix the Recession then fix the Budget Deficits

Bill has been feeling under the weather lately. I hope that he gets well soon. I offered a friendly operation to help him, for reasons that aren't clear, he declined. ;-) More on the budget and deficits. On Monday I...
Posted by Errington Thompson on Feb 16, 2010 permanent link permalinkemail post email
Wednesday Oct 21, 2009

600 trillion reasons why we need more regulation of the financial markets

A year ago, we were all waiting for the other shoe to drop. The financial giant Bear Stearns had tanked. The stock market was jumping up and down like a Mexican jumping bean. The talking heads on the financial channels...
Posted by Errington Thompson on Oct 21, 2009 permanent link permalinkemail post email
Thursday Oct 15, 2009

Who are we?

Most Americans over the age of 20 can recall Roger Daughtry's Daltry (lead singer for The Who) searing voice as he wailed, "Who are you?" Who Are You is also the theme music for the very popular drama CSI. As...
Posted by Errington Thompson on Oct 15, 2009 permanent link permalinkemail post email
Sunday Jul 12, 2009

Interview with EPI's Heidi Shierholz about jobs and the stimulus

If president Barack Obama has any thoughts of becoming a two-term president, he has got to create jobs. The jobs numbers for June were not abysmal but they weren't good either. I talk with Dr. Heidi Shierholz from the Economic...
Posted by Errington Thompson on Jul 12, 2009 permanent link permalinkemail post email
Saturday Jun 27, 2009

Clean Energy

Waxman-Markley bill has made it out of the House. The vote was relatively close. 219-212. Eight Republicans voted for the bill. 44 Democrats voted against the bill. This bill is also known as the America Clean Energy and Security Act...
Posted by Errington Thompson on Jun 27, 2009 permanent link permalinkemail post email
Tuesday Mar 10, 2009

Some Stakeholdership

The Swedish Option is supported by a whole lot of people who know more then I do about economics and how to extricate us from the present crisis. It is worth remembering that Sweden's approach to its banking crisis reflected...
Posted by Michael Brooks on Mar 10, 2009 permanent link permalinkemail post email
Wednesday Feb 11, 2009

Pass This Deal. Then Get Back To Work.

The House and Senate have a crafted a final deal for an economic recovery bill. Like with any compromise, there are things to like and not like. And no matter what the final result, everyone -- including the President --...
Posted by Bill Scher on Feb 11, 2009 permanent link permalinkemail post email
Friday Feb 6, 2009

Passing Garbage will not help us

Houston, we have a problem. Stupidity in Congress. I continue to remain dumbfounded over what Congress is doing. Our problem, in a nutshell, is that Americans saw the financial disaster that the crash in the housing market and financial institutions...
Posted by Errington Thompson on Feb 6, 2009 permanent link permalinkemail post email
Tuesday Feb 3, 2009

Are We Doing the Bidding of Conservatives?

Before the election, my colleague Rick Perlstein counseled the next president to embrace a big and bold liberal agenda immediately after entering office, in the mold of Presidents Franklin Roosevelt and Lyndon Johnson, or else the opportunity for real change...
Posted by Bill Scher on Feb 3, 2009 permanent link permalinkemail post email
Sunday Feb 1, 2009

It is all about Infrastructure

Rachel Maddow has talked about this extensively. Infrastructure. We have to start spending money on our infrastructure. It is nothing like spending money on a sexy building that has your name on it (politicians love to do this). It is...
Posted by Errington Thompson on Feb 1, 2009 permanent link permalinkemail post email
Friday Jan 9, 2009

Obama delivers big speech

I briefly got a chance to look at Barack Obama's speech on the economy. He isn't president yet; nonetheless, he is urging Congress to get some work done. Working too slowly will worsen the problem. Passing a stimulus package that...
Posted by Errington Thompson on Jan 9, 2009 permanent link permalinkemail post email
Wednesday Nov 19, 2008

Unions are the problem with the auto industry -- Mitt Romney

Former Massachusetts Governor and presidential hopeful Mitt Romney has written an op-ed in the New York Times about the auto industry. Gov. Romney is uniquely qualified to comment on the industry...not only due to his personal knowledge of the business...
Posted by Errington Thompson on Nov 19, 2008 permanent link permalinkemail post email
Friday Nov 7, 2008

The Mandate

Posted by Bill Scher on Nov 7, 2008 permanent link permalinkemail post email
Monday Nov 3, 2008

Credit Default Swaps

Okay, let's talk about money... again. A couple weeks ago I had several posts that discussed our financial crisis and how we could refocus our efforts to bring prosperity to every one. The one thing that I knew little or...
Posted by Errington Thompson on Nov 3, 2008 permanent link permalinkemail post email
Wednesday Oct 29, 2008

Cincy Enquirer Runs Correction

On Sunday, LiberalOasis called out the Cincinnati Enquirer for using a phony Obama quote from a viral right-wing email in its endorsement of McCan. It was picked up by Ohio blogs Buckeye State Blog, The Cincinnati Beacon and Writes Like...
Posted by Bill Scher on Oct 29, 2008 permanent link permalinkemail post email
Sunday Oct 26, 2008

Cincy Enquirer McCain Endorsement Based on Phony Obama Quote

The Cincinnati Enquirer endorsement of Sen. John McCain includes this paragraph (emphasis added): The recent dialogue between Obama and "Joe the Plumber," Ohio resident Joe Wurzelbacher, illustrated to voters Obama's focus on "spreading the wealth" through taxes rather than growing...
Posted by Bill Scher on Oct 26, 2008 permanent link permalinkemail post email
Friday Oct 17, 2008

Addressing the economic issue, again

One of my commenters suggested that I was going after Joe the Plumber. Well, he actually said, "this is so typical how the weak intellectually deficient left wing liberals address an issue." This brings up two issues -- first, I...
Posted by Errington Thompson on Oct 17, 2008 permanent link permalinkemail post email
Wednesday Oct 15, 2008

McCain's New Economic Plan

As our financial crisis deepens, John McCain's campaign has struggled to come up with a coherent message and plan. Basically, for the last several weeks, John McCain has said that he knows how to fix the economy. He hasn't given...
Posted by Errington Thompson on Oct 15, 2008 permanent link permalinkemail post email
Thursday Oct 9, 2008

Please fasten your seatbelts...the economy will be going through a little turbulence...

I remember being about 10 years old, flying with my family to South America. I was in the restroom when I heard over the loudspeaker, "Please fasten your seatbelts. We might be experiencing a little turbulence." I was standing there,...
Posted by Errington Thompson on Oct 9, 2008 permanent link permalinkemail post email
Monday Oct 6, 2008

Gut Check Time

Last week I wrote: At this point, it's practically become a given that Obama is the superior candidate on economic matters. And for those voters uncomfortable with the notion of a president who isn't white, but unable to tolerate four...
Posted by Bill Scher on Oct 6, 2008 permanent link permalinkemail post email
Thursday Oct 2, 2008

Can The Economic Crisis Advance Racial Progress?

A bad economy can sow racial division, as people in dire straits cast about for scapegoats. This year may be different. The events of the past two weeks have exposed Sen. John McCain's self-proclaimed lack of understanding about economics, as...
Posted by Bill Scher on Oct 2, 2008 permanent link permalinkemail post email
Wednesday Oct 1, 2008

Supply-Side Economics never made sense

As we see the collapse of Wall Street, AIG, Bear Stearns, Merrill Lynch, Washington Mutual and Lehman Brothers, we all must wonder what happened. We have been told that our economy was strong. Yet within the last seven to eight...
Posted by Errington Thompson on Oct 1, 2008 permanent link permalinkemail post email
Tuesday Sep 30, 2008

Any Signs of a Bailout? Or something?

I have no idea what happened on Wall Street today. If part of the stock drop from yesterday was because there was no bailout deal then, what was the almost 500 point rise today about? There is no bailout deal....
Posted by Errington Thompson on Sep 30, 2008 permanent link permalinkemail post email
Friday Sep 26, 2008

Leadership! Experience! Change!

Good thing McCain dropped everything to go to Washington: Mr. Boehner pressed an alternative that involved a smaller role for the government, and Mr. McCain, whose support of the deal is critical if fellow Republicans are to sign on, declined...
Posted by Bill Scher on Sep 26, 2008 permanent link permalinkemail post email
Wednesday Sep 24, 2008

Updated: McCain suspends campaign

Desperate times call for desperate measures. When you are sinking in the polls like a brick and the Atlantic Ocean, you have to do something. one of his top campaign advisors, Rick Davis, is under fire for his lobbying efforts...
Posted by Errington Thompson on Sep 24, 2008 permanent link permalinkemail post email
Wednesday Sep 24, 2008

Missing The Target

This attack ad from the McCain campaign and the RNC is notable in how it misses the mark. It doesn't just go at Obama. It tries to argue that "Obama and his liberal allies" in congress have no plan, while...
Posted by Bill Scher on Sep 24, 2008 permanent link permalinkemail post email
Monday Sep 22, 2008

News round up

Monday evening news Roundup For the second straight day, let's start overseas. North Korea is miffed that the United States has not lived up to their obligations in the nuclear nonproliferation Treaty, according to North Korea. It appears that they...
Posted by Errington Thompson on Sep 22, 2008 permanent link permalinkemail post email
Sunday Sep 21, 2008

Gramm freed the Banks from regulation

Gramm-Leach-Bliley Act was passed in 1999. I was alive in 1999. I don't remember hearing anything about this. Anyway, I have done some research. This was a huge coup by the banking industry. This bill allowed banks to things that...
Posted by Errington Thompson on Sep 21, 2008 permanent link permalinkemail post email
Wednesday Sep 17, 2008

Our economy isn't fundamentally sound

For the last 2 1/2 weeks, John McCain and the Republicans have been riding the Governor Sarah Palin wave. They have said nothing of substance. They have put out a series of ads that can only be summarized as a...
Posted by Errington Thompson on Sep 17, 2008 permanent link permalinkemail post email
Saturday Jul 19, 2008

Netroots Nation: Middle-Class and Populism

At Netroots Nation, long-time Texas populist Jim Hightower talked with me about how blogging is strengthening progressive populism in the Lone Star State, and the importance of populism to the Obama campaign. And David Goldstein of HA Seattle discussed how...
Posted by Bill Scher on Jul 19, 2008 permanent link permalinkemail post email
Thursday Jul 17, 2008

Netroots Nation: Labor Caucus

Two interviews I conducted following the Netroots Nation Labor Caucus, about the potential for partnership between bloggers and unions. First, Jason Lefkowitz, online organizer for Change To Win. Then, Elana Levin from UNITE HERE (left) and Stephanie Taylor from SEIU...
Posted by Bill Scher on Jul 17, 2008 permanent link permalinkemail post email
Sunday Jan 20, 2008

Tax cuts answer every economic problem

President Bush who has been the "tax-cutter-in-chief" for last 7 years now faces a sagging economy. What to do? Housing sector which has pulled this economy along for the past 2 or 3 years is now in the toilet. The...
Posted by Errington Thompson on Jan 20, 2008 permanent link permalinkemail post email
Thursday Nov 9, 2006

Up The Ante

Republicans spent the Day After in some disarray -- a House leadership fight, a President bringing back his old "uniter not a divider" act, the surprise sacking of Don Rumsfeld. But do not expect the GOP to remain fractured for...
Posted by Bill Scher on Nov 9, 2006 permanent link permalinkemail post email