Posted by
matttbastard on Mar 22, 2009 in
Economy |
2 comments
On today’s episode of Fareed Zakaria GPS, an ‘expert panel’ was convened to discuss ‘populist’ outrage in the wake of AIG and other recent scandals related to the global economic crisis. Via email, I bet Sarah a dinner at IHOP (because we be keepin’ it real like that in this economy) that the ‘expert panel’...
Dean Baker: This is the first time in the history of the United States that the president has sought to provoke a financial panic to get legislation passed through Congress. While this has proven to be a successful political strategy – after the House of Representatives finally passed the bank...
Before the Bailout Bill actually failed to pass in the House of Representatives, the Republican National Committee telegraphed its intentions, airing a vicious anti-Obama ad laying all the blame of the bills passage at his feet. McCain suspended his campaign in order to help the passage of the bill,...
Posted by
matttbastard on Sep 22, 2008 in
Economy |
0 comments
http://www.youtube.com/watch?v=uCHBLt-w9wE Naomi Klein discusses last week’s chaos on Wall Street, and how Treasury Secretary Hank Paulson’s proposed $700 billion bail-out plan fits the ‘disaster capitalism’ model. (Video courtesy The...
After surveying some of the right-wing opposition to the $700 billion Paulson bail-out (and acidly noting that such sentiments from these quarters are unfortunately “vital for having any meaningful chance to stop [the Paulson plan]” thanks to the sorry record during the Bush years of craven Democrats in...