July 2010
1 post
Robert Reich: The New Finance Bill: A Mountain of... →
Thursday the President pronounced that “because of this [financial reform] bill the American people will never again be asked to foot the bill for Wall Street’s mistakes.”
As if to prove him wrong, Goldman Sachs simultaneously announced it had struck a deal with federal prosecutors to pay $550…
June 2010
2 posts
Robert Reich: Joe Barton and the Big Big Debate →
Representative Joe Barton’s apology to Tony Hayward for what he termed a “shakedown” of BP by the White House in order to get BP’s agreement to a $20 billion escrow fund, was the best thing to happen to BP since April 20, and the best boost for the White House in months. What possessed Barton, the…
Robert Reich: Why We're Falling Into a Double-Dip... →
We’re falling into a double-dip recession. The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. (The vast bulk of new jobs in May were temporary government Census workers.) But at least 100,000 new jobs are needed every month just to keep…
February 2010
2 posts
R.I. Bishop praying for Kennedy →
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