Inaugural Hope, but America Is in Shock
The year 2008 is thus likely to go down in American history as an even more pivotal one than 2001, because the life of the average American is going to be shaped far more by the consequences.
HuffPost's QuickRead
What I Gained by Losing in Madoff
I wish I could say I had reservations about Madoff before The Call, but I did not. Besides, everything about which I "knew better"--stocks, advisors, real estate--was also disastrous.
Is Obama Missing the National Service Moment?
The Obama administration may be about to squander a historic opportunity. By all reports, the economic recovery plan doesn't include a large-scale national service program.
Get Business Tax Cuts Out of the Stimulus Plan
The money in this economic stimulus package is a small down payment on what is needed to give the U.S. the world class infrastructure we need.
How Congress Can Act Now for Economic Recovery -- And Simple Justice
If concerned citizens call on Congress to take action now, the House and Senate are poised to pass two pieces of legislation that empower working women to challenge pay discrimination.
Stimulate Me
In the spirit of out with the bad and in with the good, below are some thoughts (big and smaller) for "good" elements to include in the stimulus plan.
Hoping for Audacity (on Climate Change!)
What I want from my new administration this year: a program to address climate change that is stunning in its breadth and scope. The weird thing is: I might get it.
A Stimulus Package We Can Believe In
Investing in physical infrastructure will not have the same short-term impact on U.S. jobs, or long-term impact on productivity and quality of life as a similar investment in our "digital infrastructure."
ACORN Helps Lead Progressive Action to Pass A Stimulus Package
Because of reality facing America's low- and moderate-income communities, ACORN members and their neighborhoods function as the canaries in our nation's economic coal mine.
The Need for a Performance Right
Because we do not have a performance right, performers, labels, and our economy) lose more than 100M dollars annually that is collected overseas for the broadcasts of U.S. recordings.
Make Sure that Our Country Does Not Become Detroit
My brother is the COO for the largest non-profit service provider in the city. His family's home is now worth less than their mortgage -- an experience now common to many Detroit area homeowners.
Deficit Spending -- A Necessary Evil
As Obama steps into this quicksand economy, he seems to realize that short-term stimulus plans are only a Band-Aid solution for a gaping, almost mortal wound.
The Greatest Ponzi Scheme of All Time
When the President came into office, there were about 278 million people living in America. The national debt was $5.6 trillion. Now there are 307 million of us. The national debt is $10.6 trillion.
Pssst, the Economy Is Collapsing -- Don't Tell Congress
This stimulus package should have been approved two months ago, but for whatever reason no action has been taken. There is no reason that the public should be forced to wait until mid-February.
Obama's Perilous Compromise with Looters
Tragically, the architects of the current economic fiasco have been placed in charge of America's recovery. President-elect Obama has made an enormous mistake.
The Price of Consensus: Obama and Congressional Republicans
In policy terms, the economy needs exactly what Obama calls for -- swift and bold action. But inviting Republicans into the discussions insures only one thing -- delay.
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Hope Will Soon very Well..
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I love it! I know my 100s of hours of volunteer work for his campaign were worth it whenever I read things like
quote:
"Wall Street has not worked," Obama told CNBC's John Harwood in an exclusive interview. "So it's going to be a substantial overhaul. We're going to have better enforcement, better oversight, better disclosure, increased transparency. "We're going to have to look at this alphabet soup of agencies and figure out how do we get them to work together more effectively," he added. "We've got to update the whole system to meet the needs of the 21st century."
/quote
While he is reforming the government, somebody needs to reform the academic fields of business and economics, especially eradicating the obsolete, Cold War detritus known as the Chicago School of economics. High school graduation should require basic familiarity with demand curves, as well as at least 8 years of civics so that every voter knows at least as much about our own government as today's naturalized immigrant citizens, poli-sci majors and lawyers.
Paulson and Bernanke chatter as long as the cameras keep rolling, the lunatic fantasy that the economy -- not select but important economic activities, the entire economy -- is driven by credit rather than by production. If they get away with their $Trillion heist -- and it looks like they will -- it will have been because too few taxpayers can deconstruct their euphemisms and identify the mechanisms of this theft more accurately than the perpetrators. Never
He should start by cleaning house in all those agencies then he should bring in an Investors Bill of Rights.
If a trading house wants to "borrow' my shares , I would think at the very least they ask me and offer some monetary compensation, after all, they are my shares, if i had the certificates in my safe, they wouldn't be able to.
he should also consider taking oil out of the trading system. You buy oil, be prepared to take delivery of it before you can trade it.
I know I know, it sucks, but in case we all missed something, Capitalism as defined by the US just hasn't worked.
Global regulations are on the way with Obama. :-)
Isn't it nice to have a grown up in charge. Bush just blusters platitudes about how everything is fine.
yeah real adult supervision the next 8 yrs going to be great.