Posted on 01 October 2008. Tags: AFL-CIO, Change To Win, Financial Crisis, Progressives, SEIU
Once again–sigh–what this financial mess shows is how the progressive movement is disorganized, incoherent and fragmented. The bankers are pretty clear what they want. The public has been heard loudly that it rejects the Paulson bailout for bankers. But, progressives? I think I’ve seen at least half a dozen different "THIS IS THE SOLUTION" […]
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Posted in General Interest
Posted on 01 October 2008. Tags: EFCA, Financial Crisis, Housing, Labor, Minimum Wage, Pensions, Wall Street
There is a great economic emergency looming in our country. But, it seems to me that we—or at least our elected leaders—have only looked at one side of the crisis, that of the housing bubble-inspired financial credit crunch. By doing so, we’ve missed the bigger picture and the solutions needed. So, here is one person’s […]
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Posted on 30 September 2008. Tags: Barack Obama, Barack Obama John McCain debate, John McCain, last night s debate, McCain campaign debate, Obama debate, Ole Miss debate, presidential debate 2008, presidential debate September 26
You Never Forget Your First Debate, but in case you do forget it, or like, never watched it in the first place, here are the undebatably top 10 best moments from Friday Night’s debate. 1) Host Jim Lehrer tries to provoke a presidential man love/hate catfight: "talk to each other about it. We’ve got five […]
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Posted on 30 September 2008. Tags: Anthony Weiner, Bailout, Financial Crisis, Housing, Wall Street
When you are wrong, you are wrong. I thought this ugly bailout for bankers was a done deal. Kudos to the people who stood up against this awful deal. Everyone probably feels strongly about how their own individual Congresscritters voted. So, being from New York City, it’s an outrage that, with the exception […]
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Posted on 29 September 2008. Tags: Bailout, Corporate Welfare, Financial Crisis, Housing, Wall Street
I was tempted to write about the sad collapse of the Mets yesterday (two years in a row) but I figured there were more tragic things to focus on (serious Mets fans may disagree) like the newest version of the bailout deal that is going to pass–though it should not. I would be shocked […]
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Posted on 26 September 2008. Tags: Banks, Financial Crisis, Housing, Wall Street, Washington Mutual
Rightly so, there is a lot of focus on the $700 billion bailout for bankers (which as we know is now in disarray, causing stock futures to go lower in overnight markets overseas). But, what I’ve been saying here for some time, and I say when I talk to colleagues and friends, is that […]
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Posted on 26 September 2008. Tags: Bailout, Financial Crisis, Labor, New York City
It was an overcast afternoon but people still turned out for a very spirited rally organized in a very short time by the New York City Central Labor Council. People came from a whole range of unions–Teamsters, Teachers, UAW, RWDSU, Laborers, AFSCME…John Sweeney was there. Gary Labarbera, the head of the CLC, lead off […]
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Posted on 25 September 2008. Tags: Bailout, Financial Crisis, Peter DeFazio, Transactions Tax, Wall Street
The turmoil continues today, with investors continuing to flee to short-term Treasury bills (which promise virtually no profit so you can see how the panic continues) and continuing division on the Paulson bailout for bankers (Nancy Pelosi says bravely, "We are not taking ownership of this," meaning Republicans will have to vote for the […]
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Posted on 25 September 2008. Tags: Bailout, Financial Crisis, Labor, New York City
The New York City Central Labor Council is calling for a mobilization tomorrow in Wall Street to protest the bailout for bankers. Here is a piece of the statement which outlines the demands: In response to the growing concerns for worker’s needs, the Central Labor Council Executive Board today announced the following “Seven Conditions […]
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Posted on 24 September 2008. Tags: Bailout, Financial Crisis, Housing, John Sweeney, Wall Street
I’ve just been given a letter that John Sweeney is sending today to every Senator. Here it it is. It makes all the right points, with this being the key nut graf: It proposes a grant of unlimited authority to the Bush Administration to spend $700 billion of the public’s money to […]
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Posted in General Interest