Day: January 26, 2012

BP and Wall Street: Beyond the Edge via @RonSuskind in #ConfidenceMen

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A good juxtaposition of two disasters in Ron Suskind’s book on the Obama economic team, Confidence Men. Like so many other disasters in this period, the spill was the result of executives pushing themselves to the very edge of legal limits, and then beyond, in the name of short-term profit. —Suskind, Ron (2011-09-20). Confidence Men: Wall Street, Washington, and the Continue Reading

Is Obama’s ‘Economic Populism’ for Real? | Matt Taibbi | Rolling Stone

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If Matt Taibi sees a possibility of some real hope here,  then that itself is a reason for hope.  Taibbi lays it out, and concludes with this: Obama’s decision to tap Schneiderman publicly, and dump Geithner, and whisper about a millionaire’s tax, signals a shift in its public attitude toward the Wall Street corruption issue. The administration is clearly listening to Continue Reading

The protest, Wall Street, and the vote #OWS

Another clueless critique ,  this time from Chrsi Christie ,  suggestingthat the Civil Rights movement would have gotten the gains by putting it to a vote.  Similarly,  there have been people who criticize Occupy saying that there is no need for “the silly protests” because they have the mechanism of voting to speak for them.  But that IS why there Continue Reading