I thought I had a good idea. An obvious idea. An idea with a lot of natural and timely appeal. It involved too-big-to-fail banks. A couple of months back the Senate, in a highly unusual bipartisan move, unanimously passed a Continue reading
This article of mine appeared today (Sunday) on the opinion page of the Philadelphia Inquirer. If describes how a Democratic Party that has lost its way on economic matters might be reformed. http://www.philly.com/philly/opinion/inquirer/20130505_A_tea_party_for_progressives.html
Socialism had some serious failings as an economic system. It politicized economic decisions, often allocating capital in ways that were unproductive and even counter-productive. It didn’t allow enough outlets for entrepreneurship. In its more extreme forms, it devolved into tyranny. Continue reading
Republicans have a plan to reform business taxes. They want flatter business taxes that lower the tax rate on highest taxpayers; that don’t reduce the revenue generated because it spreads the tax net to reach formerly untaxed or under-taxed businesses, Continue reading
Senator Bernie Sanders, a progressive senator from Vermont, is introducing a bill this week that would break up the Too-Big-To-Fail banks. It would require Treasury Secretary Lew to compile a list of these institutions in 90 days, and after that Continue reading
Are you confused about the differences between this country’s two major parties? Perhaps this simple guide will help. Republicans have a set of firmly held beliefs. Democrats have things they kind of like if no one objects too much. Republicans Continue reading
It’s not surprising that the President’s State of the Union Address last night, which supposedly focused on helping the middle class, didn’t have anything worth hearing in this regard. The president, as well as his advisers, top administrators, and members Continue reading
In yesterday’s New York Times, columnist Paul Krugman looked over the Obama presidency to date and found it praiseworthy. And to those progressives who might be profoundly disappointed in this President (and his party) Krugman opined: “…maybe progressives — an Continue reading
Economically speaking, Washington pols have nothing in common with middle class Americans. NOTHING. They are all, every one, in a different economic class. Here’s the numbers: The President has a salary of $400,000 a year and every member of his Continue reading
We hoped otherwise but down deep we always knew. We knew that when negotiations about avoiding a fiscal cliff involved just two men, President Obama and House Speaker Boehner, Obama was going to get rolled. Again. This president has been Continue reading