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Showing videos filed under: Bailout
Robert Scheer, The Loaded Chamber, and Lobbyists
November 5, 2010"Wall Street was blackmailing us," says Robert Scheer of the bank bailouts, "And we got nothing in return." It's not news to any viewers of GRITtv that Wall Street's tentacles ran throughout our election, but now that the election is over, we turn again to the running of government.Thomas Frank, Midterm Election Recap, and Lessons Learned
November 3, 2010"If there was ever a case of voting for something that is going to make the problem worse, this is it," says Thomas Frank of the 2010 midterms. We've gone from voting for Democrats to fix the economy to kicking them out in favor of Republicans calling for more of the policies that created the crisis: deregulation, tax cuts, and nebulously-defined "freedom." With those people in charge of the House, what's going to happen next?The F Word: Lessons from Elizabeth Warren
November 3, 2010Which lesson will Obama take from sweeping midterm losses? The mantra from the media is move right, conciliate, bridge build. But that’s the rotten road that brought the Democrats this far. There are other voices to listen to.Robert Scheer: An Obit For Our Hopes
October 29, 2010Barack Obama hit the Daily Show on Wednesday night, and made the unfortunate comment that Larry Summers had done a "heckuva job" running the economy. Robert Scheer of Truthdig notes that Summers was the chief architect of Clinton-era policies that created the economic crisis in the first place, and that Obama's appointment of him to get us out of it was never going to result in anything but more money being thrown at Wall Street.Robert Scheer, Austerity in Europe, and Nestor Kirchner
October 28, 2010Barack Obama hit the Daily Show on Wednesday night, and made the unfortunate comment that Larry Summers had done a "heckuva job" running the economy. Robert Scheer of Truthdig notes that Summers was the chief architect of Clinton-era policies that created the economic crisis in the first place, and that Obama's appointment of him to get us out of it was never going to result in anything but more money being thrown at Wall Street.Deepak Bhargava, Charlene Strong and Larry Summers
September 22, 2010"The first step is to stop apologizing," says Deepak Bhargava, executive director of the Center for Community Change. "We have ideas; we are often cowed by the ferociousness of the argument from conservatives." Indeed, in the wake of Larry Summers' departure from the Obama administration--and the news that the administration wants to head off criticism that it's been anti-business--as well as the failure of Don't Ask Don't Tell repeal and the DREAM Act in the Senate, it often seems like conservatives are winning.The F Word: Larry Summers: Goodbye To All That
September 22, 2010The Internet was all a-Twitter yesterday when news broke that Larry Summers, director of the National Economic Council, will step down by the end of the year. Summers -- ring a bell? Maybe you remember his comments as president of Harvard that gender skewed admissions numbers might be explained by female frailty in the area of math and science. Or perhaps you remember his role, chasing away Brooksley Born, chair of the Commodities Futures Trading Commission (CTFC) in order to push through Clinton's deregulations—you know, the ones that helped lead to the current crash.Naomi Klein: Building a Real Left
September 14, 2010"We have to build that independent left. It has to be so strong and so radical and so militant and so powerful that it becomes irresistible." Who better to say such a thing than Naomi Klein, Nation columnist, author of The Shock Doctrine and No Logo, and longtime rabblerouser?Melissa Harris-Lacewell, Naomi Klein, and Invisible People
September 13, 2010"We need to be covering the left as much as we cover, with anxiety, the right," notes Nation contributor and Princeton professor Melissa Harris-Lacewell. The lack of coverage of progressive movements, protests, and actions in the face of a loud, angry and well-funded right wing can be disheartening, but we know they are out there, and in some cases fighting hard to keep a Tea Party backed Republican party from taking back seats in Congress during the midterms.Financial Reform: Throwing Junk in the Attic
July 2, 2010Nomi Prins, former Wall Street trader and author of It Takes a Pillage, says that the current financial reform legislation is like throwing your extra junk in the attic and pretending that your house is clean. She says that it allows banks to keep all sorts of securities off their balance sheets--that it does nothing to prevent, in short, the kind of shady dealings that helped land us in this financial mess to begin with.
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