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Dean Baker, Laila El-Haddad & Remi Kanazi, Wisconsin, and the Budget
February 16, 2011
"People who want to see the budget cut are people who are advocating throwing people out of work, it's that simple," says Dean Baker of the pressure from conservatives on Obama's budget--pressure, it appears, that Obama is conceding to as he brags that discretionary spending will be the lowest since Eisenhower's administration.
The F Word: Obama Should Be Ashamed of His Budget
February 16, 2011
“This freeze would cut the deficit by more than $400 billion over the next decade, bringing this kind of spending -- domestic discretionary spending -- to its lowest share of our economy since Dwight Eisenhower was President. Let me repeat that...."
Chrystia Freeland: Tracking The New Super-Elite
January 7, 2011
A multibillion-dollar bailout and Wall Street’s swift, subsequent reinstatement of gargantuan bonuses have inspired a narrative of parasitic bankers and other elites rigging the game for their own benefit. And this, in turn, has led to wider—and not unreasonable—fears that we are living in not merely a plutonomy, but a plutocracy, in which the rich display outsize political influence, narrowly self-interested motives, and a casual indifference to anyone outside their own rarefied economic bubble.
Nancy Giles, The New Super-Elite, and Who's in the News
January 6, 2011
John Boehner took charge of the House of Representatives with a bang--a really big bang, from a really big gavel. Also a few tears, of course, and a dramatic reading of the Constitution--though Nancy Giles notes that the Republicans might be surprised as to what they find in there, as they tend to treat it more like a game of Mad Libs.
Best of 2010: Sherrod Brown & Richard Wolff & Jeff Madrick
December 31, 2010
Finishing up our Best of 2010, we look at our still-broken economy, and get some ideas for fixing it. "People are still looking at and facing too much pain," says Senator Sherrod Brown of Ohio, who joined Bernie Sanders for part of his eight and a half hour speech against giving tax breaks to millionaires. Brown notes that while the compromise which eventually passed gives some short-term help to American workers, but that the economy will not begin to really recover until Washington turns its focus to jobs--and not just any jobs, but reinvigorated manufacturing jobs.
Best of 2010: Unemployed Workers, Thomas Frank & Chris Lehmann
December 27, 2010
We're bringing you our top shows of 2010 this week, on the Web and on TV. We hope you enjoy! This one's from December 2. Members of Congress talking about shutting the government down until they can extend tax cuts for the wealthy are "in denial, blinded by their greed," says Constance Kaplan, "They're not concerned with us." Connie is a law librarian who's worked for JP Morgan Chase, among other companies, and is a '99er'--she's been unemployed for over 99 weeks and has thus lost all government unemployment benefits.
Rick Wolff & Jeff Madrick: Economy is Still Broken
December 23, 2010
"The American people were pioneers again, not by going west but by going into debt," says economist Rick Wolff of the last 30 years of our economy. While wages stayed low and infrastructure, education and energy investments bottomed out, Americans leveraged everything on credit cards and loans to keep afloat. And now, despite record Wall Street bonuses and holiday shopping, the economy is still built on fundamental flaws.
Sherrod Brown, Fixing the Economy, and John Fugelsang
December 22, 2010
"People are still looking at and facing too much pain," says Senator Sherrod Brown of Ohio, who joined Bernie Sanders for part of his eight and a half hour speech against giving tax breaks to millionaires. Brown notes that while the compromise which eventually passed gives some short-term help to American workers, but that the economy will not begin to really recover until Washington turns its focus to jobs--and not just any jobs, but reinvigorated manufacturing jobs.
Fighting Foreclosures: It Starts On Wall Street
December 17, 2010
Wall Street is set to award $143 billion--with a B--in bonuses this year, while foreclosures continue unabated (and often undocumented) around the country. Protests are continuing around the country too, though, and Desiree Pilgrim-Hunter notes that when her family couldn't get a regulator to examine her family's foreclosure, "What we went to was a grassroots organization."
Megan Carpentier, Fighting Foreclosure, and Bradley Manning
December 16, 2010
Congress is passing tax cuts for the rich as well as everyone else this week, while Don't Ask Don't Tell is headed for a stand-alone vote in the Senate. Is gridlock over, or are these just issues that actually have some bipartisan support? Meanwhile, Julian Assange may be out on bail, but the debate over the charges against him still rages, and Megan Carpentier of TPM reminds us that it's possible for the arrest to be politically motivated and the charges still not be false.

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Showing videos filed under: Wall Street