Taking issue Bailout Racism Who’s in the Electoral College?
“The Great Rock and Roll Swindle,” a movie that is alleged to be the true story of the ’70s punk rock band the Sex Pistols, tells a tale of how Malcolm McLaren, the band’s founder and manager, controlled the rise and fall of this infamous band.
There is broad consensus among labor unions and progressive organizations, economists and politicians that we need a bottom-up solution to the economic crisis. That is, the priority should be fixing Main Street, not Wall Street. The main proposals include:
Bailout In perspective Rosenbergs betrayed Socialism, capitalism and public takeover Notes of appreciation
Sarah Palin’s selection as the Republicans’ vice-presidential candidate is an insult to women, and to the American people. It sent several disgusting messages.
John McCain got lucky last week. Less than 24 hours after the New York Times broke a story about McCain’s campaign manager, Rick Davis’ ties to the Freddie Mac, the big home lender that failed during the Wall Street collapse, the story disappeared from the headlines.
It had to happen: Some Republicans are trying to blame the Democrats for the mortgage meltdown, and for the stock exchange crisis that this has triggered, because Democratic politicians have allegedly pushed laws to make it easier for lower income, inner city householders to get mortgages. Also, some are asking what’s the big deal about owning property anyway? Wasn’t it presumptuous and stupid for people who are one paycheck away from poverty to take on mortgage debt they couldn’t afford?
The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.