There is a broad consensus that Barack Obama, our nations 44th president, assumes responsibility for the largest number and the broadest scale of challenges taken on by any previous administration. Critical issues in health care, education, and housing are easily trumped by our grave fiscal crisis.
America shed more than 2 million jobs in 2008 alone. American families are in a crisis. Many now live day-to-day not knowing how they will maintain their jobs or homes. Retirement assets have lost much of their value. Consumer spending is down and small businesses are failing faster than ever. Credit is unavailable, and most households no longer qualify because of their damaged fiscal positions. There is aggressive bi-partisan action underway to formulate corrective initiatives.
In his inaugural address, president Obama spoke to what I consider a critical core component for the development of any successful proposals to address this agglomeration of issues. He hinted that he has a new vision for the role of government in American society. In his words, "The nation cannot prosper long when it favors only the prosperous." Read more »
The Labor Department is rushing to pass a new rule, opposed by President-elect Barack Obama, that would make it harder for the government to regulate use of toxic substances and hazardous chemicals to which workers are exposed on the job. The push to pass these new rules before the Obama Administration takes over violates a memorandum issued in early May by Joshua B. Bolten, the White House chief of staff. Read more »
WASHINGTON - Some of America's biggest banks are in for a windfall — on top of the $700 billion government bailout — thanks to a new tax policy quietly issued by the Treasury Department.
The notice gives big tax breaks to companies that acquire struggling banks hit hard by the mortgage crisis. In some cases, the tax breaks could exceed the cost of acquiring the banks, according to analyses More.. by private tax experts. Read more »
There is an important piece of journalism by New York Times writer Jonathan Mahler titled 'After The Imperial Presidency'. In it is a comprehensive review of the awesome assertion and expansion of presidential powers set forth by the Bush Administration. A look at the lack of attention to this crucial issue in the recent presidential campaign. And, some perspective on the future.
As we bask in the glow of an Obama presidency we propose you read this important piece and consider the scope and ramnifications of inaction on our part. We have all just started a wonderous new journey as activist citizens. This piece can serve as a good starting point for one of many issues we will rally behind and demand action on.
As we come closer to the 2008 election, I wanted to reflect on the importance each one of us plays in our society. We are each born an individual with thoughts and ideas, power to choose, and power to act. In keeping with the awesome responsibility that comes with our individualism, I wanted to add to the thoughts and ideas we may have on the future of our nation by sharing an essay by author and legal scholar Charles A. Reich titled "The Liberals' Mistake". Whatever your views, I am confident anyone who reads this work will be provoked to explore and consider its premises and positions. Whatever your views, the more informed they are the better. Enjoy! Read more »
By Naomi Klein - September 22nd, 2008
View this article at www.naomiklein.org
I wrote The Shock Doctrine in the hopes that it would make us all better prepared for the next big shock. Well, that shock has certainly arrived, along with gloves-off attempts to use it to push through radical pro-corporate policies (which of course will further enrich the very players who created the market crisis in the first place...). Read more »
Dennis Kucinich one of a minority of Democratic Congressman who voted "NO" on the governments $700 billion bailout Monday. In a press release issued Tuesday, the congressman commented on decision and expressed his concern for protecting the interests of taxpayers. Read more »
Presented below is the video titled 'KEATING ECONOMICS: John McCain & The Making of a Financial Crisis' which chronicles the alleged role John McCain played in covering-up illegal activities of Charles Keating and Lincoln Savings. The key elements here are a consistent pattern of promoting deregulation, associating with deregulation advocates, and displaying judgement that permits Senator McCain to maintain these positions in the face of consistent failures of his philosophies and strategies, which have also lead to the loss of billions of dollars of taxpayers money. Read more »