Tag Archives: wall street

The President’s Weekly Address: Wall Street Reform Is Working

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Mr. Obama, Tear Down the Private Profit Prisons

“…men who so uneasily tolerate superiors patiently suffer a master, and show themselves proud and servile at the same time.” –Alexis de Tocqueville, Democracy in America In 2007, a teenager in a depressed county of Northeastern Pennsylvania, recently bereft of its industrial and coal mining jobs, was sentenced to 3 months in juvenile detention.  – Read the full article

Gerrymandering, Jury-Rigging and Judicial Rewriting Are the Wave of the Future, Conservative Soldiers!

Greetings and salutations, fellow captains of industry and our Republican lapdogs!  I’m wiring you this electronic mail-o-gram from the deck of my mega-yacht Duchess’ Bounty.  What wizardry is this, you may ask, that such a feat is possible from the seas?  – Read the full article

Freedom of Speech vs. Wall Street’s Interests

“There are a thousand hacking at the branches of evil to one who is striking at the root.”  –Henry David Thoreau You know that civil rights are in dire straits when Rage Against the Machine starts to seem eerily prescient. Documents obtained in a Freedom of Information request by The Partnership for Civil Justice Fund reveal that the nationwide violent crackdown on Occupy Wall Street last fall was not only highly organized by the FBI and local police, but was orchestrated by Wall Street itself.  – Read the full article

Closing Argument: Humanity vs. Crosses of Gold and Iron

Mitt Romney and Paul Ryan are the zombies of old discredited brands of conservatism, animated by a new strain of radical absolutism.  In our past, American heroes have exposed their ilk as fraudulent imperialists.  I predict that on Tuesday 60 million Americans will fulfill their role in this age-old morality play of American history by reaffirming Jefferson’s dream and Lincoln’s victory that America is a nation of the people by the people for the people.  – Read the full article

Refuting Romney’s Lies – ALL OF THEM

Think Progress has put together the best post refuting Romney’s lies: FACTS MATTER: The Ultimate Guide to Mitt Romney’s Convention Speech Its a must read for all Democrats and should be forwarded to every friend and family member you have. Follow the page link or go directly to specific LIES: Romney On His Tax Plan Romney On Wall Street Romney On The Budget Romney On Bain Capital Romney On Obamacare Romney On Medicare Romney On Women’s Health Romney On Energy Romney On Global Warming Romney On The Auto Bailout Romney On Welfare Reform Romney On Food Stamps Romney On Security Romney On LGBT rights – Read the full article

Chain of Fools

On Tuesday, Joe Biden made a small gaffe when speaking to a crowd of supporters in Danville, Virginia. He indicated that listeners would help the Obama-Biden ticket carry North Carolina – not Virginia – another 2012 battleground state. However, another Biden off-the-cuff comment has elicited a manufactured outrage from conservatives for his alleged racially loaded language. – Read the full article

No Shortage of Greasy Palms

From the Republic Report today: “Earlier today, the House of Representatives moved to help save $30 million dollars for medical device companies while defunding programs designed to expand health coverage for ordinary Americans. The House took action on legislation to “repeal a 2.3 percent excise tax on gross sales receipts in excess of $5 million for manufacturers and importers of certain medical devices, including defibrillators, pacemakers and prosthetic limbs.” Medical devices, a $140 billion industry, has an inside man in Congress, John Boehner’s policy chief Brett Loper: “Republic Report reviewed ethics forms… filed with the House clerk’s office, and noticed that Loper actually received a $100,147 bonus in 2011 for leaving his medical device lobbying group and becoming a public servant.” Then there’s Senator Marco Rubio, a current GOP “golden boy” and possible V.P. – Read the full article

The Revolving Door

“The table is tilted, folks.  The game is rigged.” —George Carlin The Senate Banking Committee is planning to investigate JP Morgan Chase’s loss of $3 billion.  CEO Jamie Dimon is expected to testify.  Rest assured that he will be stared down by the steely eyes of Dwight Fettig.  – Read the full article

Let’s Cut to the Chase

“All money is a matter of belief.”  —Adam Smith JP Morgan Chase has lost $2 billion.  Woops.  The largest bank in America lost this money with a bullish bet on an index of investment-grade corporate debt, later paired with a bearish bet on high-yield securities, achieved by selling insurance contracts known as credit-default swaps. – Read the full article

Romney’s Vulture Capitalism: theft and corruption by another name

There were two points made by Newt Gingrich during the primaries where I agree: Romney and his former company, Bain Capital, practiced “vulture capitalism”. Romney is a liar. Listing all of the cases where Romney is a liar would take-up too much space in this post and, frankly, it wouldn’t be much of a challenge. – Read the full article

Video Clips of the Week

Each Friday until the November election I will be posting the latest video clips from political campaigns and issues-based organizations. This first post will be heavy on the videos to catch-up on those released in recent weeks. To avoid bogging-down the main page, I’ll post the first video and then you must click “Continue” to see the rest of the videos on the second page. – Read the full article