According to a source close to Treasury Secretary Timothy Geithner, he is openly against the potential nomination of Elizabeth Warren to head the new Consumer Financial Protection Bureau. The financial reform bill passed by the Senate on Thursday mandates the creation of this new consumer agency charged with protecting consumers from predatory lenders. Geithner doesn't want the most outspoken advocate for creating the agency to lead it.
The U.S. Chamber of Commerce sent the White House an "open letter" laying out a proposed roadmap to economic recovery, coinciding with the organization's "Jobs Summit" underway in Washington. The Chamber plans to spend more than $50 million electing Republicans to Congress in 2010 and here are the highlights of their recovery plan. Cut taxes on the wealthy and business, cut or reduce social security, privatize roads, drill offshore, and log national forests.
A new billboard in downtown Mason City, Iowa features our President Obama, flanked by photos of Hitler and Lenin. The billboard headlines “Radical leaders prey on the fearful and naive.” Last fall that billboard said “Obama-Nation, Live Free or Die” with the Communist symbol of a hammer and sickle. It's brought to you by the North Iowa Tea Party. Iowa state Tea Party coordinator John White says, “everything Obama has done is ‘lock-step’ with what Hitler did in his day.” The Tea Party was initially created, funded, and promoted by operators and funders like Dick Army and David Koch.
It looks like the ironic outcome of the BP mess will come in the form of a truly poetic gesture that involves a middle finger offered by BP's treasurer to British and American taxpayers.
Social Security has absolutely nothing to do with the federal deficit, as it's a separate self-funding program. Nonetheless, all the conservadems in the Obama Administration are talking about the deficit as an excuse to cut and partially privatize Social Security, instead of just lifing the cap on it so that Bill Gates will pay the same percentage of his pay into Social Security as you and I do. For example, Federal Reserve Chairman Ben Ber
Has over a year of Faux News right-wing fear mongering and Calling President Obama a socialist finally paid off?
The Washington Post is reporting that in the entire 77 days since oil started it's volcanic gush into the Gulf, convicted corporate monopoly felon BP has skimmed or burned only around 60 percent of the amount it said it could remove in a single day.
BP's massive oil spill will officially become the largest ever in the Gulf of Mexico this week. The volcanic oil that's gushed for two and a half months will surpass the 140 million gallon mark, surpassing the record-setting Ixtoc I spill off Mexico's coast from 1979 to 1980. Meanwhile, In a stunning interview with CNN’s Anderson Cooper on June 29th, Allegiance Capitol Corporation V.P.
According to a new Pew Research Center survey, "The recession has directly hit more than half of the nation’s working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs." Close to half of the survey’s respondents said, “they are in worse financial shape as a result of the downturn, which destroyed 20 percent of Americans’ wealth.” Meanwhile, Republicans are obstructing any attempts whatsoever to aid Americans in c
It appears that the Senate Judiciary Committee's Republicans have so far one solo talking point, that being that Justice Thurgood Marshall, the first African-American to ever serve on the Supreme Court, was an "activist judge," and because Elena Kagin clerked for him, she must be tainted by her association with him.