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Richard Eskow's picture

This Economy Needs a Little More Elvis, a Lot Less Milton Friedman

The stock market's plunging as of this writing, as the global economy reels from the destructive consequences of austerity economics. Yet in Washington, politicians are moving full speed ahead in their determination to impose a rigorous new program of... austerity economics.

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Richard Eskow's picture

It's Time to Save the Democrats From Themselves -- And All of Us From Deficit Extremism

It's come to this: At a strange and bitter press conference this afternoon (where they even accused their opponents of "racism"), the co-chairs of the Presidential Deficit Commission laid out a proposal that literally meets the dictionary definition of extremism. They've apparently rewritten the Executive Order creating their Commission, too, so if enough Commission members back their proposal it could become law. That would spell long-term defeat for the Democratic Party. More importantly, it would create misery for generations to come.

The only four people who can prevent this disaster are the four Democratic members of the Deficit Commission who have yet to stake a clear position on this proposal: Sen. Kent Conrad, Sen. Max Baucus, Sen. Dick Durbin, and Rep. Xavier Becerra. They need to hear from intelligent, sober-minded people who will encourage them to take a brave stand against these destructive ideas. (Their phone numbers are below.) more »

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Richard Eskow's picture

At Last! Simple New Test Shows If Your Politician's Telling the Truth About "Too Big to Fail"

We thought we'd write a little radio ad for the SAFE Banking proposal being put forward in the House and Senate. But this ad's not just promoting a policy - it's selling a litmus test. This amendment finally gives us a chance to find out whether those politicians who are giving great speeches about "too big to fail" and "no more bailouts" mean what they say or not. So imagine you're listening to the radio and you hear this ...

Financial reform: It's so confusing! CDO, MBS, CDS ... it's like alphabet soup out there! Sure, we hear politicians in the House and Senate say they want to stop "too big to fail." They say they don't want to bail out rich, greedy bankers again just so they can give themselves more fat bonuses. They all say that. Then they fight each other tooth and nail! How's a poor voter to know who's telling the truth? more »

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Richard Eskow's picture

Demand an "Up-or-Down Vote" On Real Financial Reform

After more than a year of closed-door negotiations, the President and other Democrats have finally appropriated a Republican phrase by calling for "an up or down vote" on the resulting health reform legislation. Great idea - so great, in fact, that we should do even better on financial reform.

This time, let's have an up-or-down vote on each of the vital policy planks that constitute meaningful reform. Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.. more »

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Mike Elk's picture

Labor Movement Gets Tough and Threatens to Cut Off Cowardly Democrats

For a long time, Corporate Democrats have taken advantage of organized labor to mobilize voters for them and fund their campaigns. However when big votes come up against powerful corporate interested, these Democrats continually abandon organized labor on key issues like the public option, Employee Free Choice Act, trade agreements, and other issues important for working people. more »

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