Wall Street, conventional wisdom has it, likes legislative gridlock. Stock prices tend to go up when Election Day results in the two major parties splitting power. As a USA Today story recently noted, “In the words of many Wall Street analysts and economists: Gridlock is good.” more »
A full 90 members of Congress who voted to bailout Wall Street in 2008 failed to support financial reform reining in the banks that drove our economy off a cliff. more »
The House of Representatives, which returns from its summer recess today, and the Senate, which returned Monday, really only has one legislative priority it should be focused on before members return to the campaign trail: Treat the jobs emergency as the emergency that it is, and enact the legislation that will get unemployed Americans back to work quickly. more »
The August unemployment data are out. The unemployment rate was "about unchanged" at 9.6 percent,” says the BLS press release. Teenagers "showed little change" at 26.3 percent, as did African Americans (16.3 percent) and Hispanics (12.0 percent). more »
Today’s new unemployment report contains no news, just decimal point changes. It tells us what we already know, that times are bad. The question is whether our great nation can rise to the challenge. more »
Picture this: You're lying in the dark with a broken leg. Somebody comes by every couple of days to give you water and a little food, but you're wasting away. Suddenly a figure appears holding a candle. In the flickering light we see Tim Geithner's face. "Hey, there!" He says. "Do you realize that if we hadn't acted so promptly, both of your legs would be broken? Good news, huh? more »
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