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2/19/2012 Is This the End of Market Democracy?
The 2012 election will offer voters a stark choice between right and left alternatives. President Obama is calling for: investing in things like education that gives everybody a chance to succeed. A tax code that makes sure everybody pays their fair share. And laws that make sure everybody follows the rules. That’s what will transform our economy. That’s what will grow our middle class again. Republicans, in turn, are denouncing the expansion of a Democratic “entitlement society” and what they see as a trend toward European social democracy. They are calling for sharply reduced taxes, regulation and government spending to free market forces and revive private sector economic growth. While Americans are going to be able to choose between two contrasting ideologies, what if both choices are off the mark? What if the legitimacy of free market capitalism in America is facing fundamental challenges that the candidates and their parties are not addressing? Here are some of the issues that are making some politicians and political thinkers uneasy: Are large segments of the American workforce — millions of people — at a structural disadvantage in the face of global competition, technological advance and ever more sophisticated forms of automation? Is this situation permanent? Will the share of profits from improving corporate productivity flowing to capital and to high-earning C.E.O.s continue to grow, while the income of wage earners stagnates and their share of profits declines? Has the surging wealth and income of the top one percent and of the top 0.1 percent reached a tipping point at which the political leverage of the very affluent decisively outweighs the influence of the electorate at large? Is it possible that in the United States and Europe, democratic free market capitalism is no longer capable of providing broadly shared benefits to a solid majority of workers? (New York Times)
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posted: 2/21/12                   0       4
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5/8/2010 An Updated List of Goldman Sachs Ties to the Obama Government Including Elena Kagan
From 2005 to 2008, according to USA Today and other sources, Kagan served as a member of the Research Advisory Council of the Goldman Sachs Global Markets Institute. (Fire Dog Lake)
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posted: 5/23/10                   0       21
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8/3/2009 Geithner, Summers hedge on tax hikes
Conflict with Obama's vow

Wavering on an emphatic promise he made in the spring, top White House economic adviser Lawrence H. Summers would not rule out middle-class tax increases Sunday as a way for the Obama administration to pay for a sweeping health care plan (Washington Times)
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posted: 8/21/09                   0       11
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7/9/2009 The Great American Bubble Machine
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they're about to do it again

But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy. (Rolling Stone)
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posted: 5/26/10                   0       15
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6/15/2009 Fed to Get Bigger Mandate to Supervise Financial System
All large institutions whose failure could threaten the stability of the financial system will be subjected to regulation by the Fed, administration officials said (CNBC)
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posted: 6/15/09                   4       24
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5/29/2009 Lawmakers Praise Obama’s Moves to Beef Up Cybersecurity
Calling the vulnerability of U.S. computer infrastructure “one of the most serious economic and national security challenges we face as a nation,” President Obama announced plans Friday to expand the White House’s role in cybersecurity, saying that a cyber czar will lead the way. “Because of the critical importance of this work, I will personally select this official,” Obama said. “I’ll depend on this official in all matters relating to cybersecurity, and this official will have my full support and regular access to me as we confront these challenges.” (CQ Politics)
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posted: 6/1/09                   3       28
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5/16/2009 Greek nationalists protest Bilderberg Club meeting
The demonstrators, from Greece's right-wing Popular Orthodox Rally party, shouted slogans and held a large banner saying "Bilderberg Unwelcome" outside the hotel (Associated Press)
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posted: 5/17/09                   6       31
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1/9/2009 Exxon CEO Advocates Emissions Tax
The chief executive of Exxon Mobil Corp. for the first time called on Congress to enact a tax on greenhouse-gas emissions in order to fight global warming. In a speech in Washington, Rex Tillerson said that a tax was a "more direct, a more transparent and a more effective approach" to curtailing greenhouse gases than other plans popular in Congress and with the incoming Obama administration. "My greatest concern is that policy makers will attempt to mandate or ordain solutions that are doomed to fail," Mr. Tillerson said. The policy he is advocating is often called a carbon tax because it would be imposed on emissions of carbon dioxide, the most common man-made greenhouse gas. By backing it, Mr. Tillerson has become an unlikely member of a club that includes former Vice President Al Gore, consumer advocate Ralph Nader and President-elect Barack Obama's designated head of the National Economic Council, Larry Summers. (Wall Street Journal)
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posted: 5/4/09                   2       15
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