On Simon Johnson’s excellent blog, the Baseline Scenario, this morning, I came across the best idea I have seen to address the toxic asset issue while taking into account the populist sense that the little guy is taking all the pain and getting none of the potential gain.
This post was written anonymously by a former investment banker. As a former investment banker, I know that my views on the taxation of bonuses will be immediately suspect. So let me start by stating unequivocally that many on Wall Street and in the global financial services sector have acted in an indefensible manner.
Regrettably, the Obama administration seems to be fumbling the ball on an economic policy course that restores confidence in the American economy on both the optics level and also on a substantive front that reorganizes the “social contract” and design of the real economy in the U.S.
This is a guest post by New America Foundation/Economic Growth Program policy director Michael Lind. Lind recently authored for Salon, “Obama’s Timid Liberalism“. Infrastructure investment and other themes related to the question, “What Will Replace the American Consumer?” will be discussed at the 1st Bernard L.
On CNN’s State of the Union show, John King just missed the key zinger statement made by Council of Economic Advisers Chair Christina Romer.
I really wish I had been invited to the annual Gridiron Dinner — but wasn’t.
The C.V. Starr Center for the Study of the American Experience at Washington College, of which I’m a board member, and the National Portrait Gallery are sponsoring an afternoon discussion today with filmmaker John Waters. Waters will reflect on Cy Twombly’s “Letter of Resignation.
The Washington Times’ omnipresent Potus Notes political and foreign policy blogger Jon Ward did a very nice write-up of some parts of a “blogger breakfast session” that I hosted this morning with Mark Schmitt, editor of The American Prospect.
Visit msnbc.com for Breaking News, World News, and News about the Economy MSNBC’s Rachel Maddow invited former State Department Chief of Staff Lawrence Wilkerson on to her show last night to discuss his recent blog post on The Washington Note titled “Some Truths About Guantanamo Bay“.
Darwin the Alligator lives in the lagoon under my friend Kate Brown’s deck in Hilton Head. Lovely.
