Elizabeth Warren Says Obama Administration ‘Protected Wall Street Not Families’

By: Monday October 13, 2014 10:28 am

Senator Elizabeth Warren condemned the Obama Administration for perpetually siding with Wall Street instead of Wall Street’s victims. In an interview with Salon conducted by Thomas Frank, Senator Warren noted her frustration with the economic team President Barack Obama put together and claimed that they promoted the interests of Wall Street rather than families losing [...]

Center For American Progress Says Larry Summers ‘Not A Wall Street Guy’

By: Wednesday August 14, 2013 9:31 am

The Center for American Progress (CAP), a progressive front group for corporate Democrats, has decided to go on the record in assisting Larry Summers’ quest to become Chair of the Federal Reserve. In a New York Times story titled The Fed, Lawrence Summers, and Money the president of the Center for American Progress, Neera Tanden, goes [...]

The “Better But Not Good Enough” Economy Conundrum

By: Monday March 26, 2012 8:15 am

Ben Bernanke made a speech today about the economy and the labor market that I’ve seen variously described as too pessimistic and too optimistic. I think both sides are right. You can see that in the first paragraphs: My remarks today will focus on recent and prospective developments in the labor market. We have seen [...]

White House Selects Jim Yong Kim to Head World Bank

By: Friday March 23, 2012 6:55 am

In that rarest of Washington events, a surprise choice, President Obama will nominate Dartmouth College President Jim Yong Kim to head up the World Bank. After confirming that there is, in fact, a Jim Yong Kim and this is not Larry Summers in disguise (“Barry Mummers” would have been too on the nose), I looked [...]

Developing Countries Urge Non-American for World Bank Presidency

By: Thursday March 22, 2012 11:35 am

The Obama Administration has until Friday to name a successor to Robert Zoellick on the World Bank. Since the end of World War II, the United States has held this selection privilege. And every time, they have selected an American for the position. This year, that has received some pushback. Other countries have forwarded their [...]

Odds, Ends on Obama Housing Plan

By: Monday October 24, 2011 1:00 pm

Just a few more things I wanted to highlight on the Obama mass refi plan announced today. Here’s the official release, by the way, of the changes to the Home Affordable Refinance Program (HARP) included in this announcement. • A nod to those who say, “Be reasonable, it’s better than anything the Republicans have on [...]

Republicans Desperately Try Feeling the Pain of Occupy Wall Street

By: Tuesday October 11, 2011 11:40 am

It was just a week ago that Republicans tried to denigrate the Occupy Wall Street protesters as a “dangerous” “mob” who needed to “get a job” rather than “pit Americans against Americans.” Then they must have gotten the polling. So now, they’re changing their tune. Here’s Mitt Romney: I don’t worry about the top one [...]

Persistent Complaints of Sexism in Obama White House

By: Tuesday September 20, 2011 8:15 am

I don’t feel much desire to read Ron Suskind’s book either, but the protests from the White House, which Suskind has begun to parry, suggest that they really feel concerned by it. And maybe not so much by the economic revelations, which they can at least fudge with an inattentive public. It’s the persistent theme [...]

Geithner Denies Insubordination on Citi Wind-Down Plan

By: Monday September 19, 2011 1:26 pm

Treasury Secretary Timothy Geithner forcefully denied the claim in a book by Ron Suskind that he ignored a request from the President to work up a plan to dissolve Citigroup. He further added that the entire theme of the book, about infighting in the White House over economic policy issues, bears “no resemblance to reality.” [...]

Reid Appears to Endorse McConnell Surrender Plan

By: Wednesday July 13, 2011 8:15 am

In remarks before the Senate today, Majority Leader Harry Reid appeared to endorse the Rube Goldberg plan to allow the debt limit to increase with a series of tough votes for Democrats to take. Here’s the relevant portion: I am glad to hear that the Republican Leader has come forward with a backstop proposal to [...]

Pro Publica Advances Narrative on How Obama Killed Cramdown

By: Friday February 4, 2011 8:44 am

Way back in September, I wrote the narrative of how the banks successfully staved off cramdown, with big assist from the Barack Obama, who even as a candidate for President told the political leadership to keep it out of TARP, when the banks were at their most vulnerable. Now Paul Kiel and Olga Pierce tell [...]

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