Tag Archives: Wall Street

Elizabeth Warren on Barack Obama: “They protected Wall Street | Salon

By Thomas Frank
Sunday, October 12, 2014

EXCLUSIVE: Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over”

“There has not been nearly enough change,” she tells Salon, taking on Obama failures, lobbyists, tuition. So 2016?

Continue reading Elizabeth Warren on Barack Obama: “They protected Wall Street | Salon

What Does the Democratic Party Actually Believe? | The Nation

By William Greider

To put it crudely, the dilemma facing the Democratic party comes down to this: Will Dems decide next time to stand with the working people, or will they stick with their big-money friends in finance and business? Some twenty years ago, Bill Clinton taught Democrats how they can have it both ways. Take Wall Street’s money—gobs of it—while promising to govern on a heart-felt agenda of “Putting People First.”

Continue reading What Does the Democratic Party Actually Believe? | The Nation

A Clinton approach for angrier times | POLITICO

By BEN WHITE and MAGGIE HABERMAN | 7/15/14

Hillary Clinton has a unique asset if she runs for president — Bill Clinton, who presided over a booming economy and an era of sunny Democratic centrism.

But she also faces a singular challenge: convincing voters who are skeptical of some Wall Street-friendly policies during his tenure that she can connect with their concerns at a time when the wealth gap is massive between the very rich and everyone else.

After a decade and a half of being tethered to her husband’s record, Hillary Clinton established her own political identity as senator and as secretary of state. But a string of questions from interviewers during her book tour about her husband’s tenure as president underscores the ongoing issue she will face reconciling their past with her future. Continue reading A Clinton approach for angrier times | POLITICO

Paul Krugman: Who Wants a #Depression? | NYTimes

Paul Krugman

One unhappy lesson we’ve learned in recent years is that economics is a far more political subject than we liked to imagine. Well, duh, you may say. But, before the financial crisis, many economists — even, to some extent, yours truly — believed that there was a fairly broad professional consensus on some important issues.

This was especially true of monetary policy. It’s not that many years since the administration of George W. Bush declared that one lesson from the 2001 recession and the recovery that followed was that “aggressive monetary policy can make a recession shorter and milder.” Surely, then, we’d have a bipartisan consensus in favor of even more aggressive monetary policy to fight the far worse slump of 2007 to 2009. Right? Continue reading Paul Krugman: Who Wants a #Depression? | NYTimes