OPINION: Midway Airport privatization -- another rip-off of the public
CHICAGO-- Without much public discussion, the Daley Administration is set to privatize Midway Airport for $2.5 billion.
Why McCain suspended his campaign
John McCain got lucky last week. Less than 24 hours after the New York Times broke a story about McCain’s campaign manager, Rick Davis’ ties to the Freddie Mac, the big home lender that failed during the Wall Street collapse, the story disappeared from the headlines.
OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2
The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.
OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2
The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.
OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 1
In a vote that was heard around the world, reactionary Republicans along with some progressive Democrats in the House torpedoed a bill to stabilize financial markets. The compromise deal was better than what was initially proposed by Bush and Paulson, but did little to stimulate the economy or attend to the crisis of everyday living experienced by millions of ordinary Americans — who, it should be said, played by the rules.
Save Main Street not Wall Street!
The Bush administration has proposed a massive bailout plan of at least $700 billion (maybe as much as $1.7 trillion) to stabilize the financial system amid the biggest economic crisis since the Great Depression. Treasury Secretary Henry Paulson, a Bush appointee, and the president are pushing for Congress to rapidly pass the plan this week with little debate and no amendments. The right wing and the banks want a plan that gives a blank check to Wall Street with no oversight.
OPINION: Ramming through the bailout
Bush, Paulson make Dillinger look like a Boy Scout As the Bush administration attempts to ram a bailout package of nearly one trillion dollars through Congress, it begins to feel like Colonel Sanders asking the public to trust him to take care of the chickens.
OPINION: The Rosenberg case revisited: heroes and betrayers
The ugly days of the 1950s witchhunts returned to the headlines this month, hitting me in a very personal way.
EDITORIAL: Bail out Main Street
The largest crisis in U.S. financial history shook the foundations of Wall Street this week. The aftershocks of the earthquake that toppled the 158-year-old Lehman Brothers investment bank, Merrill Lynch and the AIG insurance giant — all within a 24-hour span — shook capitalist markets around the globe.
Taxation and you: Obama vs. McCain
The numbers are finally in! John McCain’s Double Talk Express has been hitting Barack Obama hard at every opportunity spreading all kinds of misinformation about his tax plan. According to McCain, Obama’s tax plan will mean more taxes for you. By “you,” either McCain is mistaking his audience for wealthy businessmen, or he is outright lying. Either way, the numbers are in, and the right-wing “maverick” has gone down hard over the facts.
