Just Another Dog and Pony Reform Show


We have all seen this show before. You enter the tent and the first thing you see is a trainer with a group of dogs on one side doing amazing dog tricks. On the other side is a trainer with a group of ponies doing awesome pony tricks. And both trainers are vehemently arguing over which is the better act. Well, regardless of whether you love … [Read more...]

Savvy Bankers? Free-Markets? Populist President?


Here is what Americans in 1933 heard from their populist President during FDR's Fireside Chat on the Banking System: Only a foolish optimist can deny the dark realities of the moment… Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men… This nation is asking for … [Read more...]

~ Sticks and Stones… and Populism

While our President and other politicians have been learning the talk of populism in the last few weeks, a lot of media ink, electronic and otherwise, has been given over to trashing the walk of the populist.  Of particular interest is David Brooks' explanation of the media/political world view in his recent article The Populist … [Read more...]

Facing Down the Wall Street Oligarchs (part 2)


And so the story of The Wall Street Oligarchs (part 1) and the Main Street Taxpayers, resumes with Simon Johnson, former chief economist of the International Monetary Fund continuing his tale of  The Quiet Coup: Every crisis is different, of course. … But I must tell you, to IMF officials, all of these crises looked depressingly similar. Each … [Read more...]

The Wall Street Oligarchs (part 1)


There’s been a lot of finger wagging at the unruly class recently. It seems we, the Main Street Taxpayers, have it all wrong. Our outrage over the AIG bonuses is class warfare. Our ignorance over the workings of government and finance is self-evident. Our anger over our lost jobs, homes and 401k’s is understandable, but misplaced. Our bus tours are … [Read more...]

Kaptur and Johnson Detail Wash & Wall Dysfunction


US Rep. Marcy Kaptur (D-OH) and Former International Monetary Fund chief economist Simon Johnson discussed the state of the economy on Bill Moyer’s Journal and it is must see video. Even though this is something I read and write about regularly, it is shocking to hear just how dysfunctional Washington and how blatant Wall Street has become. The … [Read more...]