Robert Reich on the fiscal cliff: ‘Democrats are holding most of the trump cards’
“The question is, will the Democrats actually hold firm?” —Robert Reich watch video
Topic: Economy
Hunger in America almost ended 40 years ago — so why are hunger levels soaring today?
“The only reason we’ve gone backwards is we’ve sold this country the myth that we can solve this problem with charity.” —Joel Berg watch video
How much money did Wall Street lose during Hurricane Sandy?
When it comes to losing money, Wall Street has no end of games to play. read post
Obama and the GOP must find a fiscal cliff compromise that provides ‘a framework for the future’
“The election gives (Obama) … the moral authority and a very strong hand to do something that is consistent with his principles, but also in the best interest of all Americans.” —Marc Morial watch video
Barney Frank: Raising tax rates on the rich is the easiest option — and the GOP knows it
Rep. Barney Frank, D-Mass., and Eliot Spitzer agree that politically it is a lot easier to raise tax rates than it is to actually close the loopholes and limit deductions. watch video
Jon Corzine may have contributed to MF Global’s collapse — but are regulators also to blame?
“Regulators are as good at protecting their turf — OK, maybe not quite as good, but they’re almost as good at protecting their turf — as the big financial firms are.” — Bethany McLean watch video
Patriotic Millionaires group wants to raise taxes — on themselves
Even some of those who would end up paying the most under a proposed tax hike are starting to see the big picture. read post
Will Obama send a ‘powerful signal to Wall Street’ or pick another Geithner as Treasury secretary?
“Sweep them all out.” —William Cohan on Obama’s first-term economic advisers watch video
Sen. Bernie Sanders: If the rich pay their fair share, we’ll avoid the fiscal cliff
“If you want to be serious about deficit reduction, you’re going to have to allow the tax rates for upper-income people to go back to the Clinton era — that is where the money is.” —Sen. Bernie Sanders watch video
The fact that the farm bill never reached a vote is ‘exhibit A of a dysfunctional Congress’
“We can vote yes or we can vote no, and then we can be held accountable by our constituents for how we voted. What we can’t defend is not voting at all.” —Rep. Peter Welch, D-Vt. watch video
