The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
The formative enterprise for a progressive movement would be taking advantage of the gross gerrymandering of Congressional Districts to elect a solid Progressive-Populist caucus and using peer-to-peer small donation networks to ambush opposing members within the Democratic majority to spook them into going along with the Progressive-Populist caucus. On the back of that, real campaign finance reform might be attainable.
I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
Were the food chain for our country contaminated from one end to the other by poisons, and people were dying in droves, adding a small portion of known good food to the supply would not solve the problem, even though that is probably what the Bush FDA would try to do. The only certain way I can see to provide reliable credit in a relatively short time span is to create new banks operating under new rules with their capital provided by the US Treasury and taxpayer. With a 3% reserve requirement $250 billion of the "bailout money" could capitalize new banks with a lending capability of over $8 trillion. These banks would be free of taint. They would also be strenuously opposed by the financial industry. Creating them would essentially be like releasing the real economy from being held hostage by the existing financial services industry.
The market to Bush and Paulson:
"Hands up! Your money or the economy!"
Bush and Paulson to the market:
"We're thinking, we're thinking!"
What they are thinking is that they would rather give the money to the existing financial services industry, even though there is no reason to think it will help.
"It is not necessary to have hope in order to persevere."
by Frank Schnittger - Sep 24 2 comments
by Oui - Sep 19 19 comments
by Oui - Sep 13 35 comments
by Frank Schnittger - Sep 11 5 comments
by Cat - Sep 13 9 comments
by Frank Schnittger - Sep 2 2 comments
by Oui - Sep 28
by Oui - Sep 273 comments
by Oui - Sep 269 comments
by Frank Schnittger - Sep 242 comments
by Oui - Sep 1919 comments
by gmoke - Sep 173 comments
by Oui - Sep 153 comments
by Oui - Sep 15
by Oui - Sep 1411 comments
by Oui - Sep 1335 comments
by Cat - Sep 139 comments
by Oui - Sep 126 comments
by Frank Schnittger - Sep 115 comments
by Oui - Sep 929 comments
by Oui - Sep 713 comments
by Oui - Sep 61 comment
by Frank Schnittger - Sep 22 comments
by gmoke - Sep 2
by Oui - Sep 1189 comments
by Oui - Aug 315 comments