Dave Johnson (DaveJ) |

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Quite a Loophole (www.washingtonmonthly.com)

When lawmakers considered the $700 billion bailout package a few months ago, they argued with the Bush White House over restrictions on executive compensation. Democrats insisted that firms accepting... More

Tags: tmc,loophole,george bush,financial bailout,fine print

Submitted 22 days ago by cdoherty on Economy | 0 Comments

Crippling the Auto Union Is Just a Warm-Up (www.truthdig.com)

I must admit that when the danger of a global financial implosion became apparent in March with the taxpayer-backed takeover of Bear Stearns by banking giant JPMorgan Chase, I did not understand how... More

Tags: auto union,auto industry,tnc,crippling

Submitted 22 days ago by cdoherty on Economy | 0 Comments

Killing the Big 3 Would Be Nuts (www.truthdig.com)

Despite the popular myth, lemmings don’t really hurl themselves off a cliff to reduce their numbers. That sort of behavior is seen only among Republicans in the Senate, who gave us a demonstration... More

Tags: big three,bailout,split,party lines,tmc,auto industry

Submitted 22 days ago by cdoherty on Economy | 0 Comments

The Darwin Depression: Time To Say Goodbye To How It Should Have Never Been. (www.huffingtonpost.com)

At a time of glad tidings and cheer, it has hard to be very optimistic about what we face as a country. Americans, credit-card alcoholics at an all-you-can-charge buffet, have over-indulged to the... More

Tags: madoff,bubble

Submitted 22 days ago by MaxMarginal on Economy | 0 Comments

How to Weather Tough Economic Times: Start Your Own Business (www.chelseagreen.com)

The country is hip-deep in a nearly-unprecedented economic meltdown. You’re riddled with anxiety about whether today is the day your boss decides to lay you off.

Tags: economy,start your own business,tmc,investors

Submitted 21 days ago by cdoherty on Economy | 0 Comments

FED ENTERS A 'NEW ERA' (www.washingtonmonthly.com)

You know those signs that say, "Break glass in case of emergency"? This afternoon, the Fed broke the glass. The Federal Reserve entered a new era on Tuesday, setting its benchmark interest rate... More

Tags: federal reserve,tmc,breaking the glass,low rates

Submitted 21 days ago by cdoherty on Economy | 0 Comments

The Problem of Wages (www.prospect.org)

Kevin Drum is right to call median wages "Obama's biggest challenge" and remind that long-term growth is fundamentally reliant on consumer spending. And consumers can't spend if they can't earn. For... More

Tags: tmc,median wages,barack obama,consumers,spending

Submitted 20 days ago by cdoherty on Economy | 0 Comments

K Street's Dr. Evil (www.washingtonmonthly.com)

Last week, when Senate Republicans blocked a rescue package for the U.S. automotive industry, an internal party memo said it was the "first shot against organized labor." It seems likely that Rick... More

Tags: tmc,k street,autmotive industry,rick berman,center for union facts

Submitted 20 days ago by cdoherty on Economy | 0 Comments

The Damned Automatics (downwithtyranny.blogspot.com)

Tags: orange county,mcbush,gary miller

Submitted 5 months ago by downwithtyranny on California | 0 Comments

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