Bernanke

Barack Obama by JT

More Republicans For Obama’s Cabinet

CHICAGO, Illinois (CNN) President-elect Barack Obama has picked GOP Rep. Ray LaHood of Illinois to be his nominee for transportation secretary, two sources told CNN on Wednesday. Two Democratic sources also said Obama will tap Mary Schapiro to head the Securities and Exchange Commission. Schapiro is CEO of the Financial Industry Regulatory Authority, the largest […]

More
Wall Street by JT

Experts Are Bewitched, Bewildered and Befuddled By The Economy

Economy in Turmoil and Bailout Plans Adrift THE SAN FRANCISCO CHRONICLE Carolyn Lochhead, Chronicle Washington Bureau Sunday, December 7, 2008 Washington — Detroit automakers are in line behind governors who are in line behind banks, seeking emergency aid from Washington. Nearly $8 trillion in federal commitments is already out the door, and half of the […]

More
Tullycast by JT

Stiglitz on The Great American Economy [must read]

VANITY FAIR Reversal of Fortune Describing how ideology, special-interest pressure, populist politics, and sheer incompetence have left the U.S. economy on life support, the author puts forth a clear, commonsense plan to reverse the Bush-era follies and regain America’s economic sanity. by Joseph E. Stiglitz November 2008 When the American economy enters a downturn, you […]

More