More CEOs Join Push to Cut Social Security in a Grand Bargain

By: Thursday October 25, 2012 10:12 am

Top CEOs from 80 large companies across a variety of industries have joined the push for a grand bargain deal that could happen during the lame duck session. In a statement organized by the well-funded Fix the Debt campaign, the CEO’s called for a bipartisan deal to reduce deficit the by increasing revenue and cutting spending.

 

Wall Street CEOs Up Pressure for Grand Bargain in the Lame Duck Session

By: Thursday October 18, 2012 1:30 pm

As soon as the election is over expect a powerful renewed push for a “grand bargain” that cuts entitlements. Already Erskine Bowles and Al Simpson have raised $25 million for the Fix the Debt campaign to push for a deal in the lame duck session, and we now have the top Wall Street executives laying the groundwork to really put pressure on Congress after the election.

Today, CEOs of 16 of the largest financial companies sent a letter to Congress urging them to reach a bipartisan debt deal.

FDL Book Salon Welcomes Dylan Ratigan, Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires from Sucking America Dry

By: Sunday January 15, 2012 1:59 pm

Dylan Ratigan is well positioned to author a book, designed to be an enjoyable and informative read by normal humans, on the ongoing financial crisis. He is the wunderkind who became Global Managing Editor for Corporate Finance of Bloomberg, the premier news service that specializes in finance, at an exceptionally young age. He was at CNBC while that network was hyping the housing bubble as a non-bubble offering fantastic investment opportunities.

Dancing with Jay and Daisy

By: Thursday October 22, 2009 1:30 pm

Proving yet again that not only do taxpayer-bailed-out CEOs have no shame, word has it that they plan to flaunt their taxpayer-fueled wealth in our faces, the ABA is sponsoring its Roaring ’20s party in conjunction with its Oct. 27–29 meeting.

AFL-CIO President Richard Trumka will lead thousands of mad-as-hell Americans in a rally outside the ABA meeting on Oct. 27, demanding financial reform and re-regulation that will allow us to rebuild our communities, our lives and our economy.

Contrast on the Hill: Today, Congress Hears from Workers and CEOs about the Employee Free Choice Act

By: Wednesday February 4, 2009 3:00 pm

Here’s what you saw today if you’re a Member of Congress. This afternoon, more than 2,000 working people rallied outside the Senate in support of an important part of our economic recovery: the Employee Free Choice Act. Meanwhile, in the halls of Congress, CEOs are having their “Executive Lobby Day” so they can spread lies and misinformation in order to keep wages down and perpetuate inequality.

Let Them Eat Pedicures

By: Thursday October 9, 2008 1:30 pm

How appropriate Sen. John McCain didn’t mention the words “middle class” in this week’s presidential debate—or in the first presidential debate.

Because as a proponent of and heir to the greedy, corrupt, rich-first regime of the past eight years, McCain and the conservative ideologues he’s trying to distance himself from to win the election, are reaping the rotten fruits of policies that have systematically devastated the sound financial foundations of America’s working families.

We’re Squeeeeeezed

By: Thursday May 8, 2008 10:00 am

Good news. Just found out author Jared Bernstein can join us for a short time. Help me welcome Jared, a progressive economist at the Economic Policy Institute here in Washington, D.C. Jared can discuss anything from “guns vs. butter,” to “how the capitalists killed capitalism”—and make it understandable.

Economics is scary.

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