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Posts Tagged ‘Bernie Sanders’

Pushing Crisis: GOP Cries Wolf on Debt Ceiling in Order to Impose Radical Pro-Rich Agenda

DEMOCRACY NOW  July 22. 2011

President Obama and Republican House Speaker John Boehner are allegedly close to a $3 trillion deficit-reduction package as part of a deal to raise the federal debt ceiling before an Aug. 2 deadline. But the deal is coming under fire from both congressional Democrats and Republicans. Part of it calls for lowering personal and corporate income tax rates, while eliminating or reducing an array of popular tax breaks, such as the deduction for home mortgage interest. Some Democratic lawmakers expressed outrage on Thursday because the Obama-Boehner agreement appears to violate their pledge not to cut Social Security and Medicare benefits, as well as Obama’s promise not to make deep cuts in programs for the poor without extracting some tax concessions from the rich. We’re joined by economist Michael Hudson, president of the Institute for the Study of Long-Term Economic Trends, a Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and author of “Super Imperialism: The Economic Strategy of American Empire.”

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Bye-Bye Ben Bernanke – Thanks for Burning the House Down

Daily Kos- by Badabing

Fri Jan 22, 2010 at 08:12:35 AM PST

Friday, January 22nd, 2010 was supposed to have been the full Senate vote on the confirmation of Chairman of the Federal Reserve, Ben Bernanke. A few months ago, his confirmation seemed like a done deal, but all that has changed quickly over the past few weeks.

The vote has been put off, and the reason that the vote has been put off is because it now appears that Ben Bernanke may not have the votes to be reconfirmed on both sides of the isles>  The election of Scott Brown to not just any seat in the Senate, but a strong held Democratic Senate seat has put a fire under the Senate and apparently President Obama too.  Good…I hope they are all finally getting the message.

I believe that message is this: Americans are sick to death of the critical mass of corruption that has eaten away like an ugly plague of millions of locusts into all 3 branches of our government.

MORE HERE

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Opposition To Bernanke Growing In Wake Of Mass. Vote

Huffington Post- Ryan Grim

First Posted: 01-21-10 11:01 AM   |   Updated: 01-22-10 11:28 AM

UPDATE — JANUARY 22, 11:23 AM ET:

California Democrat Barbara Boxer has become the latest senator to oppose the nomination of Ben Bernanke to a second term as Chairman of the Federal Reserve.

Boxer’s opposition, which she announced in an exclusive statement to the Huffington Post, is a blow to Bernanke. Boxer is no firebreather on economic issues, but considered a more mainstream Democrat from a state that was considered comfortably blue — until Tuesday’s special election in Massachusetts, that is.

“I have a lot of respect for Federal Reserve Chairman Ben Bernanke. When the financial crisis hit in late 2008, he took some important steps to prevent what many economists believe could have been an even greater economic catastrophe,” said Boxer.

“However, it is time for a change — it is time for Main Street to have a champion at the Fed. Dr. Bernanke played a lead role in crafting the Bush administration’s economic policies, which led to the current economic crisis. Our next Federal Reserve Chairman must represent a clean break from the failed policies of the past.”

MORE HERE

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