I don’t know about you, but I’m sure tired of Larry Summers. He decided, along with Alan Greenspan and Robert Ruben, that we did not need to regulate derivatives. As a matter fact, he went so far as to make sure that Congress passed a law which would prohibit the regulation of derivatives. Derivatives were the exact weapons of mass destruction that killed the world economy in 2007/2008. Nope, we don’t need any more of Larry Summers. I have no idea who should be Fed Chair, but it can’t be and shouldn’t be Larry Summers. President Obama, just say NO!!!
In the history of the United States, there are very few companies that change because it’s the right thing to do. Looking back over the last century or so, we find that companies begin to pay workers more because they are pressured into it. I like the fact that fast food workers are trying to pressure their employers to pay them more money. They’re not making a living wage.
SNAP benefits are going to be cut. This is not good.