from The Real News Network
Bill Black: Obama susceptible to attack by Romney because he failed to deal with systemic risk to financial system – even though Romney would be worse
from The Real News Network
Bill Black: Obama susceptible to attack by Romney because he failed to deal with systemic risk to financial system – even though Romney would be worse
Tags: 2012 elections, banking, Barack Obama, deregulation, Dodd-Frank, finance, Mitt Romney, presidential debates, regulation, Timothy Geithner, Wall Street
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Jeff Faux (Economic Policy Institute): The similarity of positions and Obama’s refusal to explain the real causes of the crisis gave the debate to Romney
Tags: 2012 elections, Barack Obama, Jeff Faux, Mitt Romney, presidential debates
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from Democracy Now!
In 2008, Barack Obama pledged to raise the minimum wage every year once elected, but the hourly rate of $7.25 hasn’t increased since 2007. Low-wage workers now make far less than they did four decades ago. Last week Illinois Democratic Rep. Jesse Jackson Jr. introduced The Catching Up to 1968 Act of 2012. It draws its name from the idea that the federal minimum wage would be $10.55 an hour now if it had kept up with inflation over the past 40 years. While the bill has about 20 co-sponsors so far President Obama has yet to endorse it. We speak to longtime consumer advocate and former presidential candidate Ralph Nader.
Tags: 2012 elections, Barack Obama, Democratic Party, economy, employment, HR 5901, Jesse Jackson Jr., jobs, legislation, minimum wage, Mitt Romney, Occupy movement, pensions, presidential debates, Ralph Nader, recall, Scott Walker, tax reform, The Catching Up to 1968 Act of 2012, U. S. House, U. S. Supreme Court, Wisconsin, www.timeforaraise.org
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Tags: 2012 elections, presidential debates, Republicans, Rick Perry
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