2015 saw “the lowest number of bankruptcy filings for any 12-month period since 2007, and the fifth consecutive calendar year that filings have fallen significantly”
Krugman says the GOP establishment is determined “to take whatever didn’t work from 2001 to 2008 and do it again in a more extreme form”
The GOP’s debt ceiling demands are a composite Ryan budget, Koch policy meeting demands,”and ALEC social policy reform package all rolled into one ransom note, and the people are the big losers.
President Barack Obama and Senate Democrats are absolutely giddy today to be losing a procedural vote on Wall Street reform. Why are they so happy? If the Senate Republicans stand together and vote no, Democrats are prepared to rake them over the coals on the issue, as 2/3 of all Americans support financial reform. By being the Party of No, the GOP is painting themselves as the party of Pro Wall St.
Paul Krugman was on ABC’s This Week this morning, where he pulled no punches when discussing the GOP’s argument against Wall St. reform. He called, Mitch McConnell’s argument against financial reform as, “the most dishonest argument ever made in the history of politics, which is the claim that having regulation of the banks is actually bailing out the banks.”