Robert Oak's blog

Must Read Posts for March 27, 2010

On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

Well, sometimes it's must watch. Below is Senator Ted Kaufman's Senate Floor speech, Ending Too Big to Fail. Sen. Kaufman does a call out on the woefully inadequate Senate Financial Reform bill.

 

2.4 million jobs lost due to China from 2001-2008

That's right. 2.4 million jobs lost in 8 years can be directed attributed to China.

Since China joined the World Trade Organization (WTO) in 2001, 2.4 million jobs have been lost or displaced in the United States as a result of the burgeoning trade deficit with that nation

Dr. Robert Scott, International Economist for the Economic Policy Institute, has a new paper, Unfair China Trade Costs Local Jobs and it's well researched, damning. The AAM has published the report in an easy scrolling presentation on the AAM website.

The research paper's bullet points are reprinted below:

Must Read Posts for March 20, 2010

On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The Altanta Fed blog looks at Gross Domestic Income (GDI) and notes it's correlation to GDP and this recession's divergence.

Friday Movie Night - Bigger Than Enron

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

 

Considering how Lehman Brothers is looking good to be the new Enron, revisiting memory lane on the last $200 billion dollar Wall Street debacle is in order. Amazing isn't it? Ten years later and all that has happened is we get to have new Economic Armageddons that are 100 times worse.

The documentary is Frontline's Bigger Than Enron.

Dodd's Dud

You may be wondering why you haven't seen a post overview on the latest Senator Dodd's Financial Reform Bill, Restoring American Financial Stability Act of 2010 (link has legislative summary and text). That's because, as usual, it's a dud.

Firstly a few summary points are listed here. The Huffington Post has a list of other criticisms, including the political on Dodd 2.0. Also, yet another New York Times op-ed points to the well known fact, putting the CFPA under the Federal Reserve will de facto kill consumer financial protection.

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