Cuomo Wants to Privatize Penn Station; That’s a Bad Republican Idea

Richard Eskow

Richard Eskow Writer, Host, "The Breakdown;" Senior Fellow, Campaign for America's Future

New Yorkers face a “summer of hell”  as Governors Andrew Cuomo and Chris Christie seek to hand over the city’s historic Penn Station to private investors. This “hell” is the result of our leaders’ “bipartisan” reluctance to invest in needed government infrastructure.

Donald Trump is working with his fellow Republicans in Congress to enact a “privatization” program that could become the largest giveaway of public resources to private corporations in our nation’s history. (See Part 1 of this privatization series.)

Why wouldn’t they? Republicans claim to hate “big” government, and privatization – the dismantling of government and giveaway of publicly owned resources to corporate interests – has been a core part of the Republican agenda for years.  Unfortunately, a number of corporate-friendly Democrats have also embraced the idea.

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Republican Health Care Bill Cuts Your Medicaid

What's the Most American-Made Vehicle on the Market? Frank DuBois Has the Answer.

What's the most American-made car? One-time auto mechanic-turned-American University professor Frank DuBois created the Kogod Made in America Auto Index to find out. In this episode of The Manufacturing Report, DuBois chats with host Scott Paul about how he puts the list together — and why the American auto industry matters.

What They Want to Hide Tells You Who They Are

Liz Ryan Murray

Liz Ryan Murray Policy Director, People's Action Institute

The Treasury Department has released their report on financial regulations they want to scrap. Spoiler alert: the Wall Street sharpies who Trump put in charge of our economy, who made fortunes on both ends of the housing collapse, think pretty much all regulations on banks, including home lenders, should go.

Photo credit: U.S. Department of the Treasury

This report was driven by Craig Phillips, who packaged and sold billions in bundled home loans for Morgan Stanley before he moved over to hedge fund giant BlackRock. His boss is former Goldman Sachs executive Steven Mnuchin, who made his bones by aggressively foreclosing on homeowners at IndyMac after the 2008 financial meltdown.

These guys think we should go a lot easier on the poor, poor megabanks, who’ve suffered enough, and toughen up on the real culprits – middle-class families.

First, they want to make the financial system less safe for consumers by repealing the Volcker rule, so banks can gamble with their depositors’ money. They also want to ease up on the “stress tests” put in place after 2008 to make sure big banks don’t fail and take the whole economy down with them.

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#AmericaSpeaksOut on Trumpcare