Robert Scheer

Robert Scheer

Robert Scheer is editor of Truthdig.com and a regular columnist for The San Francisco Chronicle.

Articles by this author

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Wednesday, April 01, 2009
In for a Penny, In for $2.98 Trillion
The good news on the government's "No Banker Left Behind" program is that according to the special inspector general's report on Tuesday, the total handout to date is still less than 3 trillion dollars. It's only 2.98 trillion to be precise, an amount six times greater than will be spent by federal, state and local governments this year on educating the 50 million American children in elementary and secondary schools. The bad news is that even greater amounts of money are to be thrown down what has to be the world record for rat holes.
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Wednesday, March 25, 2009
Obama’s Toxic Advisers
Bernie Sanders, the senator from Vermont who is independent in spirit as well as party label, has placed a hold on President Obama's nomination of Gary Gensler to head the Commodity Futures Trading Commission. Sounds like a minor issue to get worked up about, but the senator is right. Like most Americans, I am eager for Barack Obama to succeed, but I see this appointment as further evidence that the president has entrusted his economic policy to the wrong people.
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Wednesday, March 18, 2009
Perp Walks Instead of Bonuses
There must be a criminal investigation of the AIG debacle, and it looks as if New York's top lawman is on the case. The collusion to save this toxic company in order to salvage the rogue financiers who conspired to enrich themselves by impoverishing millions is being revealed as the greatest financial scandal in U.S. history. Instead of taking bonuses, the culprits should be taking perp walks.
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Wednesday, March 11, 2009
Socialism Without a Soul
Newt Gingrich is right: "It is European socialism transplanted to Washington." How else to describe an economy in which the government controls the entire financial center and is now supplying life support for the auto industry? That's on top of the existing socialist economy run by the military-industrial complex, which, thanks to George W. Bush, now absorbs upward of 60 percent of the non-entitlement federal budget.
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Wednesday, March 04, 2009
AIG: Billions Dished Out in the Shadows
This is crazy! Forget the bleating of Rush Limbaugh; the problem is not with the quite reasonable and, if anything, underfunded stimulus package, which in any case will be debated long and hard in Congress. The problem is with what is not being debated: the far more expensive Wall Street bailout that is being pushed through—as in the case of the latest AIG rescue—in secret, hurried deal-making primarily by the unelected secretary of the treasury and the chairman of the Federal Reserve.
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Wednesday, February 18, 2009
Good Money After Bad
The Republican-engineered controversy around the stimulus is a phony. The stimulus package that President Obama signed into law Tuesday is a modest effort, actually too modest, at arresting the free fall of the American economy. It's just not that expensive in light of the dimensions of the economic crisis, most of it is quite conservatively aimed at tax cuts for a suffering public and bailouts for beleaguered state programs, and it pales in comparison with the trillions wasted on the bloated military budget during the Bush years.
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Wednesday, February 04, 2009
Runaway Wall Street
It is instructional that only one of the three tax-challenged Obama appointees has survived public scorn to retain a high position in the new administration. Oddly enough, it is Treasury Secretary Timothy Geithner, the man who will collect our taxes, whose career has not been stunted by his failure to pay them.
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Wednesday, January 28, 2009
Economic Policy Could Scuttle Obama’s Good Start
Only a week into the new administration, and yet there is this nagging thought that Barack Obama's legacy already hangs in the balance. Sounds absurd, I know, given the brief time, but his early response to the financial meltdown is just that important. Despite a terrific start in so many directions, Obama is up against an economic crisis that, although not of his making, will, if handled improperly, spell his-and the nation's-undoing.
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Wednesday, January 21, 2009
Time To Get To Work
So, let's now heed the words of our new president and set aside childish things. Presumably that includes the $450 worth of designer Obama T-shirts that I got in return for a campaign contribution made two days before the election in a sudden panic that he yet might lose.
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