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This morning’s Wall Street Journal headline reads, “Panel Rips Wall Street Titans.” At yesterday’s first meeting of the Congressional Financial Crisis Inquiry Commission, finance industry CEOs sheepishly acknowledged their role in driving the economy over a cliff.
Watching the commission hearing, however, I…
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Tags: 2 thessalonians 3, AIG, alan greenspan, anxiety, Bible, Books, business, campaign contributions, Capitalism, collateralized debt obligations, common good, common security, Congress, credit default swaps, Debt, economic crisis, Economics, employment, equality, faith communities, financial crisis, Finding Our Way in the New Economy, goldman sachs, Great Recession, greed, Housing, housing market, Idolatry, individualism, investment banks, jim wallis, Labor, lehman brothers, Main Street, market, money, mortgage backed securities, mortgage loans, philosophy, Poor, recession, romans 12, sin, small group, tradition, unemployment, values, Wall Street, wall street journal, wealth
Earlier this year, I wrote an article in Sojourners about Common Security Clubs: a mini-movement of people coming together in churches, community centers, and union halls to help each other understand and cope with the economic crisis.
After it was published, more…
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Tags: Black Churches, church, common good, common security, common security club, Community, congregations, Debt, Economic, economic crisis, Economics, Education, equality, financial instability, Health, health care, Immigrant, inequality, job, neighbor, Organizers, Politics, Poverty, security, security club, service, shame, solidarity, stimulus, system, unemployment, union, Wall Street, wealth
Where are the prophetic voices on the topic of taxation this April 15?
In 2001, President Bush pressed for massive tax cuts including abolishing the federal estate tax, our nation’s only levy on inherited wealth. The highlight of that April 15,…
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Tags: bailout, budget, budget cuts, business, business leaders, Campaign, common good, Debt, Economic, economic crisis, economy, federal estate tax, health care, infrastructure, jim wallis, middle class, mobilization, Mobilization to End Poverty, money, Politics, Poor, Poverty, President, President Bush, President Obama, Prophetic, rich, sin, stimulus, tax cut, tax responsibilities, tax shift, Taxes, taxpayers, Vote, wage, Wall Street, wealth, wealthy, weapons, weapons systems
After three decades of “concentrate the wealth,” we could really use some “spreading the wealth.”
Some pundits and politicians have pounced on Barack Obama’s statement to the iconic Joe the Plumber that a healthy society “spreads wealth around.” They dangle this…
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Tags: Barack Obama, consumption, Debt, Economics, economy special focus, Education, equality, gi bill, History, inequality, John McCain, middle class, mortgages, Poverty, wealth, wealthy
The Bush administration believes this should be a “time of Jubilee” for Wall Street speculators, a time of debt forgiveness. But the current proposal would only place additional debt shackles on the next generation.
There is no confession of error or…
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Tags: bailout, bush administration, Corporations, Economics, economy special focus, greed, henry paulson, money, rich, Taxes, treasury secretary henry paulson, Wall Street
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