Out-of-touch millionaires with close ties to Wall Street have steered our economic policy for too long. As Larry Summers leaves the National Economic Council, President Obama should replace him with a real progressive who will stand up to the banks and fight for an economy that works for all Americans.

As many Americans suffer long-term unemployment, lose their homes, and wonder how they will pay for the groceries or the utility bill, an urge to find a scapegoat is increasingly common. And it is often Latinos and undocumented workers that are blamed for the nation’s economic ills.

Last night, Senate Republicans proved beyond any doubt that when it comes to the economy, they stand with Wall Street and against everybody else. Joined by lone Democrat Sen. Ben Nelson (D-NE), Republicans successfully filibustered the procedural technicality of opening debate on Wall Street reform. It’s an unmistakable ploy to kill the bill and collect campaign cash from bigwig bankers. The coming weeks won’t be pretty.

If there’s a social program left standing in the moonscape Obama’s Hamilton Project masters inflicted on America, Greenstone and the Project are there to ensure Obama nukes it.

If someone you care deeply about depends on Social Security – or will depend on Social Security – call them up today and tell them you love them. Because Team Obama has targeted Social Security…and your loved ones are just the MOTU’s version of collateral damage.

Deaths you can believe in, right?

Senate Republicans say they’re against both the bailouts and the Democrats’ proposed legislation to end them. They say that Sen. Dodd’s bill would “actually guarantees future bailouts.” It’s time for the Republicans to put up or shut up. Will they make Dodd’s bill better by breaking up the too big to fail banks and putting new rules in place that never let them get so big and systemically risky, or will they shill for Wall Street?

Accountability For Goldman Sachs is not on the agenda of the two parties in Washington D.C

Today’s banking industry is a far cry from the successful model that helped build the United States. The Dodd Bill does nothing to return the power to the people, or dismantle dangerous “Too Big To Fail” institutions.

by Zach Carter, Media Consortium blogger

Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break. Both political parties are gearing up for a major fight, and the stakes couldn’t be higher. An out-of-control banking sector has cost the economy over 7 million jobs since 2007, and without major reforms, Wall Street could repeat this disaster in just a few years’ time. But thanks to Wall Street’s lobbying might, all of the necessary reforms are currently in jeopardy.

If Wikipedia status means anything, it at least means an idea or word has been said enough times to become a meme. And so, after all my work and the work of thousands of people, normal and fancy, over the past year, the Big Four is at least a meme.

Republicans appear to have documents linking Ben Bernanke to a decision to give the backdoor bailouts at AIG despite staff recommendations. They are very specific about which documents show this and they want them made public. If they are made public before the confirmation vote, Bernanke is obviously in a lot of trouble. But there’s a much worse scenario.