Elizabeth Warren presents the best defense for the middle class. It is imperative she head the new agency that will ultimately defend consumers from the the practices of the banking and credit card industries. Far from being a crony to the financial kings, she has been the most vocal advocate of an agency dedicated to the interests of consumers.
Greed and the profit motive are slowly eroding the middle class. Real wages have stagnated while debt has increased for the average American family. Inside are the statistics suggesting this fearful reality.
President Barack Obama visited the Gulf Coast again this Friday to chastise BP for paying billions out in dividends and advertising to improve the public image while those affected by the oil spill were having difficulty receiving their claims. He also declared a moratorium on offshore deep oil drilling until a commission had found a way to safely drill this deep.
The elections on June 8 will feature several ballot measures as well as the party primaries for U.S. Senate, the House of Representatives, and State constitutional and legislative offices. What follows is a rundown of the propositions.
Mahmoud Ahmadinejad, President of Iran, criticizes the U.S. nuclear policy while stressing Iran only intends to use uranium for nuclear energy. India’s courts convicted one of militants responsible for the terror attacks in Mumbai. Chief of the Pakistani Taliban claims responsibility for the Time Square bomb but is probably lying.
The nonprofit environmental group SkyTruth warned that the growing disaster “could soon surpass the sorry benchmark 20 years ago set by the 11 million gallon Exxon Valdez spill.”
Environmentalists say the oil is likely to hit the delta and a series of barrier islands that have still not fully recovered from hurricane Katrina six years ago and which are home to more than 400 species.
BP was at the forefront of recent lobbying of the US government against stronger safety controls for offshore drilling.
Democrats failed to get the cloture vote, on Monday, which is necessary to proceed debate on a financial reform bill putting tougher restrictions on Wall Street. Based on the things they are opposing, it’s an easy sell to voters that Republicans are taking their orders from Wall Street.