Archive for the 'depression' Category
Penn/Nutter Budget Forums: Impressions of a Farce
It seems the only mainstream coverage of the last night’s bduget forum, the first of four, is on one of the daily News’ blogs, which speaks to the growing irrelevance of Philadelphia Media Holdings.
From the outset, I’ve been concerned that the forums were going to be an exercise in predetermined outcomes, as a friend who [...]
In Which I Call Goldman Sachs and Bank of America: Since You Didn’t Need the Money, Can We Have It Back?
yesterday we learned that the CEOs of Goldman Sachs and Bank of America told the House Financial Services Committee that they “did not feel like [they] needed the 15 billion” in bailout funds:
Lloyd Blankfein, CEO, Goldman Sachs: “I don’t necessarily think it was necessary at the time, but — and this [...]
BANK CEOS DROP BOMBSHELL: BAILOUT ACTUALLY NOT NECESSARY
I guess this means they’ll be giving the money back:
Lloyd Blankfein, CEO, Goldman Sachs: “I don’t necessarily think it was necessary at the time, but — and this was said at the time — they were looking ahead at an emerging recession that was going to get worse, and for prudential reasons, it was [...]
OPEN MEMO TO BLUE DOGS AND REPUBLICANS: NO IS NOT AN OPTION.
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The Democrats Angrily Stamp their Trotters
Jim Conte, art
This is rich:
As the country’s recession deepened, the government provided hundreds of billions of dollars of taxpayer funds to rescue the nation’s floundering banks. Now, lawmakers want to know how that money is being used: to increase lending to consumers or spent on executive bonuses, luxury jets, and posh trips to Las Vegas [...]
MAYOR NUTTER, DON’T CUT OUR SERVICES: TAX THE BANKS! THEY GOT US INTO THIS MESS TO BEGIN WITH.
Writing at Young Philly Politics, Stan Shapiro has some suggestion for the mayor in lieu of service cuts. One stood out:
The Business Privilege Tax. This is actually two taxes, one of which falls on business gross receipts, the other on net income. There are a number of ways to target this tax to fall more [...]
TOTAL RECALL IN PHILLY
California voters kicked out Gray Davis. Philadelphians can do the same with the Mayor.
well, well, well! Here’s an interesting little chapter of the Philadelphia Home Rule Charter:
Article IX.
REMOVAL OF ELECTIVE AND APPOINTIVE OFFICERS
CHAPTER 1
Recall of Mayor and Other Elective Officers
[snip]
CHAPTER 1
Recall of Mayor and Other Elective Officers
Section 9-100
Officers Subject to Recall.
Any person holding any elective [...]
MICHAEL NUTTER STILL ISN’T LISTENING, STILL FULL OF BALONEY
We’re now within days of starting a new city budget process in which I’ll be asking for citizen input, ideas and priorities BEFORE I put together a proposed budget to present to City Council.
In recent weeks, I’ve been talking at churches, barbershops and homes. I’ve talked to block captains and folks in diners. I’ve told [...]
UPENN: PHILADELPHIA TAX DODGER
Citizens/Groups to Challenge Mayor/Penn/WHYY on Budget Forums
Forums called Public Relations Ploy — “More rats or fewer libraries/stacked deck” campaign.
For Immediate Release
For additional information, please contact
Bob Bedard at (cell): 202.413.6638.
PRESS CONFERENCE — February 9, 2009 – 3 PM
DETAILS:
Leaders of organized groups and activist citizens, Monday, February 9, 2009, will hold a press conference challenging [...]
“Tough Times, Tough Choices”: Talk About Bogus!
Just the title of the Penn-sponsored budget forums “Tough Times, Tough Choices”, sets my radar off, as Philadelphians are set up to decide which programs we should cut, rather than how we can continue to pay for these essential services. A number of people I know have personal experience fighting what they called the University’s [...]
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