Author Archives: William Black

Trump’s Flack Says She Doesn’t “Resemble” Terrorists: Except this One

By William K. Black
January 30, 2017     Bloomington, MN

Maybe it is because I am part Irish, or because I am flying to Dublin this week to present at the Trinity Economic Forum, but Kellyanne Conway’s claim that though she does not “resemble” any “terrorist,” she has to go through security checks at airports, stunned me.  Given her name and looks, that struck me as a bizarre statement.  Surely, she must “resemble” some of the IRA terrorists.  It took me four minutes of research to find an Irish terrorist that she resembles.

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Not 4 Sale: A Principle and a Slogan for Real Democrats

By William K. Black
January 24, 2017     Bloomington, MN

Overview

This article explains three critical reasons why the Democratic Party’s leaders are far more insane than all but a few Democrats understand.  It focuses on the leaders of the Democratic National Committee (DNC) and the New Democrats.  The DNC leadership is composed of New Democrats.  Debbie Wasserman Schultz had to resign in disgrace when the leaks proved that she was putting the DNC’s thumbs on the scale to favor Hillary Clinton (a New Democrat) in the presidential nomination contest against Bernie Sanders.  Wasserman Schultz also took large contributions from big finance and, until she faced the prospect of a serious primary challenger, she supported efforts by predatory lenders to use Congress to bar the regulators from stopping their abuses.

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A Letter to Warren Buffett and Charlie Munger about Hiring Proven Whistleblowers

By William K. Black
January 17, 2017     Bloomington, MN

The Wall Street Journal recently published a summary of a study of “desired director traits.”

A survey of 369 supervisory directors from 12 countries by search and advisory firm Russell Reynolds Associates asked which behaviors they thought are most important to creating a board culture that drives effectiveness and company performance.

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The New Democrats’ Addiction to Austerity Will Not Die

William K. Black
January 16, 2017     Bloomington, MN

I know the Republicans are complete hypocrites about federal deficits and debt.  I know their dishonesty and faux deficit and debt hysteria, when a Democrat is president, harms the Nation and the world through the infliction of self-destructive austerity.  Austerity’s primary victims are the working class and government social programs for the poor and working class.  That means that the Democrats should never mimic the Republicans’ dishonesty, hysteria, and willingness to inflict austerity on the people of America and the world.

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IMF Board Response to Lagarde Conviction Reaffirms Institutional Indifference to Corruption

NEP’s Bill Black appears on The Real News Network. Topic of discussion is how the Legarde case reveals how power and money protect the elite. You can view the video below. If you wish to see a transcript, you can view it here.

White Collar Crime Will Have a Field Day Under Trump

NEP’s Bill Black appears on The Real News Network. Topic of discussion was that none of Trump’s economic picks – which now include three people from Goldman Sachs – were picked for their knowledge of economics. Video is below. You can view the transcript here.

The Democratic Party’s “Centrist” Leaders Remain Clueless

By William K. Black
December 12, 2016      Bloomington, MN

On December 10, 2016, a New York Times article entitled “Democrats Have a New Message: It’s the Economy First” that unintentionally revealed that the Party’s “centrist” leadership and the paper remain clueless about how to improve the economy and why the “centrist” leadership needs to end its long war against the working class.  This is how the paper explained the five “centrist” leaders’ framing of the problem.

It was a blunt, plain-spoken set of senators who gathered last Monday at the Washington home of Senator Heidi Heitkamp, Democrat of North Dakota, dining on Chinese food as they vented frustration about the missteps of the Democratic Party.

To this decidedly centrist group, the 2016 election was nothing short of a fiasco: final proof that its national party had grown indifferent to the rural, more conservative areas represented by Democrats like Joe Manchin of West Virginia, Claire McCaskill of Missouri, Joe Donnelly of Indiana and Jon Tester of Montana, who attended the dinner. All face difficult re-election races in 2018.

This non-centrist group was a gathering of five New Democrats.  President Obama self-identified himself as a New Democrat.  The Clintons and Al Gore are leaders of the New Democrats.  The leadership of the Democratic National Committee was, and remains, New Democrats.  On economic issues such as austerity, jobs, and full employment, the New Democrats are far more extreme than the (stated) views of Donald Trump.  The New Democrats are infamous for their close ties with Wall Street.  This means that the paper’s description of the Chinese nosh is as clueless as the five New Democrats kvetching about policy “missteps” that they championed for decades.  Of course, neither the paper nor the non-centrists mentioned that critical fact.  The blindness of the non-centrists to the fact that it is their policies that launched the long war by the New Democrats against the working class is matched by the blindness of the paper.

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Jobs, Jobs, Jobs – Not Austerity

William K. Black
December 5, 2016     Bloomington, MN

Bob Rubin and Alan Greenspan convinced the New Democrats, over a quarter-century ago, that the key to economic growth was to out-Republican the Republican Party in the fervency of their embrace of austerity.  This began the long war of the New Democrats against the working class that culminated in the loss of their candidate, Hillary Clinton, to Donald Trump.  Rubin’s and Greenspan’s support for austerity constitutes economic and political malpractice.  Austerity is the enemy of the general economy and the people of the world, but it targets for its greatest harm the working class.  As I have explained in earlier columns, Hillary was so devoted to austerity that she made it her major new policy theme in the closing weeks of her campaign – even as every poll warned her that she had enraged the white working class, a principal victim of austerity.

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Billionaire ‘King of Bankruptcies’ to Head Commerce Under Trump

NEP’s Bill Black appears on The Real News Network. “Despite promises to ‘drain the swamp,’ Trump chose a man for Deputy Secretary of Commerce who enriched himself at expense of labor and consumers and shipped jobs overseas.”

You can view the transcript here.

Trump Picks Ex-Goldman Banker Known as ‘King of Foreclosures’ to Head Treasury

NEP’s Bill Black appears on The Real News Network discussing Trumps choice for Treasury Secretary. “The joke’s on you if you thought Trump was going to do anything less than deregulate Wall Street,” says former financial regulator Bill Black

You can view the transcript here.