Tag: Tom Ferguson

This is the second in a series of interviews with Political Economist Tom Ferguson. Yesterday we saw him saying that the stimulus program was far too small, a much larger one is still needed, and predicted that the Democrats must start a new jobs program to bring economic growth to the bulk of the population or face losing badly in the 2010 mid-terms.

Today he continues his talk with Paul Jay and says that the Obama Administration asked for too little in the banking bill, nothing is preventing another banking crisis, the big players in the banking industry are writing their own regulations and colluding against the public to profit from every boom and bust cycle at your expense. The Federal Reserve must be reined in.

Thomas Ferguson is a political scientist and author who studies and writes on politics and economics, often within an historical perspective. He is a Political Science professor at the University of Massachusetts Boston, a contributing editor of The Nation, and is also the author of several books, the most recent of which is Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political System.

Back in April 2009 Ferguson was interviewed by Real News CEO Paul Jay, and at the time called the Obama/Geithner/Summers economic/stimulus plans a “recipe for disaster”.

Today, Ferguson again talks with Jay, and with the hindsight of the past 7 months now says that the stimulus program was far too small, a much larger one is still needed, and predicts that the Democrats must start a new jobs program to bring the economic growth to the bulk of the population or face losing badly in the 2010 mid-terms.

Crossposted from Antemedius

Thomas Ferguson is a political scientist and author who studies and writes on politics and economics, often within an historical perspective. He is a Political Science professor at the University of Massachusetts Boston, a contributing editor of The Nation, and is also the author of several books, the most recent of which is Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political System.

Today, in the fourth of a series of interviews with Real News CEO Paul Jay, Ferguson calls the Obama/Geithner/Summers plan a “recipe for disaster”.

Note: I believe this interview was done before the G20.