Wall Street is buzzing about the annual report just put out by the Dallas Federal Reserve. In the paper, Harvey Rosenblum, the head of the Dallas Fed's research department, bluntly calls for the breakup of Too-Big-To-Fail banks like Bank of America, Chase, and Citigroup.
Secretary of Agriculture Tom Vilsack's inaction has led to the near-destruction of American family ranchers. Over 17,000 family ranches will disappear this year. Over 100,000 family ranchers have left the profession since 2009.
Is it time for everyone who is not a Republican to start screaming and running through the streets carrying torches so we can root out, and do serious harm to, any and all Republican politicians and GOP appointees? I say, Yes it is. In fact, it is way past time.
If “Fighting Bob” were alive today, he’d be howling in the Capitol. A hundred years before the Tea Parties, Senator Bob La Follette of Wisconsin was the original Republican insurgent. In the early 1900s, he led a grassroots revolt against the GOP establishment and pioneered the ferocious tactics that the Tea Parties use today—long-shot primary challenges, sensational filibusters, uncompromising ideology, and populist rhetoric. But there was a crucial difference between La Follette and today’s right-wing insurgents: “Fighting Bob” was a founding father of the progressive movement.
Read an excerpt from my new book, Unreasonable Men, at the Atlantic