Last week, Jamie Dimon, CEO of the nation's largest bank, JPMorgan Chase, revealed that the bank had made a $2 billion-plus trading mistake. The bank has more than $2 trillion in assets and made a profit of about $20 billion last year. So it lost one-tenth of 1 percent of its assets and an amount equal to about 10 percent of its income for last year. No big deal, despite all the hand-wringing of the political and media class.

As the House Armed Services Committee works on the 2013 National Defense Authorization Act (NDAA), the undersigned organizations respectfully urge you and members of the Committee to support language to:

Joining 124 other organizations, WCOE has signed on to defeat the resurrection of the DISCLOSE Act which would require disclosure of all political donations by business owners and their key staff. 

This legislation, like its predecessors in the 111th Congress, is designed to chill the political speech of corporations, business interests, and others, while giving labor unions special protections. As discussed below, the bill does not propose genuine reform—its disclosure requirements are transparently political and ultimately unconstitutional.

 

Women Senators Olympia Snowe (R-ME) and Mary Landrieu (D-LA) have sent a letter to Senate leaders Harry Reid (D-NV) and Mitch McConnell (R-KY) urging bipartisan support of their jointly sponsored Small Business Tax Extenders bill, S.2050. In an attempt to keep election-year partisan politics out of something as important as helping small businesses during this turbulent economy, the women Senators are urging their colleagues to put politics aside and focus on small business owner needs.

But was not actually tried

Denial is leading to collective economic suicide in Europe and the United States. The French on Sunday elected a socialist president who wants to raise taxes on those elusive rich and keep spending as if there is no tomorrow.