Two weeks ago we called on top housing finance regulator and Bush administration holdover Edward DeMarco to reduce mortgage principal for struggling homeowners. “Move or be removed,” we said. Thousands of you responded.
Key voices on Capitol Hill today echoed the message that underwater homeowners need the principal on their mortgages reduced, and that the government official responsible for keeping that from happening should either change his position or step down from his post.
Edward DeMarco is the beleaguered bureaucrat in charge of an agency called the Federal Housing Finance Agency. And because the FHFA is now managing Fannie Mae and Freddie Mac, DeMarco's in charge of most American mortgages. He's been the target of resignation demands for weeks.
I should start giving a false equivalence award. Today I have for you a glaring example. In a column about how Romney lies, a DC-elitist pundit tells you that Obama lies, too.
Picture this: You're driving down the road one rainy day as someone bearing an uncanny resemblance to Mitt Romney approaches you from the other direction in a Cadillac. One of you hydroplanes and there's a collision.
The 99% Spring movement is starting to make itself heard at corporate shareholder meetings around the country. And next week it really gets started and will be big. (I'll be reporting from the GE shareholder meeting next week in Detroit.)
When President Nixon went to China in 1972, manufacturing was 22 percent of the nation's economy. It was still 20 percent of the nation's economy eight years later when China was granted most-favored-nation trading status.
Congressman Raul Grijalva has introduced The Border Infrastructure and Jobs Act of 2011.
Good Lord, what is the matter with people? There are millions of jobs that need doing, and millions of unemployed. How hard is it to figure out what to do?
Just as public works projects launched by FDR put millions of unemployed people to work during the Great Depression, the Obama administration has pushed to invest billions in public works projects to create jobs for millions of today’s unemployed.
The House of Representatives this afternoon scheduled a vote on a three-month, stopgap transportation funding bill, as conservatives struggle to decide what sort of long-term transportation plan it is willing to put on the House floor for a vote.
Take a good look at Europe—bloody riots in Athens and Madrid, rising unemployment, spreading poverty and suicide, and a deepening re
Originally posted at Capital Gains and Games. If you weren't convinced that anything related to the federal budget on Capital Hill is completely nuts this year, just think about these three things, all of which are happening this week:
The Obama Administration worked for months on a deal that would have let America's biggest banks off the hook for a crime wave of runaway mortgage fraud.
For-profit colleges and universities have a well-deserved reputation for deceptive recruiting, low-quality programs, and sky-high prices.
House Republicans can call their budget a "Path to Prosperity" all they want, but as far as the American Majority is concerned, it's a path to political defeat for the politicians who support it—if progressives make the right arguments in favor of an alternative that grows the economy and protects...
President Obama and many Democrats spent much of 2011 talking about deficits instead of doing something about jobs.
This is why I'm skeptical of the "lower the rates, flatten the base" comprehensive tax reform of which all the Village and the White House is so enamored.
AT&T looks to be shooting for a double-bad award right now.
Today, as millions of Americans have coalesced to demand the wealthy to pay their fair share of taxes, one crusader, pledge in hand, stands in the way: Grover Norquist.
The NLRB made a rule that makes it easier for unions to organize by speeding up the process.
Let's face it. The subject of taxes intimidates a lot of people, and it can be an understandably touchy subject. So we won't inundate you with charts, graphs, and tables to tell you why the rich are getting away with murder on tax day.
Lookee, lookee here:
Some companies are learning that supporting hyper-partisan groups can backfire when their customers find out about it.
For such a buttoned-down candidate, Mitt Romney is not very good at keeping secrets.
President Obama's 2011 income tax documents showed on Friday that he paid a significantly higher rate than the significantly richer Mitt Romney, highlighting the titanic level of tax shirking committed by far too many 1 percenters. President Obama paid 20.5 percent on earnings of $789,674.
So a corporate Democratic lobbyist named Hillary Rosen made a gaffe about Ann Romney's resumé. So what? The reality is that Moms of all ages have been wounded by an obsolete and misguided consensus among Washington elites - a consensus that is too often mislabeled as 'centrism.'
Even rich people sooner or later have to drive over bridges. So why aren't the wealthy screaming about America's inadequate — and increasingly unsafe — basic infrastructure?
Senate floor debate is happening right now on the Buffett Rule, with a procedural vote expected later today.
This past weekend, tens of thousands of people participated in what amounted to the largest effort to train progressives in nonviolent direct action in recent history.
As I write this, little more than a 2.
So a reporter standing outside on the sidewalk at a Mitt Romney fundraiser overheard the pitch. And guess what? Mitt's openly telling people that his campaign is dishonest:
The Senate is scheduled today to vote on Sen. Sheldon Whitehouse's "Paying a Fair Share Act of 2012," which seeks to enshrine into law the "Buffett Rule" that millionaires and billionaires should not be paying taxes at a lower rate than the people who work for them.
President Obama has been pushing policies to boost American manufacturing.
This story about the potential merging of the Republican Super PACs is downright chilling:
The sweetheart deals just keep coming. Lawbreakers at one bank after another are let off the hook as their shareholders write a check. And then they go out and repeat the illegal behavior they promised not to do in the last settlement.
New Jersey Governor Chris Christie is the embodiment of today's Republican Party and everything it has come to represent.
This will make you long for the mythical days of "liberal media bias." A news story in The Washington Post this morning bashes the current debate around the Buffett rule in a classic case of conservative media bias.
Notice something odd about the conservative excuses for opposing the Buffett Rule? ***
Today the Western world is divided between two visions of our economic future.