The Tea Party Routed; the Next Crisis Set for December

The Republicans finally caved. The Tea Party zealots have been routed. But the beatings haven't stopped; they've only been suspended. The deal that reopens the government sets the date for the next contrived crisis two months from now.
Robert Borosage
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Misdeal: Setting up the Next Showdown for January

With America on the verge of defaulting on its debts, Senator leaders are reportedly near a deal. It ends the Tea Party's hostage crisis, but schedules the next one only three months from now.
Robert Borosage
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Summers’ Withdrawal from Fed Candidacy a Progressive Victory

When Washington went to the beach, progressives opposed to the Summers nomination organized. What is clear now is that the Democratic wing of the Democratic Party is willing and able to challenge its Wall Street wing.
Summers’ Withdrawal from Fed Candidacy a Progressive Victory
Robert Borosage
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Common Sense for the Manufactured Budget Crisis

Republicans are gearing up once more to hold the nation hostage over the budget. As the melodrama and posturing rev up, here is a common-sense field guide for the self-inflicted crisis.
Robert Borosage
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Summers’ Time: The Record That Should Keep Him Off The Fed

The “boys club” that dominates Obama administration economic policy is all in for Larry Summers. The divide between Summers' critics and the insiders dramatizes the looking-glass world that is today’s Washington.
Summers’ Time: The Record That Should Keep Him Off The Fed
Robert Borosage
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All-In Nation

Most babies born in the U.S. today are of color. In three decades, more than half of our population will be people of color. Yet, even as diversity is our future, growing racial disparity is our reality. People of color are disproportionately poor.
Robert Borosage
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Jobs Report: Slow Growth and No Relief

The Bureau of Labor Statistics reports a net gain of 162,000 jobs for July, somewhat below the slow growth we’ve witnessed over the past months. The decline of the official […]
Robert Borosage
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Obama: Revive the American Dream

In a speech delivered at Knox College in Illinois, President Obama launched his final campaign: a campaign to revive the American Dream.  The speech, less eloquent and windier than the best […]
Robert Borosage
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Obama’s Jobs Challenge

Today President Obama will travel to Illinois to turn attention back to jobs and the economy. He does so amid an economy that is still in trouble. Mass unemployment continues […]
Robert Borosage
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Protest the Student Loan Misdeal

Reports are that a student loan deal is in the works, with a vote as early as today.  If consummated, it will have bipartisan support in the Senate and the […]
Robert Borosage
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Bernanke to Congress: Stop Killing Jobs and Growth

In his congressional testimony yesterday, Federal Reserve Chair Ben Bernanke called out the Congress, telling them to stop the reckless and mindless spending cuts that are killing jobs and growth.  […]
Robert Borosage
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Republicans Nix Food Stamps: This Is Who They Are

Conservative Republicans have turned the farm bill – normally a bipartisan grotesquerie of agribusiness subsidies and excess – from legislation to identity politics. They wanted to make a statement, even […]
Robert Borosage
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Student Loans: Gouge The Kids

Interest rates on student loans will double to 6.8 percent on July 1 unless Congress acts. But it seems increasingly likely that the Congress will take off for the Fourth […]
Robert Borosage
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The Economy Can’t Recover If the Workers Don’t

Can the economy recover if workers don’t? Federal Reserve Chair Ben Bernanke yesterday suggested as much, but investors were clearly skittish. Bernanke announced that while the Fed would continue its […]
Robert Borosage
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Succor the Banks; Gouge the Kids

The U.S. Congress votes readily to subsidize the big banks to our peril. The Congress lavishes subsidies to Big Oil to our shame. Congress allows Big Pharma to help health […]
Robert Borosage
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Democrats Must Overcome Clinton Nostalgia

Democrats now delight in watching Republicans flounder as they try to free themselves from the failures of President George W. Bush and the extremes of the Tea Party. But the […]
Robert Borosage
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Time To Invest In Students, Not Just The Banks [VIDEO]

Thursday on Bloomberg Television, Robert Borosage made the case for Sen. Elizabeth Warren’s Bank On Student Loan Fairness Act, which would set student loan interest rates at the same rate […]
Robert Borosage
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The Democratic Dilemma: It’s Still the Economy

Democrats are enjoying the spectacle of Republican disarray. All of Washington is sinking in popularity, but Republicans rank lowest in public esteem. The old wedge issues – guns, gays, racial division, the war on women – now bolster Democrats.
Robert Borosage
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Springtime Blues: The April Jobs Report

The April jobs report of the Bureau of Labor Services is sobering.  The mediocre jobs number  – 165,000 new jobs or barely enough to cover new entrants into workforce — […]
Robert Borosage
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Repeal the Sequester: It is Dumb and Damaging

“Spending cuts hold back US growth,” warns an across the page headline of the conservative Financial Times. No surprise there. Americans are in trouble.  Wages are losing ground.  Over 20 […]
Robert Borosage
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Is Obama’s Budget a Misguided Mission Statement?

The President's budget is less a blueprint for government than a statement of purpose from the administration. In this divided government, it is already “dead on arrival.” For all of its volumes and detail, it is at best a list of priorities. And there it is distinctively disappointing.
Robert Borosage
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The Rising American Electorate Sinking Together

The “rising American electorate” is the name given to the core of the Obama electoral majority of the young, single women, and minorities.   Democratic pundits suggest that this coalition essentially […]
Robert Borosage
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Health Care Costs: The Rip Off That Bankrupts America

The International Federation of Health Plans has depicted our ridiculous health care system in 21 graphs. We don’t get more health care; we just pay more — much more. And […]
Robert Borosage
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2014: The Democrats’ Dilemma

Washington has been fascinated by Republican self-laceration since the 2012 election. Karl Rove triggered a circular firing squad by vowing to take out unwashed challengers in GOP primaries. Louisiana Governor […]
Robert Borosage
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The Budget Vote: Who Stands With the Middle Class?

As early as today, the members of the House of Representatives will choose.  At a time of mass unemployment and slow growth, they will vote for more austerity or for […]
Robert Borosage
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Jobs Report: We Are Still In A Jobs Recession

Today’s employment report from the Bureau of Labor Statistics – an additional 236,000 jobs in February with unemployment edging down to 7.7 percent – reveals an economy that keeps chugging […]
Robert Borosage
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Raise the Roof to Raise the Floor

Today, Senator Tom Harkin and Representative George Miller offer a ray of light amid the austerity blight in Washington.  They are announcing introduction of a bill – the Fair Minimum […]
Robert Borosage
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