Someone asked the Master about the principles of … traveling into the vast inane. – From the Bao Pu Zi, AD 320, Joseph Needham, Science and Civilization in China Welcome […]
The best way to reduce the deficit is to put people back to work. For proof, compare the U.S. and Spain. The U.S. has witnessed slow growth since coming […]
The “sequester” – mindless, across-the-board spending cuts designed purposefully to be abhorrent to both political parties – now seems likely to go into effect on March 1. If not reversed, […]
Congress is taking this week off on the first of their spring breaks. The legislators will return to find only four days left before the first of the Republican Congress’ […]
Politico today features a story by Jennifer Epstein detailing 10 proposals from Obama’s previous State of the Union addresses that were mostly frustrated. The report begins with an […]
The president has little choice but to focus on the central challenge now facing the country – and his emerging progressive coalition today.
To force unpopular and wrong-headed cuts in Social Security and Medicare, the Republican House caucus used their retreat to line up new rounds of fiscal hostage-taking.
Despite nearly three years of growth, we have over 20 million people in need of full-time work. Wages are declining. This economy is not working for working people. To recover […]
The United States is in the midst of the most protracted unemployment crisis in modern history, and for vast segments of the population, the recession has never ended. Wages are […]
Holding America hostage is no way to negotiate a budget.
F. Scott Fitzgerald warned, “There are no second acts in American lives.” And for recent American presidents, second acts have been brutal. The hope of the first act succumbs to […]
The December Jobs Report is a warning to Washington: This economy is growing – with 155,000 new jobs and 7.
Washington is careening off the fiscal cliff smack into the debt ceiling. These mind-numbing mixed metaphors are not the currency of a well-governed nation. Once more, Washington is fixated on […]
Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House.
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]
Big Banks are famously too big to fail, too big to manage, and too big to prosecute. Now a recent report by the OCC details that they fail to […]
Wisconsin, Ohio, Indiana, Michigan — Republicans continue their assault on unions and worker solidarity – and America’s middle class gets mugged. Corporate profits are at the highest % of […]
Pressure for a deal to avoid the so-called "fiscal cliff" at the end of the year is building.
Upon rumors of purported “grand bargain” including $400 billion in cuts to Medicare, Social Secuirty and Medicaid, Rep. Keith Ellision. the leader of the House Progressive Caucus, just said NO: […]
Senator Dick Durbin, Senate Majority Whip and one of President Obama’s closest allies, laid out his principles for a deal in the current fiscal showdown today in a speech at the Center for American Progress. The nuanced speech was a revealing mixture of common sense and nonsense.
The following was originally published in The Nation. With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic […]
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning. —Warren Buffett In 2012, class warfare broke out in American politics. And […]
Washington is headed immediately into the fiscal showdown, with fierce pressure to use the arbitrary year-end deadline for the termination of various tax cuts and the automatic cut or sequester of some 9 percent of discretionary spending to force a grand bargain.
“The one word description of this election is spelled J-E-E-P,” said a friend early Tuesday evening. “This proves you can’t keep giving the finger to the American people and be […]
“Sometimes the dreamers are the only realists” Sen. Paul Wellstone 10 years ago today, a phone call brought the unimaginable news: Paul Wellstone, his wife Sheila, his daughter Marcia, three […]
“I agree,” said Mitt Romney, and so he did, with the same passionate intensity with which he previously scorned the president’s foreign policies from one corner of the country to another.
The broad American middle class is in trouble.
I am saddened to hear that progressive champion Sen. George McGovern is reported to be at the end of his days. He has lived a life nearly as large as his heart.
"When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less.
George Will calls for breaking up the big banks.
Joe Biden showed up for the debate.
Sen. Todd Akin calls for abortion on demand and free distribution of condoms. The CEO of Exxon decries global warming and demands an end to oil company subsidies along with new public investment in renewable energy. Arizona Sheriff Joe Arpaio calls for amnesty for undocumented workers.
The September jobs report is more of the same. We witness slow growth, with job creation barely at levels needed to keep up with workforce growth.
After last night’s tiresome presidential debate, President Obama’s supporters were replete with what Groucho Marks used to call “departee” – suggestions on what the president should have said. That’s a pretty good indicator about how the debate turned out.
As Wednesday’s presidential debate approaches, the pundits are starting to handicap the event.
The August job numbers -- a disappointing 96,000 net new jobs for the month – only reinforce the need for greater action on jobs. At this rate, new job creation is not sufficient to cover the people coming into the jobs market.
Last week, Federal Reserve Chair Ben Bernanke announced a dramatic new commitment of the Fed to keep long term interest rates low in the hope of boosting employment and economic growth.
What we have here is a failure to communicate. Poll after poll shows that voters are concerned most of all about jobs and the economy. Yet in Washington and on the campaign trail, attention has turned to deficits and how to get our books in order.