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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Washington: Into the Vast Inane

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 […]
Robert Borosage
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Deficit Reduction: From Pain or from Gain?

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 […]
Robert Borosage
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The Wrecking Crew Is Winning

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’ […]
Robert Borosage
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Washington’s Post-Fact Press Corps

  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 […]
Robert Borosage
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The State of the Union Stakes

The president has little choice but to focus on the central challenge now facing the country – and his emerging progressive coalition today.
Robert Borosage
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Smart Talk On The Next Austerity Disaster

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 […]
Robert Borosage
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Obama’s Second Act

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 […]
Robert Borosage
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Budget Bedlam: Common Sense in the Madhouse

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 […]
Robert Borosage
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An Ugly Deal

Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House.
Robert Borosage
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Sen. Merkley Blasts Too Big to Jail Policy on Big Banks

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 […]
Robert Borosage
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Big Banks: Another Crash Waiting to Happen

  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 […]
Robert Borosage
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