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 […]
The May jobs numbers – with a net growth of 175,000 jobs – shows an economy that is treading water. There is no change in the unemployment rate or number […]
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 […]
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 […]
On Tuesday, a "sinkhole" suddenly sank in Washington D.C. three blocks from the White House. Not a metaphor, but a massive hole in the road as "long as a Ford Explorer," double the width of a train car and 17 feet deep.
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 […]
On July 1, interest rates on student loans will double. While the Big Banks enjoy rates of almost zero, students will pay 6.8%! Sen. Elizabeth Warren has introduced the Student Loan Fairness Act.Enter
The Senate campaign in Massachusetts will be close and hard fought. Ed Markey, the winner of the Democratic primary, knows he has to run a bare-knuckled, knock down, full bore […]
This week, President Obama will travel to Austin, Texas to call for action on jobs. The proposals the president put forth in his State of the Union address – investing […]
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.
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 — […]
“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 […]
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.
Dismal jobs production in March – only 88,000 net jobs created, not sufficient even to cover people coming into the workforce – is a wake-up call to Washington. The weak […]
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 […]
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 […]
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 […]
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 […]
Budgets are pure EGO – eyes glaze over. But this week revealed two budgets – Rep. Paul Ryan’s Republican “Path to Prosperity” 2014 budget and the Congressional Progressive Caucus “Back […]
On Tuesday, March 12, the Senate Banking Committee will begin review of the nomination of Mary Jo White to be chair of the Securities and Exchange Committee. The Committee should […]
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 […]
For years, the Obama Administration has been pummeled for failing to bring criminal charges against a single major Wall Street bank or a single leading Wall Street banker for what […]
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 […]
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 […]