Barack Obama

The Obama White House continues to push for a settlement that would let bankers avoid being punished - or even investigated - for a wave of mortgage-related crimes that includes perjury, tax evasion, and several types of fraud.[1] more »

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In America, when gangs of bullies torment school children, pushing them around and extorting their lunch money, parents know only one response effectively counters the abuse: confrontation. Running, whining, negotiating -- none of that works.

For the past year, since Republicans took the majority in the U.S. more »

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Congratulations, Mr. President. This week you followed your increasingly populist rhetoric with some decisive action on behalf of the middle class. more »

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The other day I was asked what one single thing could do the most to save our economy. What one idea or tool might help us create a more just society? My answer was "shame." more »

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Our lives are defined by invisible wars, wars whose theater of combat is the human imagination. These economic and political wars are waged year in and year out, decade after decade, century after century.

Words are the weapons of choice in these wars, and the corporate-backed radical right adds new ones to its arsenal every year. This year was no different. From "entitlement reform" to "triggers," the corporate oligarchs couched their aggression in decoy language that made it possible for Democrats as well as Republicans to launch them on an unsuspecting public.

But something was different this year. This was the year that the people came up with some words of their own, outside the corporate- and billionaire-funded think tanks of conservatism. For the first time in many years, the right-wing warriors of language ran into heavy resistance. That's an important development that should be celebrated -- and repeated.

War of the Words

The corporatists own the Republican Party, and large swathes of the Democratic Party too. Most Americans disagree with their ambitions, but they've been so good at designing and using these linguistic weapons that the public hasn't had a chance. Major media journalists have used these words as mantras, while too many Democrats have embraced them for their own selfish purposes.

That's why they keep winning so many battles, no matter who's in power.

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(Author's Note: This post updates Part One of a series reviewing Warren Mosler's book: The 7 Deadly Innocent Frauds of Economic Policy. The updating is prompted by more »

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Here are three things to consider: more »

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No financial executives have gone to jail, despite an overwhelming body of evidence indicating that a group of organized "banker gangs" conducted a widespread Wall Street crime wave that made them rich and while throwing millions into poverty. more »

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This morning I appeared on KPFK's Uprising program with Sonali Kolhatkar to discuss the "payroll tax holiday" debate now going in the Senate. more »

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It's like the old-timers always said: Don't quit before the miracle happens.

While the Arab Spring showed that people can still accomplish the impossible, Our political debate was frozen in corporate cynicism. Now everything has changed. For the United States, spring came in autumn. Who says miracles don't happen?

Like a Prayer

A few months ago I prayed for something. Granted, it wasn't the kind of prayer that's sanctioned by any ecclesiastical authority. And, okay, maybe it wasn't exactly a "prayer." I guess the technical term for it would be "blog post." But trust me, it was a prayer.

I'd been asked to write something for the Fourth of July, and I wrote we have to fight a new war, a "war of independence from corporate politics." To be honest, those words felt Utopian even as I wrote them. Still, I never doubted them. The words were born out of the desperate sense that so many of us shared, a sense that our society is collapsing. And that it will keep on collapsing unless we change the way we think.

I wasn't arguing for any particular policy or platform. "The problem isn't just with politicians, or even the system," I said then. "The problem is dependence itself."

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