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Rebecca Lehrman's picture

Obama’s First Judicial Nominee Confirmed (5 Months Later)

Judge David. F. Hamilton was confirmed Thursday in the Senate to the Seventh Circuit Court of Appeals 59-39, after breaking a GOP filibuster Tuesday and persevering through a painstakingly delayed process. more »

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Don't You Think It's Time to Reinstate Glass-Steagall?

truthout.org — It's amazing how downright ebullient President Bill Clinton was at that signing ceremony on November 12, 1999 for the law that repealed the Glass-Steagall financial regulations. Those restricting, anti-competitive Depression era laws were finally behind us. Awesome. Fast-forward to now and most of us know how devastatingly expensive that signature was for the American public.

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Natasha Chart's picture

Progress on Texas Wind Energy Jobs

The dispute over whether or not a Texas wind farm receiving federal subsidies would source its components from a Chinese manufacturer has come to a more agreeable solution, with the partnering companies agreeing to open a 1,000 person turbine factory in the US more »

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Terrance Heath's picture

Easy Choices

Whether the Stupak amendment ends up in the final health care reform bill or is replaced by the more moderate compromises in the Senate bill, both the passage of the amendment and the almost immediate response that women and pro-choice progressives should "take one for the team" hold a lesson and a warning for both progressives and Democrats.

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Why I Support the Senate Health Care Reform Bill

openleft.com — Here is my blunt answer: 45,000 Americans die every year from lack of health insurance. The Senate bill reduces the number of people uninsured in this country by roughly two-thirds, thus potentially saving 30,000 lives a year. The House bill will reduce the number of uninsured by roughly 75%, thus potentially saving 36,000 lives a year. By no means does this solve the health care problems we face in America, but this is still a real achievement.

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The Afghan Speech Obama Should Give (But Won't)

tomdispatch.com — It's common knowledge that a president — but above all a Democratic president — who tried to de-escalate a war like the one now expanding in Afghanistan and parts of Pakistan, and withdraw American troops, would be so much domestic political dead meat. This everyday bit of ingrained Washington wisdom is, in fact, based on not a shred of evidence in the historical record. We do, however, know something about what could happen to a president who escalated a counterinsurgency war.

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The Big Squander

nytimes.com — Here’s the real tragedy of the botched bailout: Government officials, perhaps influenced by spending too much time with bankers, forgot that if you want to govern effectively you have retain the trust of the people. And by treating the financial industry — which got us into this mess in the first place — with kid gloves, they have squandered that trust.

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Harry Reid and What Happened To the Public Option

robertreich.blogspot.com — Our private, for-profit health insurance system, designed to fatten the profits of private health insurers and Big Pharma, is about to be turned over to ... our private, for-profit health care system. Except that now private health insurers and Big Pharma will be getting some 30 million additional customers, paid for by the rest of us.

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Why Not Tax Wall Street?

thenation.com — Washington is experiencing a rare and disorienting moment. Big ideas for financial reform that have languished for years are suddenly gaining momentum. Instead of taxing folks to clean up after reckless Wall Street bankers, why not tax Wall Street? Instead of tolerating behemoths regarded as "too big to fail," why not break them up before they do more damage to the country? The fact that these and other unsanctioned propositions are in play and even proposed by respectable figures indicates how deeply the established order has been rattled by the financial crisis. It also demonstrates that members of Congress who bailed out the bankers with public money are quite terrified of voter retribution in the next election.

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Intelligentsia Against Intelligence

truthdig.com — In the parlance of our times, the term idiocracy means a nation run by idiots — and the term idiot is defined by the dictionary as “an utterly foolish or senseless person” who exhibits “a mental age of less than three years old.” If there remained any flicker of hope that we aren’t turning into a full-on slobbering idiocracy, that hope was snuffed out last week by two of the Washington intelligentsia’s most respected voices.

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A Leap Forward to Better Care

washingtonpost.com — The nation stands on the verge of achieving fundamental health-care reform. For the first time in history, the House of Representatives has enacted comprehensive health-reform legislation, and the Senate has begun its own debate. These bills will provide a bedrock sense of security and stability for Americans who have health insurance, and quality, affordable options for Americans without it.

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Isaiah J. Poole's picture

Watchdogs And Lapdogs On Financial Reform

There was a major victory for accountability this week in the financial reform fight, but there was also a demonstration that when it comes to protecting the profits of bankers at the expense of ordinary people, no institution does it better than the Party of No. more »

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Creating the Jobs America Needs

huffingtonpost.com — While financial markets believe the great recession is over, millions of Americans continue to struggle. Unemployment is 10.2 percent and the more inclusive measure, underemployment, is at 17.5 percent. America's jobs crisis is both a short-term and long-term problem. Therefore, the Obama Administration faces both a tactical problem and a strategic challenge. Citizens need to have jobs as soon as possible but a sustainable recovery requires restructuring of the economy.

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Will Health Care Be Saved at the 11th Hour?

guardian.co.uk — Ahead of the Senate's first major test vote on health care reform, the Democrats who refuse to show their cards face a political paradox.

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A Devil of a Job for Democrats

prospect.org — Forget making everyone healthy and saving the polar bears. If Democrats can't solve the jobs problem, next year's elections will be an uphill battle.

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Bill Scher's picture

Progressive Breakfast: Fed Audit Clears Committee

The daily Progressive Breakfast serves up what progressive movement members need to know to start their day.

Paul-Grayson Fed Audit Plan Clears Committee

NYT on House committee vote repudiating Fed: "Mr. Paul, a libertarian Republican who has called for abolishing the Fed entirely, has introduced a version of his bill in every session of Congress since the early 1980s and never made any progress. But the Fed’s trillion-dollar efforts to bail out major banks and rescue the financial system provoked a popular firestorm that ignited both right-wing Republicans and left-wing Democrats. Mr. Paul’s amendment would instruct the Government Accountability Office, the investigative arm of Congress, to carry out audits of all the Fed’s operations. Those include an array of emergency lending programs, bailouts of giant financial institutions, dealings with foreign central banks and the central bank’s efforts to drive down interest rates by intervening in bond markets. Mr. Frank had already agreed that the G.A.O. should be authorized to audit all of the Fed’s rescue programs, but he had wanted to wall off the Fed’s more basic job of setting interest rates to steer the economy."

Vote on overall financial reform package stalled by Black Caucus members demanding more action on economy. The Hill: "Frank delayed the panel’s final vote after Congressional Black Caucus members said they would withhold their votes. 'It has nothing to do with the underlying bill,' said Steve Adamske, Frank’s spokesman. 'It has to do with larger economic issues with the African American community.'"

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Armand Biroonak's picture

Republicans Want the Status Quo for Student Loans

Representative John Kline (R-MN) and Senator Mike Enzi (R-WY) introduced legislation this week that keeps our broken student loan system in status quo, with corrupt private lenders and federal bank subsidies worth billions. more »

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Dave Johnson's picture

The One Thing That Will Help Restore U.S.-China Trade Balance

Have you heard of the U.S.-China Economic and Security Review Commission? Their job is to assess the national security implications of the trade and economic relationship between the United States and the People's Republic of China. Actually, that’s a big deal, especially now. more »

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Leo Gerard's picture

Hell if D.C. Didn't Offshore $849 Million in Stimulus for Windmills Already

It turns out a Texas windmill farm developer's request last month for nearly half a billion in stimulus funds to create 2,000 jobs in China doesn't rank first on the audacity scale.

Shockingly for American taxpayers, and sadly for the staggering 10.2 percent of Americans who are unemployed, it doesn't even rank second.

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Monica Sanchez's picture

Senate Bill as Expected: Not as Progressive as House Bill in Key Areas

Senator Harry Reid, the Majority Leader, has introduced the Senate's health reform bill. The Patient Protection and Affordable Care Act (H.R. 3590), is projected to reduce the federal budget deficit by $130 billion in the first 10 years. So how does the final Senate bill stack up against the House bill in the categories I discussed in my previous post ("House Health Bill Should Be A Model For The Senate")? Pretty much as expected.

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