Greenspan: “Shocked Disbelief”

It marks the end of an era. Alan Greenspan, the maestro, defender of the market fundamentalist faith, champion of deregulation, celebrator of exotic banking inventions, admitted Thursday in a hearing […]
Robert Borosage
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Greenspan’s Revisionist History

Former Federal Reserve Chairman Alan Greenspan today engaged in an attempt to rewrite history that was so egregious that even CNBC anchor Mark Haines, a free-market cheerleader, was aghast. The […]
Isaiah J. Poole
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The Meek Shall Not Inherit

In my work-related news reading this morning, I came across an interesting take on Obama’s exchange with “Joe the Plumber.” The truth is that Obama in Ohio spoke the language […]
Terrance Heath
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Conservatives: Addicted To Misinformation

After Gov. Sarah Palin’s nomination acceptance speech, I remarked it was a “sad night for conservatism,” as the wildly received speech exposed the conservative leadership’s desire for snide insults over […]
Bill Scher
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In Paulson We Trust

Focused on the election? Might be a good idea to watch your pockets at the same time. Here’s a glance at what’s happening to the Wall Street bailout. Hank Paulson […]
Robert Borosage
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Americans See Health Care as a Right

In the second presidential debate, moderator Tom Brokaw asked the candidates whether health care is a privilege, a responsibility, or a right. John McCain answered privilege, while Barack Obama said […]
Alan Jenkins
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Meet Joe the REAL Plumber

Sen. John McCain, meet Joe the plumber. Unlike Samuel Wurzelbacher, Joe’s given name is…Joe. And, unlike Wurzelbacher, he’s a licensed plumber. Joe Moenck, a plumber in Zumbrota, Minn., is a […]
Tula Connell
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If The Market Won’t Push For Clean Energy, Government Must

Yesterday’s Washington Post headline posed the question, “As Fuel Prices Fall, Will Push For Alternatives Lose Steam?” The weakening “push” referred not to public policies but to market forces, as […]
Bill Scher
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Bernanke’s Stimulus Embrace Isn’t Stimulating

Federal Reserve Chairman Ben Bernanke’s statement before the House Budget Committee that it was “appropriate” for Congress to consider an economic stimulus package when it returns after the elections is […]
Isaiah J. Poole
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Weekend Watchdog Wrapup

It was a pretty big news weekend. And even though guessing what a particular Sunday show guest would be asked was a "no-brainer," it’s tempting to score a 2-for3 weekend […]
Terrance Heath
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Weekend Watchdog

Every Friday in our Weekend Watchdog feature, we post suggested questions for scheduled Sunday guests. You can add your own questions in the comment thread. We’ll also include contact information […]
Terrance Heath
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Smearing Tax Cuts as Handouts

I never thought I’d see the day when conservatives would do a smear job on tax cuts. I had a, shall we say, lively discussion with conservative Town Hall blogger […]
Bill Scher
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The Horror of It All

Peering fearlessly into the increasingly likely terror of a Democratic President with larger Democratic majorities in both houses of Congress, the Wall Street Journal editorial page sums up the stark […]
Robert Borosage
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Open Enrollment Eye-Opener

On the heels of an explosive political document that has been hitting millions of mailboxes of potential voters— third-quarter 401(k) statements showing how much the Wall Street meltdown has hurt […]
Isaiah J. Poole
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Would Joe Get a Tax Increase At All? (Or a Tax Cut)

Dean Baker notes that the “giant” tax increase Joe the Plumber fears would prevent him from buying a $280,000 plumbing business would amount to, at most, $900: Mr. Wurzelbacher says […]
Bill Scher
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The Guy Who Called It Right

Nouriel Roubini is one of the few economists who warned about the housing bubble and predicted the financial collapse before it occurred. His alarms — dismissed as extreme by Wall […]
Robert Borosage
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Are We Moving Ahead — or Heading Back?

Our fellow Americans, at long last, are getting it. Not only is the Age of Reagan over; it’s becoming increasingly clear that the entire post-WWII order has come to the […]
Sara Robinson
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Missing From The McCain Comeback Plan: Straight Talk

Sen. John McCain is losing. He said so himself in his speech yesterday. Candidates don’t usually admit such a thing, so that qualifies as straight talk. But most voters don’t […]
Bill Scher
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The Next Fight

Hey, “my friends,” about the economy? “How about a little straight talk?” All that palaver about cutting spending, balancing the budget? Ruinous. Can’t happen. We’re going to have to borrow […]
Robert Borosage
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A Dangerous Plan for Health Care

The global financial crash of the past few weeks has hammered home what should be common sense: A free market needs reasonable rules that safeguard the public interest. When you […]
Roger Hickey
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Bold vs. Incremental: The Debate Shifts

Five years ago, I interviewed now-Nobel Laureate Paul Krugman for LiberalOasis.com, and I asked him about his past support for NAFTA-style trade and globalization. He responded: I have to say […]
Bill Scher
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Weekend Watchdog Wrap-Up

While the financial crisis did lead to much substantive discussion yesterday, the Sunday shows still go 0-for-3 for the Watchdog. George Stephanoulous on ABC’s This Week asked former Treasury Secretary […]
Bill Scher
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Weekend Watchdog

Every Friday in our Weekend Watchdog feature, we post suggested questions for scheduled Sunday guests. You can add your own questions in the comment thread. We’ll also include contact information […]
Bill Scher
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The Voter Fraud Lie: ACORN Fights Back

The rabid right has turned up the volume on their insidious accusations that ACORN is engaging in voter fraud. But the executive director of ACORN is fighting back with a […]
Isaiah J. Poole
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Economic Crisis Beats Racial Divisiveness

Perhaps the first sign that racism may not play a determining role in the general election was when the McCain campaign gave up on Michigan. President Bush lost the severely […]
Bill Scher
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Ten Sacrifices We, and the Next President, Will Face

At Tuesday night’s debate, the presidential candidates were asked a question that I believe deserves much more attention. “BROKAW: Sen. McCain, for you, we have our first question from the […]
Greg Colvin
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Joe Sixpack Demands Answers From McCain & Co.

Sarah “Joe-Sixpack” Palin pulled her labor union roots out of the frozen Alaskan soil and started shaking them at normally union-allergic Republican crowds from the day John McCain announced her […]
Leo Gerard
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Depression Conditions That Demand A New Deal Response

The economy that conservatives until a few weeks ago were calling “fundamentally sound” is actually, in many respects, in the worst shape it’s been in since the Great Depression, according […]
Isaiah J. Poole
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The One-Sided Idea War: The Economy

A consensus is growing that Sen. John McCain’s slippage in the polls is the result of not saying much on the economy, and he needs a big economic idea to […]
Bill Scher
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Chickens Home to Roost

While the recently passed bailout bill may or may not help to stabilize the credit markets (and on Monday it looked as if it may have in fact made it […]
Leo Gerard
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The Real Economy Strikes Back

So much for the $700 billion bailout of Wall Street. Stocks are tanking across the world. Clearly, once the bailout passed, investors took a good look at the real economy […]
Robert Borosage
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Pre-Inventing History

You’ve got to admire the conservative echo chamber. In the shadow of a financial meltdown that McCain and Obama both (correctly) agree stemmed largely from a lack of governmental oversight […]
Alan Jenkins
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Weekend Watchdog Wrapup

Well, it looks like another 0-for-3 weekend for the watchdog, as most of the questions focused less on the economy and more on the presidential race and campaign tactics. Michigan […]
Terrance Heath
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Postcard from Wasilla

Jonathan Raban, writing in the London Review of Books, gives us a keen insight into what happens when you let conservatives build cities: Present-day Wasilla is Palin’s lasting monument. It […]
Sara Robinson
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Weekend Watchdog

It’s been a nail-biter of a week, as the nation’s attention rocketed between the bailout wranglings on the Hill (Will there or won’t there be a bailout package? There is.) […]
Terrance Heath
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Cox And The Right Set Up Wall Street’s Fall

In 2005, our co-director Robert Borosage warned readers about the travesty of appointing Christopher Cox to the Securities and Exchange Commission. Business Week described corporate lobbyists as “almost giddy” at […]
Isaiah J. Poole
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