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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Mad Money

I have a confession to make. I’ve been trying to grasp the national global economic situation. I even constructed a (popular and recently updated) timeline. But I didn’t feel I […]
Terrance Heath
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Meltdown Timeline, Updated

Yikes! I realized that the Meltdown 2008 timeline needed updating, with all that’s gone on this week. And when I logged in to add new events I discovered my timeline […]
Terrance Heath
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The Bribe So Far: $151 Billion

In the unsanitary sausage kitchen that is Congress, the bailout bill that the Senate approved Wednesday night is particularly ugly and smelly. Must vote-buying be so shameless in the midst […]
Isaiah J. Poole
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This Bailout Is Still A Bad Deal

The Senate voted overwhelmingly to pass a bad bailout bill last night. Nothing to kick-start the real economy, except tax breaks for business. No help for homeowners.. No mandate for […]
Robert Borosage
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A Media ‘Disaster’ Of Games, Gaffes and Gotchas

A new report released this week adds some statistical weight to what dismayed us about the media’s performance during the 2008 primary debates: The media failed to engage the candidates […]
Isaiah J. Poole
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Happy Energy Freedom Day! … Uh, Where’s The Party?

Today, the ban on most coastal drilling has officially expired. Conservatives planned to claim this day as “Energy Freedom Day.” But the celebration seems awfully quiet. Conservative politicians, who went […]
Bill Scher
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Firing Back on the CRA Libel

Conservative pundits and politicians have piled onto the excuse like shipwreck victims clinging to a passing log: The real blame for the current economic crisis lies not with anything they […]
Sara Robinson
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A Progressive Plan for Health Care

Long before anyone had been nominated or elected, the voters of 2008 had gotten one message across loud and clear: Fix our dysfunctional health care system! For obvious reasons (and […]
Roger Hickey
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The One-Sided Idea War: Newt Edition

The one-sided idea war continues. Last week, it was evident that while progressives were bursting with fresh ideas to get our deregulated derailed economy back on track, conservatives were running […]
Bill Scher
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Prisoners of War

On September 29, Congress revolted against the $700 billion price tag of the proposed bailout of Wall Street. The day before, that same Congress passed without murmur—unanimously in the Senate—a […]
Robert Borosage
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Sweeten the Deal

The bailout package failed. Republicans didn’t line up behind their leadership, unconvinced about the size, the urgency or even the rightness of rescuing tycoons from their own mistakes. Congress may […]
Eric Lotke
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After the Revolt

The fix was in. The leadership of both parties in Congress, both major presidential candidates, media poobahs, financial statesmen from Warren Buffett to Bob Rubin, all weighing in to support […]
Robert Borosage
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Bailout Defeated: Now Can We Get It Right?

The House has just voted down the $700 billion bailout bill. We have not yet seen the roll call, but the numbers suggest that a significant bloc within the Progressive […]
Isaiah J. Poole
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AFL-CIO Calls For A Stimulus Package

Whatever you think of the Wall Street bailout bill that was voted on in the House of Representatives today, there is one thing we all should agree on: Congress must […]
Isaiah J. Poole
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Weekend Watchdog Wrap-Up

While the Sunday shows were, true to form, heavier on the politics of the bailout than substance, it was actually one of the better days for the Watchdog. On ABC’s […]
Bill Scher
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Countering The Lie About Race And The Meltdown

The pernicious lie that a law designed to increase lending to people of color and in lower-income neighborhoods played a key role in the financial meltdown in Wall Street won’t […]
Isaiah J. Poole
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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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CEOs Get Bailed Out. Workers Get Sold Out

Before she became the first female Labor secretary in 1933, Frances Perkins had seen firsthand the tragedy of Manhattan’s 1911 Triangle Shirtwaist fire. Locked in by their employer, 146 mostly […]
Tula Connell
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The Deal That Blew Up

The following is the text of the “agreement on principles” that blew up yesterday at the White House, as House Republican leader John Boehner blindsided negotiators by saying Republicans wouldn’t […]
Robert Borosage
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The Road to Perdition

My previous post had me asking "How did we get here?" (Actually, I cleaned up my language for this post.) How did we end up on what could be an […]
Terrance Heath
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Condemned to Repeat It: When Our National Memory Fails

Those who don’t remember the past are condemned to repeat it. Santayana’s warning is now such a persistent cliche only because it’s so painfully true. Where have we seen this […]
Sara Robinson
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The Big Conservative Blame-Shift

Rick flagged one of the conservative attempts to shift blame for the financial crisis away from their market deregulation and pin it on “government,” namely the Community Reinvestment Act. Last […]
Bill Scher
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Get Ready For The Streamroller

Get ready for the steamroller on the $700 billion bailout of Wall Street. Tuesday was the time for throat clearing. It started to get out of hand. Opposition to the […]
Robert Borosage
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Opportunity “Jacked”

I admit it, the past week has left me speechless. As I sat and read the news about how the last of the investment banks shuffled off into extinction (kinda; […]
Terrance Heath
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The Bailout Questions To Ask

In a memo posted at the Poynter Institute journalism website, David Cay Johnston, a former economics reporter at The New York Times, warned journalists about accepting at face value Bush […]
Isaiah J. Poole
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Coastal Drilling Ban Is Dead: A Post-Mortem

Congressional leaders have backed down to conservatives and will let the current federal ban on most coastal drilling to completely expire. What does this mean for our energy policy? What […]
Bill Scher
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Building Our Way Out

The economy is sinking. Wages are flat, costs are rising and bridges are collapsing. Wall Street doesn’t know which way is up. The bail out is coming now and the […]
Eric Lotke
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Behind The Financial Debacle: Conservative Misrule

How did it come to this? The banksters issue a threat: Hand over $700 billion in taxpayers’ money–on top of the $600 billion already forked over–or we’ll take down the […]
Robert Borosage
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Weekend Watchdog Wrapup

What a weekend it was for the watchdog, and the rest of the country, as we literally watched history unfold from our respective perches. So much history, that it made […]
Terrance Heath
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Shock Doctrine: Will We Get Fleeced In This Crisis?

Call it extortion. Every American is told to ante up $2,000—an estimated $700 billion in all—to bail out the banks from their bad bets, or they’ll bring down the entire […]
Robert Borosage
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Weekend Watchdog

After an exhausting week of gasps and gaffes, mostly related to the economy, it’s time for another weekend watchdog. All week long, the headlines have been blaring news of bankruptcy, […]
Terrance Heath
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Walking and Chewing Gum

The challenges facing Americans today tend to be framed in the media and on the campaign trail as a daunting and often depressing laundry list of economic and social woes: […]
Alan Jenkins
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