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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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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