Up With Downward Mobility

Every once in a while, an idea gels in my head and I dismiss it, thinking to myself “Nah. I gotta be missing something. It can’t be that. And then […]
Terrance Heath
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CNN Levies Right-Wing Hit on Infrastructure Projects

As noted in yesterday’s edition of Progressive Breakfast, Marc Ambinder recently laid out the conservative strategy to attack any economic recovery program: A trillion dollars worth of government spending over […]
Bill Scher
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This Can’t Really Be the Economy…

I’m not an economist. I’ve never studied economics, beyond reading The Complete Idiot’s Guide to Economics about a year ago. I’ve read about derivatives, and had my mind blown by […]
Terrance Heath
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America’s Choice

From sea to shining sea, America is suffering. She is, however, afflicted with an avoidable condition she brought on herself, like a hangover. Only this one’s interminable and internationally contagious. […]
Leo Gerard
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A Time for Sacrifice

A new NBC/Wall Street Journal poll is getting a lot of attention for its finding that President-Elect Obama is getting a whopping 67% approval rating from the public. But another, […]
Alan Jenkins
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“Like Night and Day”

The winding down of the dark age of W feels like something like a long night’s journey into day. (Apologies to Eugene O’Neill.) Granted, Republicans are doing everything they can […]
Terrance Heath
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Hoover Time

In their last obstruction, Mitch “Dr. No” McConnell’s Senate Republicans blocked a bridge loan for the auto companies, unwilling even to sustain them long enough for a new administration to […]
Robert Borosage
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City Recovery Is National Recovery

The incoming Obama administration has promised to bring cities out of the federal policy wilderness to which they have been exiled for the past eight years. And, given the scale […]
Isaiah J. Poole
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Prisons. A stable and growing part of the economy.

Two things happened yesterday. First, I published this major post about the role prisons play in the U.S. economy. Later yesterday evening, the Bureau of Justice Statistics released new data […]
Eric Lotke
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Hey Media! Giant Health Care News! In Front Of Yer Face!

Today, President-Elect Barack Obama formally nominated former Senate Majority Leader Tom Daschle to be Secretary of Health and Human Services and Director of the new White House Office of Health […]
Bill Scher
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Bush Has Not “Kept Us Safe”

After the previous post, it seems appropriate to move delusion to delusion. So, let’s look into the case of Wall Street Journal columnist and former Reagan speech writer Peggy Noonan. […]
Terrance Heath
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Post-Partisan Progressives

Conservatives hail the incoming Obama administration appointments; progressives express misgivings. Democratic Senator Claire McCaskill celebrates Barack Obama as “pragmatic,” which she says may dismay some “on the left.” David Corn […]
Robert Borosage
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Did SEIU Help Take Down Blago?

Interesting speculation from Politico’s Ben Smith: The [Obama-Biden] transition hasn’t yet responded to questions about [Illinois Governor] Rod Blagojevich’s indictment, but the key question is whether the transition was talking […]
Bill Scher
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Mobilize For A Real Recovery

What could be the most important test the progressive movement will face in decades starts now. With the economy facing a historic crisis, the question is whether progressives can unite […]
Isaiah J. Poole
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W’s Massive Delusions

In a previous post we explored the spectacle of George W. Bush bungling through an attempt at an expression of remorse — this time over the state of the economy […]
Terrance Heath
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Save the Jeep, Save the Nation

In 1941, car manufacturer Willys-Overland demonstrated the strength and sturdiness of its new Army scout vehicle — the Jeep — to Congress by driving it up the U.S. Capitol steps. […]
Leo Gerard
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Falling Apart, Falling Behind

Previous posts and our report have discussed how America is falling apart. Collapsing bridges, high unemployment, and so forth. In this post I discuss how we are falling behind. China […]
Eric Lotke
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The Change We Need

Does President-elect Obama represent the change we need? His mainstream appointments — largely veterans of the Clinton administration — have sparked a clamor from worried supporters. But in one of […]
Robert Borosage
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The Hardest Word

It’s sad. So sad. It’s a sad, sad situation. And it’s getting more and more absurd… Oh, it seems to me, that ‘sorry’ seems to be the hardest word. Elton […]
Terrance Heath
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The Opportunity Multiplier

In his first 100 days, President-elect Obama plans to pass an economic stimulus package that will create or save 2.5 million jobs. Economists estimate that this may require almost $1 […]
Alan Jenkins
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Build, Baby, Build: The Governors’ Consensus

Last month, I suggested that for their political viability, Republican politicians should join with Democrats around a “Build, Baby, Build” strategy of public investment to rebuild and revitalize our infrastructure. […]
Bill Scher
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Here Comes The Fuzzy Math

As the new Congress and president forge ahead on an economic recovery plan of at least $500 billion, don’t be surprised if you hear conservatives wail that it amounts to […]
Bill Scher
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A Consensus Emerges: Build, and Build Big

Everybody is saying the same thing. Stimulus plans don’t mean tax rebates worth a few tanks of gas and a restaurant dinner. Stimulus plans means new roads and bridges, aid […]
Eric Lotke
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Rough Times for the Really Smart

This hasn’t been a great fall for the brilliant, bright shining superstars who sit at the top of America’s economic ladder. Their genius suddenly seems suspect. From Wall Street to […]

Applying Mitt-o-nomics To The Citigroup Bailout

As we all know, Mitt Romney is the smartest and greatest businessman that ever graced our land. For some reason, I haven’t heard him weigh in on the bailout of […]
Bill Scher
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Office Of Thrift Non-Supervision

In the deluge of financial news, one story that is emblematic of the colossal failure of the conservative approach to government has gotten too little attention: The Washington Post’s in-depth […]
Isaiah J. Poole
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Recovery Realism

Today there are new signs that President-elect Obama’s economic team and the Democratic leadership in Congress are prepared to commit to an economic recovery plan that is suited to the […]
Isaiah J. Poole
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The Trillion-Dollar Scare Tactic

Today, the Washington Post casually warns that “the annual federal budget deficit already is spiraling toward $1 trillion — about 7 percent of the gross domestic product — a level […]
Bill Scher
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Down At The Mall, The Shopping Spree is Over

There’s an e-mail making the rounds this week: STORE CLOSINGS AND LAYOFFS: By the end of Dec. 2008 as announced Circuit City Filed Bankruptcy, they promised to keep all stores […]
Sara Robinson
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Conservatism: Trashing Government on Its Way Out

Reading the headlines over the past week, I’m beginning to wonder if there’s a single agency in the United States government that conservatives haven’t left in worse shape than they […]
Terrance Heath
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The Growing Unemployment Line

Front page of the Daily Hampshire Gazette here in Northampton, MA offers some stark news. Unemployment lines have more than doubled since last year in the Western MA counties of […]
Bill Scher
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Free Fall

Free fall. The U.S. has lost private sector jobs for 10 straight months. One quarter of all businesses in the U.S. plan to cut payroll over the next year. Retail […]
Robert Borosage
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Romney Jumps On The Worker-Bashing Bandwagon

Rick explored why Mitt Romney is compelled to bury his home state of Michigan and the automobile industry that generated his family’s wealth. Let’s also explore the fertilizer he’s using. […]
Bill Scher
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