Three important things happened in the last few days for manufacturing in America. Two are good. One is really really bad. The House passed good bills promoting American manufacturing, and the Joint Economic Committee released a new report finding that our manufacturing sector has gained jobs for six months in a row. more »
Rep. Paul Ryan, R-Wis., is the Republican Party's latest effort at putting forward a credible economic ideologist. His recent interview with Ezra Klein reveals this effort to be a complete failure. more »
At the Netroots Nation convention today in Las Vegas, Speaker Nancy Pelosi talked about an upcoming Congressional initiative to help restore American manufacturing. The initiative, called “Making It In America” will include a series of bills to be introduced after the summer recess. more »
The progressive coalition of blacks, Hispanics, youth and women worked to elect democrats a few years ago. They might be willing to work to keep them in office — especially if they see that it did them any good. Right now they’re sitting at home, out of work and low on hope.
The deficit problem can be summed up very simply: the public thinks Obama's policies created a huge deficit. Never mind that it was Bush's deficit -- the public doesn't know that. This misunderstanding is leading Washington to take steps that will throw the economy into depression. more »
The new unemployment data are out and the headlines are all wrong. The headlines report unemployment of 9.7 percent in May, down a tick from 9.9 percent in April. It’s good news but it misses the point. more »
It's an interesting time to be a progressive in the United States. In many ways, the election of President Barack Obama represented a logical, if improbable, end to the era of phony Reaganomics and demonization politics. But the Obama presidency has been a serious test for the progressive movement. more »
The Senate approved an amendment from Sen. Bernie Sanders, I-Vt., that would subject the Federal Reserve's bailout operations to a one-time audit. The vote was 96 - 0 in favor of the measure. more »
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