Archive
If Unemployment Is "Unacceptably High," Don't Accept It
Today, Treasury Secretary Tim Geithner said "The unemployment rate is still terribly high and it's going to stay unacceptably high for a long period of time." As my colleague Richard Eskow remarked last fall when White House economic adviser Larry Summers said...
End the Denial; Label China a Currency Manipulator
America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. In mid-March, Chinese Prime Minister Wen Jiabao flatly denied that China deliberately suppresses the value of...
Progressive Breakfast: Can You Drill A Climate Bill?
No Immediate Vote Shifts After New Drilling Plan Grist's Jonathan Hiskes assess GOP and Big Oil reaction: "The question is whether Obama's move is getting him any Republican votes for the Senate bill, which hasn’t even been introduced yet. Nothing’s come to light yet,...
Progressive Breakfast - 4/1/2010
No Immediate Vote Shifts After New Drilling Plan Grist's Jonathan Hiskes assess GOP and Big Oil reaction: "The question is whether Obama's move is getting him any Republican votes for the Senate bill, which hasn’t even been introduced yet. Nothing’s come to light yet,...
Resident Evil: Are Struggling Homeowners As Immoral As the Big Banks?
Do homeowners who are underwater on their mortgages deserve to lose their homes? That's what finance commentator Barry Ritholtz says, in a post called "More Foreclosures, Please." Ritholtz must have been channeling his inner Rick Santelli when he wrote that "the boom...
Treasury Sec. Geithner Visits Pennsylvania Today
As the Pittsburgh Post Gazette is reporting, U.S. Treasury Secretary Tim Geithner is scheduled to visit Pittsburgh today, where he will be “greeted by a chorus of calls to bolster ailing U.S. manufacturers by taking action against China’s currency and trade policies.”...
Obama's Oil Plan: Something For Nothing? Or Nothing For Something?
Forgive me if my Outrage-O-Meter registers low today despite the President's coastal drilling announcement. Candidate Obama announced his willingness to compromise on coastal drilling quite dramatically during the campaign. And the Senate climate bill talks have been...
G-20 Standing Up To China, Now It’s Your Turn
As the manufacturing infrastructure of suppliers, technology knowledge, etc., moves to China, dependence follows. China appears to be ready to answer, "So what are you going to do about it?" The world is starting to realize this. Financial Times, yesterday, China...
Focus, Focus, Focus: Jobs, Jobs, Jobs
The economy is said to be recovering, but the people are not. The jobs are gone, and haven't started to come back. Twenty-five million people are in need of full-time work. Incomes are stagnant; more and more are losing health care. Even the uptick in jobs that will...
Progressive Breakfast - 3/31/2010
Each morning, Bill Scher and Terrance Heath serve up what progressives need to affect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. President To Announce Expanded Oil...
