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Progressive Breakfast - 3/22/2010

Majority Will Passes Historic Health Care Reforms Senate health care bill clears House with votes to spare. NYT: "House Democrats approved a far-reaching overhaul of the nation’s health system on Sunday, voting over unanimous Republican opposition to provide medical...

On Government Spending, Deficits, Etc.

There is much worry throughout the land about government spending, borrowing, deficits, debt and similar concerns. Conservatives are loudly declaring that the dollar is in danger, that the country is going bankrupt, etc. and are demanding that spending be cut back. In...

NUMMI Closing - Resignation

The other day I wrote about the huge impact from California's Toyota NUMMI plant closing, Toyota takes off with a ton of cash, we pay the costs, it's the way the system is set up -- by us. ... When the plant closes the public takes up the costs -- paying unemployment,...

Why Is The Wall Street Journal So Chummy With China?

The Wall Street Journal says the U.S. is “wrong” to protest China’s “fixed yuan-dollar rate.” Their explanation is that many countries adopt a fixed rate, so as to ensure market stability. China is no different… Actually, that’s not true. If it were correct that most...

Rep. Grayson Demands Release of AIG Materials

Rep. Alan Grayson has written a letter calling for the release of all documents and materials contained on AIG's internal servers. His idea deserves support. US taxpayers rescued AIG and own a majority (79.9%) of its shares. Serious questions remain about the payment...

Financial Reform: It’s the Derivatives, Stupid.

Tricky auto loans didn't cause the financial meltdown on Wall Street. Unscrupulous payday lenders didn't cost taxpayers a $700 billion "troubled asset" bailout. So fussing about whether U.S. Sen. Chris Dodd's financial reform legislation contains an independent...

Progressive Breakfast: Sunday, Sunday, Sunday!

Strong Deficit Reduction Smooths Path To Sunday Health Care Vote House leaders post the health care bill online 72 hours before expected Sunday vote. W. Post: "House Majority Leader Steny Hoyer (D-Md.) announced the weekend debate schedule, with a 72-hour march...

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