The Obama Speech in Cleveland

President Obama traveled to Cleveland to deliver an address on the economy designed to highlight the “differences in governing philosophy” between his view and that of the Republican opposition. (A […]
Robert Borosage

The Real Bait and Switch on Social Security

The Wall Street Journal assails President Obama for “bait and switch on Social Security,” because he’s criticizing Republican plans to privatize Social Security, which the Journal says don’t exist. The […]
Robert Borosage

Boehner’s Half-Baked Economic Plan

Rep. John Boehner, the perpetually tanned House Minority leader, unveiled his plan to get the economy going today in a speech before the Cleveland City Club. Hold on to your […]
Robert Borosage

One Reason Top End Taxes Must Be Raised

Billionaire Steve Schwarzman compares Obama’s call for taxing private equity income as income, just like everyone else, a “war, like when Hitler invaded Poland in 1939.
Robert Borosage

American Opinion: Rebuild America, Don’t Sack It

“I still believe that this will be largely a referendum on the administration’s policies,” said Senator John Cornyn of Texas, chairman of the National Republican Senatorial Committee, explaining why the […]
Robert Borosage

Save American Manufacturing

The following was originally published by Politico. These days, Republicans can’t suppress the gloat. The “Party of No,” leading in most polls, is said to be on the verge of […]
Robert Borosage

Gibbs on the Left: Dog Bites the Man

White House Press Secretary Robert Gibbs went off the other day on the "professional left," which is never satisfied. The White House apparently is miffed at the criticism they get […]
Robert Borosage

The Bank Crisis: Where are the Prosecutions?

Where are the prosecutions of bank officers for defrauding investors or the government? This isn’t an academic question or an eruption of pitchfork populism. Personal accountability is vital in board […]
Robert Borosage

LBJ: Medicare Because We Owe It To Them

On the 45th anniversary of the passage of Medicare, the blog corrente offers this charming story about LBJ talking with his press secretary, Bill Moyers, about why he’s for Social […]
Robert Borosage

The Carnage Never Told

Washington is enmeshed in a partisan debate about gestures — with Republicans now boasting that Americans will reward them for saying no to just about everything. No to forestalling the […]
Robert Borosage

Stop Coddling The McCarthyite Smear Machine

The right-wing smear machine that cost an exemplary Agriculture Department official her job should be denounced for what it is: a high-tech, low-rent McCarthyism that launches search-and-destroy missions with no […]
Robert Borosage

We Need Leaders, Not Accountants

The following was originally published by Politico With more than 20 million people unemployed or underemployed, deflation looming, trade deficits rising and the economy staggering, American elites are hyperventilating about […]
Robert Borosage

Why Democrats Can’t Govern II

They forget to dance with those that brung them Consider the current tempest about the “poisonous relations” between Obama and business. Former Clintonista Roger Altman, a Democratic investment banker, offers […]
Robert Borosage

Why Democrats Can’t Govern I

They’d rather switch than fight. Consider. Elizabeth Warren, brilliant Harvard Law Professor, stalwart defender of America’s beleagued middle class, championed the Consumer Financial Protection Agency as essential to protecting consumers […]
Robert Borosage

Why Corporate Tax Cuts Won’t Put People to Work

Conservatives have reverted back to calling for corporate tax cuts to stimulate the economy and put people to work. Consider this mindless reflex rather than policy. Corporations are sitting on […]
Robert Borosage

Who Gets US Out of the Hole We Are In?

Voters are in a surly temper. The economy stinks. Jobs are scarce. Wages are under pressure. One in 4 homes with mortgages is underwater. Retirement savings have been butchered; pensions […]
Robert Borosage

The Grip of the Old Economy II

The Washington Post’s Neil Irwin today offers a good summary of foreboding reality: in the halting economic recovery, the global ec
Robert Borosage

The Grip of the Old Economy

President Obama touted his National Export Initiative this week, boasting that in the first quarter of this year, exports were up 17% from a year ago. Increased exports abroad generate […]
Robert Borosage

Obama at Racine: Conservative Ideas Have Failed

Obama went to town meeting in Racine. Full transcript here: http://www.wrex.com/Global/story.asp?S=12735210 He finally did contrast with conservative ideas that failed. On economy, on jobs, on Wall Street, on energy. Gloves […]
Robert Borosage

Boehner: Cut Social Security to Pay for War

Republican House leader John Boehner laid out the Republcan world view in an interview with a friendly reporter at the Pittsburgh Post Gazette. Boehner defended the big banks from reform, […]
Robert Borosage

Progressives: Time to Go Off the Reservation

When progressive activists gather next week at the annual America’s Future Now conference, frustration and dismay will be widespread. Action on jobs is stalled among mixed signals from the White […]
Robert Borosage

What Is An Emergency? Afghanistan Or Our Children?

Congress is about to pass an additional $32 billion to pay for the war In Afghanistan. It will have overwhelming bipartisan support, with legislators eager to display their fealty to […]
Robert Borosage

Ben Bernanke Thinks We Are Idiots

Ben Bernanke Thinks We Are Idiots Or that we have the attention span of a tadpole. Or he mistakenly read a speech written in 2006 when Alan Greenspan was still […]
Robert Borosage

Change, Not Recovery

What was the message of Tuesday’s elections? Clearly the base voters of both parties are unhappy and looking for change. Incumbents are at risk. Politics as usual is unappealing. Conservatives […]
Robert Borosage

The Big Bank Lobby: Too Big to Bare?

240 former legislators, bank committee staffers, and Treasury officials deployed to lobby. $600 million spent in lobbying, trade association activity and political contributions since March 2008. And that is just […]
Robert Borosage

Orwellian Obstruction: Republicans on Financial Reform

Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are […]
Robert Borosage

Suffering From Deficit Allergies

The following was originally published by Politico This spring, much of Washington is afflicted with deficit allergies. The Senate had to break a filibuster just to pass a one-month extension […]
Robert Borosage

The Big Fix (Hold On To Your Wallets)

This post is part of the two-week long Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy, hosted by Campaign for America’s Future. The […]
Robert Borosage

Bank Profits Soar

President Obama got it exactly right when he said that we couldn’t go back to an economy in which the banks captured 40% of corporate profits. We needed an economy […]
Robert Borosage

Was Bernie Madoff the Exception Or the Rule?

Were the big banks all knowingly running Ponzi schemes? That’s the question that arises from the stunning hearings held this week by the Senate Permanent Committee on Investigations, chaired by […]
Robert Borosage

Break up the Big Banks

Naked Capitalism posts a great blog from George Washington of the Washington Blog arraying the authorities who have now come out for breaking up the big banks. Everyone from small […]
Robert Borosage

Will the Chinese Play the U.S. Once More?

With pressure building on the administration to tell the truth on China’s currency manipulation, and a report required by law on April 15, the Chinese government demonstrated just how sophisticated […]
Robert Borosage

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 […]
Robert Borosage

Big George Takes Down the Banking Lobby

The Congress just voted to take over $60 billion in subsidies to the banks and invest it in aid to college students. The students beat the banks; hard to believe […]
Robert Borosage

Will Americans Reward the Party of “Hell No?”

House Republican leader John Boehner’s final rant against health care reform, featuring the refrain of “hell no,” aptly summarized the temper and the substance of the general Republican position as […]
Robert Borosage

Frum: Health Care a Republican Waterloo

David Frum is a conservative, former Bush speech-writer. He has the quaint view that Republicans in office should provide leadership, not zealotry. In this post, he describes the “crushing legislative […]
Robert Borosage

Showdown with “Chermany”

Where will the jobs come from? President Obama wants to double America’s exports over five years to help generate good jobs. With Recovery Act spending coming to an end, states […]
Robert Borosage
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