Miller Harkin Act to Save Direct Lending

______________________ With word that Six Senators were expressing opposition to putting direct lending in the budget bill reconciliation — which only requires sixty votes to pass the Senate — Rep […]
Robert Borosage

Senators to Prez: Make Fed Accountable

Senators Webb and Sanders have signed letter urging President Obama to fill empty seats on Federal Reserve Board with nominees who will help balance the Institution. Notably they urge the […]
Robert Borosage

Sen. Brown to Geithner: Make the Fed Accountable

Senator Sherrod Brown, head of the subcommittee in charge of overseeing the Federal Reserve, has written President Obama urging him to use the THREE vacancies on the Federal Reserve Board […]
Robert Borosage

All You Really Need to Know About Banking Reform

Financial reform, as it is called, shouldn’t be all that complicated. Break up the banks deemed “too big to fail,” since that offends any possibility of market discipline and puts […]
Robert Borosage

Say It Ain’t So, Joe: Joe Biden Talks to Labor about Jobs

Vice President Joe Biden defended the administration in a speech to America’s labor leaders, gathered at the AFL-CIO Executive Council meetings in Orlando, Florida this week. Mentioning individual union presidents […]
Robert Borosage

Bipartisan Blight IV: The Shrinking Jobs Bill

"Yesterday, we took a step, a strong first step toward putting Americans back to work, but … it’s a first step. This is the beginning, not the end," Senate Majority […]
Robert Borosage

Montana Initiative Against Pay Day Usury

In Oregon, citizens mobilized to pass progressive tax hikes — on corporations and families making over $250,000 — to help avoid cuts in children’s and health care programs. Now in […]
Robert Borosage

Liberal Bashing

Now is the winter of Democratic discontent. And the knives are out. Liberalism, the Wall Street Journal tells us, has cracked up once more. http://online.wsj.com/article/SB10001424052748704804204575069520491303964.html?mod=WSJ_hp_mostpop_read Obama, sobered by trying to […]
Robert Borosage

Top 1%: Lower Tax Rate Than Their Secretaries

Yes, there is a class war, Warren Buffett once said, and my class is winning. The IRS study of taxes paid in 2007 makes his point. The top 1% of […]
Robert Borosage

Bipartisan Blight III: Evan Bayh Bye

Evan Bayh abruptly announced he was quitting the Senate days before the filing deadline for his Senate seat, without notice to his constituents, to his colleagues, to his party’s leaders […]
Robert Borosage

Oregon Ds: Hardball with Corporate Lobbyists?

Oregon Democrats: Taking on Lobbyists? Oregon Democratic legislators seem to be spaking the corporate lobbyists that opposed the successful initiatives that produced vital revenue by raising corporate and top end […]
Robert Borosage

Mugged by Reality: Post’s Samuelson

The Post’s Robert J. Samuelson has been a purblind corproate trade ideologue, preaching its virtues even as the US sank into debt, corporations sent jobs abroad, and global imbalances helped […]
Robert Borosage

Rogue Nation: How Does the U.S. Deal With China?

China has surpassed Germany as the world’s largest exporter. It is the largest holder of American Treasury bonds, nearly $800 billion. America runs its largest trade deficit by far with […]
Robert Borosage

Earth to White House: Jobs, Jobs, Jobs

Americans are angry — Wall Street has been bailed out, and there’s no sign of job growth on Main Street. We know this is important because Sarah Palin’s poll tested […]
Robert Borosage

Republican Leaders To Banks: Buy Us

Republican leaders — led by the perpetually tanned John Boehner, House Republican leader, and his whip Eric Cantor — are looking to sell themeselves to big bankers angry about financial […]
Robert Borosage

The Stupid Party

The GOP: Grand, Old and Preposterous The GOP is unable and unwilling to have a serious conversation with Americans about the fix we are in. Instead the party’s leaders posture […]
Robert Borosage

Time For The Senate To Act On Jobs

We expect January’s unemployment numbers, to be released Friday, to show that while Wall Street bankers continue to thrive, American workers continue to suffer under a deep recession. The numbers […]
Robert Borosage

Common Sense on Budgets

Amid the blizzard of statistics, trillion dollar deficits, howls about impending bankruptcy, and Republican stupocrisy that surround the budget, it is worth repeating a little common sense. 1. The huge […]
Robert Borosage

Tell The Senate: JOBS NOW!

To be thrown out of work is a crushing blow. Homes are lost. Families split. Children are terrified. Hopes are dashed. Today, nearly one in five American workers is without […]
Robert Borosage

Bernanke Cloture Vote on Thursday

From Politco’s Playbook: On the pending vote to confirm Fed Chair Ben Bernanke to a second term: A senior administration official, from downtown: “It’s amazing that Senate Rs can barely […]
Robert Borosage

Duck and Cover: The New Obama Program

“Our government,” wrote Justice Lewis Brandeis, “is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example.” And also by what its […]
Robert Borosage

Bernanke Vote: Where Does Your Senator Stand?

Is your senator going to vote this week to re-appoint Ben Bernanke to run the Federal Reserve, without demanding any accountability for actions before and during the financial crisis? Let’s […]
Robert Borosage

John Judis on the Democratic Challenge

John Judis describes the challenge facing Obama and Democrats well today. A good antidote to the Blue Dog and New Dem tripe that will flood the media. It is a […]
Robert Borosage

The New Democratic Nonsense

Left Out in the Cold The thrill is gone. Now it’s recrimination time. Who is to blame for the end of the romance? A lot of stuff and nonsense will […]
Robert Borosage

Take Action: Time to Stand Up to the Big Banks

On the heels of Elizabeth Warren’s rallying cry for a Consumer Financial Protection Agency, Campaign for America’s Future called on our supporters to join the fight. The following call to […]
Robert Borosage

WSJ Calls for More Regulation

Yes, the apostle of free markets, the scourge of regulation and taxation, the bastion of nutcase supply side economics – the Wall Street Journal editorial page – has come out […]
Robert Borosage

Smith Bagley: A Champion Lost

Smith Bagley passed away on Saturday, felled by a stroke on Christmas Eve. I was honored to count him a supporter and a friend. Smith is celebrated for his remarkable […]
Robert Borosage

Bipartisan Blight

Health care reform suffered the torments of partisan obstruction. Now gird yourself for financial reform and the perils of bipartisan blight. In health care, lockstep Republican opposition caused months of […]
Robert Borosage

Bernanke: Time’s Man of the Year

Time Magazine’s naming Ben Bernanke “Man of the Year” is a little bit like celebrating an arsonist for his heroics in putting out a fire that he set. Bernanke has […]
Robert Borosage

Curbing Big Banks: Draw the Damn Line

Enjoy the health care debate? Wait until the Senate takes on the big banks. It already looks like déjà vu all over again. Democrats, bloodied from self-inflicted wounds in the […]
Robert Borosage

Size Matters, Particularly When It Comes To Jobs

President Obama is sensibly focused on jobs, unveiling a new initiative Tuesday in the wake of last week’s White House jobs summit. Elements included everything from new infrastructure spending to […]
Robert Borosage

Sanders Puts Hold on Bernanke Nomination

Senator Bernie Sanders has announced he will put a hold on the Bernanke nomination. Sanders wants the Finance Committee to hold serious hearings probing Bernanke’s actions leading up to the […]
Robert Borosage

Imperial Blues

…"[O]ur troop commitment in Afghanistan cannot be open-ended — because the nation that I am most interested in building is our own." —President Obama But Afghanistan comes first? President Obama […]
Robert Borosage

Jobs, Jobs, Jobs — Finally

House Speaker Nancy Pelosi gets it. No wonder she drives the wingnuts batty. With the Senate befuddled by the antics of Joe Lieberman and Max Baucus on health care and […]
Robert Borosage
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