The New Red-Ink Scare

We’ve got a new red scare. Forget Glenn Beck; the fear isn’t that America is going red, it’s that it is in the red. Conservatives in both parties are raising […]
Robert Borosage

Financial Reform Clears House: Good First Step, Far More To Go

Campaign for America’s Future co-director Robert Borosage praised the House Financial Services Committee for taking steps to protect consumers from predatory financial practices by approving the creation of a new […]
Robert Borosage

Where Will the Jobs Come From?

They are popping the bubbly on Wall Street. Million-dollar bonuses, the Dow at 10,000, the casino is open again. Forget President Obama, who says we can’t go back to an […]
Robert Borosage

Will We Curb Wall Street’s Casino?

Even as the health insurance companies draw down on health care reform, another showdown is just beginning in Washington. On Wednesday, the House Financial Services Committee will begin marking up […]
Robert Borosage

A Recipe For Another Financial Debacle

As the House Financial Services Committee begins markup on Wednesday of key financial reform legislation, the stakes are clear. Without strong regulation of the banks and the shadow banking system, […]
Robert Borosage

Moyers Tonight: Why Wall Street Always Wins

Don’t miss the Bill Moyers show tonight. He’s got Simon Johnson, the former IMF economist and Rep. Marcy Kaptur looking at how Wall Street dominates Washington — from the White […]
Robert Borosage

Glenn Beck Isn’t Blocking Health Care Reform

Glenn Beck has captured national attention with his caustic poison. The aging right-wing troubadours — Rush Limbaugh and Bill O’Reilly—still rouse the wingnuts and enforce discipline among Republican legislators. They’ve […]
Robert Borosage

Obama and China: Vandalism or Vision?

"Vandalism" screams the cover of The Economist, depicting President Obama leaving an ice pick in the tire of free trade. (No racial overtones there; after all, as the president explained, […]
Robert Borosage

The Great Recession: It Ain’t Over ‘Til It’s Over

The world economy is growing; stock markets are up; talk of recovery, not world depression, fills the business pages. As the leaders of the 20 leading economies gather in Pittsburgh […]
Robert Borosage

The Angelides Commission: Tell America What Happened

Today the new Financial Crisis Inquiry Commission, modeled after the New Deal-era Pecora Commission, begins its investigation into possible misconduct by the financial sector causing last year’s market meltdown. Campaign […]
Robert Borosage

The Mugging of the Common Good

Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, ….The best lack all conviction, while the worstAre full of passionate intensity. Surely some revelation is […]
Robert Borosage

The President’s Speech: What Now?

The President gives a great speech. He offers reason against hysteria. He summons us to our better angels. He challenges politicians and Americans to do "great things," because that is […]
Robert Borosage

What Obama’s Next Big Speech Should Be

At a delightful dinner party the other night, our host, a cosmopolitan man with interests ranging from water in California to Sufism in India, punctuated a brief complaint about the […]
Robert Borosage

Van Jones: Liberated to Lead Once More

The departure of Van Jones from the White House is a sorry chapter in our politics. Van is a gifted leader of ideas and of action. He makes connections, thinks […]
Robert Borosage

Obama’s September Choice: Charge or Trim?

As Congress returns from its summer recess, President Obama, slipping in the polls, assailed on all sides by the carpers, faces a strategic choice: Lead the charge, rally Democrats, and […]
Robert Borosage

Wall Street Rules: The Bernanke Reappointment

The reappointment of Ben Bernanke as Chairman of the Federal Reserve — cleverly timed to defuse the news of burgeoning federal deficits — was preordained. The “markets” demanded it, and […]
Robert Borosage

A Giant Lost

We have lost a giant. The Senate is a smaller place today — a special measure of joy, political passion, irrepressible energy has been lost. Edward Kennedy’s words, delivered as […]
Robert Borosage

Making it in America: Still Clueless on the Right

When Bloomberg reported the Obama Administration was about to name Ron Bloom, now head of the auto task force, as a de facto “manufacturing czar” in the National Economic Council, […]
Robert Borosage

Health Care: Let the Majority Be Heard

The editors of the Wall Street Journal say that the public option in health care reform has been “sent to the death panel.” Obama “concedes” the public option, reports the […]
Robert Borosage

Health Care Reform: Time to Go All In

It is time to go all in to support comprehensive health care reform. The stakes have gotten prohibitive. Republicans have essentially bet the House on it. Obama, for all intents […]
Robert Borosage

The Debtor’s Dance: the U.S.-China Exchange

Obama’s opening speech set the stakes: "The relationship between the United States and China will shape the 21st century, which makes it as important as any bilateral relationship in the […]
Robert Borosage

Making It In America

Washington’s special genius is for gridlock. As we’re seeing in the health care debate, the entire system is designed to frustrate action — even when Democrats have a popular president, […]
Robert Borosage

How the Right Works: Pay for Principles

Some stories don’t really require elaboration. This from Politico’s Playbook this a.m. The American Conservative Union asked FedEx for a check for $2 million to $3 million in return for […]
Robert Borosage

Symbolic Blather: Washington’s Congenital Disease

This Congress potentially could be the most productive in over 40 years. It has passed the largest recovery plan in the nation’s history. It extended health care to millions of […]
Robert Borosage

Gut-Check Time on Shackling Wall Street

The administration has rolled out its financial reform plan, which the president accurately calls the “the boldest set of reforms in financial regulation in 75 years.” Rep. Barney Frank, the […]
Robert Borosage

Private Muscle And The Public Option In Health Care

We’re headed into the end game for health care reform. The president has put himself in the arena. The insurance lobby is unleashing the scare campaign. A strong bill will […]
Robert Borosage

Wall Street Journal Throws Citi Under The Bus

I stopped reading The Wall Street Journal editorial page when it soared off into wingnuttery, writing tomes on the imaginary conspiracy to off Vince Foster and other fantasies. The news […]
Robert Borosage

The Federal Reserve Scrubs Its Image

Facing congressional criticism for secreting the names of the banks that have benefited from the trillions in Fed guarantees, swaps, loans, and what have you, the Federal Reserve has decided […]
Robert Borosage

Making Change: Progressives in the Obama Moment

President Obama has deep and strong support from progressives. But in Washington, the media is increasingly focused on areas where Obama’s base is disappointed or restive In recent weeks, we […]
Robert Borosage

Betting on Failure: The Right’s Story

Congressional Republicans are marginally more popular and significantly less contagious than the swine flu. Even conservatives are keeping their distance. House leader John Boehner’s perpetual tan has become a presidential […]
Robert Borosage

The Health Care Lobby: Watch What They Do

A crisis that demands fundamental change. A president with a mandate to drive it. A Congress, controlled by Democrats, ready to act. Now comes the hard part: actually getting something […]
Robert Borosage

Wrong Way Steny

Wrong Way Riegels became a football legend when Roy Riegels, captain of the California football team in the 1929 Rose Bowl picked up a fumble and rumbled the wrong way […]
Robert Borosage

Corruption Is Dangerous to Your Health

“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created—are still the most powerful lobby on Capitol Hill. […]
Robert Borosage

Obama’s Grade at 100? What About Our Grade?

Grading a president after 100 days always strikes me as presumptuous. The only real grade is an incomplete. And as good teachers will tell you, letter grades—as opposed to written […]
Robert Borosage

Arm the COP on the Bank Beat

“The decisions that are made in the next six months or so are likely to set the economic course of this country for the next 50 years,” says Elizabeth Warren, […]
Robert Borosage

Taxing Matters

Tax Day. Fox News is flogging Astroturf “tea parties” underwritten by corporate lobbyists, while its pundits warn that raising the top income tax rate to the level it was under […]
Robert Borosage

Chris Dodd: Scourge or Casualty of Wall Street?

Democratic Senator Chris Dodd is in deep trouble. According to Stuart Rothenberg, Dodd is the most vulnerable senator up for re-election in 2010 — despite the fact that he’s coasted […]
Robert Borosage

Time for a Grand Inquest on the Financial Crisis

Treasury Secretary Tim Geithner has called for “sweeping regulation” of the financial community, beginning a discussion of how we restructure the banking system—in and out of the shadows—as we emerge […]
Robert Borosage

Learning Deficits

Will Obama’s transformative budget survive? As his press conference last night illustrated, it runs a serious risk of drowning in a swamp of cant. The budget is getting strafed by […]
Robert Borosage
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