The Populist Moment

I discuss with American News Project’s Harry Hanbury and Nick Penniman what’s next for the populist uprising spurred by today’s economic crisis. This video traces how progressives helped shaped the […]
Robert Borosage

Time To Dog The Dogs

Who stands in the way of the reforms vital to get us out of the deep hole we are in? Republicans, of course, have decided to be the party of […]
Robert Borosage

Will Everyone Grab a Bucket? This Thing is Sinking

Last year we worried about homes below water; now it is the economy itself that is sinking. Warren Buffett says the U.S. economy has “fallen off a cliff.” And, as […]
Robert Borosage

Obama’s Next Gauntlet: Reviving the Middle Class

It ain’t easy. No use jokin’. Everything’s broken.”-Bob Dylan We can’t go back to the old economy. That economy — marked by booms and busts, Gilded Age inequality, declining wages, […]
Robert Borosage

Can’t Get There From Here

The Obama administration has made its first serious misstep. No, it wasn’t the wooing of ingrate Republicans, or the dining with clueless reactionary pundits. It is much more significant. Faced […]
Robert Borosage

Bank On It No More

What will the Obama administration do with the banks that are now on life support? Pump in more taxpayers’ money to keep the zombies alive? Radical surgery? Pull the plug? […]
Robert Borosage

Obama’s Summons

“A man whose father less than 60 years ago might not have been served at a local restaurant can now stand before you to take a most sacred oath.” It […]
Robert Borosage

Bin Laden’s New Weapon of Mass Destruction

Longtime friend, Mark Steitz, an irrepressible Washington wit, described the potential threat posed by Osama bin Laden’s new arsenal: If bin Laden were smart, he’d disband his terrorist cells, and […]
Robert Borosage

Hoover Time

In their last obstruction, Mitch “Dr. No” McConnell’s Senate Republicans blocked a bridge loan for the auto companies, unwilling even to sustain them long enough for a new administration to […]
Robert Borosage

Post-Partisan Progressives

Conservatives hail the incoming Obama administration appointments; progressives express misgivings. Democratic Senator Claire McCaskill celebrates Barack Obama as “pragmatic,” which she says may dismay some “on the left.” David Corn […]
Robert Borosage

The Change We Need

Does President-elect Obama represent the change we need? His mainstream appointments — largely veterans of the Clinton administration — have sparked a clamor from worried supporters. But in one of […]
Robert Borosage

Free Fall

Free fall. The U.S. has lost private sector jobs for 10 straight months. One quarter of all businesses in the U.S. plan to cut payroll over the next year. Retail […]
Robert Borosage

The Center-Left Nation

Conservatives started spinning even before the dancing stopped on election night. Obama’s victory is impressive, but “this is still a center right nation,” went the mantra. “This was a good […]
Robert Borosage

Progressive Mandate in a Sea-Change Election

Barack Obama’s historic victory in 2008 spearheaded not only a change election, but a sea-change election. It marks the end of the conservative era that has dominated our politics since […]
Robert Borosage

Hallelujah! And Now, The Work Begins

Americans wake today to a new dawn, a new possibility. You don’t have to drink the Kool-Aid to appreciate how extraordinary this is. We will look at one another with […]
Robert Borosage

Greenspan: “Shocked Disbelief”

It marks the end of an era. Alan Greenspan, the maestro, defender of the market fundamentalist faith, champion of deregulation, celebrator of exotic banking inventions, admitted Thursday in a hearing […]
Robert Borosage

In Paulson We Trust

Focused on the election? Might be a good idea to watch your pockets at the same time. Here’s a glance at what’s happening to the Wall Street bailout. Hank Paulson […]
Robert Borosage

The Horror of It All

Peering fearlessly into the increasingly likely terror of a Democratic President with larger Democratic majorities in both houses of Congress, the Wall Street Journal editorial page sums up the stark […]
Robert Borosage

The Guy Who Called It Right

Nouriel Roubini is one of the few economists who warned about the housing bubble and predicted the financial collapse before it occurred. His alarms — dismissed as extreme by Wall […]
Robert Borosage

The Next Fight

Hey, “my friends,” about the economy? “How about a little straight talk?” All that palaver about cutting spending, balancing the budget? Ruinous. Can’t happen. We’re going to have to borrow […]
Robert Borosage

The Real Economy Strikes Back

So much for the $700 billion bailout of Wall Street. Stocks are tanking across the world. Clearly, once the bailout passed, investors took a good look at the real economy […]
Robert Borosage

This Bailout Is Still A Bad Deal

The Senate voted overwhelmingly to pass a bad bailout bill last night. Nothing to kick-start the real economy, except tax breaks for business. No help for homeowners.. No mandate for […]
Robert Borosage

Prisoners of War

On September 29, Congress revolted against the $700 billion price tag of the proposed bailout of Wall Street. The day before, that same Congress passed without murmur—unanimously in the Senate—a […]
Robert Borosage

After the Revolt

The fix was in. The leadership of both parties in Congress, both major presidential candidates, media poobahs, financial statesmen from Warren Buffett to Bob Rubin, all weighing in to support […]
Robert Borosage

The Deal That Blew Up

The following is the text of the “agreement on principles” that blew up yesterday at the White House, as House Republican leader John Boehner blindsided negotiators by saying Republicans wouldn’t […]
Robert Borosage

Get Ready For The Streamroller

Get ready for the steamroller on the $700 billion bailout of Wall Street. Tuesday was the time for throat clearing. It started to get out of hand. Opposition to the […]
Robert Borosage

Behind The Financial Debacle: Conservative Misrule

How did it come to this? The banksters issue a threat: Hand over $700 billion in taxpayers’ money–on top of the $600 billion already forked over–or we’ll take down the […]
Robert Borosage

Shock Doctrine: Will We Get Fleeced In This Crisis?

Call it extortion. Every American is told to ante up $2,000—an estimated $700 billion in all—to bail out the banks from their bad bets, or they’ll bring down the entire […]
Robert Borosage

How Do We Seize The Obama Moment?

When Sen. Barack Obama receives the Democratic presidential nomination before 75,000 people in Denver’s Mile High Stadium on the 45th anniversary of Martin Luther King Jr.’s “I Have a Dream” […]
Robert Borosage

The Great Corporate Tax Heist

Remember the old Steve Martin routine on how to make a million dollars and not pay taxes: “First, make a million dollars… Second, don’t pay taxes.” Turns out Martin’s joke […]
Robert Borosage

The Audacity of Contempt

Take gas prices, the most pressing issue on the minds of Americans. Offer a blatant ploy that in fact won’t help — but will profit Big Oil. Pocket over a […]
Robert Borosage

The Roots of Obstruction

Like Rodney Dangerfield, this Congress doesn’t get much respect. Americans rate it slightly above sludge, but below George Bush, the least admired president in the history of polling. McCain strategists […]
Robert Borosage

Your Health Care May Decide The 2008 Election

Now we’re in the presidential campaign’s silly season. The primaries are over; the conventions yet to come. Americans are tuning out politics and dialing in baseball and the Olympics, vacations […]
Robert Borosage

Wall Street Socialism

This weekend, Treasury Secretary Henry Paulson, former head of the Goldman Sachs investment house, provided us with a perfect demonstration of Wall Street socialism. He announced that the Bush administration […]
Robert Borosage
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