by Robert Borosage | Aug 3, 2011 | Blog
What did Republicans learn from the debt ceiling debacle? All the wrong lessons. Here is Senate Republican leader Mitch McConnell gloating about taking the economy "hostage." "I think some of our members may have thought the default issue was a hostage you might take...
by Richard Eskow | Aug 3, 2011 | Blog
The American people have just endured a months-long bipartisan battering with words, as politicians and talking heads from both parties insist that they "take their medicine" by enduring severe austerity cuts. Against all evidence, they were told that this would be...
by Roger Hickey | Aug 3, 2011 | Blog
Democratic House Leader Nancy Pelosi (D-CA) and Senate Democratic Leader Harry Reid (D-NV) should use their power to appoint members of the “Super Committee” created by the new debt ceiling legislation to make sure that the Democratic half of that powerful group will...
by Richard Eskow | Aug 2, 2011 | Blog, Economy
In the wake of a deal that included all the wrong things, today the President finally said all the right things. His agreement with the Republicans included no investment in economic growth, no job creation, no tax increases on the wealthy, no closing of corporate...
by Isaiah J. Poole | Aug 2, 2011 | Blog, Economy
Even Wall Street today rendered an unexpectedly brutal verdict on the passage of the deficit-reduction deal signed off on by President Obama and congressional leadership. Today, the Dow Jones Industrial Average fell more than 265 points, falling below 12,000. The...
