by Dave Johnson | Dec 17, 2010 | Blog
Congress passed tax cuts for the rich and cut the estate tax way down, adding $800 billion to the deficit and placing Social Security on the chopping block. No one will have predicted what’s coming next year in the name of deficit reduction: they are going after...
by Terrance Heath | Dec 17, 2010 | Blog
Well, it's official. The president will sign the tax cut deal into law this afternoon. The 99ers are getting nothing for Christmas, while the White House and the Tea Party congratulate themselves on extending tax cuts that don't create jobs or stimulate the economy,...
by Roger Hickey | Dec 17, 2010 | Blog
Republican hostage-takers got President Obama to go along with their tax cuts for the wealthy by threatening to raise taxes on the middle class and blocking even modest stimulus funds for our struggling economy. Now the Republicans have identified their next hostage:...
by Robert Borosage | Dec 17, 2010 | Blog, Economy
From naked capitalism.com: "Given its degree of inequality, if New York City were a nation, it would rank 15th worst among 134 countries with respect to income concentration, in between Chile and Honduras. Wall Street, with its stratospheric profits and bonuses, sits...
by Robert Borosage | Dec 16, 2010 | Blog, Economy, Making it in America
The president kicked up his "corporate charm offensive," meeting for hours with 20 CEOs yesterday. Characteristically, he started with an apology for not "finding the right balance" in addressing business. "We want to be boosters," he said, because "when you do well,...
