by Eric Lotke | Aug 27, 2009 | Blog
Today’s data from the Bureau of Economic Analysis tell the same old story. National GDP is dropping and personal incomes are dropping along with it. These are troubled times. But wait! There's more! Corporate profits are on the rise. Source: BEA: GDP, personal income,...
by Sara Robinson | Aug 27, 2009 | Blog
August, die she must. The town hall freak show is winding down, the media circus is packing the cameras and satellite dishes and hairspray back into the vans, and Congress is soon heading back to the relative safety of DC. Yet, after all the fuss and bother, they're...
by Robert Borosage | Aug 27, 2009 | Blog, Financial Reform
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 as James Carville noted, when the markets speak, presidents listen. (Carville,...
by Eric Lotke | Aug 26, 2009 | Blog
The Congressional Budget Office published revised estimates about the deficit, and people are hyperventilating. “[B]urying our children and grandchildren under a mountain of unsustainable debt,” declared House minority leader John Boehner (R-Ohio). Leave aside for a...
by Bill Scher | Aug 26, 2009 | Blog
Last month, Sen. Ted Kennedy wrote in Newsweek: "quality care shouldn't depend on your financial resources, or the type of job you have, or the medical condition you face. Every American should be able to get the same treatment that U.S. senators are entitled to. This...
by Robert Borosage | Aug 26, 2009 | Blog
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 his 1980 presidential campaign came to an end at the Democratic Convention in Madison...
