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Super PACs Derivatives of politics

Originally published in Politico. Financial wilding led to our economic collapse. Use of exotic “innovations” — like derivatives and credit default swaps — exploded. Regulators were paralyzed while huge bets were made in the shadows. Markets, we were assured,...

Lets Get This Straight Welfare Reform Was A Failure

The "success" of the 1996 "welfare reform" pact between President Clinton and congressional conservatives is an hardy piece of conventional wisdom that you will hear repeated, and usually unchallenged, in the rare times that poverty comes up in the political...

Jobs Report Not A Time For Right-Wing Austerity

There is modestly good news for jobseekers in the February jobs report today from the Bureau of Labor Statistics, with the economy creating 227,000 new jobs and the unemployment rate holding steady at 8.3 percent. But once again the Obama administration and Democrats...

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