Economy
N.Y. Times Claims Summers Was Closet Regulation Supporter
The supporters of Larry Summers drive to be Fed chair are desperately trying to rewrite history so that this world class champion of financial deregulation was actually a prescient supporter of tighter regulation all along.
Budget Bedlam This Fall
August actually is a pretty good time to be in Washington.
Here are the key elements about what's ahead...or not ahead...on the budget when Congress returns to Washington in September.
Today's One-Two Punch Of Jobs And Cuts
Today's news was a one-two punch in the gut for the middle class. First, a terrible jobs report, then a Democratic President offers a budget that proposes cuts to Social Security and Medicare.
"Little Changed": Dismal Words Of A Jobs Wake-Up Call
Dismal jobs production in March – only 88,000 net jobs created, not sufficient even to cover people coming into the workforce – is a wake-up call to Washington. The weak recovery is now floundering in face of harsh headwinds – the payroll tax hike, the beginnings of...
The Sinking American Electorate: Young And In Peril
Millennials – the largest, best educated, and most diverse generation in our nation’s history – have one question for Democrats seeking election in 2014: Do your values really reflect ours? Democrats have reason to worry about what the answer would be from the 80...
Surprising Studies Find DC Does What Wealthiest Want, Majority Opposes
A new study, Democracy and the Policy Preferences of Wealthy Americans, by Professors Benjamin I. Page, Jason Seawright and Larry M. Bartels sought to gauge the political and policy priorities of the wealthy, and how these concerns contrast with the concerns of the...
Seven Million Jobs, Two Budgets – And One Very Strange Tribe
Last night I returned from a nearly month-long trip to Africa. It’s profoundly unsettling to suddenly find oneself immersed in a primitive and superstitious culture – a culture dominated by taboos and rituals, a culture whose primitive beliefs could lead to its...
Garamendi Garners Support for the Invest in American Jobs Act
“We need to make it clear that when we spend American taxpayer money, we are spending it on Americans,” said Rep. Garamendi, on a conference call today.
February's "Pleasant Surprise" Jobs Report Shows What Is Happening To Middle Class
Buried in the "pleasant surprise" (NPR) of Friday's "stunning" (USAToday) February jobs report were some numbers that better-reflect the reality of America's declining middle class. Things are pretty bad when you call 7.7% -- and that due to people giving up on...
New Offshoring Prevention Act To Bring Jobs Home And Keep Them Here
Senator Sheldon Whitehouse (D-RI) and U.S. Representative David Cicilline (D-RI) announced today the introduction of the Offshoring Prevention Act. Like last year's Bring Jobs Home Act - filibustered by Senate Republicans - this bill eliminates a special tax break for...
