60 Billion in Tax Cuts The Real Cost

David Leonhardt in the NYT does a good service by laying out simply what $60 billion a year in tax cuts — the amount that will go to those earning […]
Robert Borosage

Democratic Seppuku Too Horrible to Watch

Politics is not rocket science. Karl Rove and the political witch doctors like to pretend they can concoct mysterious potions to steal elections, but that’s just con man puffery. Politics […]
Robert Borosage

Bad Deal; Wrong Direction

So now we have the deal. In a society of extreme inequality, the rich – well represented by a unified Republican claque – will make out like bandits: An average […]
Robert Borosage

A Tax Deal Fit For The Gilded Age

President Barack Obama and Congressional Republicans are ready to mortgage the American economy to billionaires in exchange for a few months of unemployment benefits. This deal is easily the gravest […]
Zach Carter

Why We Need A High Estate Tax

Until this week here is what we heard over and over (and over and over and over and over): Because of budget deficits (caused by tax cuts for the rich […]

Highway Robbery and the Progressive Future

Kevin Drum gives a pretty thorough analysis of President Obama’s open assault on the mainstream Democratic Party at yesterday’s press conference, and declares that “programmatic liberalism is dead.” I think […]
Zach Carter

Champions of the Already Haves

The deal is down. Liberals irate. The press trolling for firebrand denunciations of the president. So it is worth noting the obvious that could otherwise be lost in the noise. […]
Robert Borosage

Tuesday A Day Of Solidarity With The Jobless

While much of the media focuses on who wins and loses on Capitol Hill in the battle over extending the Bush tax cuts for the wealthiest Americans, the numbers of […]
Isaiah J. Poole

The Emo Executive A Self-Help Plan for Jamie Dimon

I don’t hate Jamie Dimon. He’s smart and hard-working, and undoubtedly wants to believe that his work contributes to society. But his bank continues to harm millions of Americans, and […]
Richard Eskow

Are Tea Party Members Getting Played

Are the Main Street Tea Party members getting “played” by Wall Street and big-corporate billionaires? There is a big, big, big difference between what the regular members and the big-money […]

Spare Us Another 8 Years of Faulty USChina Trade Policy

On Monday, The International Trade Commission (ITC) unanimously voted to recommend that President Obama impose tariffs on the import of Chinese tires for three years. The new administration will have […]

Obamas Deficit Frankenstein

The Presidential Deficit Commission has issued its report — sort of — and the president has a problem. Like Dr. Frankenstein in the Mary Shelley novel, he built a creature […]
Richard Eskow

Health Care Reform Is Deficit Reduction Remember That

When health care reform was signed into law, President Barack Obama correctly described it as “biggest deficit reduction plan since the 1990s.” In fact, the Congressional Budget Office projected it […]
Bill Scher

Korea Free Trade Agreement Another NAFTA

There are reports that the Korea Free Trade Agreement is nearly concluded. Unfortunately the problems with the labor portions of the Bush-negotiated agreement were not addressed, which means we might […]

DC Elites Pushing Korea Trade Pact

The way a lobbyist argues for or against anything today is to say it will create or cost jobs. Prohibiting lawsuits against giant corporations that harm people creates jobs. Making […]

Bipartisan Blight The Great Tax Reform Mirage

David Brooks is always a good marker of establishment conventional wisdom. Today, in a column grandly entitled, “A Tax Reform Vision,” Brooks celebrates the growing beltway consensus on tax reform, […]
Robert Borosage

The Fed Lied About Wall Street

The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the […]
Zach Carter

The Income Gap Will Grow

In general, macroeconomic policies cut two ways on inequality — one via effects on economic activity, which if favorable, can reduce inequality by creating more jobs and raising wages, and […]

99 And Counting Tales From the Un-Funny Papers

Let’s face it. Nothing about the economic crisis is funny. Nothing about America’s 9% unemployment rate, 14.8 million unemployed, or 6.2 million long-term employed is funny. And there’s nothing mildly […]
Terrance Heath

Obama Faces Great Deficit Divide

The following was originally published at Politico. "The era of deficit denial is over," crowed former Sen. Alan Simpson, the garrulous co-chair of President Barack Obama’s deficit reduction commission. But […]
Robert Borosage

Ben Bernankes Secret Global Bank

Thanks to tremendous public pressure and the recently passed Wall Street reform bill, the U.S. Federal Reserve was forced to reveal the details of its emergency bailout of the financial […]
Mary Bottari

Political Corruption GOP Embraces the Ken Lay Way

The GOP has adopted the Ken Lay principles – that is obfuscation, false statements and feigned innocence. Republicans are obfuscating about the real reason for their opposition to extending unemployment […]
Leo Gerard

Alan Simpson Plays Lucy Holding the Football

We all despair of the chump Charlie Brown. Each fall Lucy promises to hold the football. Charlie trusts her. And –bam — she pulls it away at the last moment […]
Robert Borosage

Robert Reich Gets It Tell the Right Story

Robert Reich pleads with Democrats, and President Obama to give Americans a clear explanation about why the economy stinks. He gets it right. The newly liberated leadership of the Democrats […]
Robert Borosage

Fed Audit– Liveblog on Data Dig

Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . […]
Zach Carter
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