The Tea Party Era Has Begun

So they passed the tax cut compromise. And the fundamental unfairness of it sticks in the craw: the nation is under a great deal of economic stress, yet the Republicans […]

Banana Republic New York City More Unequal Than Chile

From naked “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 […]
Robert Borosage

Obama and the CEOs Looking for Love in All the Wrong Places

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. […]
Robert Borosage

Trapped in Bank of America Hell

Are you one of the lucky ones? Have a good job, live in a nice neighborhood, enjoy your cozy home? Think foreclosure only impacts the reckless or the unemployed? Think […]
Mary Bottari

In the Trenches of the Class War

Roger Simon, Politico: Don’t like the way wealth is distributed? Then you can join congressional Democrats and grump about it, or you can get some wealth for yourself. I’ve been […]

It’s Beginning to Look a Lot Like Oligarchy

It’s beginning to look a lot like Christmas Ev’rywhere you go; Take a look in Tiffany’s store, glistening once again With Wall Street bonus trinkets all aglow. It’s beginning to […]
Leo Gerard

Setting the Trap

Oh my goodness, here are some Republicans trying to help Obama pass his tax cut bill. How bipartisan of them: You may recall Crossroads GPS – the shadowy third-party group […]

Letters From Foreclosure Hell

From ‘Single Mom‘: “I lost everything, I am now losing the roof over our heads, my 30 year history of good credit, my self-respect. I cried at night, sobbed really, […]
Richard Eskow

Americas Next Failed Conservative Stimulus

Unless something drastic happens between now and the vote on President Obama’s tax-cut "compromise" with congressional conservatives, America is headed for its next failed conservative stimulus. Even with the proposed […]
Terrance Heath

Americans Scorn Conservative Stimulus Package

The Washington Post publishes a poll showing most Americans support the tax deal. No surprise: selling a tax cut doesn’t require a profile in courage. The poll provides two […]
Robert Borosage

Its (Still) The Economic Paradigm Stupid

Yesterday I wrote that the President may have sacrificed his long-term vision on trade and economic/industrial policy to day-to-day concerns and politics. The tax-cut deal is another indicator that a […]

Quietly Ticking Time Bomb in Fed Data

Last week, the Federal Reserve was finally forced by law to release some (not all) of the details of its back-door bailout of the global financial system. The Fed data […]
Mary Bottari

The Liberal Dilemma

Kevin Drum wrote an interesting post about the Democrats’ dilemma in dealing with a hardcore opposition that literally doesn’t care if their policies cause human suffering. (Indeed, they actually promote […]

Compassionless Conservatism

It has been said before — recently, even — but it bears saying again and again, as any truth does. Conservatives have finally, and completely, abandoned compassion. Progressives spent much […]
Terrance Heath

Fight Is On For A Better Tax Deal

Democrats in the House of Representatives today opted not to settle for the deal on tax cuts handed to them by President Obama and congressional Republicans, and that opens the […]
Isaiah J. Poole

And The Door Revolves

Sen. Tim Johnson, D-S.C., is almost certain to be chairman of the Senate Banking Committee next year, once current chair Chris Dodd, D-Conn., is out of office. Johnson has never […]
Zach Carter

The New Silent Majority

In 2008, Barack Obama said this: “I think Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not …” He might want to rethink that […]
Richard Eskow

Barney Frank and the Fed Bailout Fallacy

Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed’s bailout operations: […]
Zach Carter

The Untold Cost of the Tax Deal

The White House is peddling its tax-cut deal as a needed stimulus plan, a boost to the economy that will create jobs and generate growth. This new-found concern for jobs […]
Robert Borosage

Do The Deal: For The Jobless. For The Economy.

Deal or No Deal?’s Bill Scher and Dave Johnson make their cases for and against the preliminary tax cut deal between the President and Republican leaders. Bill Scher’s case […]
Bill Scher

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 […]
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