News

America Needs To See Past The Myth Of The ‘Free Market’

One of the most deceptive ideas continuously sounded by the Right (and its fathomless think tanks and media outlets) is that the “free market” is natural and inevitable, existing outside and beyond government. So whatever inequality or insecurity it generates is beyond our control. And whatever ways we might seek […]
America Needs To See Past The Myth Of The ‘Free Market’
News

Why There’s a Bull Market for Stocks And Bear Market for Workers

[credit provider=””>Daniel Goodman / Business Insider”] Wednesday the Dow Jones Industrial Average rose above 14,270 – completely erasing its 54 per cent loss between 2007 and 2009.The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then.
Why There’s a Bull Market for Stocks And Bear Market for Workers
News

Obama Can Make A Brilliant Reversal To Stop The Sequester

[credit provider=”Familymwr/Flickr” url=”http://www.flickr.com/photos/familymwr/5610508676/”] What should the President do now?Push to repeal the sequester (a reconciliation bill in the Senate would allow repeal with 51 votes, thereby putting pressure on House Republicans), and replace it with a “Build America’s Future” Act that would close tax loopholes used by the wealthy, end […]
Obama Can Make A Brilliant Reversal To Stop The Sequester
News

Republicans Are Telling A Big, Dangerous Lie About The Economy

[credit provider=””>http://commons.wikimedia.org/wiki/File:Chopper,_meat_axe.jpg”] Senate minority leader Mitch McConnell (R., Ky.) says Senate Republicans will unanimously support a balanced-budget amendment, to be unveiled Wednesday as the core of the GOP’s fiscal agenda.There’s no chance of passage so why are Republicans pushing it now? “Just because something may not pass doesn’t mean that […]
Republicans Are Telling A Big, Dangerous Lie About The Economy
News

Obama Is Ignoring The Biggest Problem In America

[credit provider=”AP”] If you’re sitting in the well of the House when a president gives a State of the Union address (as I’ve had the privilege of doing five times), the hardest part is on the knees. You’re required to stand and applaud every applause line, which means, if you’re […]
Obama Is Ignoring The Biggest Problem In America
News

Why This Is The Most Anemic Recovery In Modern History

We are in the most anemic recovery in modern history, yet our political leaders in Washington aren’t doing squat about it. In fact, apart from the Fed – which continues to hold interest rates down in the quixotic hope that banks will begin lending again to average people – the […]
Why This Is The Most Anemic Recovery In Modern History
Markets

The US Recovery Is Dangerously Unbalanced

[credit provider=”swerdroid via www.flickr.com creative commons” url=”http://www.flickr.com/photos/swerdroid/3407306462/”] The Conference Board reported Tuesday that the preliminary January figure for consumer confidence in the United States fell to its lowest level in more than a year.The last time consumers were this bummed out was October 2011, when there was widespread talk of […]
The US Recovery Is Dangerously Unbalanced
News

America Faces Catastrophic Levels Of Inequality

[credit provider=”jaynemoo via www.flickr.com creative commons” url=”http://www.flickr.com/photos/jayneward/3003292514/”] As President Obama said in his inaugural address last week, America “cannot succeed when a shrinking few do very well and a growing many barely make it.”Yet that continues to be the direction we’re heading in.
America Faces Catastrophic Levels Of Inequality
News

There’s Only One Way To Beat The Republican Fanatics

[credit provider=”Steven | Alan via www.flickr.com Creative Commons” url=”http://www.flickr.com/photos/stevenworster/6996045177/”] President Obama is cutting his Christmas holiday short, returning to Washington for a last attempt at avoiding the fiscal cliff. But he’s running headlong into the Republican strategy of fanaticism.It’s a long-established principle of game theory (see Thomas Schelling’s classic 1956 essay […]
There’s Only One Way To Beat The Republican Fanatics
News

The Republican Party Is Marginalizing Itself Out Of Existence

[credit provider=”AP”] Remarkably, John Boehner couldn’t get enough House Republicans to vote in favour of his proposal to keep the Bush tax cuts in place on the first million dollars of everyone’s income and apply the old Clinton rates only to dollars over and above a million.What? Even Grover Norquist […]
The Republican Party Is Marginalizing Itself Out Of Existence