An excellent Huffington Post item sheds added light on Senate Banking Committee Chairman Chris Dodd’s curious reticence about Elizabeth Warren heading the new Consumer Financial Protection Bureau. The short of it is that while Dodd is very concerned the Harvard professor and standout consumer advocate might not be up to managing the new agency, he’s [...]
Posts under ‘Politics’
Boehner spreads GOP snake oil;
CBO quickly applies dispersant
With timing as all wrong as his speech full of naysaying disinformation about the economic stimulus, Rep. John Boehner, R-Ohio, kicked off the week in fine style. In a report published the same day as Minority Leader John Boehner’s criticism of President Obama’s economic policy, the CBO said the stimulus law boosted the economy by [...]
Economists find bailouts, stimulus
better than head-in-sand alternative
Unfortunately, most voters know economics and economic policy the way they know art: “If I like it, it’s a masterpiece. If I don’t, it’s junk.” Exploiting their instinctive dislike of big deficits is like shooting fish in a barrel, never mind what the alternative was.
Time to pass out some kudos
Amidst a whole lot of bad news and atrocious actors on the national scene, let’s break for a few well-deserved pats on the back, starting with NBC News and MSNBC, for their terrific coverage of the historic exit of the last U.S. Army combat brigade from Iraq. MSNBC paired Rachel Maddow and reporter Richard Engel [...]
Deficit reduction lies and the lying
Murdoch-owned rag spreading them
Banksters know that hurrying on to deficit fighting mode while the U.S. economy 95 percent of us share is still a basket case will not only ensure continued high unemployment, but even higher unemployment. Cutting government spending is just what the doctor ordered for spurring more layoffs and keeping the already jobless idle, miserable and ready to vote incumbents out – most incumbents being Democrats, of course.
Something to seethe about
while we’re briefly away
We’re taking a detour off the information superhighway for a couple of days, so please don’t mistake our lack of visits to your blog for a lack of interest. In the meantime, be sure to see a mind-boggling chart that neatly and graphically contrasts President Obama’s plan for what to do about the expiring Bush [...]
Republicans pitch Hispanic ‘anchor babies’
as obligatory election-year wedge issue
“The Republican war on the 14th Amendment’s citizenship clause is indeed directed at a mortal threat — but not to the American nation. It is the threat that Latino voting poses to the Republican Party. “By proposing to revoke the citizenship of the estimated 4 million U.S.-born children of undocumented immigrants — and, presumably, the [...]
Boehner, Pence great spokesmen
for party of no sensible answers
So, Meet the Press host David Gregory puts it to Republican Reps. John Boehner of Ohio and Mike Pence of Indiana straight up: You want to keep the Bush tax cuts, how are you going to pay for them? They sang. They danced. They probably wet their pants. But they didn’t give a sensible, coherent [...]
Election 2010: Give until it hurts
to avoid getting hurt all over again
Anyone who thinks America’s had enough of government by the corporations, for the corporations and of the corporations – Wall Street banks especially – should keep two factoids in mind right through to November. The first is from Melissa Rossi’s book, What Every American Should Know About Who’s Really Running America (page 217). Heel, boy. [...]
Stockman administers slap down
to McConnell and his GOP drones
Comes now David Stockman, Office of Management and Budget Director during the Reagan administration, giving the back of his hand to today’s Republican advocates of voodoo economics. If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The [...]
