"Words that make actions speak louder."
Free fall. The U.S. has lost private sector jobs for 10 straight months. One quarter of all businesses in the U.S. plan to cut payroll over the next year. Retail sales fell in October by the largest monthly drop on record. Auto sales have collapsed, driving the auto companies towards the precipice. Unemployment is up […]
Conservatives started spinning even before the dancing stopped on election night. Obama’s victory is impressive, but “this is still a center right nation,” went the mantra. “This was a good Democratic year, says Bill Kristol, “but this is still a center-right country. Conservative and the Republican Party will have a real chance for a comeback. […]
Barack Obama’s historic victory in 2008 spearheaded not only a change election, but a sea-change election. It marks the end of the conservative era that has dominated our politics since 1980, and the beginning of a new era of progressive reform, driven by an emerging progressive majority. The scope of the victory itself reflects the […]
Americans wake today to a new dawn, a new possibility. You don’t have to drink the Kool-Aid to appreciate how extraordinary this is. We will look at one another with new eyes. We are a better, bigger, more generous, more optimistic people than many—particularly Karl Rove’s acolytes in the McCain campaign—assumed. The world will also […]
An Institute for America’s Future op-a
It marks the end of an era. Alan Greenspan, the maestro, defender of the market fundamentalist faith, champion of deregulation, celebrator of exotic banking inventions, admitted Thursday in a hearing before Rep. Henry Waxman’s House Committee and Oversight and Government Reform that he got it wrong. “Those of us who have looked to the self-interest […]
Focused on the election? Might be a good idea to watch your pockets at the same time. Here’s a glance at what’s happening to the Wall Street bailout. Hank Paulson is, no doubt, the most impressive of the Bush administration cabinet members (admittedly not a high bar). He made hundreds of millions on Wall Street, […]
Peering fearlessly into the increasingly likely terror of a Democratic President with larger Democratic majorities in both houses of Congress, the Wall Street Journal editorial page sums up the stark horrors that could ensue. Voters will be registered. Workers organized. Banks regulated. Health care provided for all. Government investment will drive a green revolution that […]
Nouriel Roubini is one of the few economists who warned about the housing bubble and predicted the financial collapse before it occurred. His alarms — dismissed as extreme by Wall Street nabobs and most economists — turned out to be right. Now he details the scope — and the limits of the global financial rescue […]
Hey, “my friends,” about the economy? “How about a little straight talk?” All that palaver about cutting spending, balancing the budget? Ruinous. Can’t happen. We’re going to have to borrow and spend a boatload of money to get this economy going. And tax cuts? That won’t do it; we have to rebuild America. Getting this […]