"Words that make actions speak louder."
Monday in Raleigh, North Carolina, Illinois Sen. Barack Obama opened the general election fight, taking the gloves off against the “tired and misguided [economic] philosophy that has dominated Washington for too long,” and offering a clear challenge to the Bush-McCain economic misrule. In Washington before the National Federation of Independent Business, McCain counterpunched, suggesting the […]
“We’re going to give you the change you deserve.” —House Minority Leader John Boehner That’s not a threat; it’s a promise—from the Republican congressional leaders. Really. Led by perpetually tanned House leader John Boehner, Republicans have suddenly discovered that the country wants change—and they have decided to offer it to us. Washington is broken and […]
Oil companies report record profits. Gas is headed towards $4 a gallon. A caravan of more than 100 truckers rallied in Washington Monday to protest diesel fuel prices already over that mark. Across the country, Americans are getting pinched by rising fuel and food prices. So politicians, as Rev. Jeremiah Wright would say, “do what […]
David Broder’s April 24 Washington Post column on Arizona Sen. John McCain, entitled “The Democrats’ Worst Nightmare,” concludes with this little nugget: “Yet, in pointing to those vulnerabilities in her rival, Clinton has heightened the most obvious liability she would carry into a fight against McCain. In an age of deep cynicism about politicians of […]
On Wall Street, the masters of the universe have turned to prayer and worry beads. At the Federal Reserve, a full night’s sleep is a fading memory. Across Main Street, the recession is starting to hit, stores are shutting down, bankruptcies are spreading, houses are being foreclosed or abandoned. The pain of the recession is […]
These are excerpts of remarks delivered April 9 at the Conference on a New New Deal in Washington, sponsored by the Franklin and Eleanor Roosevelt Institute. Let me offer a simple set of propositions. 1. Conservatism has failed—and conservatives, while they cannot admit it, understand that. You’ve heard this before, but it is important […]
The economy is tanking. Gas is headed to $4 a gallon. One in ten homes are “under water,” worth less than their mortgages. The International Monetary Fund predicts up to $1 trillion in financial losses, meaning banks and securities firms that have written off abut $230 billion are still staring at the abyss. The war […]
By Rob Johnson and Robert Borosage The world has changed. The market fundamentalism that has dominated our economics over last three decades has been unmasked as a sham, deemed useless by the guardian of the integrity of finance itself, the Federal Reserve. Without a vote of the Congress or a public debate, the Bush administration […]
One in ten homes is “under water” – worth less than their mortgages. 2 million homeowners are headed to foreclosure. The shadow banking system verges on collapse. Banks across world are shaken. The world fears global recession. Fearful of a catastrophic unraveling, the Federal Reserve has slashed interest rates. The Federal not only ponied up […]
Our McCain ad struck a chord, eliciting both reason and vitriol. It strikes me that it is worth being clear what the ad says and doesn’t say. Other than the bad French accent, it isn’t anti-French, xenophobic or “racist.” It doesn’t accuse the French of taking jobs from us. It features a Frenchman hailing Sen. […]