"Words that make actions speak louder."
Voters are in a surly temper. The economy stinks. Jobs are scarce. Wages are under pressure. One in 4 homes with mortgages is underwater. Retirement savings have been butchered; pensions are at risk. Bailed out bankers are paying themselves record bonuses; the oil keeps fouling the Gulf; the jobs aren’t coming back. It is ugly […]
The ManufactureThis blog is liveblogging the hearing on the National Manufacturing Strategy Act of 2010 before t
There are times when you wonder a politician actually believes what he’s saying, is just seeing how much he can get away with saying, doesn’t know how reality-challenged he sounds, or doesn’t care. In Mitch McConnell’s case, his statement that "there’s no evidence whatsoever that the Bush tax cuts actually diminished revenue" is probably a […]
The U.S. Chamber of Commerce’s “jobs summit” today is less a “jobs summit” and more an effort to further sabotage the Obama administration’s efforts to reform the economy and make the economy work for working people. It is also a whine-fest, chock full of right-wing, blame-the-socialist-in-the-White-House talking points. Chamber of Commerce President Thomas H. Donohoe’s […]
Too-big-to-fail is a much bigger problem than you thought. We’ve all read damning accounts of the government saving banks from their risky subprime bets, but it turns out that the Wall Street privilege problem is far more deeply ingrained in the U.S. legal system than the simple bailouts witnessed in 2008. America’s largest banks can […]
“Everyone knows Americans are lazy, shiftless, always looking for a way to shirk their responsibilities. People don’t want to work so we have to make them work. And good dose of humiliation is good for the soul. If you let them have any dignity they might get uppity.” That is what conservatives sound like when […]
Less than two months ago, economist Nouriel Roubini, the "Dr. Doom" who foresaw the 2008 economic implosion, told our own Zach Carter in an interview for Alternet that the United States needed to focus on lowering its federal deficit, and "drugging the economy with more economic stimulus or more bailouts is not going to work." […]
From the Citizens Trade Campaign Earlier this year, 130 members of Congress sent a letter to Treasury Secretary Tim Geithner urging him to designate China as a currency manipulator. This week, the Treasury Department once again refused. Today, July 13th, call your Senators at 202-224-3121 and ask them to support legislation to rein in currency […]
In a nation wracked with unemployment and recession, Wall Street firms are still paying billions of dollars in bonuses – and they’re hiring, too. The Federal Reserve recently affirmed its right to regulate executive pay, but has yet to take action on it. It should. These two facts – that bankers are earning billions while […]
Cut spending? Wait – where did that terrible idea come from? Government is We, the People and its job is to protect and empower us. Why in the world would we want to cut back on that? WSJ today, The Bush Tax Cuts and the Deficit Myth, “Runaway government spending, not declining tax revenues, is […]