"Words that make actions speak louder."
From naked capitalism.com: “Given its degree of inequality, if New York City were a nation, it would rank 15th worst among 134 countries with respect to income concentration, in between Chile and Honduras. Wall Street, with its stratospheric profits and bonuses, sits within 15 miles of the Bronx—the nation’s poorest county.” The top 1% is […]
The president kicked up his “corporate charm offensive,” meeting for hours with 20 CEOs yesterday. Characteristically, he started with an apology for not “finding the right balance” in addressing business. “We want to be boosters,” he said, because “when you do well, America does well.” The president and the business leaders talked about free trade, […]
Unless something drastic happens between now and the vote on President Obama’s tax-cut "compromise" with congressional conservatives, America is headed for its next failed conservative stimulus. Even with the proposed tweaking around the edges, there is nothing in this bill that hasn’t already been tried and failed. In a sense, we are still living with […]
So now we have the deal. In a society of extreme inequality, the rich – well represented by a unified Republican claque – will make out like bandits: An average tax cut of $25,000 a year for the top two percent (with much of it in six figure numbers for the wealthiest of the wealthy). […]
You’ll be hearing a lot about a Korean Free Trade Agreement in the next few days. Negotiators are finalizing last-minute changes to the Korea Free Trade Agreement before President Obama arrives in Seoul Thursday for the G20 and to meet with President Lee Myung-bak. President Obama hopes that increasing exports will help restore American jobs. […]
The way a lobbyist argues for or against anything today is to say it will create or cost jobs. Prohibiting lawsuits against giant corporations that harm people creates jobs. Making oil drilling safer costs jobs. Tax cuts for the rich creates jobs. Just getting rid of government will create jobs. So, of course, we hear […]
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Members of the Citizens’ Commission on Jobs, Deficits and America’s Economic Future formally released their report earlier today with a declaration that the commission created by the White House to come up with a deficit-reduction plan is poised to make the economy worse. That commission’s report, combined with a conservative agenda that includes ending all […]
"America has spoken." It’s a phrase we’ve heard from the right after every election — special election, run-off or midterm — following the 2008 election in which voters sent Barack Obama to the White House and Democratic majorities to both houses of Congress. Though more Americans voted in that election than any that has followed, […]
Republicans were triumphant in this year’s election in part by arguing they would do a better job at creating jobs. But what have they been prioritizing since they won? What are they actually proposing to do now? Here are the biggest actions Republican have taken since Election Day. See if you can guess what’s missing: […]