With the deal announced to raise the debt ceiling and instill trillions in cuts during a recession, it is time to declare the that the right owns the economy. So just how bad is this deal? Here’s Paul Krugman’s take: For the deal itself, given the available information, is a disaster, and not just for […]
The mayor of New York hits the nail on the head: Correcting this imbalance is not easy, but in a growing number of states, budget deficits are being used to justify efforts to scale back not only labor costs, but labor rights. The impulse is understandable; public sector unions all too often stand in the […]
This could prove interesting for the U.S.: Large-scale protests appear to have overthrown the government of Kyrgyzstan, an important American ally in Central Asia, after violence between riot police officers and opposition demonstrators on Thursday killed at least 17 people. The country’s president, Kurmanbek Bakiyev, fled the capital, Bishkek, on his plane, and the opposition […]
A grim assessment about the future of health care reform: Another senior House Democrat familiar with negotiations on the bill said no progress has been made this week on any of the key sticking points in the House and Senate bills, despite steady meetings with union leaders and the White House. “There’s no agreement. No […]
Obama’s grass roots organization is starting to really feel the heat on health care reform: On Wednesday morning, Organizing for America, as Obama’s reconstituted campaign organization is now known, e-mailed its list of 13 million Obama supporters asking them to “call your senators now and help us ‘ring in reform.’” The campaign yielded 150,000 calls […]
Yesterday Bob Dole joined a growing number of big name Republicans in supporting the health care bill: “Sometimes people fight you just to fight you,” he said, according to The Kansas City Star. “They don’t want Reagan to get it, they don’t want Obama to get it, so we’ve got to kill it…” “Health care […]
The Obama administration is in trouble. Public anger over these AIG bonuses appear to be the final straw: The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President […]
Every single Republican in the House votes against the stimulus bill. You got to hand it to them – they stick together no matter how far off the cliff the leadership is driving them. What gets me though is that the Democrats kept making concessions to the Republicans on this, and like a bunch of […]
We are rapidly losing jobs. The economy is on the brink. This week has been no better, yet Republican leadership continues to play games with the stimulus bill. Here’s how the Democrats need to proceed on it. The stimulus package has strong public support, while the Republican leaders opposing it have some of the lowest […]
com·pro·mise n. 1. a. A settlement of differences in which each side makes concessions. b. The result of such a settlement. 2. Something that combines qualities or elements of different things: The incongruous design is a compromise between high tech and early American. 3. A concession to something detrimental or pejorative: a compromise of morality. […]