When the S&P downgraded our credit rating last Friday one of the reasons they gave was the inability of Congress to raise revenues, IE tax increases. That’s rather interesting given the Republican front-runner’s handling of credit ratings in the past: Gov. Mitt Romney lobbied the credit ratings agency Standard & Poor’s in 2004 to raise […]
Image via Wikipedia We knew that it was only a matter of time before the public shifted the blame of the economic mess from Republicans to Democrats and that time has come: Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a […]
From The Nation: When House Appropriations Committee chairman David Obey, the Wisconsin Democrat who has long championed investment in pandemic preparation, included roughly $900 million for that purpose in this year’s emergency stimulus bill, he was ridiculed by conservative operatives and congressional Republicans. Obey and other advocates for the spending argued, correctly, that a pandemic […]