Robert Gibbs has issued a statement trying to walk back his critique of the “professional left” in an interview with The Hill. Here’s Gibbs statement (via The Plum Line) I watch too much cable, I admit. Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout […]
The big news today is President Obama’s pick for the Supreme Court, Solicitor General Elena Kagan. I’ll be the first to admin that I don’t really know that much about Kagan. Eliot Spitzer, a long time friend of Kagan’s, was out today giving her big praises. To me, that endorsement is enough to say she […]
CNN is asking if financial regulation will hurt the Democrats fundraising: They do well with Wall Street, but Democrats may now risk biting the hand that feeds many of them — as President Obama and top party leaders press for financial reform. And a key question arises: will there be a squeeze on the money […]
Now that the American people have bailed out the banking system and our leaders are looking at ways to recoup the hundreds of billions of tax dollars we have spent, Wall Street is starting to look at ways to get out of paying us back. According to an article in today’s New York Times, the […]
The last decade is by no doubt the Bush decade since he held office for 4/5 of it, so the fact that we had zero net job creating during the decade should really stick to his legacy. To put it in visual terms, check out this graph: You can only blame 9/11 for so much […]
People can keep saying that this isn’t a hand out to insurance companies, but the simple fact that their stocks are sky rocketing tells a totally different story. In this case I will go with the opinion of Wall Street.
That’s the fewest since December of 2007: The unemployment rate fell to 10 percent in November as employers cut the smallest number of jobs since the recession began. The Labor Department says the economy shed 11,000 jobs last month, an improvement from October’s revised total of 111,000. That’s also much better than the 130,000 Wall […]
Bernie Sanders does what others should have done: Sen. Bernie Sanders Wednesday placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. “The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the […]
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 […]
Statistics like this in the richest nation on the planet are totally unacceptable: The number of Americans that have trouble putting food on the table shot up last year in an unprecedented spike to a record 17 million households, the government reported on Monday. The Department of Agriculture report, which has been released annually since […]