Why S&P Has No Business Downgrading the U.S.

wall-street-bull-wide

Robert Reich: S&P’s intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P’s failures (along with the failures of the two other major credit-rating agencies — Fitch and Moody’s) to do their jobs before the financial meltdown.

Republican Double-Dip: What Must Be Done

bull market

Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.

For Progressives, Debt Ceiling “Deal” Was a Real Downer

wall-street-vulture-wide

Joseph Palermo: The last-minute lobbying by the titans of industry and finance shows that President Obama might have had more leverage over the Republicans in the debt ceiling “negotiations” than he chose to exercise. We now breathlessly await the arrival of the “Super Committee,” the tragedy that follows the farce.

Say It Ain’t So, O!

obama-and-staff-wide

Stanley Kutler: Our problems with governance lie far beyond the character of Obama, or with the Lilliputians who run Congress. Our “leaders” will not lead; worse yet, they refuse to honestly confront the nation’s interest or needs.

The Debt Ceiling Crisis: Let’s Get Personal

circus-social-classes-wide

Walter Brasch: Since you like hunting, and they like hunting, your banker friends will let you buy all the guns and ammunition you want. But, they can’t help you on your health bills, or even lower the insurance premiums and co-pays. And, they can’t do much for that inflated mortgage payment. Or to help you find another job.

“Hurray! Congress Is to Adjourn!”

mark twain

Ted Vaill: Seventy or eighty arch-conservative Tea Party members of the House and Senate have held this country hostage to their right-wing demands that we sacrifice entitlements belonging to ordinary, hard working Americans for the benefit of their rich friends. What is the mood of the ordinary American? Disgust.

The Debt-Ceiling Deal Disaster

debt ceiling plan

Brent Budowsky: House Speaker John Boehner (R-Ohio) could not deliver enough Republican votes. He was some 40 votes short. At the very moment when Democrats had leverage, they still caved and asked for and received nothing in return.

Primary Lessons

vijay prashad

Vijay Prashad: In the Progressive Caucus there was unanimity in the critique, but some hesitation over the way ahead. A few people felt that the far right was dangerous, and it seemed unsafe to unhinge what appeared to be Obama’s walkover in 2012.

Ransom Paid

laugh-or-cry-wide

Robert Reich: Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.

Understanding ‘Debtageddon’ Tuesday

duel-wide

Denis Campbell: Many economists predict a failure to act before Asia markets open Sunday or Monday night could see an immediate stock market loss of up to 5% and wipe out 10% of US GDP by Tuesday night. It’s that serious.

7 Myths That Drive the Debt Ceiling Debate

budget-crisis-wide

Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.

Black Leaders Rebuke Obama

john-conyers-wide

Sharon Kyle; President Obama has the wrong team Cornel West told a reporter. The poor, particularly blacks and browns are suffering under his leadership.

How Debt Ceiling Crisis Reelects Obama

obamas-world-cup-wide

Tom Hall: The mainstream media has had little to say about Obama’s accomplishments. Why would they? The mainstream media is owned by, and serves, a handful of huge corporations in New York.

Democracy Is Messy

lexington minuteman

Ted Vaill: Every Member of Congress who voted against increasing the debt ceiling should be targeted for defeat in the 2012 election. If that is not successful in changing the makeup of Congress after 2012, I may follow the lead of my ancestor Pelatiah Everett, and begin a new revolution.

The GOP’s Cynical Bluff

reagangelicals

Tina Dupuy: Their real goal is the pyrrhic victory of making the President fail because they think the GOP will rise from the country’s ashes.

Banana Republicans

eric cantor gives america the finger

Brent Budowsky: The extreme hard-line attitude of many Republicans has significantly raised the prospects for a national default and rating agency downgrades that would sweep across the nation and many states, causing an economic cataclysm and public outrage unlike anything ever seen in the history of the republic.

The Dangerous Hi-Jinks of the GOP’s Juveniles

countdown-to-deficit-wide

Robert Reich: The GOP’s experienced actors – House Speaker John Boehner and Senate Minority Leader Mitch McConnell – have been upstaged by juveniles like Eric Cantor and Michele Bachmann, who don’t know the difference between playacting and governing. Washington has gone from theater to reality TV – a game of hi-jinks chicken that could end in a crash.

Bad “Bitches”, True Women

black pregnant woman

Sikivu Hutchinson: As Middle America shuffles out of its hangover from the Casey Anthony trial and into the debt ceiling morass, the war on women has been fueled by an insidious 21st century cult of true womanhood.

Our Hope for Change Still Not Fulfilled

obama-barnes-wide

Walter Brasch: After significant compromise with the recalcitrant Republicans who want to continue to give the wealthy tax advantages while cutting significant social programs, President Obama has finally taken a stand on debt ceiling negotiations. However, in labor, wildlife management, and the environment he is still compromising rather than coming out forcefully for the principles he and the working class and environmentalists believe.

Why Mitch McConnell Will Win the Day

mitch mcconnell

Robert Reich: Senate Minority Leader Mitch McConnell’s compromise on the debt ceiling is a win for the President disguised as a win for Republicans. But it really just kicks the can down the road past the 2012 election – which is what almost every sane politician in Washington wants to happen in any event.

Related Posts Plugin for WordPress, Blogger...