Why Mitch McConnell Will Win the Day

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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.

Elected on Hope, Obama Governs Through Fear

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Randy Shaw: Obama ran for president preaching hope and rejecting appeals to fear, but now has become exactly what he railed against.

America Held Hostage

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Tom Degan: In a move that is as transparent as it is outrageous, our Republicans representatives are so desperate to take back the White House and the senate in 2012, they are within twenty-six days of sending the American economy – along with the American people – into the abyss.

The Day the GOP Shot Ol’ America Down

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Ted Vaill: In less than a month, unless they relent in their effort to destroy the American (and the world) economy to curry favor with their Tea Party wing, the Republicans in Congress will cause the American government to default on its debt, on August 2, 2011 or thereabouts.

July 4 Infamy: Republicans Try to Destroy America’s Economy

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Brent Budowsky: On this July 4 the Republican Party is divided between the hope America fails Republicans, who appear to actively want joblessness to rise to seek political gain, and the radical Republicans who adore Ayn Rand.

The Carnage on Wall Street

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Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.

The Swamp of Washington and the Morass of the Economy

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Robert Reich: If the Democrats remain silent, the vacuum will be filled by the Republican snake oil of federal spending cuts and cut taxes on big corporations and the wealthy.

Back Toward Double Dip

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Robert Reich: The Republican lie that the nation’s long-term budget deficit is responsible for high unemployment would be laughable if it weren’t so tragically irrelevant to the current situation.

Budget Jujitsu

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Robert Reich: We can reduce the long-term budget deficit, keep everything Americans truly depend on, and also increase spending on education and infrastructure — by cutting unnecessary military expenditures, ending corporate welfare, and raising taxes on the rich.

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The Battle for the Soul of the GOP

Robert Reich: Tea Partiers have almost as much contempt for big business and the Street as they do for government. After all, the Tea Party was born in anger over the Wall Street bailout. This is the heart of the civil war in the GOP.

Washington: Pay Attention to the Economy

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Robert Reich: Even for Americans with jobs, wages are going nowhere. Basically, the only employers hiring are paying peanuts. McDonalds just announced it would start hiring big time.

The Next Global Crash

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Brent Budowsky: Make no mistake: If the debt ceiling is not extended and America goes into default, markets and economies around the world will probably crash.

Right-Wing Bullies Hold Nation Hostage

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Robert Reich: I hope the President decides he has to take a stand, and the sooner the better.

The Tea Party Conservative Strategy for 2011

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Robert Reich: Next week starts the new Congress, and with it the Tea Party conservatives. What are they going to do about government spending? Knowing they don’t stand a chance of getting a direct repeal of the healthcare mandate, they’ll try to strip the federal budget appropriation of money needed to put the healthcare mandate into effect. This could lead to a standoff with the White House over government funding in general, and a possible government shutdown.

Specifically, What Should Be Done for Jobs?

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It would be hard to get a new stimulus package through Congress, but no member who’s up for reelection next year when unemployment is likely to be in double digits wants to be accused by rivals of voting against steps to help small businesses, public schools, childrens’ health, and average working people who need a tax cut.

Go Ahead — Spend It, We’ll Print More

In a stunning deregulation reversal, President Bush in a one-minute statement before retreating back into his sealed White House bunker, called for the creation of a massive $700 billion dollar toxic mortgage bailout RTC-like organization to allow ‘business as usual’ for his Wall Street, white tie base. When you can print your own money you [...]

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