Defeat Prop 8

Proposition 8 on the November ballot would take away the right of same-sex couples to marry. A simple majority (50% + 1 vote) is all that is needed to defeat or pass this dangerous and discriminatory constitutional amendment.

The Republican’s Change Campaign Pal(in)es in Comparison with Reasons Some White Women Need Not to Vote for Obama

The Republican National Convention picked up steam and ratings with the pick of Alaska Governor, Sarah Palin. If you had told me that more people would watch John McCain’s acceptance speech than watched Barack Obama historic acceptance speech, I would have told you “crack is whack” and stay off the drugs. Most people would have [...]

The Mothership Hovers Above D’Town: Close Encounters With Progressive Policy

by Brad Parker — Beneath a massive prop that resembled nothing as much as it did the “Mothership” from “Close Encounters of the Third Kind”, strode the stars for the first scene of the 2008 Democratic Convention. Down the gangway they strolled, to a strong R&B beat and a tightly scripted teleprompter. As they read [...]

McCain, Obama, and the Inherent Advantage of Caring More About Ends Than Means

We’ve been here before: The Republican attack machine at full throttle, spewing lies in best-selling books, on Fox News, on talk radio. The mainstream media reporting on the controversy, thereby giving it more air time and squeezing out the Democrats’ affirmative message. Followed by accusations by Democrats that Republicans are playing unfairly. Responded to by [...]

The Fed and Authoritarian Capitalism

greenspan

Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we practice it. Start with the U.S. economy’s most powerful government agency: The Fed, of course. Its decision this week to hold short-term interest rates steady was wrong, in my view; it should have lowered them because [...]

Cindy Sheehan Makes It on Ballot to Oppose Nancy Pelosi

After weeks of collecting signatures from constituents in San Francisco’s 8th Congressional District, Independent candidate Cindy Sheehan has made it onto the November ballot to oppose Speaker of the House, Nancy Pelosi, for Pelosi’s heretofore secure Congressional seat. As Sheehan told me exclusively this afternoon: “I think this is the happiest that I have been [...]

Death of Buick City

Kumar 1950s Buicks

I traveled to Lapeer in Michigan recently to visit an old, dear friend. Lapeer happens to be near the motor city of Flint. I was given a tour of Flint by his wife Sue. Flint was getting ready to have a “celebration” of GM’s 100th anniversary (if you can call it a celebration). I was [...]

The Heart of the Economic Mess

Poverty

The Federal Reserve Board’s “beige book” for June and July offers a clear explanation for why the economy has slowed to a crawl. It shows American consumers cutting way back on their purchases of everything from food to cars to appliances to name-brand products. As they do so, employers inevitably are cutting back on the [...]

A Short Primer on McCainomics Versus Obamanomics: Top-Down or Bottom-Up

Fannie Mae Mortgage Crisis

by Robert Reich — McCain and Obama represent two fundamentally different economic philosophies. McCain’s is top-down economics; Obama’s is bottom-up.

The Gift That Keeps On Giving

by John MacMurray — Before we begin, please keep the following numbers in mind: $7.00 and $10.00. Then hold onto 92 and 164. They all relate to public education, and we’ll explain them in a minute. By making public education the focal point of California’s ongoing budget mess, Republican legislators in California and other states [...]

Crony Capitalism, Not Competition, Marks Bush Oil Policy in Iraq

Sherwood Ross

Eight universities were in the running to get the Bush Presidential Library but Hunt Oil Co. head Ray Hunt, of Dallas, an economics major from Southern Methodist University, co-chaired the SMU search effort and came out on top. His long time pals-ship with “The Decider” may have had more than a bit to do with [...]

Dubai, Or Not To Buy

Oil

by Jerry Drucker – Apologies to the Bard, a great writer who has never been involved in a plagiarism suit. Well, maybe Sir Francis Bacon. This piece was originally written when the question was being asked: Should Dubai guard our most strategic U.S. Ports? The answer to the question follows the soliloquy.

The End of the Great Moderation, the Bailouts of Freddie & Fannie and Wall Street, and the Tattered Safety Net for Everyone Else

Robert Reich

by Robert Reich — As we bail out Wall Street along with Freddie and Fannie and all the top financial executives who have been pocketing tens of millions a year, yet allow millions of homeowners and jobless Americans to sink, it’s worth contemplating what’s happening to the American economy and to our social safety nets.

It Makes You Want to Cry: Economy Hits Seniors Hard

Seniors

He caught me by the elevator. “Do you know how much peanut butter costs at Safeway now as compared to two months ago?” John asked. I didn’t but I had been aware of the recent cost of berries, which were rising out of sight. Joe wanted to know if I had, as requested, written to [...]

Near Insanity at the Federal Reserve

Dominick Armentano

The latest economic news isn’t pretty. Price inflation is raging everywhere, yet in most housing markets, sales are weak and prices are still in near free-fall. Crude oil and gasoline prices are at record levels and still climbing, despite my recent prediction that oil prices would fall (be patient, they will).

Who’s “Minding” the Store? (or Please Pass the Whole Wheat Bread)

Pursuit of Money

LA Progressive

The Oil Splattered Banner (with apologies to Francis Scott Key)

Dick Cheney

O! say can you see by the Dow’s early plight What so weakly we railed at the Big Oil’s last gleaning Whose Bush/Cheney dark lies led us into a perilous fight, O’er the fear ramp ups we watched were so constantly screaming And the Republican’s red glare, with bombs bursting on airs, Gave proof to [...]

The Madness of King George

Wall between U.S. and Mexico

There is a great scene in the film Last of the Mohicans, the Daniel Day Lewis version, in which his character challenges the British General and says when the rule of law is ignored and replaced by absolutism then revolution becomes inevitable. Well, more or less that is the message. In the last several months [...]

American By the Numbers: Read Them and Weep

400,000 – number of veterans likely to experience homelessness nationally 49,724 – number of homeless veterans in California 89% – percent of homeless veterans who received honorable discharges $49,158 – median household income in 2000 (adjusted for inflation) $48,201 – median household income in 2006 $12,168 – salary of a full-time minimum wage employee without [...]

The Housing Crisis: Why the Roof Fell In

The Housing Crisis

By now everyone with a roof over his head has heard about the subprime mortgage mess. Understanding why so many homeowners are defaulting on their mortgages or what mortgage foreclosures have to do with the collapse of the housing market, however, is another matter. To get a better grasp of the mortgage mess I called [...]

Welcome to Northern Haiti: A “Conservative” State Senator E-mails His Constituents

Unsurprisingly, my Republican State Senator, Dave Cox, e-mailed his constituents, saying reducing spending, not increasing taxes, is the answer to California’s $16 billion budget shortfall. He notes that the Legislative Analyst’s Office’s (LAO) proposed alternative budget would raise some additional revenues, and but responds saying “revenues are not the problem. …LAO anticipate[s] that General Fund [...]

Forget Taxes & Spending: Subsidies Are Where the Action Is

Those thinking government is just about taxes and spending need to broaden their horizons, and think of subsidies and favors as the most substantial problems. Taxes are high, not because government is wasteful. They are high because it consistently gives away the store to a select few. Welfare, not for poor people, but for the [...]

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