Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.
Randy Shaw: The biggest story will be President Obama’s “new” relationship with Congressional Republicans; as if the president had not reached out to obstructionist Republicans from the start. We will be deluged with stories describing the “idealism and vision” of newly seated House Republicans, despite their allegiance to large corporations and goal of restoring failed Hoover-era policies.
Ron Wolff: The “Inland Empire” is a vast stretch of land east of Los Angeles County inhabited mostly by cacti and Republicans, characterized over the years by brazen political corruption (the most recent former San Bernardino County assessor used the office as a political headquarters when he wasn’t high on meth or participating in rehab) and the intellectual analysis of issues on a level of sophistication that would make any fifth grader proud.
Robert Reich: The deal the President struck with Republican leaders is an abomination. It’s larger than the bailout of Wall Street, GM, and Chrysler put together, larger than the stimulus package, larger than anything that’s come out of Washington in years. The president needs new advisors.
Robert Reich: In political terms, a strong stand enables the President to clearly demonstrate who’s side he’s on (the working and middle class that’s still bearing the brunt of this lousy economy) and who’s side the Republicans are on (the powerful and privileged who brought much of this on, and who are now doing just fine).
Berry Craig: Republican charges that Obama and the Democrats are “socialists” only shows how far right-wing the old party of Lincoln and Liberty has slid.
Kamala Harris California Attorney General On behalf of the Los Angeles County Democratic Party, I congratulate Attorney General-Elect Kamala Harris for her victory. As of today, she leads Republican Steve Cooley by 51,585 votes statewide and she has widened her lead in Los Angeles County significantly by 312,925 votes. Clearly, Los Angeles County voters made [...]
TEd Vaill: The Republicans should remember that the vote in the 2010 elections, especially in Middle America, was not a vote of support for them, as their approval rating is worse than the Democrats, but it is a sign of huge discontent: a house that is underwater, with no relief from their crushing mortgage debt in sight, a job that has vanished or is in danger of being shipped overseas, diminishing hope that they will be able to afford to send their kids to college, and a feeling that their government has turned a blind eye to their problems.
Anthony Samad: Do Republicans expect these two segments of Obama’s enormous base to stay home in 2012? If they do, they had better wake up. The “Obama Wave” is waitin’ on ’em.
Robert Reich: The President says a Republican proposal to extend the Bush tax cuts to everyone for two years is a “basis for conversation.” I hope this doesn’t mean another Obama cave-in.
Mario Solis-Marich: The power of Latino voters has increased dramatically and for the first time in history the Democrats are in catch up mode with the nation’s newest voting bloc.
According to Christine O’Donnell, “Republican cannibalism” was the cause of her loss in the congressional race. Take a look at the TPM video.