Robert Reich: So it must be that he’s counting on public pressure — especially from the GOP’s patrons on Wall Street and big business — to force Republicans into submission.
John Peeler: Speaker Boehner’s debacle in failing to get his own caucus to support his “Plan B” is not only his failure, it shows the complete disarray of the congressional Republican Party.
Robert Reich: It doesn’t even matter that the new Republican tax cut plan would probably raise taxes on many lower-income Americans, All that matters is the headlines.
Iwan Morgan: the current crisis shows that unity in the face of economic and financial crisis is far more difficult for a 17-member club of nations than for a union of 50 states under one government.
Robert Reich: Occupiers and others have had enough.
Yet paradoxically the presidential race that officially begins a few months from now is likely to be as passionless as they come.
Robert Reich: Chalk up a big part of Europe’s slowdown to the politics and economics of austerity. Europe – including Britain – have turned John Maynard Keynes on his head. They’ve been cutting public spending just when they should be spending more to counteract slowing private spending.
Anthony Samad: The rise of the Tea Party wouldn’t have taken place had we had a white president. Blink if you want to…but the fact this has not happened to any other President has raised my “Race-dar,” beyond anything ideological battles could muster. Race(ism) has not disappeared in this country. It’s just been codified.
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.
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.
Steve Hochstadt: Our economic disaster is not about national debt, but about national poverty. America cannot be a great country, if we do not alleviate the critical economic problems gripping our poorest families.
Robert Reich: Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.
Robert Reich: It’s no accident that President Obama appears to be following the Clinton script. After all, it worked.
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.