Robert Reich: The real message from voters was “Fix this stinking economy.” But Republicans have no intention of doing so. With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.
Stanley I. Kutler: For the past year, the media, reflecting disenchantment with Barack Obama, their very own rock star, have “predicted” huge Democratic losses for 2010. Like blackbirds who fly off the line (as Eugene McCarthy once said), the media follows in lockstep.
Robert Reich: John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”
Tom Degan: Glenn Beck – The louse that roared. Does the FCC have any rules about incitement to violence? If they don’t, they really should. The other day on his nationally syndicated radio program Beck made the claim that America can expect violence in the very-near future — and that the president of the United States will be the instigator!
Michael Sigman: But lest the healthy anger of progressives during the Bush years curdle into full-blown, hide-under-the-covers depression, it’s worth asking: When did Washington work, anyway?
Robert Reich: Both Greenspan and Rubin are deficit hawks. So was Herbert Hoover and so was Hoover’s Treasury Secretary Andrew Mellon. And look what Hoover and Mellon got us into. When we least need him, Hoover is being exhumed.
Robert Reich: The President should stop talking and acting on anything else – not the deficit, not energy, not the environment, not immigration, not implementing the health care law, not education. He should make the whole upcoming mid-term election a national referendum on putting Americans back to work, and his jobs bill. Are you for it or against it?
So much for the Republican chant of “stimulus is bad” and “we need a balanced budget.” Nobel Prize winning columnist Paul Krugman points out on his New York Times blog yesterday that the world economy right now is more or less at the point John Maynard Keynes described in his essay The Great Slump of […]
The election of Barack Obama has generated speculation that he can—and will—emulate the presidency of Franklin D. Roosevelt in the manner in which he manages the problems that overwhelmed George W. Bush in his second term. In The Politics Presidents Make, Stephen Skoronek argues that presidents who come into office opposed to an existing vulnerable […]
There isn’t much point showing the Republican Party that they’ve lost it completely and are floating out to sea, alone and abandoned on a shrinking iceberg like an aged bull walrus driven from the herd. After all, new party chairman Michael Steele doesn’t know that when you work, you have a job and vice versa, […]
e’re lucky the Democrats have large majorities in Congress because every Republican member of the House of Representatives voted against the $825 billion stimulus bill today. The vote was 244 to 188, with 11 like-minded Democrats joining in the betrayal. Even a face-to-face meeting with the President on Capitol Hill failed to sway any of […]
by Robert Brent Toplin — Customers at my local Barnes & Noble store are likely to get the impression that books about Franklin D. Roosevelt are all the rage these days. When they stand in line to pay the cashier, they come upon a large display of volumes dealing with FDR and the Great Depression. […]
The United States is in the midst of the worst financial crisis since the Great Depression. The question is: How close are we to another Great Depression? The answer is: Very close. Here’s why. The Great Depression was the result of the combination of the 1929 financial crisis and serious structural problems in the American […]