Dotty Lemeiux: [dc]R[/dc]omney clearly held the President down and pummeled him with his riding crop most of Wednesday evening. The patrician bully smiled throughout and lied masterfully, while the president tried not to squirm.
Robert Reich: January’s increase in hiring is good news, but it masks a bigger and more disturbing story – the continuing downward mobility of the American middle class.
Brent Budowsky: There are smiles today throughout the Democratic base because the fighting spirit is back for the Dems.
Brent Budowsky: As President Obama and Democrats battle during this holiday season to enact a tax cut for the 99 percent of Americans who constitute the heart of the nation, House Republicans are making a seismic political blunder reminiscent of the self-destructive overreaching of then-Speaker Newt Gingrich (R-Georgia) that rejuvenated the Clinton presidency during the 1990s.
Robert Reich: The more irresponsible his bomb-throwing, the more attractive Gringrich becomes to a sizable portion of Americans so fed up they feel like throwing bombs.
Denis Campbell: Yet the entire GOP is deluded into thinking they will regain all three branches of government with a policy of tax cuts for the rich and ignoring the 99%?
Robert Reich: Republican leaders are trying to get rank-and-file Republicans to go along with an extended payroll tax holiday — but by paying for it without raising taxes on the very rich.
Sy Slavin: This Canadian study shows that as far as creating new jobs and generally decreasing unemployment, the way to go is increasing governmental infrastructure expenditures.
Robert Reich: So the best of all worlds is to have a big jobs plan now, and also commit to automatic cuts triggered when unemployment falls to 5 percent.
Robert Reich: All flat-tax proposals benefit the rich more than the poor for one simple reason: Today’s tax code is still at least moderately progressive. The rich usually pay a higher percent of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.
Robert Reich: Simple fairness requires three things: More tax brackets at the top, higher rates in each bracket, and the treatment of all sources of income (capital gains included) exactly the same.
Robert Reich: Here’s a short effort to rebut the seven biggest whoppers now being told by those who want to take America backwards.
Steve Hochstadt: Republicans believe that continuing high unemployment will bring Obama down, so they want to preserve what they feel is their winning card: a bad economy.