Blogs: An Economy for All

In my previous post, I wrote that I'm likely to hear an old favorite conservative talking point repeated over and over again while I'm at CPAC: Married cures poverty, economic inequality, and just about any other economic complaint you can name — especially for black folks. The 9th circuit court's ruling that California's Proposition 8 — which prohibited same-sex marriage in the state — is unconstitutional guarantees I'll hear a lot about same-sex marriage while I'm at CPAC.

What I won't hear at CPAC, besides any specific plans for job creation, is how declining marriage rates are not to blame for economic decline, but economic decline is really to blame for declining marriage rates. I won't hear that the best way to increase marriage rates is improve Americans' economic prospects by growing the economy and putting people back to work. I probably also won't hear that marriage would actually improve the economic standings of one group of Americans: gay couples.

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"You gotta have a J-O-B, if you wanna be with me."

- Gwen Guthrie, "Ain't Nothin' Goin' On But The Rent"

I'm off to cover CPAC tomorrow, where — in light of a federal court ruling California's Proposition 8 unconstitutional — I'm likely to hear a favorite conservative talking point repeated: Marriage cures poverty, unemployment, and another economic problem. Ask any conservative, and they'll tell you as much — even though that particular talking point has no basis in reality.

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As Election Day nears, President Obama is regaining his populist mojo. more »

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Co-written with David Reeves.

Several GOP presidential candidates have made competing claims to the Reagan mantle this election season. So in order to determine once and for all which candidates truly honor the Gipper’s legacy, we are submitting the following questionnaire to the remaining Republican presidential nominee contenders. (Except for you, Mitt-- you were more »

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Just in case you missed the news, "Insider trading" is back. It's even bipartisan. Well, the truth is that it never really went away after its heyday during the 1980s, when Gordon Gekko served as a stand-in for era villains like Michael Milken and Ivan Boesky. It launched more investigations in the 1990s than at any other time, except for the 1980s.

In the "aughts," the names and players changed, but the "inside game" remains the same. Now, Raj Rajaratnam and Martha Stewart serve as stand-ins for Milken and Boesky. Gekko even returned to the scene, getting out of prison little more than year before Rajaratnam began serving his own prison sentence. GOP presidential candidate Mitt Romney could even be called a stand-in for Gordon Gekko, in the 2012 presidential election. (But Newt Gingrich could be a runner-up for that spot.)

Not only are insider trading and inside traders back, but they're not just on Wall Street anymore. They're all over Capitol Hill, and apparently have been for a while. Naturally, now that it's news, there's a bill to ban congressional insider trading —the Stop Trading On Congressional Knowledge Act, a/k/a the STOCK Act.

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Originally posted at Capital Gains and Games. more »

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Last week several groups, including the United Steelworkers, petitioned the federal government to whack the latest trade mole – illegally traded auto parts from China.

With President Obama announcing creation of a new trade enforcement unit in his State of the Union Addre more »

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I wrote earlier that Newt Gingrich's campaign is one of mutually assured destruction for the GOP. No one, I wrote, has to lift a finger to destroy Newt Gingrich. Just stand back, give him room, and he'll do it himself. The thing is, you want to stand way, way back — otherwise Newt's liable to try and take you with him. The problem for the GOP is that they can't put enough daylight between themselves and Newt. And even if they manage to do that, they're still stuck with Mitt.

The latest self-destruction of Newt Gingrich will be televised. If he's able to carry on after losing the Nevada Primary to Mitt Romney, and make good on his promise to campaign all the way to the convention in Tampa, we can look forward to more performances like his post-Iowa temper tantrum, his post-Florida flame-out, and his bizarre concession-speech-cum-press-conference after Nevada.

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Any resemblance between democracy and U.S. Presidential politics has become, in our new super PAC era, purely coincidental. The only mystery: Why aren't billionaires placing even bigger bets?

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Along with squandering a federal budget surplus, getting us mired in two “wars” and devastating the net worth of most Americans, today’s revised jobs data show a net loss of 646,000 private sector jobs during the eight Bush/Cheney Republican presidential years—and only 1,466,000 private sector net jobs were created during G.H.W. Bush’s four years.

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