Nancy Pelosi

Gandhi famously answered the question "What do you think of Western Civilization?" by saying "I think it would be a good idea." That phrase might come in handy the next time somebody asks what you think of a two-party democracy: It would be a good idea. As the economy burns to the ground, nobody's calling the Fire Department. Both parties want to throw gasoline on the fire, and their only disagreement is whether to use regular gas or unleaded.

Here's a challenge, if anyone's willing to take it: Can you read the statistics below without concluding that our current debate is a national disgrace? Both parties are pushing radical and counterproductive cuts that would devastate middle class and lower-income Americans, compounding the misery for ninety percent of us. Neither asks the top one percent of earners, some of whom caused this crisis, to help repair the damage after enjoying historically low tax rates.

And this isn't just somebody's opinion. These are the numbers talking, not me. John Boehner's plan is a radical right-wing assault on government that would have embarrassed previous generations of Republicans. Nevertheless, his party's base and members of the House will probably reject it. Harry Reid's proposal is also devastating - and his party's rank and file may very well support it. It's hard to know which is a sadder statement on the degraded state of our politics.

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People in the capital were thrilled by Twitter's role in 2009's Iranian uprisings. They probably weren't as excited this weekend when a new "hashtag" (topic) suddenly climbed toward the top of Twitter's trend list. It's not printable here, but the first word began with a "F." After that came the words "you" and "Washington." more »

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Only two budget proposals are being 'taken seriously' in Washington right now. One adopts the rhetoric of "austerity economics," that grab-bag of right-wing misconceptions that's weakened the British economy and wounded its ruling coalition.

The other comes from the Republicans.

There's a third budget plan, too. It reflects the views most Americans hold - including, in some cases, most Republicans . But it's either being ignored or contemptuously dismissed by the People That Matter, apparently for that most traditionally British of reasons: it doesn't come from "the right sort of people."

What this country really needs right now is an opposition party, one that refuses to accept stale and discredited conservative ideas. The President and other Democrats have been governing as if they were in a coalition government with Republicans - and sometimes like the junior partner in that coalition. There are better ways to serve themselves, their party, and their country. more »

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Speaker Nancy Pelosi will relinquish the gavel to the perpetually tanned, lachrymose Republican leader John Boehner when the new Congress convenes next January. It will be four years after that January 4, 2007 day when she "broke the marble ceiling" and became the first woman Speaker in the two-century history of the House.

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Nancy Pelosi has just announced that she's running for the position of House Minority Leader. As a San Franciscan, maybe she understood that turning her leadership role over to the Blue Dogs would have been like giving the Giants franchise to Oakland. She's been the most effective Speaker in a generation and she'll be equally effective in the opposition. more »

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The Republican Party's attempt to privatize Social Security under George W. Bush was wildly unpopular. At least one Republican Congressional candidate is openly calling for Social Security cuts, and Rep. Paul Ryan's widely-publicized "Roadmap for the Future" includes both privatization and benefit cuts. With all these GOP threats to a popular program, why do polls show that the Democratic Party's advantage on this issue has collapsed?

Here's one reason: Voters want to know that their leaders won't cut Social Security benefits, and not enough Democrats have promised they won't. Some, including the President, are avoiding the issue or changing the subject. Democrats clearly think that Social Security is a winning issue for them, but polls suggest that voters aren't likely to be swayed by declarations that oppose privatization but are vague on benefits. more »

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At the Netroots Nation convention today in Las Vegas, Speaker Nancy Pelosi talked about an upcoming Congressional initiative to help restore American manufacturing. The initiative, called “Making It In America” will include a series of bills to be introduced after the summer recess. more »

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Feel free to read Dana Milbank if that sort of thing appeals to you, but don't imagine for a minute that you're learning anything. That would be like studying the French Revolution by reading Marie Antoinette's cake recipes. The Milbank school of journalism - which at this point is American journalism -doesn't just fail to inform. Somehow it's able to subtract from a reader's overall body of information, as if by magic, leaving her or him even less informed than they were before. more »

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On Tuesday, House Speaker Nancy Pelosi will address a nationwide gathering of progressives at America's Future Now! -- one day after the conference holds "The Great Debate: Progressive Strategy in the Obama Era," where attendees will discuss whether to fully back President Obama's agenda or consti more »

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President Obama's Department of Justice announced last week that there would be no indictments in the collapse of AIG, an event which led to a worldwide economic collapse and cost the American taxpayer trillions. As someone who once worked for AIG I was shocked, but apparently that's how this mystery ends: Hundreds of millions of victims, smoking guns in every room, and not a perp to be found anywhere.

Yves Smith is disappointed that PriceWaterhouseCoopers, the auditors who signed off on AIG's financial claims despite mounds of disturbing evidence, escaped serious legal scrutiny. She observes that our "Potemkin" financial reform (her word) won't remove the barriers that prosecutors face in pursuing secondary parties like auditors (although I believe the Supreme Court ruling she cited only addressed civil suits.) Not only is the auditor protected, but that allows the fraudster himself to use the defense that he kept his auditor informed - kind of like Bush and Cheney using John Yoo's legal opinion to inoculate themselves from criminal prosecution.

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