Blog Archive: January, 2011

• MORNING MESSAGE: Obama, Listen To Obama
• Repeal Vote Set For Tomorrow
• Challenging Agenda For US-China Summit
• President Announces Broad Reg Reform
• FDIC Prepares To Tackle "Too Big To Fail"
• House To Vote On Draconian Budget Cut

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New governors in New York and California seem hell-bent on delivering a knockout blow to America's most historic social contribution, the mass middle class.

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A lot of people in the media are so afraid of offending anyone with controversial truths that they can't even tell the truth about the man whose holiday we're celebrating this weekend. Their coverage could give you the impression that the purpose of Martin Luther King, Jr's life was simply to make everybody in this country feel good about themselves—so good, in fact, that we deserve a day off just for having the wisdom to be born American.

You might be forgiven for thinking that everybody liked and admired Dr. King while he was alive - except maybe for a few angry old white people down South, who later realized the errors of their ways and were very sorry. The media have been so reluctant to convey Dr. King's true message that Glenn Beck can claim to have inherited his mantle and millions of people believe him. They're so afraid of telling his truth that a Pentagon official can claim that the recipient of the Nobel Peace Prize, the spiritual heir to Gandhi's mantle of nonviolence, would have supported the wars in Iraq and Afghanistan.

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As usual, the Democrats are on track to do the Republicans’ dirty work—only to suffer the political fallout later on. What else could one conclude from the rampant rumors that President Obama will signal his willingness to “compromise” (read: cut) on Social Security in the State of the Union address? Anyone who doubts that this would amount to political suicide, hasn’t read National Review editor, Ramesh Ponnurru’s column in the New York Times last Friday, instructing Republican politicians that they should wait for President Obama to act first on Social Security “reform” (read: benefit cuts). Here’s the kicker: Ponnurru specifically suggests that Republicans should champion “entitlement reform,” if, and only if, Obama dangles Social Security as an area of compromise in the State of the Union address. As friends of the President, we progressives must stop him from granting Ponnurru’s wish—and the wishes of so many conservatives eager to have the President do their bidding. Click here to read Ponnurru's column. more »

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In an open letter to the President this week, Sen. Bernie Sanders mentioned "worriesome reports" that the President is planning to cut Social Security. These reports don't come out of the blue. They're the culmination of a months-long campaign. The White House has been privately signalling for months that it was leaning in that direction, and now the sky over Washington is darkening with trial balloons floating up from Pennsylvania Avenue.

Before you make such a disastrous and unwarranted move, Mr. President, there's someone I think you should meet. Actually, you may have run into him before: He's a skinny guy with an keen analytical mind and a gift for brilliant oratory. Sound familiar? He ran for President last time around, and he had some very sensible things to say about Social Security: more »

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Watch as GOP Rep. Jim Renacci (OH) is confronted at a local town hall meeting, asked what the heck he thinks he is doing saying he will vote to repeal the health care reform law. more »

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Central to the Tea Party revolt was a fierce reaction against the bailout of the big banks.

Will the Republican Congress now spit that sentiment in the eye and push through another bailout, this time by overturning centuries of property law and nationalizing what has always been governed by state law? more »

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• MORNING MESSAGE: We Need An Unemployed People's Campaign
• Call For President to "Keep The Promise" On Social Security
• President May Resist Severe Spending Cuts, Push Tax Reform
• GOP Sets Health Reform Repeal Vote For Wednesday
• AIG Shrinks, But Citi Still Too Big To Fail
• WH Rejects Tying Korea Deal To Panama And Colombia
• EPA Denies Coal Mine Permit
• Plight Of The Formerly Middle-Class

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WikiLeaks founder Julian Assange is promising to unleash a cache of secret documents from the hard drive of a U.S. megabank executive. In 2009, he told Computer World that the bank was Bank of America (BofA). more »

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