When Van Jones took to the stage as the closing keynote speaker for the Netroots Nations conference Saturday afternoon, he began with the obvious. Yes, progressive activists are disheartened by losing the recall election of Gov. Scott Walker in Wisconsin. They are bitterly disappointed with President Obama for failing to govern as the progressive he projected himself as being in 2008. more »
All those millions that America's billionaires are pouring into super PACs, where do they come from? We can trace a huge chunk of that political cash to the truly massive tax cuts our richest now enjoy. How massive? Over $25 billion a year -- for our most affluent 400 -- massive enough for you?
Plenty of things have been bothering me in the wake of the Wisconsin recall election. But one that particularly "sticks in my craw" is what appears to be the developing conventional wisdom that recall elections should hardly ever happen, and are appropriate only in very narrow circumstances. If ever a developing consensus deserved to be snuffed out, this one belongs right up there with "60 is the new 51."
After all, no one had a problem with recall elections in 2003.
Rep. Barney Frank, D-Mass., former CFTC chair Brooksley Born and others are none too happy about the 2013 financial services appropriations bill. President Obama had requested $308 million for the Commodities and Futures Trade Commission, an amount that House Republicans had severely undercut to $180.4 million. more »
Perhaps the best strategy for avoiding having to settle for a bad "grand bargain" on the federal deficit that would shortchange the pillars of economic security for struggling households is to jump off the feared "fiscal cliff" at the end of the year and push Congress into negotiating a new budget plan in a world in which the Bush tax breaks no longer exist, Sen. more »
I attended a blogger meeting with Senator Sheldon Whitehouse (D-RI) to talk about Americans for Tax Fairness, a coalition that has formed to help win the coming fight over the expiring Bush tax cuts. As you remember, two years ago the Republicans held unemployment benefits hostage, demanding they be extended for 2 years. more »
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