Robert Borosage

We've got a new red scare. Forget Glenn Beck; the fear isn't that America is going red, it's that it is in the red. Conservatives in both parties are raising alarms about deficits and government spending. Well, get over it. If we are going to generate growth and shared prosperity out of the mess we are in, expanded public investment must be a centerpiece of the new economy.

In today's Washington, this verges on heresy. The chattering classes are raising a clamor about Obama's deficits. The growing fixation, fanned by conservatives in both parties, may well cripple any short-term recovery. Worse, the wrong-headed debate could well undermine the reforms vital to the new economy we need to build out of the ruins of the old.

Campaign for America's Future co-director Robert Borosage praised the House Financial Services Committee for taking steps to protect consumers from predatory financial practices by approving the creation of a new Consumer Financial Protection Agency, in an official statement.

They are popping the bubbly on Wall Street. Million-dollar bonuses, the Dow at 10,000, the casino is open again. Forget President Obama, who says we can't go back to an economy where finance pockets 40 percent of the profits. We're already headed there.

Even as the health insurance companies draw down on health care reform, another showdown is just beginning in Washington. On Wednesday, the House Financial Services Committee will begin marking up the first legislation to try to curb Wall Street's casino.

As the House Financial Services Committee begins markup on Wednesday of key financial reform legislation, the stakes are clear.

Don't miss the Bill Moyers show tonight. He's got Simon Johnson, the former IMF economist and Rep.

Glenn Beck has captured national attention with his caustic poison. The aging right-wing troubadours -- Rush Limbaugh and Bill O'Reilly—still rouse the wingnuts and enforce discipline among Republican legislators. They've peddled the fantasies about ACORN and the all-powerful poverty lobby, and launched a search-and-destroy hunt for targets of opportunity in the Obama administration.

"Vandalism" screams the cover of The Economist, depicting President Obama leaving an ice pick in the tire of free trade. (No racial overtones there; after all, as the president explained, he was black before he was elected.)

We've got a new red scare. Forget Glenn Beck; the fear isn't that America is going red, it's that it is in the red. Conservatives in both parties are raising alarms about deficits and government spending. Well, get over it. If we are going to generate growth and shared prosperity out of the mess we are in, expanded public investment must be a centerpiece of the new economy.

In today's Washington, this verges on heresy. The chattering classes are raising a clamor about Obama's deficits. The growing fixation, fanned by conservatives in both parties, may well cripple any short-term recovery. Worse, the wrong-headed debate could well undermine the reforms vital to the new economy we need to build out of the ruins of the old.

Campaign for America's Future co-director Robert Borosage praised the House Financial Services Committee for taking steps to protect consumers from predatory financial practices by approving the creation of a new Consumer Financial Protection Agency, in an official statement.

They are popping the bubbly on Wall Street. Million-dollar bonuses, the Dow at 10,000, the casino is open again. Forget President Obama, who says we can't go back to an economy where finance pockets 40 percent of the profits. We're already headed there.

Even as the health insurance companies draw down on health care reform, another showdown is just beginning in Washington. On Wednesday, the House Financial Services Committee will begin marking up the first legislation to try to curb Wall Street's casino.

As the House Financial Services Committee begins markup on Wednesday of key financial reform legislation, the stakes are clear.

Don't miss the Bill Moyers show tonight. He's got Simon Johnson, the former IMF economist and Rep.

Glenn Beck has captured national attention with his caustic poison. The aging right-wing troubadours -- Rush Limbaugh and Bill O'Reilly—still rouse the wingnuts and enforce discipline among Republican legislators. They've peddled the fantasies about ACORN and the all-powerful poverty lobby, and launched a search-and-destroy hunt for targets of opportunity in the Obama administration.

"Vandalism" screams the cover of The Economist, depicting President Obama leaving an ice pick in the tire of free trade. (No racial overtones there; after all, as the president explained, he was black before he was elected.)