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Tag: Economy


Collage: AP photo / Chip Somodevilla, pool / Wikimedia Commons

Virtual JFK: The 44th President’s Foreign Policy Challenge

The leading issue in the current face-off between Barack Obama and John McCain is the economy. Once elected and inaugurated, however, a U.S. president’s politics become global literally overnight.

Posted on Oct 29, 2008 READ MORE


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Obama Ad Takes a Swipe at Palin

Team Obama has avoided campaigning against Sarah Palin ever since a few botched attempts when she first burst onto the national stage. Since then, the governor’s numbers have nosedived and she now serves as the punch line in a new Obama campaign commercial called “His choice.”

Posted on Oct 29, 2008 WATCH & LISTEN


McCain
AP photo / Gene J. Puskar

Just How Dumb Are White Males?

Let me now defend white males. We can’t possibly be as dumb as the polls showing we are John McCain’s most reliable voting base would indicate.

Posted on Oct 28, 2008 READ MORE


The Ugly America

“You really do hate America!” This was the parting shot from a man I had just debated on a television show shortly before the invasion of Iraq. Because he’s a notorious right-wing blowhard, I laughed it off as the raving of a crackpot in extremis

Posted on Oct 28, 2008 READ MORE



tickertapedigest.com

What Goes Down ... Dow Up 10 Percent

The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street’s month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better.

Posted on Oct 28, 2008 READ MORE


401-GOP









Posted on Oct 26, 2008 ENLARGE



Wikimedia Commons / edited for effect

Populism Arising—but Will It Be the Killer Kind?

The old assumptions and paradigms about capitalism and free markets are dead. A new, virulent populism, still inchoate, is slowly and painfully rising to take their place. This populism will determine the future of the country. It is as likely to be right-wing as left-wing.

Posted on Oct 26, 2008 READ MORE


Alaska’s Biggest Paper Backs Obama

In a move that might suggest that Sarah Palin’s performance on the campaign trail has not been universally well received in her home state, the Anchorage Daily News, Alaska’s largest newspaper, came out in favor of Barack Obama on Sunday.

Posted on Oct 26, 2008 READ MORE


Left, Right & Center

‘Left, Right & Center’: Greenspan’s Glitch, Palin’s Duds

So Alan Greenspan isn’t clairvoyant, as it turns out. Whoops! Neither, apparently, are Sarah Palin’s handlers, or else they might have done some bargain shopping instead of landing their leading lady in a heap of trouble over her pricey threads.

Posted on Oct 26, 2008 WATCH & LISTEN



Flickr / BohPhoto

New York Times Endorses Barack Obama

This news isn’t going to make certain members of the Republican Party like the Gray Lady any more than they already do, which is not at all: The New York Times’ editorial board has officially endorsed Barack Obama for president.

Posted on Oct 23, 2008 READ MORE



White House / Shealah Craighead

Greenspan Admits Ideological Flaw

The former Fed chair told angry lawmakers on Thursday that after 40 years of buying into free-market ideology he had “found a flaw.” Rep. Henry Waxman told Greenspan “our whole economy is paying the price” because he ignored advice and resisted regulation.

Posted on Oct 23, 2008 READ MORE


McCain’s Socialist Delusion

Wherever John McCain appears on the stump in these waning days of the presidential campaign, he is always accompanied by his imaginary friend “Joe the Plumber,” but it is the specter of Karl Marx that lurks just offstage.

Posted on Oct 22, 2008 READ MORE


Obama and the economists
AP photo / Chris Carlson

The Battle for Obama’s Economic Soul

Instead of running with the “European socialist” crowd, as John McCain has claimed, Barack Obama has turned to the same American “free market” elite that views government as merely a corporate subsidiary. Even within that group, however, there are serious splits, and the more enlightened side seems to be winning.

Posted on Oct 21, 2008 READ MORE



AP photo / Seth Perlman

No Child Left Behind Fails Us All

Truthdig asked Demitrious C. Sinor, an inspirational educator, to sound off on the state of our schools. He warns that unless the No Child Left Behind regime ends soon, America’s classrooms could unravel. It’s a reality that neither presidential candidate seems to fully understand, but one he sees every day, from where he sits.

Posted on Oct 21, 2008 READ MORE


End of a Catholic Commandment?

Catholics, who are quintessential swing voters and gave narrow but crucial support to President Bush in 2004, are drifting toward Barack Obama. And this time, some church leaders are suggesting that single-issue voting—such as on abortion—is by no means a Catholic commandment.

Posted on Oct 20, 2008 READ MORE



Federal Reserve

Fed Chief Wants More Stimulation

Ben Bernanke doesn’t really care if you call it a recession or, in his words, “a very serious slowdown in the economy.” Whatever it is, the chairman of the Federal Reserve thinks a new stimulus package is needed to get those terrified Americans dipping into their mattresses and buying things again.

Posted on Oct 20, 2008 READ MORE



AP photo / Henny Ray Abrams

The Idiots Who Rule America

Our oligarchic class is incompetent at governing, managing the economy, coping with natural disasters, educating our young, handling foreign affairs, providing basic services like health care and safeguarding individual rights. They have no concept, thanks to the educations they have received, of the common good.

Posted on Oct 20, 2008 READ MORE



Flickr / soggydan / emrank

McCain Scares Kids for Halloween

John McCain’s robocalls, which are bombarding swing-state voters with the message that Barack Obama “worked closely with domestic terrorist Bill Ayers,” are reportedly scaring children who make the mistake of answering their phones. Sarah Palin, who may or may not realize she’s on a sinking ship, says she disapproves of the robocalls.

Posted on Oct 19, 2008 READ MORE


Terrifying









Posted on Oct 19, 2008 ENLARGE


Negative 2008









Posted on Oct 19, 2008 ENLARGE


Left, Right & Center

‘Left, Right & Center’: Looking Down the Final Stretch

No more presidential debates (at least for a couple months or so)! Who won the last one, Barack Obama or John McCain? Tony Blankley, Matt Miller and Truthdig’s own Robert Scheer size up the candidates and their campaigns and discuss the latest developments in the economic arena on this week’s “Left, Right & Center.”

Posted on Oct 17, 2008 WATCH & LISTEN


Signs of an Earthquake in Oregon

No Republican says aristocrat like Sen. Gordon Smith of Oregon. And no Senate election could more intensely shift economic politics than his state’s.

Posted on Oct 17, 2008 READ MORE


McCain Sounds Worse Than He Looks

Grouchiness, twitchiness and haughtiness didn’t help John McCain in Wednesday’s debate, but what he said hurt him more than how he said it.

Posted on Oct 17, 2008 READ MORE


McCain and Letterman

McCain to Letterman: ‘I Screwed Up’

When Sen. John McCain finally appeared on “Late Night” on Thursday, David Letterman didn’t let him forget that he had stood Letterman up last month. Later, McCain joked, “I haven’t had so much fun since my last interrogation.”

Posted on Oct 16, 2008 WATCH & LISTEN


Obama

Obama and McCain Roast Each Other With a Smile

After enduring many grueling weeks of campaigning and three tense debates, John McCain and Barack Obama turned up in tuxes for Thursday night’s Alfred E. Smith Memorial Foundation Dinner at the Waldorf-Astoria in New York to cut loose and try out some lighter material on a crowd ready to laugh, and they laughed as well—at themselves and (especially) at each other.

Posted on Oct 16, 2008 WATCH & LISTEN


U.S. Loses Its Grip on Europe

Military and economic disasters have caused Europeans and European governments to view the United States in a new, unflattering light.

Posted on Oct 16, 2008 READ MORE



commons.wikimedia.org

Brokers Gone Wild: Market Closes Up

The Dow gained 401.35 points Thursday but had volatile swings through most of the day. Investors, The Wall Street Journal reports, are still trying to figure out what stage of suck the economy is in.

Posted on Oct 16, 2008 READ MORE


Fixing the Economy Has to Start With Jobs

The last thing we need is another “economic stimulus” package. What we need is a jobs package. And we ought to start calling it that.

Posted on Oct 16, 2008 READ MORE


Bank Crisis
AP photo / Mary Altaffer

Finding a Way Out After the Bailout

Wall Street has yet to recover after the economic shocks of recent weeks. Why? Two problems. One we already know: The “plan,” even with revisions, is deeply flawed. The second problem has not been mentioned all that much because it’s pretty scary: Put simply, we have no idea what we’re doing.

Posted on Oct 15, 2008 READ MORE



commons.wikimedia.org

What Goes Up ... Dow Plummets 733

It seems like only a couple of days ago that the Dow jumped 936 points. The market went back to freaking everyone out on Wednesday, with a sobering drop of 733.08 points. Stimuli and bailouts aside, it appears that we’re in for a substantial recession.

Posted on Oct 15, 2008 READ MORE



AP photo / Rick Bowmer

Economy Trumps Race in Ohio

From the Southern California suburbs to Ohio’s Appalachia, places that have not been especially friendly to African-American candidates, Sen. Barack Obama seems to be convincing a substantial number of whites that their votes should be determined by their economic troubles rather than race.

Posted on Oct 15, 2008 READ MORE


Palin and McCain
AP photo / Gerald Herbert

The Hoover-Palin Ticket

And the winner is … Franklin Delano Roosevelt. Remember him—the great Democratic president who saved capitalism from the capitalists by reining in their exorbitant greed? Forget the Reagan Revolution heralding a new era of small government, which turned out to be nothing more than a fig leaf for legalized corporate crime. The hero of the hour is FDR.

Posted on Oct 14, 2008 READ MORE


Gordon Gekko
lasvegasvegas.com

Greed: Still Good?

What would Gordon Gekko, the ruthless corporate raider from Oliver Stone’s 1987 classic cautionary tale “Wall Street,” have to say about the current state of the American economy? Well, we just might find out.

Posted on Oct 14, 2008 READ MORE


Volcker
group30.org

Former Fed Chief: U.S. Already in a Recession

Former Federal Reserve Chairman Paul Volcker said Tuesday that the U.S. was already in a recession, despite the efforts of the U.S. government and other nations’ leaders to intervene. “I have seen a lot of crises but I have never seen anything quite like this one,” said Volcker, who headed up the Fed for eight years before Alan Greenspan took over in 1987.

Posted on Oct 14, 2008 READ MORE


McCain
Flickr / soggydan

McCain Announces Economic Plan

John McCain has laid out his plan for how he would help Americans recover from the recent shocks to the domestic and international markets. He took the action on Tuesday, a day later than he initially said he would and a day after Democratic presidential rival Barack Obama released his own economic plan—and McCain’s timing was not lost on the Obama campaign.

Posted on Oct 14, 2008 READ MORE


The GOP Identity Crisis

Can any Republican candidate claim with a straight face to represent the party of small government? For that matter, can any Republican candidate plausibly explain what the party is supposed to stand for these days?

Posted on Oct 13, 2008 READ MORE


Barack Obama
Flickr / Allison Harger

Obama’s New Deal

Barack Obama unveiled his $60-billion economic rescue plan on Monday and urged Washington not to wait for a new president to take up his proposals. The Obama plan includes tax breaks for companies that hire new workers, a short moratorium on foreclosures and, with an eye on job creation, federal financing for public works and infrastructure projects.

Posted on Oct 13, 2008 READ MORE


Kristol

McCain Campaign Spokeswoman Slams Kristol

You know it’s troubs when McCain campaign spokeswoman Nancy Pfotenhauer turns on The New York Times’ resident McCain campaign strategist, William Kristol—and on Fox News, no less—claiming he’s fallen for the Obama party line. Over to you, Bill.

Posted on Oct 13, 2008 WATCH & LISTEN



Collage: commons.wikimedia.org / senate.gov

McCain Changes His Tune

After Team McCain’s negative strategy over recent days seemed to hurt the Republican’s campaign more than help it, John McCain took a new tack on Monday, calling off the attack dogs—or at least reining them in a bit—during a speech in Virginia Beach, Va.

Posted on Oct 13, 2008 READ MORE



Flickr / BohPhoto

Obama Ahead by Double Digits

William Kristol was becoming apoplectic, Hillary Clinton was sounding optimistic, and the McCain campaign was being perhaps a tad unrealistic—or so read Monday’s political barometer as an ABC/Washington Post poll indicated that the Obama campaign had taken a 10-point lead in the presidential race.

Posted on Oct 13, 2008 READ MORE



AP photo / Gerald Herbert

America’s Political Cannibalism

It is no longer our economy but our democracy that is in peril. Financial collapses lead to political extremism. The rage bubbling up from our impoverished and disenfranchised working class, glimpsed at John McCain rallies, presages a looming and dangerous right-wing backlash.

Posted on Oct 13, 2008 READ MORE


McCain’s Fireside Chat









Posted on Oct 13, 2008 ENLARGE



Wikimedia Commons / Hk1992

Markets Warm to Euro Bailout Plan

Stock traders in Asia and Europe seemed to like the news that European governments will coordinate with one another as they throw cash at troubled banks. The euro zone plan was announced on the heels of similar British and American schemes.

Posted on Oct 12, 2008 READ MORE



Rosa Lowinger on Cuba Before Castro

Two new books resurrect the seductions and corruptions of pre-revolutionary Cuba.

Posted on Oct 10, 2008 READ MORE


This Is No Time for Specifics

Each campaign has given voters ample notice about the inclinations, temperaments, habits, philosophical leanings and advisers they would bring to the White House. That’s enough.

Posted on Oct 10, 2008 READ MORE


Welcome to the Third World, America

Here’s a question I’d like to ask Barack Obama and John McCain: Is the United States destined to look and feel increasingly like a “developing country”? Is this the way it’s going to be?

Posted on Oct 10, 2008 READ MORE


It’s Henry Paulson’s Move

Is Henry Paulson a crony communist or a businessman? The answer could be the difference between economic disaster and recovery.

Posted on Oct 10, 2008 READ MORE



news.bbc.co.uk

Dow Plummets as Debt Soars

After seven straight drops, the Dow landed at 8579.19 on Thursday, a year to the day after hitting a record of more than 14,000 points. The owners of the national debt clock in New York, meanwhile, announced they will add two digits to the board in order to display a quadrillion—because that’s where we’re headed.

Posted on Oct 9, 2008 READ MORE



White House / Shealah Craighead

Is Paulson Going Bank Shopping?

Treasury Secretary Henry Paulson, with much prodding from Democratic Sen. Charles Schumer, is thinking about using some of that $700 billion to buy ownership stakes in shaky banks. The scheme would ostensibly give taxpayers a share in the fortunes of the bailed-out institutions.

Posted on Oct 9, 2008 READ MORE


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