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Tag: New Deal


Greek Austerity: Don’t Try This at Home!

Ironically, the very New Deal legacy that austerians work to euthanize in the U.S. is the chief thing that has prevented the country’s economy from completely crashing.

Posted on Feb 28, 2014 READ MORE



chris.corwin (CC BY SA 2.0)

Why There’s No Outcry for a Revolution in America

Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going to the top, and big money is corrupting our democracy. So why isn’t there more of a ruckus?

Posted on Jan 27, 2014 READ MORE



White House / Pete Souza

Obama’s New Square Deal

President Obama has decided that he is more likely to win if the election is about big things rather than small ones.

Posted on Dec 7, 2011 READ MORE



withayou (CC-BY)

Here Comes the Capital Strike

From his seat in Congress, House Speaker John Boehner announced in mid-September that American business owners would continue to hold the nation’s wealth (and thus the public welfare) hostage until government granted them the “low-tax, deregulated world they wanted,” writes journalist and author Thomas Frank in Harper’s online. (more)

Posted on Nov 26, 2011 READ MORE



Andrew . Walsh (CC-BY)

A Major Bump in the Road

Much rides on America’s highways, vital arteries in the movement of people and goods. The problem is, the roads are crumbling at a time when money to fix them is hard to come by. (more)

Posted on Nov 16, 2011 READ MORE



Fabricator of Useless Articles (CC-BY)

Social Security and the Generation Gap

Most Americans think that the big government entitlement programs—Social Security and Medicare—are a good thing. But young and old part company, according to a new Pew report, over the current effectiveness of the programs and what to do about it. (more)

Posted on Nov 5, 2011 READ MORE



AP / Gregory Bull

What the Country Needs Is a New New Deal

For $300 billion the president could do something truly different—he could eliminate unemployment altogether.

Posted on Sep 8, 2011 READ MORE



AP / Carolyn Kaster

Debt Madness Was Always About Killing Social Security

Republican hypocrites are out to settle ideological scores that have nothing to do with the debt they themselves ran up.

Posted on Jul 27, 2011 READ MORE


Why Do They Hate Social Security?

Among the mysteries of modern politics in America is why so many of our leading pundits and politicians persistently seek to undermine Social Security, that enduring and successful emblem of active government.

Posted on Feb 17, 2011 READ MORE



AP / Mark Lennihan

Home Sweet Wall Street

A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership.

Posted on Feb 16, 2011 READ MORE



AP / Charles Dharapak

Obama Pulls a Clinton

Here we go again. When Bill Clinton suffered an electoral reversal after his first two years in office, he abruptly embraced the corporate money guys who had financed his congressional opposition in an effort to purchase a second term.

Posted on Jan 19, 2011 READ MORE



mississippicourthouses.com

Resistance, Acquiescence and My Friend J. Edgar Hoover

Three moments—1911, 1964, now—coming together compelled me to think about when and why people resist power, why they acquiesce, and why, sometimes, they may believe they are resisting when they are in truth acquiescing.

Posted on Dec 10, 2010 READ MORE



AP / Ralph Wilson

The Bipartisan Politics of Fear

Mercifully, the midterm election cycle is nearing its end. Both parties, we learn, are planning their “postmortem assessments.” The Daily Beast’s recent headline is a sign of the times: “Why Obama Can’t Lose in 2012.” Plan ahead.

Posted on Oct 13, 2010 READ MORE



‘The Great American Stickup’: Blame Clinton More Than Bush for the Economy

Since the collapse happened on the watch of President George W. Bush at the end of two full terms in office, many in the Democratic Party were only too eager to blame his administration.

Posted on Sep 16, 2010 READ MORE


Why Are Democrats Ignoring the Next New Dealers?

The Millennials—generally defined as Americans born in 1981 or after—are, without question, the most liberal generation since the New Dealers, and they could transform our politics for decades.

Posted on Feb 24, 2010 READ MORE


Krugman
Wikimedia Commons / Prolineserver

Oh, the Naiveté, Mr. Krugman

Here we have one of those columns that might have initially been missed (even by those of us who blog fastidiously about such things) that bears repeating, or re-posting, as the case may be: We submit, for your consideration, Paul Krugman’s latest column. That is all.

Posted on Dec 14, 2009 READ MORE


NYSE
AP / Henny Ray Abrams

House Passes Major Financial Regulation Bill

In what is being hailed as the biggest bid to change financial regulation since Franklin Delano Roosevelt’s New Deal, the House of Representatives on Friday passed the Wall Street Reform and Consumer Protection Act of 2009. In a press conference after the vote, House Speaker Nancy Pelosi proclaimed, “We are sending a clear message to Wall Street: The party is over.”

Posted on Dec 11, 2009 READ MORE



White House / Pete Souza

War Kills Off Great Reform Movements

The hawks urging President Obama to escalate the war in Afghanistan have no interest in his domestic policy. The 20th century is a graveyard of good ideas that lost out to war.

Posted on Oct 4, 2009 READ MORE



AP / Susan Walsh

Pelosi’s Toothless ‘Commission’

Congressional leaders are expected to announce a new commission to investigate the causes of America’s financial disaster. But unless the speaker and her colleagues summon much greater courage than they have displayed to date, it will only highlight the failure of the Democrats to live up to their heritage.

Posted on Jul 15, 2009 READ MORE



White House / Pete Souza

Obama’s Financial Plan Fails to Impress

President Obama compares his “sweeping overhaul of the financial regulatory system” to FDR’s crackdown on Wall Street, but New York Times business columnist Joe Nocera isn’t buying it. “Everywhere you look in the plan, you see the same thing,” he writes. “Additional regulation on the margin, but nothing that amounts to a true overhaul.”

Posted on Jun 18, 2009 READ MORE



White House / Pete Souza

Enough With This ‘100 Days’ Nonsense

On what basis have the cable channels decided that President Obama’s first hundred days are the most important thing to happen in the history of the world? As in the case of FDR before him, much has happened in the beginning of the president’s first term—and there is much more to come.

Posted on Apr 28, 2009 READ MORE


Brown
blogs.ft.com

British PM: We Need ‘Global New Deal’

It’s time for teamwork, according to British Prime Minister Gordon Brown, who made a call for unity—and a “global New Deal”—during a meeting about the worldwide economic crisis with other European heads of state over the weekend.

Posted on Feb 23, 2009 READ MORE


McCain
AP photo / Carolyn Kaster

John McCain in the Echo Chamber

October proved to be the cruelest month, for that was the time that Sen. McCain, he of the round, blank, Little Orphan Annie eyes, chose to try out a number of weird lies about Barack Obama ostensibly in the interest of a Republican Party long overdue for burial.

Posted on Oct 27, 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


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


NYSE
AP photo / Henny Ray Abrams

Boston Tea Party, 2008

How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don’t instantly give the Wall Street banking bandits a $700-billion bailout, we are destroying America.

Posted on Sep 30, 2008 READ MORE


Wall Street crisis
AP photo / Richard Drew

Economic Meltdown: Don’t Say We Weren’t Forewarned

Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal.

Posted on Sep 19, 2008 READ MORE


No Time for a Minimalist

Barack Obama isn’t going to win any arguments about the economy if he keeps winking at the robber barons who helped wreck Wall Street.

Posted on Sep 18, 2008 READ MORE


Fannie Mae
foreclosurewearhouse.com

Bailout Time for Fannie and Freddie

Congress to the rescue! Mortgage lending giants Fannie Mae and Freddie Mac are being propped up in their time of dire need, thanks to a bill passed Saturday that will lift the world’s two largest financial institutions out of immediate danger and help some homeowners handle mortgage crises.

Posted on Jul 28, 2008 READ MORE


Early Estimates of Bailout Range to $100 Billion

The independent Congressional Budget Office has announced the expected federal taxpayer bailout of Fannie Mae and Freddie Mac will appear as a $25 billion budget expense, but that the real bill could be anywhere from zero to $100 billion. This, even though the once-governmental agencies were formally privatized in 1968.

Posted on Jul 22, 2008 READ MORE


Did Bush Put a Hit Out on Fannie, Freddy?

From madcap marketeer Jim Cramer to wired alt-blogger Scott Thill, there are more than a few braniacs who believe the Bush White House did not just watch the collapse of Fannie Mae and Freddy Mac but actually engineered it as yet another sortie in the long GOP war against the New Deal. Never fear, though, as The Onion has already written a satirical report on efforts to build a better bubble.

Posted on Jul 21, 2008 READ MORE


Democrats in SC
AP photo / Mary Ann Chastain

Who Will Take On the Banks?

Because Dennis Kucinich was barred from the Democrats’ South Carolina debate, there was no one willing to say what Kucinich would have said: Bankers are crooks who will steal from the public unless the government holds them accountable.

Posted on Jan 22, 2008 READ MORE


Give ‘Em Hell, Mr. Terkel

The host of “Democracy Now” pays tribute to one of her most prolific and passionate forebears, Studs Terkel, who turns 95 this week. “Ordinary people are capable of doing extraordinary things,” Terkel says. His life proves that fact.

Posted on May 15, 2007 READ MORE


Arthur Schlesinger
planetpoint.com

Famed Historian Schlesinger Dead at 89

Arthur M. Schlesinger died Wednesday from a heart attack at the age of 89. A Pulitzer Prize-winning historian and Kennedy White House fixture, Schlesinger wrote or edited more than 25 books and once referred to George W. Bush’s post-9/11 policy as “a ghastly mess.”

Posted on Mar 2, 2007 READ MORE


The Turning Point

The co-editor of the American Empire Project book series and author of “Every Man a Speculator” brings a historical perspective to the 2006 election, and the coming battle for the presidency.

Posted on Feb 22, 2007 READ MORE


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