Biden Says Banks May Get More, More, More

Staff / Truthdig Jan 26, 2009 The vice president let it slip Sunday that the $700 billion TARP bailout bill could have a sequel Also, Nancy Pelosi indicated that Congress might dole out more funds to financial institutions Let's see, that's $700 billion on TARP, $850 billion for the still-pending stimulus package, plus the mysterious billions they're tossing around at the Federal Reserve Here's hoping China doesn't cut up our national credit card. Dig deeper ( 1 Min. Read )

Hey, Big Spender: Obama Talks Stimulus

Staff / Truthdig Jan 25, 2009 Barack Obama is coming out of the gate with quite the to-do list, not the least part being his new economic recovery plan, which carries quite the price tag at about $1 trillion. What is he thinking? Here, Obama gives some details in his weekly online address. Dig deeper ( 1 Min. Read )

Obama Lays Out Stimulus Plan

Staff / Truthdig Jan 25, 2009 What's it going to take to jump-start the economy? How does almost a trillion dollars sound? That's the amount that President Barack Obama is considering for his American Recovery and Reinvestment Plan, which he introduced to the public in his weekly address on Saturday. Dig deeper ( 1 Min. Read )

The Downside of Bipartisanship

Marie Cocco / Truthdig Jan 22, 2009 Remember this, President Obama: There are few Washington traditions as annoying as the cultish worship of bipartisanship, for it ignores the simple fact that sometimes one party gets things disastrously wrong. Dig deeper ( 3 Min. Read )

What Does $825 Billion of Stimulation Feel Like?

Staff / Truthdig Jan 16, 2009 There will be negotiation, revision and capitulation, but the basic guts of the Democrats' $825 billion stimulus package are out in the open. There's billions for infrastructure, billions for schools and billions for you and me. House Minority Leader John Boehner (R-Ohio) responded by saying "Oh. My. God," which we'll take to mean, "Praise Jesus! The Democrats have done it again." Dig deeper ( 1 Min. Read )

A Huge Opportunity for the Mom in Chief

Ellen Goodman / Truthdig Jan 15, 2009 What will happen if Michelle Obama makes the personal her political issue? What would a serious work-and-family policy look like? Dig deeper ( 3 Min. Read )

Learning From Clinton’s Mistakes

E.J. Dionne Jr. / Truthdig Jan 12, 2009 One of the clearest signals President-elect Barack Obama has sent is his determination to learn from the Clinton years, and particularly from the former president's failures on health care. Dig deeper ( 3 Min. Read )

Beware, Mr. Obama, of Tax-Cut Seduction

Marie Cocco / Truthdig Jan 8, 2009 Much of the business-tax package Obama contemplates fails his own test of cutting business taxes "where it makes sense and is going to work." Dig deeper ( 3 Min. Read )

Now Is No Time for Phony Thrift

Joe Conason / Truthdig Jan 8, 2009 As the government contemplates spending very large sums of money, it is reassuring to know that somebody still worries about waste. Or it would be reassuring, if only that somebody were not Mitch McConnell, the Senate minority leader. Dig deeper ( 3 Min. Read )

Obama Pushes Economic Recovery Plan

Staff / Truthdig Jan 5, 2009 In this series of weekly addresses posted on Change.gov before news of the Bill Richardson scandal broke, the president-elect makes an appeal for an economic recovery strategy that would ideally prevent further job losses and spark a turnaround in Americans' prospects as soon as possible. Dig deeper ( 1 Min. Read )

The Jobless Hold Their Breath

Staff / Truthdig Jan 5, 2009 President-elect Obama is still working out the nuts and bolts of his recovery (fingers crossed) package, but Obama advisers have disclosed that at least one proposal would expand benefits and compensation to the unemployed With the economic meltdown vaporizing more and more jobs, here's hoping Congress gets it done before February. Dig deeper ( 1 Min. Read )

FDR Prolonged the Depression? Really?

David Sirota / Truthdig Jan 2, 2009 If you're like me, you sometimes find yourself speechless when confronted with abject insanity, such as conservatives' newest talking point -- the one designed to stop Congress from passing an economic stimulus package. Dig deeper ( 3 Min. Read )