Larry Summers: If Tax Deal Goes Down There's A 'Significant Risk' Of A Double Dip Recession
Senior White House officials significantly raised the stakes on congressional Democrats in their efforts to get a deal passed on the Bush tax cuts, warning on Wednesday that inaction would "significantly increase the risk" of a double dip recession ( Read more... )

by Gaius Publius on 12/04/2010 06:11:00 PM



With a nice nod to Digby, Paul Krugman makes an essential cultural point about Beltway opposition to Social Security - it's all about class (my emphasis throughout):
[A] fair number of “centrist” Democrats - probably including the Incredible Shrinking President - seem willing, even eager, ( Read more... )

by Gaius Publius on 12/03/2010 01:05:00 PM



Paul Krugman weighs in on the Cave Week theme. There are a lot of ways to see the message of this column. One way is, Here's what Obama is made of:
After the Democratic “shellacking” in the midterm elections, everyone wondered how President Obama would respond. Would he show what he was ( Read more... )

by Gaius Publius on 11/10/2010 03:58:00 PM



Thanks to Paul Krugman for pointing us to this article in the New York Times, which details the Deficit Commission proposal. There's enough confusion sewn into the proposal (oh look, bright shiny cuts to the military budget!) to make your head spin.

The obfuscation about Social ( Read more... )

President Obama to Pocket-Veto Bill That Might Make It Easier to Foreclose on Homes

ABC News has learned that President Obama will not sign - or “pocket veto” -- a bill that sailed through Congress that consumer groups warn would make it easier for banks to foreclose on homeowners.

The purpose of the “Interstate Recognition of Notarizations ( ( Read more... )

From Robert Reich's BlogFriday, September 24, 2010 ( Read more... )

by Gaius Publius on 9/20/2010 01:08:00 PM



It looks like it's coming. The rich are pushing back against the demise of their Big Boy tax cuts - with a vengeance. The Professor:
Anger is sweeping America. True, this white-hot rage is a minority phenomenon, not something that characterizes most of our fellow citizens. But the angry ( Read more... )

Click to view

by Jane Mayer ( Read more... )

by Gaius Publius on 8/17/2010 11:40:00 PM

This is an excellent segment by Cenk Uygur, subbing for Ed Schultz on The Ed Show.

First, Cenk bottom-lines the phony Social Security "crisis":

• There's a $2.5 trillion trust fund.
• They gave it to the rich and the military.

So clear, so obvious. (Our own discussion of the Trust Fund is here.)

Then ( Read more... )