Tales From the Village: Financial Journalists Take Speaking Fees From Wall Street

By: Thursday March 22, 2012 6:45 am

There’s nothing inherently illegal about this, and I suppose journalists can contort themselves into believing there’s nothing unethical either. But it’s certainly not something that gets promoted next to someone’s byline. You never hear about the trading of tens of thousands of dollars between Wall Street firms and “star” reporters.

 

Another Insider Declares White House Made Deal to Stop Public Option

By: Wednesday January 18, 2012 9:20 am

As I wrote earlier, the public option fight changed the progressive movement. You had a popular, compromise measure that the public supported, where advocates did everything right, and none of it mattered. Now, the head of HCAN, the labor-backed coalition trying to pass the Affordable Care Act in 2010, confirms the public option was traded away in the midst of the fight.

Slow News Week Leads to Headache-Inducing Obama Personality Profile

By: Thursday December 29, 2011 6:55 am

This feels suspiciously like “he came in and trashed the place and it’s not his place” journalism. Maybe the ghost of David Broder animated this journalist for the purposes of the story.

Why Were Expiring Stimulus Measures Expected to Pass in Super Committee?

By: Tuesday November 22, 2011 7:15 am

For some reason, lots of commentators are making a major assumption that cannot be proven, claiming that any Super Committee deal would have included extensions of expiring stimulus measures like unemployment benefits and the payroll tax cut. I have no idea what the basis for this is other than mere assertion.

This Time Is Not Different: The Policy Failure of the Lesser Depression

By: Saturday August 20, 2011 12:01 pm

In short, there is no deficit that cannot be plugged except for our political deficit. It sustains the defeatism of years of no growth, stagnant wages, high unemployment. The political tendency toward right-wing and corporatist policy ideas over the past 30 years, tied up with the cost of running campaigns, the failure of traditional media, the conservative movement’s public relations machinery, has widened that political deficit between what government can provide and what it will provide.

Ordinary Americans Continue to Deliver Progressive Messages at Republican Town Hall Meetings

By: Saturday August 13, 2011 7:53 am

Two years ago, a concerted effort by a corporate-funded Tea Party movement to get conservatives out to town hall meetings changed the dynamic in Washington on health care reform and paved the way for the eventual House GOP takeover in the 2010 elections. In two separate work periods this year, ordinary citizens, with absolutely no help or encouragement from an organized progressive movement, have made their voices heard at town hall meetings, in particular by harassing conservative lawmakers about their plans to end Medicare and put forward a balanced budget amendment, as well as their opposition to tax fairness. If this organic movement were happening on the right, it would be front-page news in every national newspaper in the country. We know because the distinctly non-organic movement in 2009 was front-page news.

In order to find out about this movement, you have to go to local news sites.

Revolving Door Watch: Former Sen. Judd Gregg to Goldman Sachs

By: Friday May 27, 2011 5:15 pm

Judd Gregg, you may remember, is the guy who said that an audit of the Federal Reserve represented “pandering to populism.” I guess he’s just pandering to profit. And it’s crazy. He has a net worth of between $2.5 million and $9.2 million. He isn’t starving and he’s 64 years old. He’s just a guy who has to be in the game of screwing the poor and cheating people, I guess. And he picked the perfect company to sign up with for that.

Social Security “Expert” Simpson Doesn’t Understand Basic Concepts of Social Security

By: Tuesday May 10, 2011 11:45 am

In actuality, the life expectancy at age 65 has increased to the extent that Social Security is paying out more benefits for a grand total of 3 years, after 70 years in operation. This is why the system endures, with minor changes (the retirement age has already increased to 67), because the people who designed it built in the flexibility and buildup of benefits in the trust fund to account for any population pattern shifts. About the only thing they didn’t expect was the massive, rampant inequality that made the payroll tax cap lead to a far lower collection in revenues than expected. That can be altered and the program saved with relative ease.

Economy Adds 244,000 Jobs, Unemployment Rate Rises to 9.0%

By: Friday May 6, 2011 8:08 am

The latest survey from the Bureau of Labor Statistics for April says that employers hired 244,000 new workers over the course of the month. But the topline unemployment rate rose to 9.0%, and the employment-population ratio actually dipped to 58.4%, which is actually 0.3% lower than a year ago.

Growth Before Deficits: The Lost Discussion in Washington

By: Sunday May 1, 2011 5:00 pm

Lori Montgomery took a trip down memory lane today, looking at the choices made over the past decade – most of them when Republicans held the Presidency and both houses of Congress – that led to the explosion in the national debt, when CBO forecasters predicted a full payoff of obligations at the time. It’s a bit shameful that we even have to have this discussion, that you have to point out that massive tax cuts for the rich and unfunded health care benefits and two wars will increase the debt. And two recessions, including the largest one since the Depression, can account for most of the rest.

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