Senate Republicans say they’re against both the bailouts and the Democrats’ proposed legislation to end them. They say that Sen. Dodd’s bill would “actually guarantees future bailouts.” It’s time for the Republicans to put up or shut up. Will they make Dodd’s bill better by breaking up the too big to fail banks and putting new rules in place that never let them get so big and systemically risky, or will they shill for Wall Street?

Chair of the Council of Economic Advisers Christina Romer made this statement on the GDP increase of 3.5% in the third quarter: “Data released today by the Commerce Department show that real GDP grew at an annual rate of 3.5 percent in the third quarter of the year. This is in stark contrast to the [...]

It’s been a couple of weeks since President Obama agreed to enforce U.S. trade laws in a case involving tire imports from China—and you’d think by the reaction in some anti-worker quarters he was creating the equivalent of death panels.

In 2008 alone, China’s tire makers sold more than 46 million low-cost tires to this country for stores like Wal-Mart. More than 5,100 domestic consumer tire production jobs were lost between 2004 and 2008 by the flood of Chinese tire imports that undersold producers in the United States. Domestic tire companies have announced they will close more plants and eliminate another 3,000 jobs by the end of this year. (Check out a fact sheet on the tire decision here.)

In July, the U.S. International Trade Commission (USITC) ruled in favor of a United Steelworkers’ (USW‘s) petition filed under Section 421 of the Trade Act of 1974 as amended. The USITC found that tariff relief was needed to urgently reduce those tire imports. The USW, which represents most U.S. tire workers, demanded the Obama administration act forcefully to counter this import surge. And on Sept. 11, the Obama administration agreed to provide tariff relief by increasing the duty on tires from China for three years.