It is amazing to watch how desperate some of the so-called “deficit hawks” are to cut Social Security and Medicare. Peter Diamond wants to see these programs cut so badly that he is effectively advocating we sacrifice the core principles of democracy just to make it happen.
|By: Jon Walker Tuesday November 20, 2012 8:55 am|
|By: David Dayen Saturday October 6, 2012 10:00 am|
After being criticized for emphasizing points of agreement on Social Security during Wednesday night’s debate, President Barack Obama’s re-election campaign delivered an email to supporters clarifying their response, which left a number of key details unanswered and retained a degree of flexibility for the President over his choices for the program.
|By: David Dayen Monday June 6, 2011 4:26 am|
In his withdrawal announcement, Diamond laments the “distorted” confirmation process, which caused him to have to be renominated on two separate occasions, and the “little understanding of monetary policy” from those who conduct oversight of it, i.e. the Senate. But the saddest part of this is that Diamond is on point as far as the near-term challenges are concerned. He says that the costs of high unemployment must be primary rather than the low risk of inflation. He says that the risk of fiscal contraction is more pressing than the risk from the long-run national debt. Diamond is hardly a doctrinaire liberal; he’s just allowing the facts to govern his policy insights at this time. That’s what Republicans in the Senate couldn’t abide.
|By: emptywheel Tuesday November 16, 2010 2:21 pm|
Liveblogging of the Senate Banking Committee hearing on foreclosure fraud continues. Senator Richard Shelby was actually pretty good, but then Sens. Mike Johanns and Bob Bennett went to some length to try to pretend the banksters weren’t doing what they were doing.
|By: David Dayen Tuesday November 16, 2010 12:35 pm|
This hearing is the latest example of national policymakers getting involved in the foreclosure fraud issue. The Congressional Oversight Panel warning of the enormous risk from the failures of servicers was the first report of its kind at the federal level to take full measure of the situation, and this is the first Congressional hearing. Senators on the Democratic side like Jeff Merkley and Sherrod Brown are sure to press the bank representatives aggressively on why foreclosure mitigation programs have failed, and why they used false documents to evict people from their homes. The ranking member on the Republican side, Richard Shelby, wants to investigate failures at the major loan servicers.
|By: bmaz Sunday August 8, 2010 6:30 am|
Like they did to Dawn Johnsen, the Obama White House has hung absolutely outstanding progressive nominees Goodwin Liu and Edward Chen out to dry, and are well on their way to doing the same with Elizabeth Warren. It is a pathetic track record on progressive nominees.