WI recall vote signals dissatisfaction with Republican austerity measures
Voters in Wisconsin today go to the polls in a recall election that the nation and the world are closely watching in anticipation of what is sure to be a…
Jobless economic recovery stalled by electoral politics, party complicity
The Labor Department released its monthly jobs report today, and the picture was quickly muddled by Democratic and Republican pandering in an election year that is almost exclusively focusing on…
Obama takes off the gloves on Republican Party’s economic policy
In a speech to journalists at the Associated Press (AP) President Obama roundly criticized the House Republican budget proposal and its economic presuppositions. The President wasted no time in taking…
House passes anemic STOCK Act, corruption is business as usual
Last week, Congress passed a much-weakened version of the STOCK Act banning insider trading by its members and their staffers. The law was significantly weakened by failing to place curbs…
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Super PAC’s fund American elections
America’s reaction to the Supreme Court’s decision in Citizens United ranges from public outrage visible in the Occupy Wall Street movement to barely concealed glee among wealthy donors who seek…
Republican Response to Obama’s State of the Union Is Weak on Facts
In his third State of the Union address President Obama drew a picture of cooperation between government and business for an America that is “built to last”—a phrase he repeated…
American Trust Inc., or Why we are losing the battle for our democracy
A Gallup News Poll released Monday is telling. Americans trust their bankers more than their elected officials. According to the poll, 64 percent of Americans rate the honesty and ethical…
Highlights from Obama’s speech in Kansas on equality and fairness
On the growth of inequality in America: “But for most Americans, the basic bargain that made this country great has eroded. Long before the recession hit, hard work stopped paying…
DOL reports jobless claims down, as workers give up looking for work
The Department of Labor announced that jobless claims were down from 9 to 8.04 percent in November, the single largest decline since March 2009. The fraction translates into roughly 120,000…
Stocks rally on move by central banks, but the rally won’t last long
In a sign that the U.S. and European Union are serious about resolving the ongoing debt crisis in the euro zone, the central banks of five countries, including the European…