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All the Bad News That Fits
“I met a girl who sang the blues, and I asked her for some happy news. She just smiled and turned away.” In the latest episode of “As the Debt Ceiling Turns”; Boehner walks, Obama has a hissy fit, and...
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Let the Railroading Commence
I sense that the railroading of the American public will commence shortly. That August 2nd deadline for either raising the debt ceiling or facing economic crisis has now been moved up to 4pm today, so...
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Who Said It? Barack Obama or Herbert Hoover?
Two presidents, two budget messages. One is Herbert Hoover in 1932, the other is President Obama yesterday. Guess which president made which statement. Here’s one: “For years, the government has spent...
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Schumer Backs Reid Plan
AP is reporting: “The third ranking Democrat in the Senate says a deficit-reduction proposal put forward by Majority Leader Harry Reid has the best chance of ending the political stalemate and avoiding...
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Just a Little Bit of History Repeating?
Dave Johnson at Campaign for America’s Future has an excerpt from Naomi Klein’s Shock Doctrine that sounds eerily familiar: “In February 1993, Canada was in the midst of financial catastrophe, or so...
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“A Colossal Political Failure”
Sam Pizzigati at CAF: “This “debt crisis” in no way had to happen. No natural disaster, no tsunami, has suddenly pounded the United States out of fiscal balance. We have simply suffered a colossal...
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It’s the Jobs, Stupids
From the Washington Post: 82% say jobs are difficult to find, 85% say they are either just holding on or falling behind. Is anybody in Washington listening? Does anybody in Washington care?
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GFY, S&P
As the extortionists at Standard and Poor’s threaten a credit rating downgrade, not just if the debt ceiling isn’t raised but if the deficit isn’t cut by $4 trillion, Robert Reich points out that if...
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“Merchants Have No Country”
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. ~Thomas Jefferson Cases in point: “Some of the country’s...
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Shared Sacrifice in Romney’s World
The stadium may have been empty but the speech certainly wasn’t. During Mitt Romney’s speech in Detroit yesterday, he laid out his bold, new economic policy. Massive tax cuts for the top bracket paid...
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