What change sounds like
Jan19

What change sounds like

WASHINGTON — When he opened the 114th Congress, House Speaker John Boehner declared that “too many are working harder only to lose ground to stagnant wages and rising costs.” Jeb Bush called the fundraising arm of his presidential exploration “The Right to Rise PAC,” a nice play on words emphasizing his hope for a conservative revival and his promise to put forward ideas that would help “all...

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Cutting Off Your Nose- Congress At Work
Jan13

Cutting Off Your Nose- Congress At Work

The recent budget bill contained a number of items that were unrelated to the budget and helped special interests. Two received the most publicity. The first was the provision that provided large banks with continued protection from the federal government (and thus taxpayers) for derivatives trading. This practice was a factor in initiating the last recession and was supposed to be eliminated by the Dodd-Frank bill. But Wall Street...

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A Vast Number of  New Jobs to Be  Created in and by  New Congress  (Updated)
Jan06

A Vast Number of New Jobs to Be Created in and by New Congress (Updated)

Update: And this is no satire: As the New Republican Congress gets ready to vote on a bill to approve construction of the Keystone XL pipeline, the White House is sending signals that President Obama would veto such legislation. While the bill is all but guaranteed to pass the Senate, it is not clear whether there will be enough votes to override a presidential veto. In the meantime, an article in The Hill states most clearly, in my...

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A New Year’s Musing On America’s Dysfunctional Society & Broken Politics
Jan05

A New Year’s Musing On America’s Dysfunctional Society & Broken Politics

Scientists claim that hydrogen, because it is so plentiful, is the basic building block of the universe. I dispute that. There is more stupidity than hydrogen, and that is the basic building block of the universe. ~ FRANK ZAPPA The United States enters the new year a deeply dysfunctional society with a severely fractured political establishment and a dearth of ideas about how to confront either. Police routinely abuse black men and...

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Economic facts get in the way
Dec30

Economic facts get in the way

WASHINGTON — Uh-oh. Now that the economy is doing well, what are Republicans — especially those running for president — going to complain about? And what are Democrats willing to celebrate? Last week’s announcement that the economy grew at a 5 percent rate in the third quarter of 2014 — following 4.6 percent second-quarter growth — was the clearest and least debatable indication to date that...

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The Fracking Boom is a Fracking Bubble
Dec26

The Fracking Boom is a Fracking Bubble

Gas prices have plunged to the low $2 range—except in Pennsylvania. In Pennsylvania, the prices at the pump are in the mid-$2 range. That’s because Gov. Tom Corbett and the legislature imposed a 28-cent per gallon surcharge tax. Until 2019, Pennsylvanians will be paying an additional $2.3 billion a year in taxes and fees—$11.5 billion total—to improve the state’s infrastructure. In addition to the increased tax on gas at the pumps,...

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America’s Drug Trade Imports More Than Just Addiction
Dec22

America’s Drug Trade Imports More Than Just Addiction

America’s Drug Trade Imports More Than Just Addiction by Daniel Faris Drug use has been a hot topic in the U.S. for some time now. Washington and Colorado legalized recreational marijuana, and Washington, D.C. is going head-to-head with Congress over the city voters’ decision to legalize. But what isn’t often mentioned in the current national debates over drug trade imports is their massive toll on the environment,...

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Here They Go Again!!
Dec17

Here They Go Again!!

The political yahoos finally left for home. But before they did, the House and Senate passed a “compromise” spending bill last week. That had the pundits talking about how Washington was finally working again and that legislation that would not cause a presidential veto in the next session might be possible. But look what these scummy politicians inserted into the spending bill that had nothing to do with the running of the government...

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Warren on Big Banks
Dec11

Warren on Big Banks

Legislation to fund the government, and avoid a shutdown come Friday morning, has hit a new obstacle with Democratic lawmakers voicing criticism over the repeal of a key part of the Dodd–Frank Wall Street Reform and Consumer Protection Act. The matter at hand concerns the ability of financial institutions to engage in derivatives trading, and other high risk activities, with taxpayer funds. The provision was written by Citigroup and...

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Forgetting the Lessons of the 2008 Crash
Dec10

Forgetting the Lessons of the 2008 Crash

Kevin Drum warns about new FHFA mortgage policy on Mother Jones. Yesterday the Federal Housing Finance Agency issued new underwriting guidelines that allow some home buyers to take out mortgages with down payments as small as 3 percent…This decision by the FHFA is almost criminally myopic. After all, the go-go years that produced a towering housing bubble and then ended in an epic global financial meltdown are less than a decade...

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Cartoon: Poverty Wage Jobs
Dec08

Cartoon: Poverty Wage Jobs

See great cartoons by all the top political cartoonists at http://cagle.com. To license this cartoon for your own site, visit...

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New power struggle in Asia — Washington, Moscow, Beijing, Delhi
Dec08

New power struggle in Asia — Washington, Moscow, Beijing, Delhi

The intensifying Putin-Obama clash over Ukraine is turning into a new struggle for sway in Asia reminiscent of the 20th century’s zones of influence. Presently, the two prizes there are China and India. Despite its great dependence on exports to the US, China is beyond Washington’s political influence because of deep strains of nationalism and considerable military power combined with economic strength. Washington can confront China...

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Satire Imitating Life : Obama’s Serial Conspiracies
Dec07

Satire Imitating Life : Obama’s Serial Conspiracies

Six months ago, when some unpatriotic Americans were caught up in that liberal, un-American conspiracy called the soccer World Cup, Ann Coulter brilliantly noted in her nine-point manifesto that there is no accountability in soccer, little self-expression, not much prospect for personal humiliation, for personal disgrace or major injury (“After a soccer game, every player gets a ribbon and a juice box”) and, God forbid,...

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Economy Surges? More Jobs
Dec06

Economy Surges? More Jobs

They can’t take this away from Barack Obama: The headline at the Times practically glistens. More jobs! Higher wages! The Labor Department reported Friday that employers added 321,000 jobs in November — a much stronger number than expected — but perhaps even more significant was the biggest gain in average hourly earnings since June 2013. Hourly earnings rose by 0.4 percent in November, double what economists had been expecting....

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Obama-Putin clash: Ringing alarm bells
Dec04

Obama-Putin clash: Ringing alarm bells

Alarm bells should be ringing in Washington because of two significant events in Europe today likely to speed up processes already underway to weaken the transatlantic economic partnership. President Barack Obama has been pushing Europe strongly towards economic and political clashes with Russia’s Vladimir Putin because of Moscow’s annexation of Crimea and armed interference in Ukraine. The US-Europe allies should now be concerned...

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Why The Republicans Won Despite Being Wrong On The Issues, Revisited
Nov13

Why The Republicans Won Despite Being Wrong On The Issues, Revisited

Paul Krugman discussed how the Republicans won in the midterm elections despite being wrong about pretty much everything. Kurt Eichenwald has more in Vanity Fair looking at many of the things conservatives were wrong about over  the past thirty years. Although the list is far from complete, I’d suggest checking out the full article for the specifics. Topics covered include: Tax cuts pay for themselves Deregulating the Thrift Industry...

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Would This Have Helped Democrats on Tuesday? Nah!
Nov07

Would This Have Helped Democrats on Tuesday? Nah!

The U.S. economy, especially the private sector job growth, has been steadily recovering for the past five years. As a matter of fact, Jason Furman, chairman of President Obama’s Council of Economic Advisers has characterized this period as “the longest streak in U.S. history.” The Hill calls it “the longest such streak since 1995.” The Bureau of Labor Statistics reported today that total non-farm payroll employment rose by 214,000 in...

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Now that Quantitative Easing is going away, what did it do? (Guest Voice)
Nov06

Now that Quantitative Easing is going away, what did it do? (Guest Voice)

Now that Quantitative Easing is going away, what did it do? By Robert Coutinho Quantitative Easing (QE) has been used by the Federal Reserve Bank to try to stimulate the economy. It was a controversial program where the Fed bought treasury notes and mortgage backed securities (you know, those toxic assets that the banks had that were going to send them to the poor house?) In total, the Fed bought somewhere around $4.2 trillion in...

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U.S. Midterms: Obama Weakened When World Needs America Most (Le Monde, France)
Nov03

U.S. Midterms: Obama Weakened When World Needs America Most (Le Monde, France)

President Obama is facing a ‘thumping’ as President Bush called his public rejoinder after the 2006 midterm elections. Unlike Bush, though, President Obama is judged to be not only weak and ineffective at home, but ineffective and indecisive abroad. For Le Monde, journalist Dominique Simonnet and historian Nicole Bacharan outline the danger to the West and the world when an American leader is as weakened as the current...

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Khrushchev and Communism (Guest Voice)
Nov01

Khrushchev and Communism (Guest Voice)

Khrushchev and Communism by Fig Email Sent from Ed Jan 26, 2013: Does this look familiar to our country’s progress since 1959, scary to say the least and it appears to be picking up momentum. “Who knew how prophetic this was?” Nikita Khrushchev quote 9/29/1959. Do you remember when he appeared at the UN and banged his shoe on the table? This was his entire quote: “Your children’s children will live under communism. You Americans are...

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