Currently Browsing: Economy
Posted by Guest Voice | Sep 19th, 2009
Let’s Make a Deal: Beltway Edition
by Michael Winship
If you ever needed proof that Washington is governed by the Golden Rule – the one that says, he who has the gold, rules – you only have to look at the wagonloads of cash being dumped by big business into crushing President Obama’s domestic agenda.
Good gosh, how the money rolls in. And I’m not only talking about the millions...
Posted by KATHY KATTENBURG | Sep 18th, 2009
Sen. Chuck Grassley (R-IA), responding to bipartisan dissatisfaction with the bill unveiled by Max Baucus (D-MT), blamed the Democrats. They could have come up with a better bill that everyone would have liked if they had just had more time, he complained. All they needed was two more weeks and they could have produced a truly bipartisan bill. They weren’t given enough time; the Democrats were rushing...
Posted by JERRY REMMERS, Columnist | Sep 18th, 2009
Congratulations to Americans Against Food Taxes for producing a political issues ad that is accurate. The group opposes a one-cent per-ounce tax on sugary soft drinks that Congress is eyeballing to generate more revenue. The ads claim the regressive tax would hit those who least can afford it the most.
On the flip side, sugar tax advocates say the products they are targeting pose a significant contributor to...
Posted by KATHY KATTENBURG | Sep 17th, 2009
Here is a roundup of analysis and commentary about the health care reform bill prepared by Max Baucus and the Gang of Six on the Senate Finance Committee.
Pretty much nobody likes the bill. Baucus scraps a “simple employer mandate that forces every employer over a certain size to provide health-care insurance or pay a small fee,” and replaces it with a “free rider” provision, which...
Posted by KATHY KATTENBURG | Sep 17th, 2009
Can you imagine the cries of outrage and gales of mocking laughter from the right if they had heard complaints like this after the huge anti-war demonstrations in the former administration?
Posted by SWARAAJ CHAUHAN, International Columnist | Sep 17th, 2009
After bitterly contesting the case, a British oil trading giant has agreed to a multimillion-pound payout to settle a huge damages claim from thousands of Africans who fell ill from tonnes of toxic waste dumped illegally in one of the worst pollution incidents in decades, reports The Independent.
The Western world has shown remarkable tolerance towards economic/business/environmental/political criminals, while...
Posted by SWARAAJ CHAUHAN, International Columnist | Sep 17th, 2009
Ever since the collapse of the mighty Soviet Union, the doomsayers are having field day predicting the break-up of India and Pakistan. Last year, a leading Russian political analyst stated that the economic turmoil in the USA had confirmed his long-held view that the country would divide into separate parts.
Cashing on this phobia, Slate offered last month a “week-long thought experiment” on “the...
Posted by DORIAN DE WIND | Sep 17th, 2009
As I wrote yesterday, Secretary of Defense Robert Gates planned to address the Air Force Association (AFA) today.
U.S. News & World Report compared Gates’ appearance at the AFA, an association “made up in part of retired pilots and Air Force brass who were shocked when Gates last year fired the Air Force secretary and chief of staff over reports of a nuclear mishap,” and who were further shocked...
Posted by JOE GANDELMAN, Editor-In-Chief | Sep 16th, 2009
Senate Finance Committee Chairman Max Baucus’s plan has been released — and has set off a flurry of news articles, analysis and blog posts on the left, center and right, many of which take positions on the proposed plan. In response to a reader’s email about offering a compact roundup on the plan, here are some must reads/must views.
The Christian Science Monitor offers this summary:
Among...
Posted by KATHY KATTENBURG | Sep 16th, 2009
As my brother would say, What a tool. He really thought he could get Republican support if he only gave up enough, ceded enough ground, mollified and appeased just a little more. Good going, Max. You jettisoned the public option to get the support of so-called “moderate” Republicans, and now you’re left with nothing.
Posted by JERRY REMMERS, Columnist | Sep 16th, 2009
There comes a time in history when an adult enters the fray of uncivil discourse, shakes America by her broad shoulders, and admonishes everyone that enough is enough. I’m uncertain whether former President Jimmy Carter is that heroic adult.
Carter in an interview Tuesday and later in an address to his own forum said Rep. Joe Wilson’s “You lie” outburst to President Barack Obama during...
Posted by DORIAN DE WIND | Sep 15th, 2009
In April of this year, Defense Secretary Robert Gates recommended several military budgetary cuts, including for the production of the F-22 Raptor fighter jet to stop at 187 aircraft, which means that only four more F-22s will be produced.
It was a move that drew a firestorm of criticism from Congress, the military, the military aerospace industry and the military aerospace community.
The move, however, wasn’t...
Posted by Guest Voice | Sep 15th, 2009
An attempt At a Real “Reset Button” on Health Care”
by Jon Wells
With the convening of Congress, the debate over health care reform has once again reared its ugly head. Despite promises of pushing a “reset button” on the back-and-forth rhetoric, the President’s speech served more as a further partisan rebuke to critics rather than a genuine moment of leadership and bipartisanship....
Posted by Guest Voice | Sep 14th, 2009
The Difference Between Passion and Paranoia
by Rick Moran
I have been taken to task in the past for railing against those whose rants against President Obama have crossed the line of reason and entered the dangerous world of paranoia. I include in this category the Birthers, of course, as well as those who believe Obama wishes to set up some kind of dictatorship, and those who believe our freedoms have been...
Posted by E.J. DIONNE, JR., WASHINGTON POST COLUMNIST | Sep 14th, 2009
WASHINGTON — If you saw a woman struck by a car, would you call an ambulance right away? Or would you first ask for her papers to make sure she was not an illegal immigrant?
If someone living down the street from you were suffering from the H1N1 flu, wouldn’t you want him to get immediate medical help? Would you rather see him in pain and perhaps spread the disease to others in your neighborhood?
...
Posted by JOE WINDISH, Technology Editor | Sep 13th, 2009
Andrew Sullivan points to Ron Brownstein on the Census Bureau report on income, poverty and health insurance coverage in 2008 to find that on every major measurement…
…the country lost ground during Bush’s two terms. While Bush was in office, the median household income declined, poverty increased, childhood poverty increased even more, and the number of Americans without health insurance...
Posted by DORIAN DE WIND | Sep 11th, 2009
Five years after that horrific day in September 2001, the following letter appeared in TIME:
Five years after 9/11, our nation ought to be as united as it was on that tragic day. We should have held on to the outpouring of global goodwill and support we received then. We should have remained laser-focused on rooting out and bringing to justice those responsible for the attacks. We should have remained committed...
Posted by CAGLE CARTOONS | Sep 11th, 2009
Riber Hansson, Sweden
This cartoon is copyrighted and licensed to appear on TMV. All Rights Reserved. Unauthorized reproduction prohibited.
Posted by JERRY REMMERS, Columnist | Sep 10th, 2009
In an attempt to regain control of the health care debate if not his presidency, President Barack Obama crafted a speech a fifth grader could grasp and Congress could follow allowing all Americans to receive affordable medical services.
What struck me was all the goals and specifics outlined by the president seem reasonable enough for Congress to adopt with all sides of the equation giving up some of their hallowed...
Posted by SWARAAJ CHAUHAN, International Columnist | Sep 10th, 2009
India’s favourite spiritual book, The Bhagavad Gita, has made a dramatic impact at Harvard, Wharton and other business schools with its universal message of “concentration, consistency, and cooperation”. In a nutshell: “You can’t succeed in business (or war) unless you develop the intellect, which controls the mind and body.”
The Gita remains relevant in the conduct of any...
Posted by E.J. DIONNE, JR., WASHINGTON POST COLUMNIST | Sep 10th, 2009
WASHINGTON — After a listless summer during which his opponents dominated the health care debate, President Obama used a dramatic appearance before Congress on Wednesday to seize control of the autumn, the season of decision for the initiative he has turned into the central test of his presidency.
Having avoided specifics in order to give the House and Senate room to legislate, he piled on the...
Posted by JOE GANDELMAN, Editor-In-Chief | Sep 9th, 2009
Newsweek’s “The Gaggle” offers this analysis.
Posted by KATHY KATTENBURG | Sep 8th, 2009
Eleven years ago, Greg Missman served in the U.S. military as an Army specialist. When he finished his tour of duty, he returned to civilian life. Last year, he lost his job as a computer consultant, and with it, his health insurance. So, he decided to re-enlist in the Army for the health insurance benefits. He was sent to Afghanistan, and one month later was killed in action.
Posted by ROBERT STEIN | Sep 8th, 2009
To balance the furor over bureaucratic boards to decide whether the aged are worth saving with medical care, the financial wizards who brought on the mortgage meltdown have figured out a way to play roulette with their chances.
Bankers, the New York Times reports, “plan to buy ‘life settlements,’ life insurance policies that ill and elderly people sell for cash–$400,000 for a $1 million...
Posted by Guest Voice | Sep 8th, 2009
The Long-Term Balanced Budget
by Hunter Hatfield
With regard to budgets, we in the U.S. are typically offered two choices: 1) no balanced budget rules or 2) an annual balanced budget. Currently, 32 states have a balanced budget amendment in their constitution while 11 more have statutory rules. That’s 43 of 50 states. Meanwhile, the federal government has none. As is obvious to anyone watching, there are...