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President Obama Fiscal Cliff

Sam Stein

President Obama: Blame Republicans For A Fiscal Cliff Failure | Sam Stein | Posted 12.31.2012 | Politics

WASHINGTON -- In his first Sunday show interview since his reelection, President Barack Obama admonished congressional Republicans for their unwilling...

Money Can't Buy Them Love

Robert Kuttner | Posted 02.08.2013 | Politics
Robert Kuttner

It is literally possible to have more money than you know what to do with. Take the case of the private-equity billionaire Peter G. Peterson, who has bankrolled much of the austerity crusade. Peterson has now spent over half a billion dollars out of his personal fortune to persuade Americans that austerity is the necessary road to recovery. But the debate seems to be getting away from him. Peterson was heavily involved in the corporate-led group, "Fix the Debt." That effort has increasingly backfired. In Peterson's world, CEO spokesmen are a source of great credibility. But out in America, it doesn't looks so good when the millionaire CEOs who cut jobs and pay low rates of taxes lecture others to tighten their belts.