Democrats should be enjoying a nice political windfall thanks to the Republicans' blunder on Medicare. But watch for the bipartisan Gang of Six to snatch defeat out of the jaws of victory.
The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.
With the general "no banker left behind" program pursued by Tim Geithner under both George W. Bush and Obama, the theory was that saving the banks would save the country. The first part worked out brilliantly, but the second act never occurred.
Perhaps the main value of the book and film versions of Andrew Ross Sorkin's Too Big to Fail is the instruction they provide on the limits of mainstream journalism in the decade that led up to the meltdown.
The Republicans repeatedly say "F you" to everyone in this country except for the elite wealthy and big corporations. The party has moved so far to the right, its core policies are far out of the American mainstream.
It's official. As of Monday, May 16, the United States of America has reached its debt limit. But the sky didn't the sky fall. People are not running in the streets in chaos. The stock and bond markets haven't crashed. So what's the big deal?
President Obama was dazzling in his decision-making to send U.S. Navy SEAL Team Six to get Osama bin Laden. It's now time for him to adopt this same laser-like focus on creating jobs.
The egregious mis-characterization of Obama's outlook has profound consequences for our nation's well-being. Three areas in particular warrant scrutiny.
In the ever-so-smug company of the rich and powerful it is a given that there is never to be any expression of remorse or other acknowledgment of the pain they have inflicted on the lesser mortals they so cavalierly plunder.
We have one trade problem in this country that so far surpasses every other one that it is almost not worth talking about any of the others. The problem is Chinese subsidy practices.
All small businesses are not the same. Until this is registered and embraced by our legislators, this country will not succeed in its efforts to promote economic growth through innovation or unleash our full capacity to compete globally.
Yesterday, Treasury Secretary Timothy Geithner laid out the case for increasing our financial commitments to the World Bank and its sibling regional development banks.
Facing a battle with the Peruvian government over a smelting operation that has caused severe environmental damage, the Renco Group and its owner have assembled a formidable lobbying team.
A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government's time-honored role in helping Americans achieve the goal of homeownership.
Corporate business interests have had a strangle hold on Washington for many decades now. And the President's kneeling reveals that there is no easy way to break this corporate death grip.
Before we completely forget that Wall Street is largely responsible for the economic mess we're in, let's revisit Wall Street's greatest fabrications for 2010.