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Band-Aids, Bipartisanship and Baby-Steps: How Not to Deal With a Jobs Crisis

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Does anyone believe that we would be facing the same lack of urgency about the jobs crisis in Washington if it were the unemployment rate among the top 10 percent that was 31 percent?

Obama Weekly Address: Now Congress '

AP | DARLENE SUPERVILLE | Posted 05.25.2011 | Home

WASHINGTON — President Barack Obama said Saturday new budget rules that say spending cuts must accompany spending increases will force Congress ...

Debt Limit Increased: Senate Allows For Additional $1.9 Trillion In Borrowing

AP | ANDREW TAYLOR | Posted 05.25.2011 | Politics

WASHINGTON — The Senate voted Thursday to allow the government to go a whopping $1.9 trillion deeper in debt, offering a vivid election-year rem...

Senate Expected To Defeat Fiscal Commission Measure

thehill.com | Posted 05.25.2011 | Politics

The Senate is expected on Tuesday to reject an amendment creating a fiscal commission that would recommend deficit-cutting measures Congress would hav...

Campaign Finance Outrage: Democracy for the Highest Bidder

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Corporations can now directly intervene in campaigns with candidate-specific ads. The only requirement remaining is that they not be coordinated with a campaign. But that's a requirement more of form than substance.

Obama Met With Journalists Before West Point Speech: 'Americans Are Right To Be Concerned'

The Atlantic | Marc Ambinder | Posted 05.25.2011 | Politics

Obama, speaking with a group of columnists and reporters at a White House lunch today, conceded that Americans "are right to be concerned" about the a...

Deficit Commission Gains Traction In White House

Posted 05.25.2011 | Politics

A bi-partisan commission that would tame the federal deficit by limiting cost-cutting decisions to a select number of lawmakers is gaining traction in...

Spending Bill Has $4 Billion In Pork

ABC News | Posted 05.25.2011 | Politics

Just weeks before returning to their districts for Christmas, Congress is poised to give the gift of pork - roughly $4 billion of it. More than 5,000...

MIT Analysis: Americans Would Pay LESS Under Senate Health Care Plan

Politico | MIKE ALLEN | Posted 05.25.2011 | Politics

A new analysis by a leading MIT economist provides new ammunition for Democrats as the Senate begins formally debating the historic health-reform bill...

Higher Jobless Rates Could Become The Norm

AP | TOM RAUM | Posted 05.25.2011 | Business

WASHINGTON — Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could ling...

Paul Krugman: It's Time For An Emergency Jobs Program

New York Times | PAUL KRUGMAN | Posted 05.25.2011 | Business

So it's time for an emergency jobs program. How is a jobs program different from a second stimulus? It's a matter of priorities. The 2009 Obama sti...

White House Looking To Cut Deficit With Extra TARP Cash

wsj.com | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 05.25.2011 | Politics

The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...

America Without a Middle Class

Sen. Elizabeth Warren | Posted 05.25.2011 | Business
Sen. Elizabeth Warren

Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?

Spending Up, Jobless Claims Down, But Still No Economic Recovery Yet

Posted 05.25.2011 | Business

There's good news and bad news today for the US economy. The good news is that consumer spending rose 0.7% last month, according to the Commerce Depar...

48 Year-Old Blogger Has Gone 9 Years Without Spending Money

treehugger.com | Brian Merchant | Posted 05.25.2011 | Green

Daniel Suelo wasn't poor, a victim of bad luck, mentally ill, or even uneducated. He just decided that he wanted to have nothing to do with money. So ...

Democratic, Republican Lawmakers Raise Concerns Over Afghan War Escalation

LA Times | Greg Miller | Posted 05.25.2011 | World

The persistent skepticism from the president's own party, along with new doubts raised by Republicans who have generally supported broadening the conf...

Is Obama Keeping His Promises?

Newsweek | Anna Quindlen | Posted 05.25.2011 | Politics

History will judge Barack Obama over the long haul. But we've learned something in the short term that is simple, obvious, and has less to do with him...

Obama's misguided spending freeze

Brendan Nyhan | Posted 05.25.2011 | Politics
Brendan Nyhan

Since the beginning of the presidential campaign, Barack Obama and his advisers have repeatedly claimed that they don't listen to DC's conventional wi...

If Pearl Harbor Were Attacked Today Could We Afford to Defend Ourselves?

Paul A. London | Posted 05.25.2011 | Business
Paul A. London

Many Republicans know this "deficits will kill us" stuff is bull. The country can afford to spend money to put Americans back to work, just as surely as it could afford to spend money to fight World War II.

Tea Party Protester: "We Think The Muslims Are Moving In And Taking Over" (VIDEO)

Posted 05.25.2011 | Politics

UPDATE (8:43 p.m. EST): NBC has replaced this woman's comment about Muslims with a less inflammatory comment: "I'm scared to death for my country. I ...

Americans Are Finally Saving: A Disaster For Retailers

McClatchy | Kevin G. Hall | Posted 05.25.2011 | Business

After a year of economic crisis and an even longer slump, the nation's retailers are facing a consumer who's more reluctant to buy than ever before in...

Senate Panel OKs $128 Billion For Afghanistan, Iraq Wars

AP | ANDREW TAYLOR | Posted 05.25.2011 | Politics

WASHINGTON — With hardly any debate, a powerful Senate committee Thursday approved President Barack Obama's $128 billion request for military op...

Consumer Spends When Value Exceeds Price

Grant Cardone | Posted 05.25.2011 | Business
Grant Cardone

While the consumer is motivated to save money the desire to spend money runs deep in our culture.

Listen to Mr. David Walker

John David Lewis | Posted 05.25.2011 | Politics
John David Lewis

Officials must often make a choice: to remain silent and keep their jobs, or to resign and speak the truth. Faced with this dilemma, on March 12, 2008, David Walker chose to resign.

Five Reasons for Consumer Caution

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

The Great Recession may be technically ending, but I recommend that consumers proceed with caution.