Yes, The Economy Still Sucks

Yes, the economy still sucks… A month ago “first-quarter economic growth came in surprisingly weak,” and now “consumer spending — the largest component of the economy,” is “especially slow.” Stagnant wages and higher prices for gas and food are squeezing family budgets, while falling home equity hurts consumer confidence. That suggests … Continue reading

RIP Gil Scott Heron

RIP Gil Scott Heron: Gil Scott-Heron, the poet and recording artist whose syncopated spoken style and mordant critiques of politics, racism and mass media in pieces like “The Revolution Will Not Be Televised” made him a notable voice of black protest culture in the 1970s and an important early influence … Continue reading

A Few Cutting Remarks: Ways to Balance the Budget

Throughout the country, the taxpayers have been revolting. Shocked by the enormity of the taxpayer revolt, and the untimely retirement of several hundred politicians, today’s current legislators, civil servants, and business executives have suddenly became the “people’s champions.” In a parallel universe, we can report the following, just since the … Continue reading

Palin Tries to Steal Thunder

Sarah Palin announced she was rolling out an exploratory committee tour and it was to start at the Rolling Thunder event in D.C. this weekend… But funny thing is, she was invited and some members are claiming she’s trying to steal their thunder: Does anyone even take Sarah Palin seriously? … Continue reading

Capitol Idea: In A 2012 Democratic Wave, Beware Senate Wipeout

The election this week of a Democrat to a traditionally Republican seat in the House of Representatives is amping up what already have been percolating hopes for Democrats to retake their House majority in 2012. Make no mistake: I share the aspiration. But at the risk of casting a pall … Continue reading

New GOP Budget: Hands Off Medicare, But Potentially Worse

The Senate may have defeated a House GOP budget that would have turned Medicare into a private voucher-based programs, but Republicans haven’t given up. But Sen. Pat Toomey (R-Pa.) has proposed a budget that leaves Medicare alone, but is potentially worse, according to an independent analysis. Senators on Wednesday voted … Continue reading

Celebrating House Win, Left Hopes Political Winds Have Shifted

Progressives woke up Wednesday celebrating Democrat Kathy Hochul’s victory for a House seat from upstate New York previously held by the GOP for decades. In Hochul’s success, they see a fresh opportunity for wider gains to reverse the drubbing Democrats took in the 2010 midterm elections. Hochul beat Republican state … Continue reading

Consumers Union: CFPB Already Subject to Enough Oversight

A prominent consumer advocacy organization is hitting back at attempts to limit the authority of a nascent federal agency designed to protect Americans from the financial abuse rampant in the lead-up to the 2008 economic meltdown. The Consumer Financial Protection Bureau (CFPB) is already subject to sufficient oversight and should … Continue reading