An Economy for All
SHUT DOWN THE BAILOUT CASINO
» David Sirota: Addicted gamblers. Naomi Klein has a spot-on take on Henry Paulson's banking scheme.
» Joseph Stiglitz: A common-sense approach to repairing the damage done by insane economic policy. Discuss
» Robert Borosage: Alan Greenspan's mea culpa: Can we now stop worshiping at the altar of self-policing markets?
» Q and A with Robert Kuttner: A repeat of 1929? Yes, he says in this interview with Terrance Heath. Here's how the right brought us to this point.
» More resources and analysis about the financial crisis and progressive solutions
Taxpayer-Funded Bank Mergers?
The New York Times reported Tuesday that the Treasury Department is considering using part of a $250 billion fund associated with the Wall Street bailout effort to help facillitate bank mergers. Is this a good idea? more »
Crisis Marks Out New Geopolitical Order
The wreckage of the financial system holds up a mirror to the changing geopolitical balance. It offers advice, and a warning, as to what the west should make of the emerging global order. ... more »
A Dangerous Plan for Health Care
By Roger Hickey
October 14th, 2008
The phenomenal financial crash of the past few weeks has hammered home what should be common sense: A free market needs reasonable rules that safeguard the public interest. So why would we accept the conservative argument that we should use that recipe for disaster to reform an already failing health-care system? ... more »
The Case
Why An Economy for All?
Conservatives call the state of the economy the “greatest story never told,” but in reality it’s an economy reminiscent of the Gilded Age. The myth of a booming economy does not reflect the everyday experiences of working-class Americans. In fact, most Americans see the nation either in or near a recession. We need a broad reassessment of our economic policies.more »
The Truth About Government Waste
Conservatives promise to crack down on “earmarks”—federal spending allocated in legislation for a specific project or location. No more "bridges to nowhere." That’s great, but it doesn’t add up to much—$18 billion of a $3 trillion federal budget. Want to root out waste in government? more »
Facts & Resources
Manufacturing Jobs Decline 17% Past Seven Years
Between 2001 and 2007, more 3 million manufacturing workers lost their jobs—a 17 percent decline.
Unfair Taxes, Benefit Wealthy, Hurt Middle Class
Today, the top federal income-tax rate for ordinary income is 35 percent, meaning that earned income is taxed at a rate 2 1/3 higher than income from capital gains
The News
Fed: Recession to Extend into 2009
November 20th, 2008
Bush Would Extend Jobless Benefits
November 20th, 2008
The Voices
Fed’s $1.6 Trillon Bet
Amid the clamor over the crisis on Wall Street, the U.S. Treasury’s $700 billion Troubled Asset Rescue Program, or “TARP,” bill and the evolving collapse of the global banking system, little attention has been paid to the extraordinary credit extensions at the Federal Reserve. But these are now without parallel in Fed history, including during the Great Depression.more »
American Taxpayers are Getting Played
Corporate America is playing us like chumps. Treasury Secretary Henry M. Paulson Jr. and the folks he's assembled to try to get us out of the economic tempest are being played like chumps. more »
Latest from our Bloggers
nov
19
2008
12:41 pm
12:41 pm
"The era of big government is over" is over. A major recovery program—featuring substantial public investment—will be inevitably the first initiative of the Obama administration. It should feature more spending than tax cuts—investing in renewable energy and conservation, in rebuilding everything from schools to bridges to a smart electric gird, in helping cities and states avoid crippling cuts of services, in keeping college affordable, providing health care to children, and aiding those most in need.
nov
19
2008
12:18 pm
12:18 pm
Rick explored why Mitt Romney is compelled to bury his home state of Michigan and the automobile industry that generated his family's wealth. Let's also explore the fertilizer he's using. more »
nov
18
2008
3:55 pm
3:55 pm
What do you do after a huge number of new swing-district Democrats win office promising to reform NAFTA? Apparently, if you are D.C. Democrats, you do this: more »
nov
18
2008
10:31 am
10:31 am
In the slapstick classic Funny Farm, Chevy Chase ends up writing a novel called The Big Heist which is so bad - so painfully, terribly awful - that he ends up going insane and burning it in front of his horrified wife. more »
nov
18
2008
10:18 am
10:18 am
Capitol Hill staff members, activists and experts met across the street from the Capitol this morning to build the case for "real investment in America"—shifting the focus from bailing out Wall Street to getting back to the basics of what made America great: its investments in public goods and people. We live-blog this conference.more »
nov
17
2008
4:48 pm
4:48 pm
Per my post earlier today, this is huge news if it holds: more »
nov
17
2008
12:12 pm
12:12 pm
Remember when Doris Kearns Goodwin and the rest of the elite media socialites took to the studios of Charlie Rose's show to portray the opponents of the bailout as wild-eyed leftists? more »
nov
17
2008
9:26 am
9:26 am
Bernie Horn is right that the most immediate fight we face is to prioritize massive public investment to get the economy back on track and de-prioritize short-term deficit reduction.
One thing now is crystal clear: which side the President-Elect is on. more »
