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July 26, 2011 :: staff :: No Comment Yet
While House and Senate leaders are now moving away from Pres. Obama’s $4 trillion debt deal, proposing far less in real long-term debt and deficit reduction, Standard and Poors is threatening to downgrade the nation’s credit rating for bond sales. The rating agency is demanding $4 trillion in deficit reduction, calling for a plan that will put the debt trajectory on a “sustainable path”.
July 26, 2011 :: The Editors :: No Comment Yet
If the leadership of the House of Representatives does not craft a bill that can work as a bipartisan compromise that will pass both houses, and be signed into law, they will be knowingly imposing on the entire American economy a steep “tax”, in the form of rapidly escalating interest rates. Those interest rate increases [...]
July 25, 2011 :: The Editors :: No Comment Yet
At least 80, possibly as many as 120 House Republicans have now vowed they will vote against raising the debt ceiling, no matter what the makeup of the compromise reached, no matter the consequences for the economy, for national security, or for America’s future. Speaker John Boehner is caught between a rock and a … well, the smart thing would be for him to work with Democrats, so he can pass something serious and save the country from an economic disaster of his own making.
July 24, 2011 :: J.E. Robertson :: No Comment Yet
House Speaker John Boehner appears to be under attack from an intransigent House Republican caucus that will not allow him to retain any credible leadership if he agrees to a debt and deficit reduction plan that includes any tax increases of any kind. While select Republicans in the Senate agree with the deficit commission recommendations and the Gang of Six proposal—which recognizes the need to increase revenues to deal with escalating deficits—, radicals refuse to agree to any compromise.
July 24, 2011 :: staff :: One Comment
In a bizarre interview with Fox News’ Chris Wallace, House Speaker John Boehner appeared embattled, distracted and without a firm grip on any solution to the debt ceiling crisis. He seemed to be unable to speak about the debt ceiling crisis in any truthful manner, repeatedly attacking Pres. Obama for not being willing to make a deal, despite Obama offering far more than any president, Democratic or Republican, in debt and deficit reduction, in fact offering far more than Boehner himself was seeking.
July 23, 2011 :: The Editors :: No Comment Yet
The Bipartisan Policy Center has found that if there is no agreement to raise the debt limit by August 2, the Treasury Department would fail to pay 44 percent of its obligations. That 44 percent of government spending, over a year, is equivalent to a real decline in GDP of 10 percent. The number is that high because the Treasury Department has been making fiscal adjustments since March, in order to stave off default. Those adjustment have been pushed as far as possible and cannot continue to push back the deadline, beyond August 2.
July 23, 2011 :: J.E. Robertson :: No Comment Yet
It is a virtual mantra in the universe of political analysis that “business doesn’t like uncertainty”, and it is true that declining consumer spending, increasing fuel costs, squeeze profits and that in some cases, businesses worry about changes to the regulations they must follow. But uncertainty is the nature of an evolving global economy, and with the accelerating pace of innovation, doing any business well is going to require dealing intelligently with uncertainty.
July 23, 2011 :: staff :: No Comment Yet
Speaker John Boehner walked out of debt ceiling negotiations this morning, informing the press, and only then the White House that he was not planning to return to negotiations. Shortly after 6 pm EDT, Pres. Obama spoke to the press, and took questions, explaining that the deal offered to House Republicans was far more favorable [...]
July 23, 2011 :: The Editors :: 16 Comments
Ron Paul gave Fox News’ Neil Cavuto the latest in a series of Republican presidential campaign advertisements, posing as interview, today as the nation waited to see Congressional leaders gather with Pres. Obama in the White House Cabinet Room. While Cavuto labored to spin the issue toward a Tea Party interpretation of reality, Mr. Paul made the astonishing claim that the least damaging outcome of the debt ceiling negotiations would be a national default.
July 22, 2011 :: staff :: No Comment Yet
Republican Speaker of the House John Boehner has walked out of debt ceiling negotiations, with reports suggesting the Gang of Six proposal may have led to his rejection of a deal more favorable to his side than to the Democratic side. The Gang of Six proposal was based on the suggestions of a bipartisan budget-deficit commission, and included the need to raise revenues to help fund responsible deficit reduction.
July 22, 2011 :: The Editors :: No Comment Yet
Today, the Speaker of the House of representatives abandoned debt ceiling negotiations, while putting the entire House on recess for the weekend. He did not return White House phone calls until after 5 pm, only to explain that he was now rejecting any plan of any kind that would raise taxes by any amount. After moving toward a credible compromise that would involve serious debt and deficit reduction, Boehner suddenly returned to the radical “starve the beast” anti-tax policy of Grover Norquist.
July 22, 2011 :: staff :: 2 Comments
80% of Americans want tax increases to form part of a responsible, viable, comprehensive debt and deficit-reduction plan. Only 20% of Americans agree with the radical Tea Party position that there should be zero new revenues to help fund a comprehensive plan for debt and deficit-reduction. Even among Republicans, only 26% believe a serious debt and deficit-reduction plan should be done entirely with spending cuts.
July 21, 2011 :: J.E. Robertson :: No Comment Yet
Borders Books and Music was a place of pilgrimage for book lovers, music lovers and people who loved to sit with coffee and read, chat or peruse magazines they might or might not buy. It has played a vital role in the distribution of books of both wide and narrow market interest, and has driven the cathedral-warehouse paradigm of big bookstore chains. Its failure, however, opens the field for more innovative, more reader-friendly experiments in book selling.
July 21, 2011 :: staff :: No Comment Yet
In 1987, Pres. Ronald Reagan urged the United States Congress to raise the debt ceiling, to put aside partisan politics in the interests of the nation and the world. Here’s an excerpt of his address: Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of [...]
July 21, 2011 :: The Editors :: No Comment Yet
When comedians are keeping watch over the deliberate falsehoods dispensed by “mainstream media”, there is something rotten in the culture of our free press. Not because comedians shouldn’t do that work—all citizens should—but because the mainstream media should be committed, at every level, to truth-telling and citizenship. Fox News, in light of the bribery, spying and coercion, scandal engulfing its parent company, has definitively shown how far from that mission its news operation is.
July 18, 2011 :: J.E. Robertson :: No Comment Yet
The road to economic recovery must run through major new infrastructure upgrades, innovation and development. The American infrastructure was once the envy of the world, a valiant testament to the ingenuity and collaborative muscle of a free people; now, it is crumbling [pdf] from malignant neglect, and the cynicism of our political system’s dealings with money.
July 17, 2011 :: The Editors :: One Comment
The Wall Street Journal is an historic and storied publication, known for top-quality journalism and meticulous reporting of facts relevant to financial markets and economic activity more broadly. It is a mainstay of American print media, and has long been known for honoring the bright line that must be drawn between editorial viewpoints and news reporting. Since 2007, however, it is owned by Rupert Murdoch’s News Corp., and not all of that legacy remains certain to everyone.
July 17, 2011 :: staff :: No Comment Yet
The downward spiral of Rupert Murdoch’s media empire has deepened, as Rebekah Brooks, former editor of the News of the World tabloid, accused of bribery and illegal hacking of private phone messages and other documents, has now been arrested. Now, the multinational News Corp., which owns not only the now closed News of the World, [...]
July 16, 2011 :: J.E. Robertson :: No Comment Yet
We will not fall magically into a rising tide of job creation, just by depriving ourselves of services and privileges we have built into our way of life and on which our prosperity depends. And we will not create jobs by privileging those industries that are doing the least to innovate. Innovation is the American way; it is what the nation has always struggled to accomplish, and it must be the cornerstone of a new job-creation boom.
July 16, 2011 :: The Editors :: No Comment Yet
Anyone who wants to drive the nation to default, in order to “hurt Obama” or promote some narrow ideological interest, hates this country. There is no other way to see it. People who lust after, and joke about, and court and urge and instigate, the failure of their nation, with the idea that doing so might elevate their faction in the resulting chaos, harbors a deep and pervasive resentment against the majority of the people who will suffer as a result.
July 15, 2011 :: staff :: No Comment Yet
News Corp., the New York-based multinational media conglomerate whose majority shareholder is the controversial billionaire Rupert Murdoch, is now facing an FBI investigation for illegal activity in news gathering. Long maligned by press advocacy groups as a leading source of abusive media activity, and even of attacks on genuine news sources, News Corp. is now being accused of having authorized bribery and/or hacking activity to gain illegal access to the private files of victims of the terrorist attacks of September 11, 2001.
July 15, 2011 :: J.E. Robertson :: No Comment Yet
The House majority leader Eric Cantor (R-VA) recently published an op-ed, in which he argued that “If Washington actually had the discipline to live within its means over the long term, every American citizen would not owe $46,000 toward the national debt.” The rhetoric is effective, but the logic is flawed; not every American “owes” an equal share of the national debt.
July 15, 2011 :: The Editors :: 2 Comments
The Republican House majority leader Eric Cantor (R-VA) has made himself into a lightning rod for criticism from all quarters, in the debt ceiling negotiations at the White House, by obstructing substantive negotiations two days in a row. Cantor has now taken a hard line that no tax increases of any kind will be contemplated, [...]
July 15, 2011 :: The Editors :: 3 Comments
The Libya Contact Group held its most recent diplomatic summit today in Istanbul, to discuss how best to deal with the exigencies of the security crisis there, and possible political solutions. Sec. of State Hillary Rodham Clinton, of the United States, now fully recognizes the Transitional National Council, based in Benghazi, as the legitimate government [...]
July 13, 2011 :: J.E. Robertson :: No Comment Yet
The investigative news magazine Vanguard reports from Indonesia on the tobacco industry’s massive, coordinated effort to get as many young people across the developing world, hooked on deadly cigarettes, in order to profit from their addiction. New York mayor Michael Bloomberg says 1 billion people will be killed by smoking this century, unless something is done to curb big tobacco’s efforts to profit from destroying the health of its customers.
July 12, 2011 :: staff :: No Comment Yet
Gov. Scott Walker has divided Wisconsin like no politician since the 1880s. His government engaged in what critics called a campaign of naked corruption almost from the day he took office. He was accused of illegally using the police to threaten, harass and intimidate the families of his opponents in the state legislature. He was [...]
July 11, 2011 :: J.E. Robertson :: No Comment Yet
The United States of America has been, since its birth 235 years ago, a world leader in promoting universal public education. It has also been a world leader in promoting universal access to higher education and to advanced degrees. That history has made the US a leader in technological innovation and advanced problem solving for two centuries. That legacy is under threat, and national educational aims demand immediate attention.
July 6, 2011 :: staff :: No Comment Yet
Today, at the White House, at 2pm EDT, Pres. Barack Obama became the first American president to “live tweet”, posting to his Twitter account the question, “in order to reduce the deficit,what costs would you cut and what investments would you keep”, signing it, simply “- bo”. The president then answered questions, selected by “curators” across the country, who sorted through tens of thousands of questions from Twitter users. He had no prior knowledge of the questions, nor did the moderator, Twitter co-founder Jack Dorsey.
July 6, 2011 :: J.E. Robertson :: No Comment Yet
Generative economics is rooted in a simple insight: that economic activities can have corrosive or generative impacts on future available resources. The dynamics of an economic environment can add another layer of corrosive or generative potential to the activities in question. Analysis can be subtle, however, because generative qualities are often not the focus of conventional thinking or play out over the long term.
July 5, 2011 :: staff :: No Comment Yet
The rupture of a pipeline in Montana has caused at least several tens of thousands of barrels of oil to spill into the pristine Yellowstone River, raising concerns about the tar sands pipeline planned to pass through the most important fossil aquifer in North America. The spill is precisely the kind of irreversible and unnecessary environmental disaster conservationists, farmers, energy reformers and local activists across the Great Plains seek to prevent.
July 5, 2011 :: J.E. Robertson :: No Comment Yet
IndependentsOfPrinciple.com :: The Tea Party movement, which claims it is driven by a resistance to taxation, is really motivated by a widespread sense of economic disenfranchisement, that is now reaching everyone except the superrich. The populist urgency that underscores all of the Tea Party’s energy is not inherently linked to Grover Norquist’s anti-American “Club for [...]
July 4, 2011 :: J.E. Robertson :: No Comment Yet
A federal appeals court has ruled that Congress acted within its Constitutional authority when it passed the Patient Protection and Affordable Care Act into law, last year. Importantly, the three judge panel voted two to one, with one Republican nominee and former Scalia law clerk in the majority, that the individual mandate is in line with Congressional authority to regulate interstate commerce.
June 28, 2011 :: J.E. Robertson :: No Comment Yet
The view taken by some in Washington that major reductions in the United States’ national debt can be achieved without addressing revenues is essentially a pledge to do nothing serious about the debt or deficit. The reason: the ideology of supply-side tax-cut-only social policy not only requires, but admires “deficit spending”.
June 26, 2011 :: J.E. Robertson :: No Comment Yet
Citizens Climate Lobby is an international non-partisan, non-profit volunteer organization, working to build political will for a livable world. To do that, they aim to find an ideologically neutral, democratically viable, market-focused way to reduce the amount of carbon trapped in Earth’s atmosphere and speed the transition to clean, renewable fuels. I am proud to be a member of the organization, and one who is inspired by the passion of its volunteers and fortunate to count so many good friends among its partners.
June 16, 2011 :: The Editors :: No Comment Yet
Spain’s May 15th movement is often called the revolution of the indignados, indignant at the failure of elective government to solve the problems that increasingly define the lives of ordinary people. The complaint, succinctly, is that the powers that be are collaborating in a systemic failure to live up to the rigors of a healthy, legitimate social contract.
May 27, 2011 :: J.E. Robertson :: No Comment Yet
An effort by the Catalan state police, the Mossos d’Esquadra, to remove protesters from the Plaça Catalunya, by use of force, has ended with at least 125 people reported injured, the demonstrators retaking the square, and the Mossos forced to retreat. Protests have now spread to other parts of the city, as students have reportedly closed la Avinguda Diagonal, one of the city’s main thoroughfares, “in solidarity with the protesters in Plaça Catalunya”.
May 27, 2011 :: J.E. Robertson :: No Comment Yet
In Spain’s capital, Madrid, in the heart of the city, at the Puerta del Sol, from which major roads radiate out toward all corners of the country, thousands of protesters, of all ages and social classes, young and old, have set up camp, literally, in what is now a Europe-wide demand for economic democracy. The [...]
May 21, 2011 :: staff :: Comments Off
Tens of thousands of youth protesters are occupying la Puerta del Sol, the central square in Madrid, the capital of Spain. They have been occupying the square for a week, and last night camped overnight, despite a new government ban. The protesters are calling themselves “los Indignados”, the indignant.
May 20, 2011 :: The Editors :: Comments Off
Pres. Barack Obama upset many in Israel yesterday, when he called for a two-state solution based on the 1967 borders. Prime Minister Benjamin Netanyahu has rejected the idea, saying it would not allow Israel to effectively defend itself, and conservative opponents of Obama are now actively trying to vilify him as having abandoned Israel. This [...]
May 5, 2011 :: J.E. Robertson :: Comments Off
There is a simple response to the GOP hardliners who say bin Laden’s demise justifies waterboarding and other torture techniques used under the Bush administration, and that is: if it had worked, it would not have taken 10 years to locate bin Laden. What “led” the US intelligence community, and SEAL Team Six to bin Laden’s fortified compound was long-running, diligent intelligence work of the kind that is hampered and obstructed by irrational fits of violence, torture and vengeful behavior.
May 3, 2011 :: The Editors :: Comments Off
Now is the time for Republicans to lay down their arms and help Pres. Obama build a better, safer, more cooperative American future. In just a few short days, they have lost the birther issue, the budget issue, and, more importantly, the national security issue. They have no candidates with any military or command experience, and Barack Obama has just accomplished what George W. Bush and Dick Cheney, with all they did to alter US and world politics to empower their administration, could not do in seven: he killed Osama bin Laden.
May 3, 2011 :: staff :: Comments Off
Good evening. Tonight, I can report to the American people and to the world that the United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda, and a terrorist who’s responsible for the murder of thousands of innocent men, women, and children.
May 2, 2011 :: staff :: Comments Off
Pakistan’s president Asif Ali Zardari, whose late wife Benazir Bhutto was assassinated by extremists shortly after returning to her homeland to seek the presidency, said he was not informed prior to the operation that it was taking place, but that his government, and all of Pakistan should celebrate Bin Laden’s demise. Bin Laden had repeatedly tried to kill Bhutto, and was suspected of plotting to assassinate Pres. Zardari.
May 1, 2011 :: staff :: Comments Off
Tonight, the news is breaking across global television and online media that the president of the United States will be making a special televised address to announce that Osama bin Laden has been confirmed killed. NBC News’ Chuck Todd is reporting the news began to leak out after Pres. Obama began informing, by telephone, the key leaders in Congress, that he would be making this announcement.
April 28, 2011 :: staff :: Comments Off
In his weekly address, President Obama laid out his plans to address rising gas prices over the short and the long term. While there is no silver bullet to bring down prices right away, there are a few things we can do. This week, the Attorney General launched a task force dedicated to rooting out fraud or manipulations in the oil markets. The President called for finally ending the $4 billion in taxpayer money that the oil and gas companies receive annually. And, we need to continue safe, responsible production of oil at home. But in the long term, we need to invest in clean, renewable energy. That is why the President strongly disagrees with a proposal in Congress that cuts our investments in clean energy by 70 percent.
April 21, 2011 :: J.E. Robertson :: Comments Off
The al-Khalifa regime in Bahrain has seen its international reputation deteriorate from apparent friend of western nations and western values to violent police state using foreign mercenaries to kill its own people. No human rights lawyers were needed to bring about that shift; this was the flagrant, unapologetic and coordinated response of the regime to its people’s fairly moderate demand for political reform.
April 4, 2011 :: J.E. Robertson :: Comments Off
GOOD.is has released this infographic illustrating the significant disparity between the current demographic makeup of the United States Congress (both houses combined) and the actual population of the United States. There is a clear drag on progress in most Americans’ access to Congressional office, and it appears the composition of Congress would shift to the Democratic party, given the current policy platforms and voting tendencies of distinct (and overlapping) demographic groups.
April 3, 2011 :: J.E. Robertson :: Comments Off
The United States Supreme Court is preparing to hear oral arguments in a landmark campaign finance case, in which a wealthy candidate who chose not to use public matching funds alleges those funds amounted to an illegal enhancement of his opponent’s speech. That assisted speech, the argument goes, was an unconstitutional government intrusion into the [...]
April 3, 2011 :: The Editors :: Comments Off
Grover Norquist infamously said he wanted to shrink the size of government till it could be drowned in a bathtub. That is, remember, the American government, the revolutionary democratic republic set up by George Washinton, Thomas Jefferson, Madison, Hamilton, and company. Not an enemy government, but the government that protects and serves the interests of [...]
March 27, 2011 :: The Editors :: 2 Comments
Today, Juan Cole published an open letter to the political left, asking them to understand the humanitarian urgency of the situation in Libya, and to balance their desire for an end to war and foreign interventions against the need to protect human life and ensure that a viable democracy movement is not put down through massive slaughter of thousands or tens of thousands of civilians. Cole is right. Though military action is never the best of all possible outcomes, it is sometimes the only way to protect innocent human life against plans of deliberate mass murder.
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