Last summer, Moody's economist and former adviser to Republican presidential candidate John McCain Mark Zandi authored a study which concluded that combined federal interventions beginning in the fall of 2008 prevented the Great Recession from becoming Depression 2.0. Now in a new report, Zandi warns that the GOP's plan to slash $61 billion in federal […]
Month: February 2011
During the debate over the stimulus program in early 2009, Senate Minority Leader Mitch McConnell proposed, "If the money were lent rather than just granted, states would, I think, spend it wisely and the states that didn't need it at all wouldn't take any." Now would be a good time to take him up on […]
As all eyes remained focused on the union-busting face-off in Wisconsin, the Commerce Department on Friday released a revised estimate of U.S. economic growth for the last quarter of 2010. And that downward GDP revision not only shatters prevailing myths about supposedly bloated government spending and payrolls. The numbers confirm once again that budget cutters […]
During his 2004 campaign, Oklahoma Republican Senator Tom Coburn declared, "I favor the death penalty for abortionists." Four years later, vice presidential candidate Sarah Palin famously refused to condemn an abortion clinic bomber as a "terrorist." Last week, a GOP mayoral candidate in Jacksonville joked that bombing an abortion clinic "may cross my mind." Now, […]
"Two men say they're Jesus, one of them must be wrong." As it turns out, those 1982 Dire Straits lyrics sum up the current dire straits of the 2012 Republican presidential field. With the premature withdrawal of John Thune and Mike Pence from the ranks of the GOP White House hopefuls, social conservatives are nervously […]
Three trillion dollars. Once all the costs of the actual fighting, veterans care, expanded baseline defense spending and extra interest on the national debt are factored in, that's the price tag for the still-unfunded American wars in Afghanistan and Iraq. But there's one more reason to institute a post-recession war tax to pay for the […]
A word of advice to conservatives desperately trying to smear teachers and other public employees in Wisconsin: when trapped in a hole, first stop digging. On Monday, the right-wing blogosphere made the mistake of complaining that Wisconsin received millions of dollars in federal education aid when solidly Republican red states get much, much more. Now, […]
For years, red state socialism - the steady, one-way flow of taxpayer dollars from Washington DC to solidly Republican states - has been one of the defining traits of American federalism. Which is why the conservative charge that Wisconsin schools - and their unionized teachers - received $670 million in federal funding is so laughable. […]
Perhaps more than any other factor, the overwhelming Republican midterm triumph was fueled by the elderly. Voters 65 and over, the only age group to support John McCain in 2008, boosted their share of the turnout to 21% from 16% two years earlier. Nationwide, Republicans won seniors by a staggering 59% to 38%. But now, […]
In just the latest front in the perpetual GOP campaign to divide and conquer, Republicans are trying to get Americans to turn on their neighbors who work for government and unions on each other. Of course, the Republican assault on collective bargaining rights for public employees in Wisconsin, Ohio,