So the GOP's petulance has come to this. Opposition by House Republicans to any payroll tax cut extension began to fade last week only after President Obama issued a veto threat against a GOP bill tying the continued relief for working Americans to approval of the controversial Keystone XL pipeline project. The difference, Rep, Jeff […]

When House Speaker John Boehner denounced Democratic proposals to fund a payroll tax cut extension through a surtax on millionaires as a "job-killing tax hike on small businesses," he might have wanted to check with some first. As NPR revealed yesterday, the Congressional Republicans they consulted, including in the House and Senate leadership, "were unable […]

When President Obama on Tuesday declared that decades of Republican trickle-down economics "never worked," conservatives were predictably apoplectic. But for all of their protests of "class warfare", "socialism" and worse, Obama was being kind to the Republican ideologues. After all, as the historical record shows, from economic growth and job creation to stock market performance […]

Last year, Republicans successfully waged a scorched-earth campaign to preserve at all costs the Bush tax cuts for the richest two percent of Americans. Back then, Arizona Senator Jon Kyl defended the Treasury-draining, $70 billion a year windfall for the wealthy by proclaiming, "you should never have to offset the cost of a deliberate decision […]

On this the fourth Thanksgiving since the start of the Bush recession, families across America are still struggling with persistently high unemployment, underwater mortgages and stagnant wages. But as the nonpartisan Congressional Budget Office (CBO) reminded us this week, Americans can be thankful for the 2009 stimulus. Despite Republican mythmaking that the American Recovery and […]

In the wake of its clashes with police in cities across the country, some media (for example, here and here) are beginning to question whether the Occupy Wall Street (OWS) movement is becoming counterproductive. But lost in those debates is the undeniable victory of the Occupy movement, or at least this first phase of it. […]

For years, what passes for Republican economic policy has been dominated by "necessary lies," that is, statements which conservative ideology requires to be true despite being demonstrably false. Despite decades of GOP mythmaking, tax cuts don't pay for themselves or increase revenue. Employment and the overall U.S. economy grew faster when America's so-called "job creators" […]

Rolling out his plan to cut the national debt last week, Mitt Romney promised to "align federal employee compensation with the public sector." If so, the roughly 2.8 million federal workers whose pay has been frozen by President Obama can expect a big raise from President Romney. As the Bureau of Labor Statistics reported Friday, […]

As polling and media analyses revealed earlier this year, Republicans used the 2010 midterm campaign to completely turn the focus in Washington from job creation to deficit reduction. But now that the Occupy Wall Street movement is well into its second month, the GOP is changing its tune. We know this not only from recent […]

House Budget Committee chairman and supposed GOP wunderkind Paul Ryan chose the wrong the week to attack President Obama for "sowing social unrest and class resentment." After all, just one day earlier the CBO confirmed that income inequality in the U.S. is at highest level in 80 years, a yawning gap certain to be enlarged […]