Appearing on Fox News Sunday, House Speaker John Boehner insisted, "What we have to understand is cutting spending will in fact help create jobs in America." But across the pond in the UK, Boehner's conservative allies are learning a different lesson. While U.S. gross domestic product jumped by 3.2% in the fourth quarter of 2010, […]

This week, House Majority Leader Eric Cantor (R-VA) became the latest Republican to give his party credit for the improving U.S. economy. After the Commerce Department reported American gross domestic product (GDP) jumped by 3.2% in the fourth quarter of 2010, Cantor attributed the gains to the December tax cut deal and supposed Republican fiscal […]

As the Washington Post and the New York Times reported, the rapidly developing unrest in Egypt is just as quickly posing a major challenge to U.S. foreign policy in the region. On Tuesday, Secretary of State declared "the Egyptian government is stable" even as tens of thousands of protesters poured into the streets of Cairo. […]

This week, former Minnesota Governor and obvious GOP White House hopeful Tim Pawlenty debuted a glitzy new ad to promote his new book and his upcoming candidacy. As it turns out, Pawlenty's timing in releasing his big-budget video just hours before the President's 2011 speech to Congress is altogether fitting. After all, Pawlenty's words sound […]

Two new surveys released today are just the latest signs the U.S. economic recovery is gaining steam. While a USA Today panel found "nine of 10 economists said they're more optimistic than three months ago," the National Association for Business Economics reported that "more firms expressing positive hiring plans than in over a decade." But […]

On Friday, the House approved the $801 billion "compromise" tax bill, sending it on to the White House for President Obama's signature. Over the next two years, that budget-busting, gilded class giveaway will cost the Treasury $70 billion in revenue lost from the top 2% of taxpayers and another $25 billion uncollected from the richest […]

On Sunday, incoming House Speaker John Boehner had his prime time debut on CBS 60 Minutes. Proclaiming "I reject the word" compromise, Boehner made clear that past performance would be a guarantee of future results. But even more pathetic was his staggering hypocrisy. After all, Boehner claimed that President Obama, a man he accused of […]

It is sadly ironic that President Obama held a Pearl Harbor Day press conference to defend his surrender to Republicans over the extension of Bush tax cuts for the wealthy. At a time when the United States is fighting two still-unpaid-for wars, facing staggering budget deficits and struggling to emerge from its deepest economic crisis […]

Back in 2006, billionaire Warren Buffett lamented, "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning." Now with President Obama's capitulation imminent on extending the Bush tax cuts for the rich, average Americans will once again be the big losers. After all, while the Bush years […]

Watching Barack Obama and John McCain over the past week has left pundits and armchair psychologists alike scratching their heads. While the two foes from the 2008 presidential election couldn't be more different, their puzzling performances over tax cuts for the wealthy and the repeal of Don't Ask, Don't Tell have the Washington commentariat paging […]