Friday's news that U.S. second quarter economic growth slipped to 2.4% produced shared concern across the political spectrum about the sluggish pace of the recovery. But among economists if not politicians, there is also an overwhelming consensus that without the Obama stimulus program, things would have been much, much worse. Now, a new analysis from […]

As Senate Republicans added blocking aid to small business to their record-setting obstructionism, Democrats this week failed to secure the needed votes for reform of the filibuster rule. But largely overlooked in the debate over the filibuster is the Republicans' unprecedented obstructionism when it comes to the confirmation of President Obama's judicial nominees. As it […]

In recent years, Pew Research, Time and others have found that almost half of Americans believe that the Second Coming of Christ and the End Times will occur during their lifetimes. Now, conservatives just need to make up their minds about whether this is a good thing. Because while Left Behind series author Tim Lahaye […]

Vice President Joe Biden, backed by the overwhelming consensus of economists, is right that the $787 billion Obama stimulus package has succeeded as designed. But as many warned - and the sluggish recovery now sadly seems to confirm - the American Reinvestment and Recovery Act (ARRA) should have been larger. But in blaming the Republicans […]

Back in February, Wisconsin Republican Paul Ryan defended his "Roadmap for America's Future," which among other things would privatize - and inevitably ration - Medicare. "Rationing happens today!" Ryan revealingly protested, "The question is who will do it? The government? Or you, your doctor and your family?" Of course, he omitted the real culprit, private […]

One day before Friday's dismal jobs report confirmed the pace of the U.S. recovery has slowed, House Speaker Nancy Pelosi called for the extension of unemployment benefits to "injects demand into the economy." But while the Republicans who have blocked the $112 billion package including the jobless benefits mocked her for it, Americans don't have […]

Refusing to extend unemployment benefits to 1.2 million Americans by adding to the deficit, Senate Republicans by a 41 to 57 margin on Thursday again filibustered the Democratic $112 billion jobs bill. As it turns out, most of the roughly $35 billion still needed to pay for it could largely come from a single source: […]

On Friday, Nobel prize-winning economist Paul Krugman and former Fed Chairman Alan Greenspan penned dueling op-eds on the federal budget deficit. While Greenspan warned that the "urgency to rein in budget deficits" is "none too soon," Krugman countered "many self-described deficit hawks are hypocrites, pure and simple." Which is exactly right. Only now, nine years […]

Over just the past few months, Republicans on Capitol Hill have defended predatory health insurers, corrupt Wall Street bankers and criminal coal mining companies. Now with word that President Obama has secured a $20 billion, independently administered escrow fund from BP to help pay for its devastating oil spill in the Gulf, leading lights of […]

Over the weekend, President Obama wrote Congressional leaders urging action on a $50 billion aid package for the states designed in part to avert "massive layoffs of teachers, police and firefighters." Which is exactly right. Because while the federal American Recovery and Reinvestment Act has worked as intended to boost employment and GDP, the dire […]