News

Larry Beinhart: Why the Stimulus Package Failed

The stimulus package failed because it consisted mostly of tax cuts. Tax cuts are among the very worst ways to create jobs and certainly the most expensive. The stimulus package authorizes 787 billion dollars. According to the official website (Recovery.gov) $565 billion has actually been spent or credited. There are three categories of “stimulus.” Citing […]

William Hartung: Don’t Stall on New START

It’s time for the U.S. Senate to ratify the new arms reduction treaty between the United States and Russia (New START). The treaty‘s benefits are clear and concrete (PDF). Each side would reduce its nuclear stockpile by about one-third. Each side would adhere to an effective, multi-faceted monitoring scheme — including satellite reconnaissance, on-site inspections, […]

JPMorgan Internal Document Predicts ‘Gridlocked’ Congress ‘Without Any Landmark Legislation’

The financial titan JPMorgan Chase is betting on the next congressional session to be historic in its lack of productivity, according to a leaked internal document. On Tuesday, the money-in-politics research group Center for Responsive Politics published a document from JPMorgan’s government affairs office that gives some interesting hints as to how Wall Street views […]

Joseph C. Wilson: George Bush’s Deception Points

Having read that people began lining up in front of bookstores before former President Bush’s memoir, Decision Points, was due to be released, I hurried off to purchase mine early on November 9, arriving about fifteen minutes after opening time. I have the distinction of being the first person to purchase Bush’s book in Santa […]

Alvin Greene For President? Ex-Senate Candidate Considering Bid

Is there such a thing as too much Alvin Greene? Politico, perhaps searching for an answer to that question, called the failed South Carolina Democratic candidate for Senate to find out his thoughts on a potential 2012 run for president. “Maybe. I’ll have to see,” the political perplexity told Politico about seeking the nation’s highest […]

David Vines: Making Voting Easier for Every American

After the “shellacking” the Democrats received on Tuesday they will most certainly have to rethink their legislative priorities. With Joe Barton, the man who famously apologized to BP after the oil spill, set to be the head of the House Energy Committee, the Democrats will probably have to alter their expectations on cap-and-trade and environmental […]

Is Boehner more of a crybaby than Pelosi?

Is Boehner more of a crybaby than Pelosi?

Got hankies? The next speaker is a weeper. If soon-to-be-ousted House Speaker Nancy Pelosi is known for her steely smile and composure, her replacement, John Boehner, has a reputation for tearing up. It starts with a quaver in the Ohio Republican’s voice. Then there’s a pregnant pause as he tries — usually unsuccessfully — to […]

Republicans tap two tea party winners for transition help

Republicans tap two tea party winners for transition help

To help lead the GOP‘s transition to power in the House, Republicans on Monday tapped two newly elected congressmen who drew tea party backing in their campaigns. Adam Kinzinger of Illinois and Tim Scott of South Carolina, who won endorsements by Sarah Palin and support from tea party activists, are part of a 22-member team […]

Too much money in elections? Just wait

Too much money in elections? Just wait

All those campaign ads and cash? Just wait until 2012. The next election will bring an explosion of political money — perhaps hundreds of millions more than ever before — without effective spending limits, a fundraising bar raised sky high by Barack Obama in his presidential campaign in 2008 and multimillion-dollar fuel added by Republican […]