Archives for News

Bush: No Regrets About Wall Street Bailout

George W. Bush has no regrets about his decision to initiate the $700-billion bailout of Wall Streett. In a special hour-long interview Sunday evening with Candy Crowley on “State of the Union,” the former president defended his reaction to the financial crisis in 2008: GEORGE W. BUSH: I wasn’t a very good economic prognosticator. I did know we were in deep trouble. And that’s why I made the decision I made. And in my book, I chronicle the history of the meltdown and then the decisions I took to prevent the economy from cratering. There is a lot of people
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Craig Newmark: Sunlight Foundation: real transparency from Congress

Hey, maybe we get more fixed in Washington. I’m a very minor part of the Sunlight Foundation, which encourages lawmakers to get real about creating a more open, accountable Congress. For context, check out The Transparency Caucus: big step toward fixing Washington.         Here’s their deal: Post public ethics filings online. These documents — which include personal financial disclosures, travel reports and recusals, as well as congressional ethics reports — should be made available free to the public and digitized in a structured data format. Strengthen congressional ethics. The Office of Congressional Ethics annual budget should be
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Farm Subsidies Highlight The Hypocrisy Of Anti-Spending Politicians

WASHINGTON — Many Republicans who swept rural Democrats from office are now confronting the reality of a promise to reduce spending: Should it cover the farm subsidies that have brought money and jobs to their districts – and directly benefited some GOP lawmakers or their families? At least 13 Democrats on the House Agriculture Committee lost on Nov. 2, and most of then helped steer generous farm support back home. Many of their replacements avoided the issue of farm payments during the campaign as they focused on broader themes of lowering federal spending and changing Washington. They’ll have to face
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Mike Lux: A Party for the Middle Class

A sweeping loss, and two years of angst and frustration after people felt so hopeful, generates a lot of interesting conversation (as well as quite a bit that isn’t interesting at all- but I’m not here to talk about that). There is discussion of how to come back; discussion about shaking up leadership at the White House or Capitol Hill; there is all the positioning palaver I have written about (although that is mostly in that uninteresting category); there is talk of the need for a new economic strategy. And on the edgiest side of things, there is talk about
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Robert Kuttner: What Planet Are Deficit Hawks Living on?

To read the papers and watch TV news during the past week, you would think that the most dire problem afflicting Americans was the federal deficit in 2020 or 2030. But for most people, the crisis right now is lost income, lost jobs, lost homes. And the recommendations of the two co-chairs of the fiscal commission would make the prolonged stagnation worse, by commencing belt-tightening less than a year from now, at the beginning is fiscal year 2012 (October 2011) when most economic forecasts say unemployment will still be around ten percent. The economy is on the brink of a
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Charles D. Ellison: MSNBC Leans Backward on Missed Opportunity

What wasn’t said during the Keith Olbermann debacle the other week had little to do with the fact that Olbermann clowned himself into a corner of ideological hypocrite. Let’s forget for a moment that his show is mad predictable or that you know what he’ll say or what his guests will say every hour he airs. Or, that the people he interviews will almost always agree with him. Or, that he’s a highly successful, well-paid talking point. That his angry tirades and on-air volleys at FOX News’ host Bill O’Reilly’s expense are, actually, a bit tired now, the rant that
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Christine Pelosi: It Is Time to Heal America’s Civilian-Military Divide

Though millions of Americans paused to remember those who served our country and honor those who still wear the uniform on Veterans Day, our civilian-military divide persists and must be healed. As a proud family member of three generations who wore the uniform, I’m convinced that we can do more to help. For years now, we have had raging debates over how to separate the war from the warrior — how to recruit, support, and fund a strong military while debating the policies for which those in uniform will risk their lives. Now more than ever anti-war activists play a
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Lame ducks return to Washington

House takeover, hobbled Democrats and invigorated Republicans return Monday to a testy tax dispute and a lengthy to-do list for a post-election session of Congress unlikely to achieve any landmark legislation. With change clearly in the air, more than 100 mainly Republican freshmen arrive on Capitol Hill to be schooled on the jobs they’ll assume when the next Congress convenes in January. For Democrats, it’s another sad note as one of their most venerable members goes on trial on ethics charges. Lame-duck sessions are usually unpopular and unproductive. Nothing suggests otherwise this year. Republicans are looking ahead to January, when
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John McCain: My Wife Agrees With Me On DADT Despite Her Video

Sen. John McCain (R-AZ) insisted on Sunday that there was no rift of opinion between him and his wife over the issue of repealing the military’s ‘Don’t Ask Don’t Tell’ policy. Cindy McCain doesn’t endorse immediate repeal despite recording an ad accusing political leaders of forcing gay servicemen to live a lie, her husband stressed. “I respect the First Amendment rights of every member of my family,” Senator McCain joked in what was his 59th appearance on Meet The Press. The Senator was confirming a clarification of position that his wife had made two days prior. Earlier in the week,
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Rahm Emanuel Releases First Ad Of Chicago Mayoral Bid (VIDEO)

WASHINGTON — In a formal launching of his candidacy for mayor of Chicago, former White House chief of staff Rahm Emanuel released his first television ad of the cycle on Sunday. The spot — announced via the twitter account of top aide, Ben LaBolt — emphasizes Emanuel’s candidacy as an opportunity for the city to rescue itself from crisis. “We have to make city government more accessible to everybody, and I think we are at a crossroads,” Emanuel says, in the self-narrated spot. “We have got to decide whether we are going to continue to be a great city or
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