Great Depression

Obama’s legislative wins: Too little, too late for Democrats?

Obama’s legislative wins: Too little, too late for Democrats?

Anxious and angry, Americans are not in a congratulatory mood. That’s bad news for President Barack Obama and his Democratic allies. After winning a landmark health care overhaul earlier this year, Obama now stands on the brink of seeing Congress approve the most far-reaching overhaul of Wall Street regulations since the 1930s. Democrats aim to […]

Senate passes financial industry overhaul

Senate passes financial industry overhaul

In a major victory for President Barack Obama, the US Senate has passed the most sweeping overhaul of financial industry rules since the Great Depression of the 1930s. By a 59-39 margin, lawmakers approved Thursday an ambitious effort to curb Wall Street excesses blamed for fueling the 2008 global economic meltdown, amid smoldering voter anger […]

Obama sings his old “blame Republicans” song

Obama sings his old “blame Republicans” song

With his administration and policies in disarray and his party’s fortunes falling, President Barack Obama returned Thursday to his familiar theme of blaming Republicans for his problems. Obama claimed any failures to jumpstart the economy is all the fault of his predecessor and the current GOP minority in the House and Senate and claimed his […]

Republicans block Wall Street reform…again

Republicans block Wall Street reform…again

Undaunted by the political risks, Senate Republicans hung together and again thwarted Democratic efforts to start formal debate on sweeping legislation to rein in Wall Street excesses. For the second time in two days, lawmakers voted 57-41 to take up the popular bill, falling short of the 60 needed to move ahead with the toughest […]

Dems to GOP: ‘Go ahead, make our day’

Dems to GOP: ‘Go ahead, make our day’

With a showdown vote looming, Democrats are resisting Republican appeals for a broad compromise on financial overhaul legislation and are eager to test whether GOP unity will crack in an anti-Wall Street political climate. The top negotiators on the regulatory bill — Democratic Sen. Christopher Dodd and Republican Sen. Richard Shelby — professed to be […]

Right wing rewrites history in real time

Right wing rewrites history in real time

The rabid right wants to rewrite history and in states like Texas they are already doing so. Conservatives in the Lone Star state want the state school board to rewrite teaching guidelines and force schools to downplay the role that Thomas Jefferson played in American history while praising right-wingers like Phyllis Schlafly and challenging the […]