In an op-ed in today's New York Times, Jeffrey Ganns provides the most insightful explanation yet of why S&P downgraded the U.S. credit rating even though there is no evidence that the United...
August 10, 2011 | David Callahan
The cascade of budget cuts continues. The National Employment Law Project (NELP) reported last week that several states, including Michigan, South Carolina, and Florida, were cutting unemployment...
August 10, 2011 | Rakim Brooks
The stakes of our leaders’ surreal obsession with deficits just got a lot higher. The economy could tip from stagnation into a real depression. As it dawned on Wall Street that austerity...
August 9, 2011 | Robert Kuttner
Among the many questionable assertions in Drew Westen's Times article yesterday was that Obama's "half-stimulus" was "diluted" with "tax cuts that had already been shown to be inert."
August 8, 2011 | David Callahan
Like many progressives, I have been disappointed by President Obama for not staking out more aggressive negotiating positions and being a more forceful leader overall.
August 8, 2011 | David Callahan
Consumer borrowing can be a powerful sign of economic confidence, an indication that households are feeling flush and assured of their future ability to pay back debt without undue difficulty. So...
August 8, 2011 | Amy Traub
Imagine an America that boldly undertakes a major effort of unprecedented scale. Now imagine that no one knows how much it will cost or when it will end, only that it is imperative to act if we are...
August 8, 2011 | Guest Author
In the financial crisis, the signature of the credit-rating companies has been that they are a day late and a dollar short. In this case, $2 trillion. S&P made a $2 trillion error in the...
August 8, 2011 | Robert Kuttner