OurFuture.org Blogs: Robert Borosage

"The era of big government is over" is over. A major recovery program—featuring substantial public investment—will be inevitably the first initiative of the Obama administration. It should feature more spending than tax cuts—investing in renewable energy and conservation, in rebuilding everything from schools to bridges to a smart electric gird, in helping cities and states avoid crippling cuts of services, in keeping college affordable, providing health care to children, and aiding those most in need.

read more »

Sure, this is a center-right country, but only if you substitute addition for analysis. There are more conservatives than liberals — as there has been for years. So add them to the 44% of the electorate that says they are "moderates," and you get a center-right majority. But do a little analysis. "Moderate" isn't a place holder, as voters who describe themselves that way have attitudes on the issues of the day. And when you look at attitudes, rather than addition, there is no question: Conservatives have had their day. This is a center-left, not a center-right nation. read more »

Barack Obama’s historic victory in 2008 spearheaded not only a change election, but a sea-change election. It marks the end of the conservative era that has dominated our politics since 1980, and the beginning of a new era of progressive reform, driven by an emerging progressive majority. read more »

Americans wake today to a new dawn, a new possibility.

You don't have to drink the Kool-Aid to appreciate how extraordinary this is. We will look at one another with new eyes. We are a better, bigger, more generous, more optimistic people than many—particularly Karl Rove's acolytes in the McCain campaign—assumed.

read more »

If, as seems likely, Sen. Barack Obama is elected and Democrats win greater majorities in both houses of Congress, will we witness a new era of bold progressive change, a 21st-century Green New Deal? Certainly many of the elements are present: read more »

It marks the end of an era. Alan Greenspan, the maestro, defender of the market fundamentalist faith, champion of deregulation, celebrator of exotic banking inventions, admitted Thursday in a hearing before Rep. Henry Waxman’s House Committee and Oversight and Government Reform that he got it wrong. read more »

Focused on the election? Might be a good idea to watch your pockets at the same time. Here's a glance at what's happening to the Wall Street bailout.

read more »

Peering fearlessly into the increasingly likely terror of a Democratic President with larger Democratic majorities in both houses of Congress, the Wall Street Journal editorial page sums up the stark horrors that could ensure.

read more »

Nouriel Roubini is one of the few economists who warned about the housing bubble and predicted the financial collapse before it occurred. His alarms — dismissed as extreme by Wall Street nabobs and most economists — turned out to be right. Now he details the scope — and the limits of the global financial rescue plan announced this week.

read more »

So much for the $700 billion bailout of Wall Street. Stocks are tanking across the world. Clearly, once the bailout passed, investors took a good look at the real economy and dove for the mattresses. We’re headed into a great reckoning. And at the heart of that, as argued in our new op-ad in the New York Times, is this country’s unsustainable global economic strategy. read more »