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:
On January 20, be on the lookout for bonfires across the country and around the world, as ceremonial burnings of the Bush war doctrine light up the sky. A new administration provides an opportunity for change, after eight dark years of devastating wars and consistent violations of international law, matched by the shredding of the Constitution. read more »
It is time to consider how we take advantage of an historic opportunity to recapture the legacy of our New Deal predecessors. See our latest ad and join the discussion of how we build a New Deal for the 21st century.
We have let public good be subordinated to corporate greed.
• Corporate profits have climbed 13 percent a year in the six years after the 2001 recession ended. Productivity has also increased by 11 percent since the recovery of the 2001 recession. read more »
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washingtonindependent.com — The financial storm arrives at an inopportune time in the health-care debate. With the economy in turmoil and a budget deficit likely to top $500 billion next year, many health-policy experts question how far either Sen. Barack Obama or Sen. John McCain could push their health-care plans.
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nationaljournal.com — Either Sen. John McCain, R-Ariz., or Sen. Barack Obama, D-Ill., will have the best chance since Dwight Eisenhower's administration to cut the bloated national defense budget, now up to about $700 billion a year. There are dramatic differences between the two candidates on defense spending, but also significant similarities.
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While the recently passed bailout bill may or may not help to stabilize the credit markets (and on Monday it looked as if it may have in fact made it worse) it is absolutely clear that it does nothing to address the fundamental cause of this crisis – declining home prices and eight years of stagnant wages for the overwhelming majority of working families. 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 »