Romney Passes the Buck

Because Bain Capital did things between 1999 and 2002 that Mitt Romney doesn’t want to defend — such as exporting American jobs — Romney claims that its outsourcing program wasn’t his doing. He says he played no “active role” in...
Economic Rapture Might Be around the Corner

Economic Rapture Might Be around the Corner

It’s January 25, 2001, the first week of the Bush presidency and more than half a year before the September 11 attacks. Federal Reserve Chairman Alan Greenspan testifies before the Senate Budget Committee, asserting: “If current policies remain in place,...
Shameless Tax Loopholes

Shameless Tax Loopholes

Don’t just hang Your head and moan, Buy a loophole Of your own. One intriguing aspect of today’s taxation debate is that it’s so shameless. Republican leaders aren’t embarrassed in the slightest to shill for the rich. Consider this gem from...
50 Years of Gutting America’s Middle Class

50 Years of Gutting America’s Middle Class

Sam Walton opened the first Walmart store in Rogers, Arkansas, 50 years ago this month. Sprawled along a major thoroughfare outside the city’s downtown, that inaugural store embodied many of the hallmarks that have since come to define the Walmart way of doing...
Save Austerity Measures for the Next Boom

Save Austerity Measures for the Next Boom

There are two competing theories on how to pull us out of the economic slump we’re in, but you’d hardly know it from the debate going on in Washington. Conservatives, who want us to cut our way to prosperity, keep drowning out those who think we should be...
The Tea Party Shtick

The Tea Party Shtick

Not too long ago, Americans only dressed up in George Washington wigs and tri-corner hats on the Fourth of July. But then the tea party came along. Colonial garb started turning up at rallies all year around. In quick order, the legacy of 1776 started...