Tag: Politics

Sep 16 2011

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Paul Krugman: A Constant Flow of Bad News for Europe and the US

In the United States, we have zero job growth, with unemployment still at nosebleed levels, according to a recent government report. Meanwhile, the interest rate on 10-year bonds is down to 2.04 percent, and it’s negative on inflation-protected securities.

Aren’t you glad we pivoted from jobs to deficits a year and a half ago?

Meanwhile, on the other side of the pond, “Is Austerity Killing Europe’s Recovery?” asks The Washington Post.

Howard Schneider, a staff writer who covers international economics, wrote on Sept. 1: “After more than a year of aggressive budget cutting by European governments, an economic slowdown on the continent is confronting policymakers from Madrid to Frankfurt with an uncomfortable question: Have they been addressing the wrong problem?”

Yah think?

Robert Resich: The Republican Weapon of Mass Cynicism

According to the latest ABC New/Washington Post poll, 77 percent of Americans say they “feel things have gotten pretty seriously off on the wrong track” in this country. That’s the highest percentage since January, 2009.

No surprise. The economy is almost as rotten now as it was two years ago. And, yes, this poses a huge risk to President Obama’s reelection, as it does to congressional Democrats.

But the truly remarkable thing is how little faith Americans have in government to set things right. This cynicism poses an even bigger challenge to Obama and the Democrats – and perhaps to all of us.

Robert Sheer: Obama’s Economic Policies: One Betrayal Too Many

It’s getting too late to give President Barack Obama a pass on the economy. Sure, he inherited an enormous mess from George W., who whistled “Dixie” while the banking system imploded. But it’s time for Democrats to admit that their guy bears considerable responsibility for not turning things around.

He blindly followed President Bush’s would-be remedy of throwing money at the banks and getting nothing in return for beleaguered homeowners. Sadly, Obama has proved to be nothing more than a Bill Clinton clone triangulating with the Wall Street lobbyists at the expense of ordinary folks.

Dean Baker: Lehman Three Years Later: What We Haven’t Learned

As we prepare to celebrate the third anniversary of the Lehman bankruptcy and the ensuing financial crisis, it’s a good time to assess the situation and ask what has changed. The answer is not encouraging.

Very little has changed about either the realities on the ground or the intellectual debate on economic issues in the last three years. The too-big-to-fail banks are bigger than ever as a result of crisis-induced mergers. Financial industry profits now exceed their pre-crisis share of corporate profits, and executive pay and bonuses are again at their bubble peaks.

None of the executives who pushed and packaged fraudulent mortgages have gone to jail. Even those who have faced civil actions, like Countrywide’s Angelo Mozilo, have almost certainly still come ahead after making large payments to settle suits.

Ann Wright: Instead of Attacking WikiLeaks, Fix What It Exposed

Former Defense Secretary Robert Gates was right when he suggested that the WikiLeaks revelations were “embarrassing” and “awkward.” But his assessment – and that of so many other government officials – stems from the magnitude of what he left unsaid.

These revelations are not merely embarrassing. They also contain evidence of government actions and policies that are an abuse of power and that violate international human-rights standards to which we as Americans are committed.

For instance, through the information coming from WikiLeaks documents, the public is now aware of “FRAGO 242” – an official order not to report evidence of prisoner abuse by Iraqi security forces. This policy violates the United Nations Convention Against Torture, which was ratified by Congress in 1994. The treaty explicitly requires allegations of cruel or inhuman treatment to be investigated and brought to a halt.

Sep 15 2011

Obamabots On the Attack

On the Open Salon version of my previous entry, some right-winger who supports Obama kept trying to lay the blame for next year’s results on the left for failing to properly support the candidate who has done far more to pass the Republicans’ agenda than any GOP office-holder could have.

I am about certain Obama will be a one term president–and that one of the Republican clowns will win in 2012.

Most of the blame for that will fall with the unrealistic expectations and shortsightedness of people devoted to a progressive agenda.

Sep 15 2011

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Amy Goodman: Troy Davis and the Politics of Death

Death brings cheers these days in America. In the most recent Republican presidential debate in Tampa, Fla., when CNN’s Wolf Blitzer asked, hypothetically, if a man who chose to carry no medical insurance, then was stricken with a grave illness, should be left to die, cheers of “Yeah!” filled the hall. When, in the prior debate, Gov. Rick Perry was asked about his enthusiastic use of the death penalty in Texas, the crowd erupted into sustained applause and cheers. The reaction from the audience prompted debate moderator Brian Williams of NBC News to follow up with the question, “What do you make of that dynamic that just happened here, the mention of the execution of 234 people drew applause?”

That “dynamic” is why challenging the death sentence to be carried out against Troy Davis by the state of Georgia on Sept. 21 is so important. Davis has been on Georgia’s death row for close to 20 years after being convicted of killing off-duty police officer Mark MacPhail in Savannah. Since his conviction, seven of the nine nonpolice witnesses have recanted their testimony, alleging police coercion and intimidation in obtaining the testimony. There is no physical evidence linking Davis to the murder.

Bernie Sanders: Is Poverty a Death Sentence?

The crisis of poverty in America is one of the great moral and economic issues facing our country. It is very rarely talked about in the mainstream media. It gets even less attention in Congress. Why should people care? Many poor people don’t vote. They certainly don’t make large campaign contributions, and they don’t have powerful lobbyists representing their interests.

Here’s why we all should care. There are 46 million Americans — about one in six — living below the poverty line. That’s the largest number on record, according to a new report released Tuesday by the Census Bureau. About 49.9 million Americans lacked health insurance, the report also said. That number has soared by 13.3 million since 2000.

Moreover, according to the Organization for Economic Cooperation and Development, the United States has both the highest overall poverty rate and the highest childhood poverty rate of any major industrialized country on earth. This comes at a time when the U.S. also has the most unequal distribution of wealth and income of any major country on earth with the top 1 percent earning more than the bottom 50 percent.

Ari Berman: GOP 2012 Strategy: Disenfranchise Democrats, Rig Electoral College

As Kevin Drum notes, Republicans are especially adept at reducing the structural power of their political opponents after taking office, which is a major way the GOP consolidates influence and authority in American politics.

In the latest issue of Rolling Stone, I write about how the GOP has launched a “war on voting,” passing laws in a dozen states since the 2010 election designed to impede traditionally Democratic voters at every step of the electoral process, which could prevent millions of students, minorities, legal immigrants, ex-convicts and the elderly from casting ballots in 2012.

Dana Goldstein: Untangling the HPV Vaccine Debate

Should schoolchildren be required to receive the three-course vaccination against HPV, the sexually transmitted infection that causes 12,000 cases of cervical cancer each year? Michele Bachmann has made the issue a major line of attack against Texas Governor Rick Perry, who signed a 2007 executive order requiring female public school students to receive the vaccine before they enter the sixth grade. (Texas parents have the right to opt their child out of the vaccine.) “I’m a mom of three children. And to have innocent little 12-year-old girls be forced to have a government injection through an executive order is just flat-out wrong,” Bachmann said at Monday night’s GOP debate. “That should never be done…. Little girls who have a negative reaction to this potentially dangerous drug don’t get a mulligan. They don’t get a do- over.”

In the wake of the debate, Bachmann has given several TV interviews in which she makes the claim-totally contrary to medical evidence-that the HPV vaccine causes mental retardation.

Maureen Dowd: The Bachmann Chronicles

Let’s talk about Michele Bachmann. Look, you should thank me for not bringing up Greek debt. Afghan violence. Economic indicators. Show some appreciation.

Bachmann is a challenge for feminist-friendly voters. Was it sexist to talk about her migraine problem? For Newsweek to run the cover that made her look like a well-groomed zombie? Should we have applauded the Iowa Republicans when they put a woman at the top of their presidential preference list, even if the woman in question blamed government spending for the earthquake in Washington?

Wow, it seems like we went through all this with Sarah Palin yesterday.

Women tend to do well in almost any new enterprise where there’s not a lot of stratification and seniority. So it’s not surprising the Tea Party has a number of female stars. But isn’t it sort of strange that they’re all extremely attractive to the point of hot? You’d think there’d be a gray hair or a wattle somewhere.

John Nichols: Elizabeth Warren Runs Against a DC That’s ‘Rigged for Big Corporations’

Elizabeth Warren is running for the United States Senate for the right reason and with the right message.

In fact, her reason and her message are the same-a bit of political calculus that ought not be lost on Democrats who seem so frequently to stumble when it comes to aligning their ambitions and themes.

Warren wants to change the economic debate in a country where the poverty rate is rising, the middle-class is shrinking, the rich are getting dramatically richer and the corporations are writing the rules. In Warren’s words, working families have been “chipped at, hacked at, squeezed and hammered for a generation now, and I don’t think Washington gets it.”

Sep 15 2011

Legally Stealing The Election

Or how to cheat to win by rigging the system:

The GOP’s Genius Plan to Beat Obama in 2012

Republican state legislators in Pennsylvania are pushing a scheme that, if GOPers in other states follow their lead, could cause President Barack Obama to lose the 2012 election-not because of the vote count, but because of new rules. That’s not all: There’s no legal way for Democrats to stop them.

The problem for Obama, and the opportunity for Republicans, is the electoral college. Every political junkie knows that the presidential election isn’t a truly national contest; it’s a state-by-state fight, and each state is worth a number of electoral votes equal to the size of the state’s congressional delegation. (The District of Columbia also gets three votes.) There are 538 electoral votes up for grabs; win 270, and you’re the president.

Here’s the rub, though: Each state gets to determine how its electoral votes are allocated. Currently, 48 states and DC use a winner-take-all system in which the candidate who wins the popular vote in the state gets all of its electoral votes. Under the Republican plan-which has been endorsed by top GOPers in both houses of the state Legislature, as well as the governor, Tom Corbett-Pennsylvania would change from this system to one where each congressional district gets its own electoral vote. (Two electoral votes-one for each of the state’s two senators-would go to the statewide winner.)

Some Republicans in the House see a downside to this thus hitting a snag:

With next year’s presidential election expected to be hard-fought, even sapping some electoral support from Barack Obama in Pennsylvania could have a major impact on the national results. But to several Republicans in marginal districts, the plan has a catch: they’re worried that Democrats will move dollars and ground troops from solid blue districts to battlegrounds in pursuit of electoral votes – and in the process, knock off the Republicans currently in the seats.

Suburban Philadelphia Reps. Jim Gerlach, Pat Meehan and Mike Fitzpatrick have the most at stake, since all represent districts Democrats won in the last two presidential elections. They and the rest of the Republicans in the delegation are joining with National Republican Congressional Committee officials to respond and mobilize against the change.

“Any proposed change to the election laws shouldn’t be done under the radar,” Fitzpatrick told POLITICO. “If every vote matters, everyone should have a chance to discuss this.”

State GOP chairman Rob Gleason is also opposed to the plan.

As David Nir at Daily Kos points out the electoral college is unfair as it is but there is a solution:

(T)he only way to fight back is to push for the national popular vote, something which can be achieved via an interstate compact between states. The states in the compact would all award their EVs to the winner of the national vote, but the law would only take effect once enough states signed on (i.e., states with 270 electoral votes between them). Several states have already signed on (including big boppers like California and Illinois), and this way, no constitutional amendment is necessary.

If the GOP presses forward with their Pennsylvania plan, we’ll have to respond somehow, and I think the national popular vote is the best plan.

As John Aravosis at AMERICAblog notes:

If the Democrats tried this, the Republicans would be rioting in the street. They’re quite literally trying to steal the presidential election. How will the Democrats respond? The word feckless comes to mind.

Uh. Yup

Sep 15 2011

Democrats: Racing Down The Rabbit Hole

To join the Tea Party. Nomura economist Richard Koo gives decent marks to Obama’s jobs plan,:

Arguing need for longer-term fiscal consolidation is irresponsible

The insistence that fiscal consolidation is necessary in the longer term is like the doctor who, faced with a patient who has just been admitted to the intensive care ward, repeatedly questions the patient about his ability to afford the treatment. This is both lacking in decency and irresponsible.

If the patient loses heart after learning the cost of the treatment, he may end up spending even longer in the hospital, leading to a larger final bill. Completely ignoring the policy duration effect of fiscal policy and constantly insisting on longer-term fiscal consolidation was what prolonged Japan’s recession.

For instance, it was because Japan’s policymakers refused to give up the medium-term fiscal consolidation target of achieving a primary fiscal balance by 2011 that the government stumbled from fiscal stimulus to fiscal retrenchment and back again and, ultimately, was unable to meet its fiscal targets even once in the last 20 years.

That is why Japan’s recession lasted as long as it did and why the nation’s debt has risen to some 200% of GDP.

What digby said:

With some notable exceptions, most people still believe that that there will be a hangover of debt which will have to be dealt with at some point. But the confidence fairy died some time back and the only other reason for worrying about it at this point is to get some Shock Doctrine benefits out of the current situation. But as Koo points out, this actually hurts the economy even more.

Paul Krugman eulogizes the “confidence fairy’s” death:

Photobucket

In the first half of last year a strange delusion swept much of the policy elite on both sides of the Atlantic – the belief that cutting spending in the face of high unemployment would actually create jobs.

Herr Professor points out that past analysis  of austerity measures by the IMF is contradictory and even worse in the current economic climate:

   The reduction in incomes from fiscal consolidations is even larger if central banks do not or cannot blunt some of the pain through a monetary policy stimulus. The fall in interest rates associated with monetary stimulus supports investment and consumption, and the concomitant depreciation of the currency boosts net exports. Ireland in 1987 and Finland and Italy in 1992 are examples of countries that undertook fiscal consolidations, but where large depreciations of the currency helped provide a boost to net exports.

   Unfortunately, these pain relievers are not easy to come by in today’s environment. In many economies, central banks can provide only a limited monetary stimulus because policy interest rates are already near zero (see “Unconventional Behavior” in this issue of F&D). Moreover, if many countries carry out fiscal austerity at the same time, the reduction in incomes in each country is likely to be greater, since not all countries can reduce the value of their currency and increase net exports at the same time.

   Simulations of the IMF’s large-scale models suggest that the reduction in incomes may be more than twice as large as that shown in Chart 2 when central banks cannot cut interest rates and when many countries are carrying out consolidations at the same time. These simulations thus suggest that fiscal consolidation is now likely to be more contractionary (that is, to reduce short-run income more) than was the case in past episodes.

Like Dr. Krugman and digby said, we’re doing it wrong.

Sep 15 2011

Countdown with Keith Olbermann: Worst Persons 9.13.2011

“Between 2002 & 2009 The Leading Terrorist Group Were The Republican Party & Bush Administration”

Sep 14 2011

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Katrina vanden Heuvel: Eric Schneiderman: A Gutsy Fighter for Mortgage Relief

This Thursday will mark three years since the collapse of Lehman Brothers, a defining moment of the financial crisis. Today, it’s clear that very few lessons have been learned from it by our political leaders or those on Wall Street; if any, the wrong lessons have been learned. But one conclusion, seared into the minds of ordinary Americans, is as clear as it is wrenching: The banks play by one set of rules and are held to one standard, while the rest of us are held to another.

In exchange for taking the global economy to the brink, the banks have received $700 billion of relief from TARP funds and $1.2 trillion in secret loans from the Federal Reserve, at no interest. It’s no wonder record profits-and record bonuses-returned so quickly. American homeowners, on the other hand, have been devastated. The crisis wiped out $16 trillion in household value, little more than half of which has been recouped. More than 25 percent of homeowners are underwater on their mortgages. The suffering has not subsided-and it won’t for many, many years.

It was compounded by the fact that the very banks causing it made it worse. After signing off on shoddy loans, putting Americans in homes they couldn’t afford, on terms they could barely understand, the banks began foreclosing on homeowners en masse, using what’s known as robo-signing. That procedure allows banks to process foreclosures faster by encouraging employees to use fake signatures to approve documents they don’t read.

Robert Reich: How to Create More Jobs By Lowering Wages: Texas and America

Perry and Romney can duke it out over who created the most jobs, but governors have as much influence over job growth in their states as roosters do over sunrises.

States don’t have their own monetary policies so they can’t lower interest rates to spur job growth. They can’t spur demand through fiscal policies because state budgets are small, and 49 out of 50 are barred by their constitutions from running deficits.

States can cut corporate taxes and regulations, and dole out corporate welfare, in efforts to improve the states’ “business climate.” But studies show these strategies have little or no effect on where companies locate. Location decisions are driven by much larger factors – where customers are, transportation links, and energy costs.

George Zornick: CBO to Super-Committee: Increase the Deficit!

The head of the non-partisan Congressional Budget Office testified before the super-committee on deficit reduction on Tuesday, and while he outlined the basic math behind the nation’s long-term debt problem, he had a surprising message: don’t be afraid to make the deficit bigger over the next couple years, while the nation battles recession.

Douglas Elmendorf, the CBO director, said that given the massive Bush tax cuts, which severely throttled the federal government’s revenue stream, and given the large number of baby-boomers who will be on Medicare-combined with skyrocketing health costs-something has to give.

Dean Baker: Does President Obama Want to Impose a Crushing Burden on Our Children?

Sorry deficit fanatics, this one has nothing to do with the cost of the stimulus or the deficits run-up during the Obama years. We’re talking real money here. We’re talking about plans to raise the age of Medicare eligibility to 67.

To deficit hawks everywhere this is a great way to save the government money. Life-expectancy at age 65 is roughly 20 years. Therefore raising the age of eligibility for Medicare by two years would shave roughly 10 percent off the program’s budget. (The actual saving would be somewhat less since it is cheaper to treat people when they are 65 and 66 than in their 80s or 90s.) For a program that is projected to cost more than $1 trillion a year (at 5 percent of GDP) in a decade, and even more in following decades, this would amount to real savings.

But the cost of this savings is a much higher health care bill for beneficiaries. As it is now, millions of people in their 60s struggle to hang onto jobs that provide health care insurance or do without, hoping that they can make it until 65 without a major medical problem. This proposal pushes the magic age out two more years.

Mary Elizabeth King: Breaking the Silence on Race

Desmond King and Rogers Smith, writing in The New York Times of our current bipartisan silence on matters of racial equality, argue that the economic calamity of the United States is also a racial crisis. They say that it is not only justifiable, but also necessary, to evaluate policy choices partly on the basis of whether they are likely to reduce or increase racial inequalities.

King and Smith note the findings of the Pew Research Center that in 2009, the U.S. median household net worth was $5,677 for blacks, $6,325 for Hispanics and $113,149 for whites. In the same way, in July of this year the unemployment rate was 8.2 percent for whites, yet 16.8 percent for blacks. African Americans and those of Hispanic descent started far behind and they continue to trail. Democrats now rarely broach the subject of race, leaving “modern Republicans with little to criticize, lest they appear to be race-baiting, so they too keep quiet.” King and Smith contend that political leaders must openly recognize that neither ignoring race nor concentrating on it exclusively will bring progress.

Jamelle Bouie: [Say Hello to the Highest Poverty Rate in 17 Years Say Hello to the Highest Poverty Rate in 17 Years]

The Census Bureau has released its poverty numbers for 2010, and the picture isn’t pretty: 46.2 million people were living in poverty last year, according to the bureau’s latest report, the largest number for the fifty-two years that the data have been published. This marks the fourth consecutive year in which poverty rose, with an overall poverty rate of 15.1 percent, up from 14.3 percent in 2009, and the highest rate since 1993. Indeed, with real median household income at $49,445-a drop of 2.3 prcent from 2009-incomes are lower now than they were more than a decade ago.

According to the Center on Budget and Policy Priorities, poor households are much more likely to experience hardship than their middle or upper-class counterparts. Among other things, they are more likely to experience hunger, live in overcrowded housing, miss a rent or mortgage payment and forgo medical care.

Wlliam Rivers Pit: The Cult of Death

Trying to figure out what this whole “Tea Party” phenomenon is all about is a lot like trying to peer into the bottom of a muddy pool. The “mainstream” news media has accepted them as a legitimate, powerful force in American politics, as evidenced by CNN’s so-called “Tea Party Debate” for the Republican presidential candidates on Monday night. A group that did not exist three years ago suddenly has enough clout to rate a television banner and a chunk of prime-time coverage.

But who are these people, really?

 

Sep 14 2011

Venomous, the Definition of the Tea Party 20110913

Most of you who read my pieces know that I rarely write about pure politics, but rather put politics in the perspective of music, science, or other contexts.  This piece is different.

The conduct of the candidates for the Republican nomination and especially the audience at the previous two “debates” has been much than reprehensible.  It not only borders on being vicious, the conduct crosses the line to much more.

As is my wont, I shall use an analogy from another topic to explain why I use the term venomous.  I think that it is quite apt.

Sep 14 2011

Poverty: It Will Get Worse

A lot worse. This should make you sick and most likely you will.

This report from the Center for Budget and Policies Priorities via digby:

Today’s Census report shows that in 2010 (pdf), the share of all Americans and the share of children living in poverty, the number and share of people living in “deep poverty,” and the number without health insurance all reached their highest level in many years – in some cases, in several decades – while median household income fell significantly after adjusting for inflation. The data also show that many of these grim figures and the level of hardship would have been much worse if not for key federal programs such as unemployment insurance, the Earned Income Tax Credit, food stamps, and Medicaid. Without unemployment insurance, for instance, 3.2 million more Americans would have fallen into poverty, Census said. All of that raises the stakes for the decisions that President Obama and Congress will make in coming months about whether to extend initiatives that were designed to address hardship during the recession, as well as whether to abide by a principle that the Bowles-Simpson commission report established that deficit-reduction plans should not increase poverty and thus should shield basic low-income assistance programs.

Specifically, today’s report shows that:

   In 2010, the share of Americans living in poverty reached 15.1 percent while the share of children in poverty hit 22 percent – both the highest levels in 17 years – while the number of people living in poverty hit 46.2 million, the highest level on record with data back to 1959.

   Both the number and percentage of people living in “deep poverty” – with incomes below half of the poverty line – hit record highs, with these data going back to 1975. Some 20.5 million Americans had cash incomes below half of the poverty line (below $11,157 for a family of four, and below $5,672 for a non-elderly person living alone) last year.

   Median household income fell 2.3 percent, or $1,154, in 2010, after adjusting for inflation, and those at the bottom of the income scale have lost far more ground than those at the top. Since median income hit its peak in 1999, income (adjusted for inflation) has fallen 12.1 percent for those at the 10th income percentile but only 1.5 percent for those at the 90th percentile. The income gap between those at the 10th and 90th percentile was the highest on record. These data go back to 1967.

   The number of Americans without health insurance climbed by 900,000 to 49.9 million, another record, with data back to 1999. The percentage of Americans without insurance remained statistically unchanged at 16.3 percent. Nearly one of every six Americans was uninsured.

(emphasis mine)

Americans turned to public health insurance in 2010

(Reuters) – More Americans became reliant on public health insurance and lost coverage sponsored by their employers in 2010, the U.S. government said on Tuesday.

The U.S. Census Bureau’s annual report on income, poverty and health insurance coverage showed that more people turned to state and federal programs as employer-based plans became more expensive and as unemployment levels stayed stubbornly high.

About 1.5 million fewer Americans got their health insurance plans covered by their employers in 2010, while 1.8 million more joined government insurance plans.

snip

Healthcare programs, which account for a large percentage of the federal budget, are also expected to get a close scrutiny from a bipartisan congressional “super committee” that aims to slash at least $1.2 trillion from the U.S. deficit over 10 years.

snip

The number of people covered by Medicaid, the government program for the poor, increased 1.5 percent to 48.6 million, and Medicare, the government program for the elderly, 2.1 percent to 44.3 million.

Employers remained the biggest source of insurance coverage, with 169.3 million Americans covered by employer-based plans in 2010. That number, however, has been on a steep decline since 2000, when it reached 181.9 million, as such plans get more and more expensive.

The ACA does not fully kick in until 2014. From Jon Walker at FDL

Elections are often referendums on the general state of the economy. The electorate tends to decide whether or not to remove the incumbent party from power based on how well the economy is doing. Americans voters, for the most part, decide whether or not to keep a president based on the answer to a simple question like, “Are you better off than you were four years ago?”

Since January of 2009, when President Obama took office, the American people as a whole are noticeably worse off financially. This is a serious problem for the Obama campaign, and why they desperately need strong economic growth between now and the election.

So much for electoral victory.

Sep 14 2011

Countdown with Keith Olbermann: Worst Persons 9.12.2011

Countdown with Keith Olbermann 09-12-2011 – Worst Persons

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