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Blog Post
July 30, 2010
In today's Washington Post, Steven Pearlstein highlights the hypocrisy of the U.S. Chamber of Commerce and others who are blaming the Obama Administration and Democrats in Congress for continued high unemployment when annual corporate profits have rebounded to a staggering $1.2 trillion -- "higher than they were at the height of the bubble" and yet hiring of American workers remains stalled:

Blog Post
July 29, 2010
Tonight the House considered the James Zadroga 9/11 Health and Compensation Act (HR 847) under suspension of the rules to provide medical monitoring and treatment to responders and survivors of the 9/11 World Trade Center attacks. It also reopens the September 11 Victim Compensation Fund to provide monetary compensation for those physically injured by the 9/11 terrorist attacks or by response activities and debris removal. Speaker Pelosi in support:

Blog Post
July 29, 2010
Congressional Republicans -- eager to return to the "exact same agenda" of failed Bush economic policies that put us into this mess -- continue to call for an extension of the Bush tax cuts for the wealthiest few despite the staggering $678 billion cost to the deficit (after voting against tax cuts for small businesses and 98% of working families).
Blog Post
July 29, 2010
This August, Social Security--a bedrock promise Americans have earned with a lifetime of hard work--turns 75. In 2005, President George W. Bush and Congressional Republicans pushed cuts and a risky Social Security privatization scheme. Democrats and the American people said 'no.' If Republicans had succeeded, seniors would have lost trillions more in the stock market meltdown of the Bush recession. Instead, no one lost a penny in Social Security.
Blog Post
July 29, 2010
The latest Kaiser Family Foundation poll released this morning finds that public support for the Affordable Care Act has held strong and unfavorable views have decreased:

Blog Post
July 28, 2010
House Democrats are working on a "Make it in America" manufacturing strategy to create the high-skill, high-wage jobs of the future--promoting American competitiveness, innovation, and exports. As Speaker Pelosi explained last week, "our strategy will create new American jobs building wind turbines and solar panels to power our homes and businesses.
Blog Post
July 28, 2010
Today, Alan Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody's Analytics, released a new study the New York Times calls "a first stab at comprehensively estimating the effects of the economic policy responses of the last few years."

The study finds "the government's total policy response" to the Bush Recession "probably averted what could have been calle

Blog Post
July 28, 2010
In a meeting at the White House with President Obama and Congressional leaders from both parties yesterday, House Republican Leader John Boehner reportedly claimed he didn't know the deficit-exploding Bush tax cuts for the wealthiest Americans were intentionally designed to kick their enormous cost down the road to the next Administration:

Blog Post
July 28, 2010
Congressional Republicans -- eager to return to the "exact same agenda" of failed Bush economic policies that put us into this mess -- continue to call for an extension of the Bush tax cuts for the wealthiest few despite the staggering $678 billion cost to the deficit (after voting against tax cuts for small businesses and 98% of working families).
Blog Post
July 28, 2010
Today, economists Mark Zandi and Alan Blinder will release the first comprehensive study that estimates the total effect of fiscal and financial policies of the last few years. In a summary of the analysis this morning, the New York Times writes that the "sweeping interventions to prop up the economy since 2008 helped avert a second Depression."

Without the government response: