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2nd Term Inauguration White House Photo Sonya N Hebert (540×360)

What the Obama Presidency Really Means

President Obama is still in the first year of his second term and a lot will happen between now and 2016, but we already can glimpse what his legacy will be.

As I’ve written, the trio of scandals that … More…

New home construction in Montgomery County Md

The Recovery Has Legs, But Not for Everyone

On Tuesday came the astonishing news that the Standard & Poor’s/Case-Shiller  home price had its biggest increase  in seven years. The gains were across the board—existing housing, new housing, building permits, everything.

The Case-Shiller index rose 10.9% over the past … More…

Earths atmosphere from space Flickr Ai Austin

Climate Change Skeptics “Win” as Earth Warms

Amid all the talk about scandals in Washington, the most important news story of the year has been nearly overlooked.

As Justin Gillis of The New York Times reported a couple of weeks ago, the level of carbon dioxide in … More…

Alan Greenspan speaks at Aspen Institute in 2011 Flickr Aspen (540×359)

A Century Later, Big Questions about the Income Tax and the Fed

This year we celebrate—if that’s the word for it—the 100th anniversary of the federal income tax and the founding of the Federal Reserve system.

They were born in 1913 through the 16th Amendment to the Constitution and an … More…


Why President Obama Will Survive the Scandals

On Wednesday, President Obama struck back against a rising chorus of criticism in Congress and the media over his handling of a trio of scandals that have rocked Washington.

  • He announced that Treasury Secretary Jack Lew has asked for and
  • More…

President Obama with top legislative and economic advisers in the White House Pete Souza (540×360)

Four Ways President Obama Can Cement His Legacy

President Obama is going through one of the periodic rough patches of his presidency. From the collapse of his campaign against the automatic spending cuts in the “sequester” to the failure to pass universal background checks for gun purchases, … More…

House Republican leadership gives press conference in April (540×359)

Republicans Are Still Main Culprit in Beltway Gridlock

Following his defeat over legislation that would close the “gun show” loophole; stalled immigration reform, and a setback over FAA funding in the automatic spending “sequester,” President Obama is facing a torrent of media criticism that he’s lost his “juice.”More…

Rembrandts The Night Watch Ellis Art History (540×450)

Can Capitalism Still Deliver the Goods?

Nearly five years after the fall of Lehman Brothers, global free market capitalism is still struggling.

Europe is mired in recession and a debt crisis; some of its countries are in depression. The UK has entered a “triple-dip” recession. Once-hot … More…

President Obama at April 30 White House press conference (540×405)

Obama Tries to Avoid Health Care ‘Train Wreck’

President Obama was on the defensive during much of Tuesday’s White House press conference, but he pushed back at NBC’s Chuck Todd’s question about worries over implementation of the Affordable Care Act.

…For the 85 to 90 percent of


Austerity Hasn’t Lost the Battle Yet

Austerity Hasn’t Lost the Battle Yet

The amazing discrediting of one of the most influential research papers of our time—Kenneth Rogoff and Carmen Rinehart’s 2010 “Growth in a Time of Debt”—has mobilized opponents of austerity around the globe.

As we wrote last week, the paper, which … More…