Tag Archives: Obama

Why Obamacare Can’t Lower Costs

Why Obamacare Can’t Lower Costs
President Obama and the Democratic Party dug themselves into a deep hole by claiming the Affordable Care Act would cut the nation’s health care costs when in fact it will raise them. It’s the gift that will keep on giving to opponents of the law. The ACA cannot cut costs because its proponents subscribed to the ... Read more

Obama’s Trade Deal Would Deepen Income Divide

Obama’s Trade Deal Would Deepen Income Divide
“Those at the top have never done better,” President Obama ruefully acknowledged in his January 28 State of the Union speech. “But average wages have barely budged. Inequality has deepened.” Yet, moments later, Obama heartily endorsed the Trans-Pacific Partnership (TPP), which as drafted directly ... Read more

Wall Street’s New Housing Bonanza

Wall Street’s New Housing Bonanza
Wall Street’s latest trillion-dollar idea involves slicing and dicing debt tied to single-family homes and selling the bonds to investors around the world. That might sound a lot like the activities that at one point set off a global financial crisis. But there is a twist this time. Investment bankers and ... Read more

Obama’s Address Fails to Look at Roots of Income Inequality

Obama’s Address Fails to Look at Roots of Income Inequality
It's important that we restore the minimum wage. We're not talking about raising it. We're talking about restoring it. Back in the mid '60s, it was almost $11 an hour. And education is certainly very important and too much neglected in this country. We put huge barriers to bright but ... Read more

Poll: United We Stand on Wealth Gap

Poll: United We Stand on Wealth Gap
As the president delivers the televised address Tuesday, he'll be speaking to a country filled with people who are cautiously optimistic that the economy is improving but not at all sure its benefits are going to reach them. Indeed, at a time when Republicans and Democrats disagree about almost everything, on ... Read more

Obama’s First State of the Union a Source of Regret

Obama’s First State of the Union a Source of Regret
On Jan. 27, 2010, Obama appeared before Congress for his first State of the Union and declared that the time for moderate austerity had arrived. It would prove to be a seminal moment for his presidency -- setting the stage for years of debate over the deficit and debt reduction -- and it would ... Read more

The Economics of Barack O’Hoover

Obama’s Belief in the Market Economy By Paul Street Counterpunch, August 15, 2011 Pity the poor, powerless, increasingly unpopular president – a pitiful pawn of the plutocrats and the profits system he has done so much to serve and protect.  Nearly five years ago, in the misleadingly titled book that ... Read more

Will Tax Holiday Kill Social Security>

Ignoring liberal Dems, Obama endorses longer payroll tax holiday through 2012 By Mike Lillis The Hill, June, 29, 2011 President Obama on Wednesday reiterated his push to extend an existing payroll tax holiday through 2012 – a move denounced by liberal Democrats who fear the reduction in revenues will ... Read more