Author: Robert Borosage

Barbara Ehrenreich memorably called the talk about the stimulus \”clitoral economics.\” And that was before we got screwed. The stimulus deal just announced is being praised more for its existence than its content. Much lamented partisan bickering was overcome; bipartisan cooperation that got it done. With Wall Street bankers in panic, better something than nothing.…

“As long as the music is playing, you’ve got to get up and dance. We’re still dancing.” These now-immortal words of former Citibank President Charles “Chuck” Prince were uttered in July, as Citibank was about to lose billions in everything from mortgages to credit cards. Prince departed with a reported $68 million good-bye package. Stanley…

It ain’t sexy, I know, but a word about the economy and the presidential debate. Wall Street banks are holding a fire sale; employment is down, holiday sales tanked. Burdened with record debt and stagnant incomes, homeowners are about to reckon with declining home values, their largest investments, with a projected $2 trillion in assets…

The Republican CNN/YouTube debate lasted over two hours Wednesday night. But once more, we learned nothing about what the candidates would do about the economic straits we are in. Not a word about the housing crisis—the rising tide of foreclosures, plummeting housing prices and sales—and the credit crunch that now roils banks across the globe.…

The Republican obstruction campaign continues. Yesterday, the Republican minority in the Senate filibustered and blocked two measures that had majority support in the House, and bipartisan majority support in the Senate. Republicans continue to filibuster at a pace three times anything ever seen before, in a systematic effort to block popular reforms. Fifty-six Senators, including…

The corporate wing of the Democratic Party – the Democratic Leadership Council—will meet in its \”National Conversation\” this weekend in Nashville. The press is already noting that while all of the Democratic presidential hopefuls will appear at the YearlyKos progressive blogger gathering in Chicago, not one is slated to join the DLC in Nashville. DLC…

These are opening remarks at the fifth annual Take Back America Conference in Washington, a meeting of 3,000 leaders and activists from across the country and across the tribes of the progressive movement. Five years ago, when we started this venture, Washington was occupied territory. Tom DeLay in the House. Bill Frist in the Senate.…

Congress has just voted to fund the war for another year — $100 billion for Iraq and Afghanistan. How could that happen when two-thirds of the public are opposed to the war and the Democrats just gained the majority of both houses in the Congress with a mandate to bring it to a close? Curbing…

President Bush forced Democrats to “fold,” the press reports. He vetoed the Iraq funding bill that set a deadline for getting U.S. troops out of the war. The Republican minority blocked any effort to overturn the veto. Now Congress is about to vote on a funding bill the president will accept, one that doesn’t offer…

Robert Borosage, co-director of the Campaign for America’s Future, gave these remarks at a press conference this week with victims of the Enron collapse and their supporters, along with attorney William S. Lerach. The victims are asking the Supreme Court to overturn a lower-court ruling that bars the victims from suing bankers who advised Enron…