Even if the President musters enough votes to strike Syria, at what political cost? Any president has a limited amount of political capital to mobilize support for his agenda, in Congress and, more fundamentally, with the American people. This is especially true of a president in his second term of office. Which makes President Obama’s campaign to strike Syria all the more mystifying.
Almost everyone knows CEO pay is out of control. It surged 16 percent at big companies last year, and the typical CEO raked in $15.1 million, according to the New York Times.
A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage.
The official reason given by the Administration for delaying, by one year, the Affordable Care Act’s mandate that employers with more than 50 full-time workers provide insurance coverage or face fines, is that employers need more time to implement it. The unofficial reason has more to do with the Republicans’ incessant efforts to bulldoze the law.
The battle over immigration reform is often about economic fear — fear that immigrants are hurting the economy for native born Americans. But that fear is based on several economic myths:
It’s as if they didn’t learn a thing from the 2012 elections. Republicans are on the same suicide mission as before – – trying to block immigration reform (if they can’t scuttle it in the Senate, they’re ready to in the House), roll back the clock on abortion rights (they’re pushing federal and state legislation to ban abortions in the first 22 weeks), and stop gay marriage wherever possible.
Jobs are returning with depressing slowness, and most of the new jobs pay less than the jobs that were lost in the Great Recession.
Conservative Republicans in our nation’s capital have managed to accomplish something they only dreamed of when Tea Partiers streamed into Congress at the start of 2011: They’ve basically shut Congress down.
Economic forecasters exist to make astrologers look good. But the recent jubilance is enough to make even weather forecasters blush. “Just look at the bull market! Look at home prices! Look at consumer confidence!”
Don’t be sidetracked today with the news of Michelle Bachmann’s decision not to run again. That’s small potatoes relative to the biggest political and economic issue — and showdown — emerging in Congress.