Barack Obama

Word is out all around Washington that the Obama Administration plans to cut US defense programs by $78 billion and 70,000 troops by 2015. Defense Secretary Robert Gates, a holdover from the Bush Administration with credibility within the…

by William K. Black You know the administration is desperate when it creates a web page citing economists who support its capitulation on taxes. The web page cites the support of five economists. Peter Cardillo, the Bank of America, Greg…

Present Obama answers questions on his decision to go against his campaign promises to let the Bush tax cuts expire.

I almost feel naïve for being so angry at President Obama’s betrayal of his campaign promises regarding taxes. I had never harbored much hope that he actually intended to enact the reforms that his supporters expected – not after he…

The tax cut deal is in. I would agree with Felix Salmon's take, that "this is tax cutting, Oprah-style: you get a tax cut! And you get a tax cut! And you! And you! You all get a tax cut!" Since Democrats and Republicans were never…

In a speech given on November 20, 2010 at the ADA Education Fund’s Post-election Conference at Harvard's Kennedy School of Government, Professor James K. Galbraith asks for whom President Obama is really working.

I caught this post by Greg Sargent at the Washington Post, "The Plum Line - Obama: GOP successfully outplayed us on health reform", which shows Obama realizing he screwed up last year by bending over backwards during the…

by Michael Hudson Now that President Obama is almost celebrating his willingness to renew the tax cuts enacted under George Bush for the super-rich ten years ago, it is time for Democrats to ask themselves how strongly they are willing to…

Another economic parody

US President Barack Obama was on "60 Minutes" last night in an interview taped on Thursday. He gave a synopsis of his thinking about the recent US mid-term elections. Here is a bit of what he had to say as written by CBS which…