Politics ~ Progressive

"Palley, Thomas I The Simple Analytics of Debt-Driven Business Cycles Publication Date: 4/10/2009"

"Pollin, Robert Response to "Seven Myths about Green Jobs" and "Green Jobs Myths" Publication Date: 3/25/2009"

"Crotty, James | Epstein, Gerald Avoiding Another Meltdown Publication Date: 3/17/2009"

"Yeldan, Erinc On the Nature and Causes of the Collapse of the Wealth of Nations, 2007-2008: The End of a Façade Called Globalization Publication Date: 3/17/2009"

"Epstein, Gerald Obama's Economic Policy: Achievements, Problems & Prospects Publication Date: 3/12/2009"

The Case Against Kagan | .@MMFA unpacks today's Washington Times compilation of distortions + falsehoods used in a massive attack on Elena Kegan, Supreme Court nominee:

"Progressive Program for Economic Recovery and Financial Reconstruction"

"Principles For Economic Recovery And Financial Reconstruction From Progressive Economists"

Wynne Godley, Dimitri B. Papadimitriou, and Gennaro Zezza"

With the U.S. economy still the driver of global demand (and retaining its hegemonic dollar position), consumer retrenchment in the U.S. could pose a serious threat to global stability

Stockhammer, E., Ramskogler, P.: Post Keynesian economics - how to move forward, Department of Economics Working Papers, 14/2008, Vienna University of Economics and Business Administration

Interview with Noam Chomsky: 'Stability' - a US code word http://www.informationclearinghouse.info/article27565.htm

Chomsky: U.S. concerned about human rights only in the enemy countries http://t.co/ODoBSWy

Paul Krugman on continuing bank and mortgage fraud, with help from American government and U.S. politicians

@AdamPDX ...on Twitter

Odd Time Signatures | @karoli

Speaking at the Twitter Town Hall at the White House today, the president said Congress "shouldn't be toying" with the debt ceiling and cautioned against risking the financial health of the country in order to protect the interests of the super wealthy.   "Never in our history has the United States defaulted on its debt. The debt ceiling should not be something that is used as a gun against the heads of the American people to extract tax breaks for corporate jet owners, for oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high.  I mean, I'm happy to have those debates.  I think the American people are on my side on this," Obama said. The president was adamant that when it comes to fixing the economy and solving the deficit problem "we should go with what works," and that's a tax increase on the wealthy. "If the wealthiest among us -- and I include myself in this category -- are willing to give up a little bit more, then we can solve this problem.  It does not take a lot… when people say, you know, "job-killing tax increases, that's what Obama's proposing," we're not going to," he said. "You're entitled to your own opinions, but not your own facts.  And the facts are that a modest increase for wealthy individuals is not shown to have an adverse impact on job growth." "We can test the two theories.  You had what happened during the '90s.  Right?  Taxes for wealthy individuals were somewhat higher, businesses boomed, the economy boomed, great job growth;  and then the 2000s, when taxes were cut on wealthy individuals, jobs didn't grow as fast, businesses didn't grow as fast. I mean, it's not like we haven't tried what these other folks are pitching.  It didn't work.  And we should go with what works," he said.

The Obama administration said Thursday it would require lenders to allow unemployed homeowners to delay their monthly payments for up to a year without threat of foreclosure.

Senator John McCain warned his Senate colleagues on Wednesday, "To hold out and say we won't agree to raising the debt limit to pass a Balanced Budget Amendment to the Constitution, it's unfair, it's bizarro."