Listening to the 'Noon Business Hour' on WBBM today. First someone from Chase says (finally) the cuts they're planning to the federal budget will have a negative effect on the economy. Then a little later someone got on and reminded the presenter that the 'Tea Party' was only one side of the issue and that there was another side to contend with as well.
It is preposterous to say that making the elderly give up some of their already painfully meager stipends in exchange for the wealthy having to pay taxes at the rates they paid during the Clinton years is in any way a fair compromise.
Our media concentration rules are archaic. News Corp may not own more than 20% of ITV, but it may own a far bigger entity, the whole of BSkyB. We should prize plurality and seize the moment. We must severely reduce the concentration limits in respect of UK media and cross-media ownershp. And, for clarity, I would no more wish to see the Guardian gain a dominant position than News Corp.
From Tammy Duckworth's announcement that she's running for Congress in the newly minted IL-08:
It's time to tell John Boehner, Karl Rove and the tea party crowd that you can't balance the budget on the backs of seniors. You can't serve multi-national corporations first and American families last. And you won't build a better future for America by tearing down our economy brick by brick and shipping it overseas.
Steve Benen points to Sen. Richard Shelby (R-AL) claiming on ABC that the stimulus didn't work. This is what all GOPers say. You can hear it all the time on Fox News.
Of course the simple truth is, while the stimulus was in effect, the economy was expanding and now that the stimulus is gone, the economy is slowing down. So something had to be happening.
Jonathan Chait speaking 'honestly' about the Ryan Budget:
Ryan's budget really is at odds with what most Americans would consider to be basic decency. Virtually every House Republican voted for it, and they deserve to face the consequences of it.
