"It’s the Mortgages, Stupid" (Robert Scheer-truthdig):
This week’s proposals by the Obama administration to deal with the persistent economic crisis will be, as with previous plans that involved trillions of taxpayer dollars, little more than salt in the wounds. Once again the strategy is to stimulate the economy by funding projects and tax cuts while ignoring the root cause of the problem: a housing foreclosure meltdown that has chilled the spending of a majority of American consumers. MORE...Howie P.S.: Is Elizabeth Warren the progressive ally that is needed? Answer: Elizabeth Warren @Netroots Nation, video (12:00). Robert Reich writes "Why Obama Is Proposing Whopping Corporate Tax Cuts, and Why He’s Wrong." Bill Boyarsky's "Democrats on the Edge of a Midterm Disaster" puts the Obama administration at the center of the problem:
The nation’s problems—war and unemployment—are badly damaging the Democrats, even on the Pacific Coast, which President Barack Obama won easily in 2008. And Obama himself, reacting slowly and indecisively, is contributing to the challenges his party faces in November. MORE...
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