President Obama has proposed a $266 billion jobs bill that contains tax credits for small businesses that hire more workers, an increase in the federal highway fund to patch our crumbling infrastructure, and a short-term extension on the federal unemployment benefits. It’s a boost to the economy, but it’s not nearly enough to put 15 million Americans back to work.
The election of the forty-first Republican and the first nudie model to the U.S. Senate has the pundits chattering. Scott Brown’s victory in the Massachusetts senate race is being read as a dark omen of what the Democrats will face in the mid-term election. Does Scott Brown’s election really signal the emergence of the Tea Party as a powerful new reactionary force on the American political scene? Does his election foretell the end of the Democratic majority? Is it a turning point in American politics?
This week the Obama Administration, after a year of perseverating, finally came forward with a modest proposal to tax big financial institutions, and Republican leaders reacted as if the President were proposing to nationalize the banks.
Contrary to what you’re hearing from the noise media, Copenhagen was not a complete bust. The agreement to reduce deforestation was an important step forward that could become as significant as any cap-and-trade system in reducing net carbon emissions. And the pledge by industrialized countries to commit billions to assist developing countries in reducing their emissions and adapting to global warming is vital to millions of the worlds’ people.
President Obama’s decision to escalate our military presence in Afghanistan with the introduction of 30,000 troops is doubling down on a bad bet.
President Bush made the decision to commit U.S. ground troops in Afghanistan on the questionable theory that if you could deny the Taliban and al Qaeda a place from which to operate, you could put them out of business forever.
The normally circumspect David Brooks of The New York Times could hardly contain himself on the News Hour. The buttoned-down conservative sputtered that awarding the Nobel Peace Prize to President Obama was “a joke,” and he dismissed the Nobel Prize Committee as nothing more than “five Norwegian lefties.” Other commentators were quick to pass judgment that the Nobel Committee was behaving like the Democratic Campaign Committee by awarding the prize first to Vice-President Gore and now President Obama. After all, what exactly had Obama accomplished?