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President Can’t Tackle Debt With Just Talk

8:41 pm in Economic News by acai_berry

DAVOS, Switzerland — The state of the union is … leaderless. Sounds harsh, but when it comes to digging America out from what President Obama calls its “mountain of debt,” I’m becoming increasingly worried this assessment is accurate. The president talks the talk about fiscal responsibility. But the evidence suggests he’s not willing to spend the political capital to translate that talk into action. Judge Obama by his own standards. “We have to

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Middle East Is On The Verge Of Convulsing

8:46 am in Economic News by aaronlewis142

Things are about to go from bad to worse in the Middle East. An Israeli-Palestinian peace agreement is nowhere in sight. Lebanon just became a Hezbollah state, which is to say that Iran has become an even more important regional power, and Egypt, once stable if tenuously so, has been pitched into chaos. This is the most dire prospect of them all. The dream of a democratic Egypt is sure to produce a nightmare. Egypt’s problems are immense. It has a

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Egypt Reveals Party Shift On Foreign Policy

11:21 pm in Economic News, General News by Acai BDU

The democratic uprising in Egypt has brought into relief a gradual and little-noticed transformation in American politics. Over the last decade, ideological divisions over the role of democracy and human rights in American foreign policy have been scrambled. In the meantime, President Obama has restored foreign policy realism to the White House, giving a liberal gloss to what had traditionally been a conservative disposition. This mildly liberal

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Payback Time For The Latest Devil We Knew

1:50 pm in Economic News, General News by Acai Berry

Bargains with the devil never end well. For decades, successive U.S. administrations have embraced autocratic, repressive regimes in the Arab world — and now, as we see in the bloody streets of Cairo, it’s time to pay the price. Officials in Washington could do little more than watch helplessly Wednesday as goon squads loyal to dictator Hosni Mubarak made a violent attempt to drive pro-democracy protesters out of Tahrir Square. Before learning of

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Next Steps Will Be Harder For Healer In Chief

1:31 am in General News by Aaron Phillips

The powerful elegy that President Obama delivered in Tucson was a big step toward his long-held goal of transforming the nation’s choleric and dysfunctional political culture. Subsequent steps will be harder — but no longer seem impossible. Listening to Obama’s speech brought back memories of Obama the candidate, a mesmerizing orator with the power to summon visions of a better America. He seemed almost to transcend politics. If you listened to

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Obama Agenda Threw A Gear Into Recovery

5:41 pm in General News by Anne Veal

President Obama must take some comfort that the latest economic forecasts are becoming more optimistic about 2011 and beyond. The more upbeat of these have the economy’s growth accelerating next year to about 4% from less than 3% and the unemployment rate dropping from the present 9.8% to 8.6% by year-end. That is still depressingly high, but it would begin to dispel the gloomy notion the economy is permanently stuck with high joblessness and give

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Has ‘Magneto’ Of Economy Been Repaired?

10:44 am in Economic News by Abby O'donald

‘We have magneto trouble. How, then, can we start up again?” mused John Maynard Keynes in December 1930, likening the stagnant economy of the Great Depression to a broken generator in an automobile. Fear not, he wrote, the car eventually would get rolling again, and “we need not assume .. . that motoring is over.” As 2011 begins, many investors are acting as if Keynes’ “magneto trouble” has been fixed. Stock markets are up as investors feel the

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The Distraction Of Birthright Citizenship

8:29 pm in Economic News by A Carlson

There is nothing sacred about American birthright citizenship. But there also is no pressing fundamental reason to change more than a century of constitutional law. The Republican-led rebellion rising out of state legislatures to redefine the 14th Amendment and end guaranteed citizenship to anyone born in the country is a distraction of epic proportions. It recklessly challenges the national government’s power to decide who is an American, and the

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Expectations, But Not Power, High For GOP

4:19 am in Economic News, General News by Aaron Tays

It’s been not quite two months’ time since Republicans won a sweeping midterm victory, and already they seem divided, embattled and — not to mince words — freaked out. For good reason, I might add. Sen. Lindsey Graham captured the mood with his mordant assessment of the lame-duck Congress: “Harry Reid has eaten our lunch.” Graham’s complaint was that the GOP acquiesced to a host of Democratic initiatives — giving President Obama a

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Is Obama’s Win On Gay Rights A Vindication?

2:16 am in General News by acai_berry

President Obama must be tempted to respond to his progressive critics with a quote from the old-school rapper Kool Moe Dee: “How ya like me now?” Repeal of the military’s bigoted and anachronistic “don’t ask, don’t tell” policy on gays in the military — a campaign promise that seemed to be slipping out of reach — doesn’t fully mend the relationship between Obama and the Democratic Party’s liberal wing. But it’s a pretty terrific start.

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