Robert Scheer, a contributing editor to The Nation, is editor of Truthdig.com and author of The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street (Nation Books), The Pornography of Power: How Defense Hawks Hijacked 9/11 and Weakened America (Twelve) and Playing President (Akashic Books). He is author, with Christopher Scheer and Lakshmi Chaudhry, of The Five Biggest Lies Bush Told Us About Iraq (Akashic Books and Seven Stories Press.) His weekly column, distributed by Creators Syndicate, appears in the San Francisco Chronicle.
Why would President Obama, whose legacy has been sabotaged by a housing crisis that Tom Donilon helped create and conceal, hire him to run the most sensitive position of public trust in his administration?
The Titanic that is the US housing market has just sprung its biggest leak.
Surely Michelle Obama knows that this administration has thrown trillions at the banks in hope that they would respond with mortgage relief for struggling homeowners—and gotten nothing in return.
Paul Volcker, head of Obama's Economic Recovery Advisory Board, nailed the cause of our financial hardship in a series of blistering remarks on the sorry state of our economy.
The Obama administration, unwilling to confront Wall Street, surrendered the substance as well as the rhetoric of a meaningful populist response to the faux insurgents of the Tea Party.
The Obama Administration, unwilling to confront Wall Street, surrendered the substance as well as the rhetoric of a meaningful populist response to the faux insurgents of the Tea Party.
Finally! The announced departure of Lawrence Summers as the president’s top economic adviser is welcome news.
Lawrence Summers should be fired for the part he played in bringing about the financial crisis that cost so many Americans their jobs.
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.
President Obama's attempt to put the best face on the ignominious US occupation of Iraq will not hide what he and the rest of the world well know.