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In recent weeks, some mainstream media figures and outlets have pushed outdated arguments for austerity and misguided calls for bipartisanship in covering the $1.9 trillion COVID-19 relief package which is expected to clear Congress this week putting the onus for GOP obstruction on Democrats and emphasizing debt and inflation concerns that economists say are unwarranted amid a historically devastating crisis. Some in the media have emphasized the lack of Republican support for the relief bill, suggesting that Democrats should have done more to get GOP votes. Yet, the proposal which includes $1,400 stimulus checks, extended unemployment benefits, child allowances, state and local aid, and resources for vaccine distribution and health care has widespread, bipartisan support. According to a recent poll by Politico and Morning Consult, 76% of voters approve of the bill, including 60% of Republicans. Polls have also indicated that voters favor a strong relief packag ....
How Is Biden’s Covid Relief Bill like the Patriot Act? SHARE President Biden seems determined to pass his “American Rescue Plan” without any Republican votes. It’s $1.9 trillion or bust, he says, on top of the unprecedented $3 trillion coronavirus relief bill from March and another $900 billion in December, some of which still hasn’t been spent. In fact, Republicans don’t have the clout to stop the bill. But the plan is also drawing some sharp criticism from non‐Republican sources. Two big articles in the Washington Post Thursday and Friday urged that the plan be pared back to presumably necessary measures, with other components to be considered through the normal non‐emergency congressional process of hearings and floor debate. ....
The major financial services firm lehman brothers came crashing down and with it almost the entire u.s. financial system. where do things stand a decade later? for the washington post and professor at george mason university, steve pearlstein. can american capital yammism survive? because we got into a debate in 2009 or 2010 and he said i guarantee you every dime of the bail out money will be paid back. i was like he was right. he was right. i was wrong. and his book is can american capitalism survive. also we say former treasury officials economic analyst steve ratner and msnbc s josh barrow. alan greenspan is writing a book that will be coming out ....
we ll look at the possibilities with a former federal reserve governor. and why shouldn t free market conservative david coke buy the l.a. times? he ll save the papers, improve the newsroom and put in a better editorial policy. we ll debate. the kudlow report begins right now. first up, marking the first 100 days of the second term, president obama met a much more combative white house press corps at a news conference today. he is tackling everything from the red line for syria, obamacare s rollout train wreck, and even whether his agenda is failing. chief washington correspondent, john harwood joins us with the details. good evening, john. good evening, larry. on your earlier question, he gave straight answers, but didn t much news. what the president was doing was trying to put himself in the narrative on a slow week in washington with congress out. and as presidents often do, especially in second term, he found himself defending against things that have prove ....