In 2008, “the brokerage units of New York financial companies lost more than $35 billion.” According to a report by the New York state comptroller, these companies simultaneously doled out an estimated $18.4 billion in bonuses, “the sixth-largest haul on … Read more »
When they write their retrospectives about the era that ended with the 2008 election, economic historians will undoubtedly credit George W. Bush with almost single-handedly moving the country to embrace extremist conservatism. It’s a simple storyline: Cowboy president drives bewildered … Read more »
Yesterday, in a 244-to-188 vote, the House approved an $819 billion economic recovery plan written by House Democrats and supported by President Obama. Despite Obama’s aggressive outreach efforts, the entire Republican caucus, along with 11 Democrats, voted against the plan. … Read more »
Barack Obama ended four wars during his first week as president. With just a few words and strokes of his pen, the president ended the war on terror, the war on Islam, the war on science and the war on … Read more »
While President Obama’s interview with Al Arabiya — his first interview since taking office on Jan. 20 — signaled a new rhetorical posture toward the world, his initial appointments and directives have shown that, unlike the previous administration, this president … Read more »
On his second day in office, President Obama took a bold step away from the Bush administration and signed an executive order to close the Guantanamo Bay detention camp within one year while suspending all military tribunals for six months. … Read more »
In one dramatic stroke, President Obama has removed any doubts that he intends to break sharply from President George W. Bush’s policies on yet another vital issue… Read more »
What’s up with the Republicans? Have they no sense that their policies have sent the country hurtling down the road to ruin? Are they so divorced from reality that in their delusionary state they honestly believe we need more of … Read more »
On Thursday, President Barack Obama consigned to history the worst excesses of the Bush Administration’s “war on terror.” One of the four executive orders that Obama signed effectively cancelled seven years of controversial Justice Department legal opinions authorizing methods of … Read more »
President Obama yesterday eliminated the most controversial tools employed by his predecessor against terrorism suspects. With the stroke of his pen, he effectively declared an end to the “war on terror,” as President George W. Bush had defined it, signaling … Read more »
