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American Prospects
MoneyAmerican Prospects: Financial News

If at First You Don't Succeed, Bomb, Bomb Again

From American Prospects

AP Photo/Ebrahim Noroozi In testimony last week before the Senate Foreign Relations Committee and House Foreign Affairs Committee, Under-Secretary of State for Pol ... Quick Read

Naming Names in the Dodd Frank Mess

From American Prospects

  As we trudge through the swamp of disappointment that characterizes Dodd-Frank implementation, the liberal commentariat has lately seized upon a new meme; Wall Street lobbyists are responsible for gutting Dodd-Frank behind closed doors.  Big-pocketed firms deploy phalanxes of clever lawyers and influence peddlers that easily outpace reformers, ensuring that the regulations ultimately written are sufficiently de-fanged to allow the financial ... Quick Read

Patty Murray in 19 Takes

From American Prospects

AP Photo/Carolyn Kaster No. 1: The Fixer Patty Murray may be the dullest, most unremarkable member of the United States Senate. Two decades in, she lacks any major legislatio ... Quick Read

Michelle Obama Sends the Wrong Message

From American Prospects

Over the weekend, the Obamas?both Barack and Michelle?gave commencement speeches to historically black colleges and universities. At Bowie State University in Maryland, the First Lady mixed praise and encouragement with the kind of moral scolding that is familiar to anyone who has spent time with a certain generation of African Americans: But today, more than 150 years after the Emancipat ... Quick Read

Ringside Seat: Leaky Scandals

From American Prospects

Over the last week and a half of scandal-mongering, most people on the left have agreed on the basic contours of the story. Benghazi isn't a "scandal," because tragic as the killings there were, there's no evidence of malfeasance on the part of Obama administration?no crimes, no cover-up. (And no, interagency bickering over talking points does not constitute a cover-up). The IRS, on the other hand, is potentially scandalous, there having almost certainly been inappropriate behavior on the part ... Quick Read

Hillary '16 Campaign Off to Excellent Start

From American Prospects

Breaking news: according to a report in today's Washington Post, Hillary Clinton's chances of winning the presidency in 2016 have increased by approximately a zillion percent, due to the fact that her former chief strategist Mark Penn, quite possibly the most incompetent and generally hackish consultant in U.S. political history, will not be working for her should she run again. Nor will any of her other senior advisers from 2008, which seems just ... Quick Read

IRS "Scandal" Turning Out to be Less Dastardly than Conservatives Think

From American Prospects

Over the weekend, the New York Times published a comprehensive, deeply-reported look at the Internal Revenue Scandal. Far from finding evidence of a White House aiming to undermine its opponents, the Times uncovered a much more banal story?that of an understaffed and under-resourced agency, straining to do its job in difficult circumstances. Here?s the Times with more: Overseen by a revolving cast of midlevel managers, stalled by miscommunication with I.R.S. lawy ... Quick Read

The Military's Suicide Scandal

From American Prospects

What a drag it?s been these past few weeks to watch the military brass?those kings of accountability, at least when it comes to other people?s behavior?huffing and bluffing and outright lying about what they knew and when they knew it. First we had to endure the sight of them gaping over the news that the sexual-violence crisis they?ve done nothing to squelch since the assault of 83 women and seven men at the Tailhook Air Force convention in 1991 has worsened. Now thos ... Quick Read

Virginia GOP Says YOLO, Nominates Most Conservative Ticket Ever

From American Prospects

E.W. Jackson for Lieutenant Governor At the end of their two-day convention on Saturday, Virginia Republicans h ... Quick Read

Conservatives Shift Gears on IRS

From American Prospects

Something odd happened to Barack Obama's approval rating last week: nothing. With a bunch of controversies swirling about the administration, one might think Americans would be thinking less of his performance. Yet the latest polls from Gallup and CNN both show his job approval essentially unchanged, at just at or above 50 percent. So far anyway, these "scandals" are, like most scandals, an almost completely partisan phenomenon. Yes, ... Quick Read

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