On September 25, during his weekly radio address, President Obama referring to the full extension of the Bush tax breaks, specially when they were addressed to the wealthy, said “98 percent of Americans wouldn’t see any benefit from it.” Read the rest of this entry »

When this morning we woke up across the Atlantic from the US, we found out that we had expected had become true. The Democrats had taken a beating losing the House of Representatives as well as six Senate seats. Read the rest of this entry »

Yesterday the country was celebrating. After all the depressing news of the past months, it was a kind of catharsis that everybody needed. Unfortunately the problems did not disappear and we have to continue facing them. Read the rest of this entry »

Yesterday and for the second time, the Republicans thwarted the Democrats’ efforts to overhaul financial regulations. They released an alternative proposal that had some important differences in the regulation of consumer lending and they added provisions to tighten regulations of Fannie Mae and Freddie Mac, the mortgage giants, which the Democrats had not included in their proposal. Read the rest of this entry »

The year-long battle about health reform in the US has been won by the Democrats and President Obama. The bill should be shortly on its way to Obama’s desk to be signed into law. Between that moment and last night, when the House finally vote for the bill, a 153 page package of amendments will go to the Senate to be passed using the reconciliation rule. Read the rest of this entry »

This afternoon the action finally begins in the House and if things go according to the predictions of the White House and the wishes of the Democrats, it could be that America might end before Easter with a Health Reform bill. Read the rest of this entry »

Never mind what the White House officials are spinning about their reaction to the Massachusetts defeat of the Democrats, it is quite evident that they are worried and upset. And that is probably a good thing. It is time that they realize, from the president on, that their fellow citizens are not happy with the state of the country. Read the rest of this entry »