Caving In on the Economy

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Barack Obama has pretty much caved in to the Republican contention that budget deficits are the biggest problem our economy faces. He’s pretty much caved in to the Republican contention that higher taxes are bad for the economy. And he’s pretty much caved in to the Republican contention that nothing big can done to improve the unemployment picture.

So what’s his next cave-in on the economy? Apparently this. I guess regulatory uncertainty is what’s holding us back after all. So much for the agenda-setting power of the presidency.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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