Articles

  • 4 days ago | prospect.org | Robert Kuttner

    On May 21, President Trump said that he was giving “serious consideration” to privatizing the two giant entities that purchase mortgages on the secondary market, Fannie Mae and Freddie Mac. This could revive rampant speculation in the system of securitization of mortgages, which was the primary factor in the financial collapse of 2008. It would create a bonanza for hedge funds and private equity, which have spent nearly two decades setting up a lucrative trade.

  • 5 days ago | prospect.org | Robert Kuttner

    With all of the blinding detail in the 1,116-page “Big Beautiful Bill” and the attention to the legislative jousting between the House and Senate, it’s too easy to lose sight of the devastating budget cuts in the bill. The major ones, such as Medicaid and food stamps, have gotten a lot of notice, but many more have received too little attention. One is mental health. A notable achievement of the Biden years, thanks to smart public policy, has been a sharp reduction in drug overdose deaths.

  • 1 week ago | prospect.org | Robert Kuttner

    Last week, President Trump abruptly reversed his own campaign commitment, and an earlier order by Joe Biden, to allow Japan’s Nippon Steel to acquire the flagship domestic company U.S. Steel. The more one looks into the details of the proposed deal, the stranger it is. The deal was announced on social media last week right after Trump met with Pennsylvania Sen. Dave McCormick, who is a big promoter of the idea.

  • 1 week ago | prospect.org | Robert Kuttner

    We have been wondering when traditional conservative Republicans might openly break with Trump’s lunacy. Well, it’s been happening right under our noses, in the editorials of The Wall Street Journal, the quintessential voice of business conservatism and right-wing ideology. This is doubly interesting. The Journal’s editorial page is famously dishonest with its facts as it excoriates anything liberal.

  • 1 week ago | flipboard.com | Robert Kuttner

    1 day agoCNN — President Donald Trump announced he is granting a “full and unconditional pardon” to a former Virginia sheriff, Scott Jenkins, who was convicted of conspiracy, honest services fraud and bribery. “This Sheriff is a victim of an overzealous Biden Department of Justice, and doesn’t deserve to …

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Robert Kuttner
Robert Kuttner @rkuttnerwrites
1 Jun 22

Why does anyone take @LHSummers seriously? He keeps getting the numbers wrong. (Maybe because corporate elites like the message to cut wages?) https://t.co/3Cg6WyxSuV

Robert Kuttner
Robert Kuttner @rkuttnerwrites
21 May 22

For the third time (1929, 2008, and now) we are learning that low interest rates and rampant market speculation create crashes. https://t.co/fsGrB9NLjP

Robert Kuttner
Robert Kuttner @rkuttnerwrites
21 May 22

The 2022 midterm does not have to be a wipeout. Trump is the Dems' secret weapon https://t.co/L4j2hVo1Xz