Thursday, November 11, 2010
Tuesday, November 2, 2010
Författarna till “Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class” presenterar sin bok.
Here is a summary from the Think Progress:
When Speaker Nancy Pelosi (D-CA) gaveled in the 111th Congress in January 2009, the country faced severe problems, none more pressing than a cratering economy. The unemployment rate had skyrocketed since 2007 with no signs of relenting, and the private sector needed a jump start. In its first month, the 111th Congress passed the American Recovery and Reinvestment Act, which President Obama quickly signed into law. The non-partisan CBO found that the bill created 3.7 million jobs, and GDP and manufacturing have both grown steadily over the past year. The bill also included significant tax cuts. The Tax Policy Center found that the tax cuts contained in the stimulus bill saved an average of $1,179 for 96.9 percent of U.S. households in 2009. Congress later passed, and Obama signed, the Small Business Jobs Act of 2010 , which cut taxes by $12 billion for small businesses and leveraged $300 billion in private sector lending for small businesses. Congress also passed -- and Obama signed -- a $26 billion jobs bill to save over 300,000 teachers, police, and other public workers from layoffs. Congress provided additional stimulus for the economy with the Hire Act, which created up to 300,000 jobs by starting a payroll tax holiday and other tax credits for businesses that hire unemployed workers, and with an extension to unemployment benefits for those still unable to find work in a tough economy. Aside from these major steps to jump-start the economy, the 111th Congress also reformed several dysfunctional institutions. The Affordable Care Act transformed the country's health care system, by reforming health insurers' discriminatory practices, expanding Medicaid coverage, and income-based help for health care, and creating health insurance exchanges where consumers can shop for high-value coverage. The Wall Street reform bill ended taxpayer-funded bailouts of large financial institutions, created numerous regulations to prevent irresponsible behavior by such institutions, and created the Bureau of Consumer Financial Protection to serve as a Wall Street watchdog. The 111th Congress also reformed the student loan industry by passing a bill that marked the largest investment in college aid in history: it increased Pell Grants, strengthened community colleges, and ended wasteful subsidies to private lenders. The bill is expected to pump $100 billion into the economy thanks to the increased earnings of new students who can take advantage of the reforms. Congress also passed the Lily Ledbetter Fair Pay Act, which restored basic protections against pay discrimination towards women.