Welcome to America, where half the nation lives right on the razor’s edge. A shocking new report out of the Corporation for Enterprise Development, finds that 44% of Americans are just one financial shock away from complete ruin. Nearly half the nation doesn’t have enough savings to keep them out of poverty for more than 3 months, should they suffer a job loss, an accident, a sickness, or other financial shock.
For the first time since 2009, the U.S. economy shrank last quarter. New numbers out of the Commerce Department, show that the economy shrank in the fourth quarter of 2012 by point-1 percent. That’s a complete reversal from the robust 3.1% growth rate, which we saw in the third quarter of 2012.
The Obama administration is considering its next move, after a panel of three Republican-appointed judges on a DC Circuit Court ruled last week, that President Obama’s recess appointments to the National Labor Relations Board and the Consumer Financial Protection Bureau were unconstitutional.
With President Obama set to tackle immigration reform on Tuesday, a group of bipartisan Senators came out today with their own compromised deal. The team of four Democrats and four Republicans introduced a plan that will put the more than 11 million undocumented immigrants, currently in the United States, on a path to citizenship.
On Thursday, Senate leaders, Harry Reid and Mitch McConnell, came to a deal on a very modest, watered-down filibuster reform package – which virtually guarantees that all legislation in the Senate, will again have to meet the 60-vote threshold over the next two years.
Virginia is now poised to be the first state to move legislation forward, which will rig the Electoral College to benefit Republican presidential candidates in the future. On Wednesday, legislation to dole out Electoral College votes based on gerrymandered Congressional districts, instead of the current winner-take-all system, advanced out of a state Senate subcommittee.
In the Senate. Last night, Senate Majority Leader Harry Reid said he’s giving Republicans 24 to 36 hours to come to the table, and agree on some sort of filibuster reform. But, he said, if Republicans don’t do it – then he’ll proceed on his own. Democrats will fight to change the rules of the Senate, and curb some of the obstructionism we’ve seen over the last four years in the upper chamber.
Today – Reagan worshippers across America are freaking out after President Obama’s Second Inaugural Address, because he laid out a vision for America that puts an end to the Reagan Revolution and imagines a nation in which “we the people,” through small-"d" democratic government, take better control of our economy and better care of each other.
As many as a million Americans gathered on our National Mall today, to watch Barack Obama be publicly sworn in to serve his second term as President of the United States. And he rides into his second term with a mandate – as the only President since Dwight Eisenhower to be elected twice with 51% of the vote.
Republicans are now admitting that the only reason they still control the House of Representatives is because they rigged the election. In a new report by the Republican State Leadership Council, the Party brags about how it spent $30 million in 2010 to put Republicans majorities in state legislatures in blue states, like Michigan, Ohio, Wisconsin and Pennsylvania.