Tim Fernholz is a former staff writer for the Prospect. His work has been published by Newsweek, The New Republic, The Nation, The Guardian, and The Daily Beast. He is also a Research Fellow at the New America Foundation.
What are the signs that the tax deal is a wedge issue? Well, you've got Rep. Mike Pence out there opposing it because "the American people did not vote for more stimulus." Actually, more voters supported spending to create jobs (37 percent) than did tax cuts (18 percent).
We had high hopes indeed for the Financial Crisis Inquiry Commission -- the New Pecora Commission, if you will -- when it got underway this year. But Shahien Nasiripourreports that partisanship has riven the commission and that the panel's Republicans, who have been limiting their participation in the effort since August, will release a dissenting minority report before the FCIC's official product is due:
Within hours of Ambassador Richard Holbrooke's death, his reported last words appeared nearly everywhere, passing through the Internet at light speed: "You've got to stop this war in Afghanistan." According to his family, our top diplomat to the region was speaking to his physician. He told her, perhaps, because no one else was listening.
Wharton finance professor Jeremy Siegelargues that the second round of quantitative easing -- or QE2, the Fed's effort to purchase bonds in search of looser monetary policy -- is working because Treasury rates are rising: