Matthew Yglesias is a senior editor at the Center for American Progress Action Fund, a former Prospect staff writer, and the author of Heads in the Sand: How the Republicans Screw Up Foreign Policy and Foreign Policy Screws Up the Democrats.
Matthew YglesiasSep 16, 2003
Throughout the Bush recession and the ensuing jobless recovery, the one consistent source of good economic news has been from the housing market. The value of the average home increased 6.48 percent in the 12-month period ending on March 31, and it is up a hefty 38.04 percent over the past five years. This continuing strength has given homeowners a cushion in the value of their assets during an era of declining stock portfolios. It has also provided construction jobs during a catastrophic period for employment in the manufacturing sector. This has been good news for families who own homes. But the millions of Americans who rent their homes -- a disproportionately poor, disproportionately young group -- face an increasingly bleak situation. A new report released Monday by the National Low Income Housing Coalition (NLIHC) reveals that the national housing wage (the amount of money per hour a full-time worker would need to make in order to rent a two-bedroom apartment on less than 30...
Matthew YglesiasSep 12, 2003
As the weapons-of-mass-destruction rationale for invading Iraq grows more threadbare and the notion that removing Saddam Hussein from power would lead to a quick blossoming of Middle East democracy looks more fanciful by the day, President Bush has taken to casting the ongoing conflict in Iraq as "the central front in the war on terror." This strategy is a new twist on an old ploy. For more than a year the Bush administration has tried to portray war against Iraq as a logical outgrowth of the events of September 11. And without ever quite drawing an explicit link, the president apparently managed to convince large numbers of people -- as many as 70 percent, according to a recent Washington Post poll -- that Hussein's government was actually involved in the attacks on New York and Washington. In this deceptive linkage of the Iraq War to 9-11, the news media has often been a conspirator, if perhaps an unwitting one, and yesterday's coverage of the date's second anniversary proved to be...