Jobs Numbers Reflect Crisis for Young and Old

jobs crisis

RJ Eskow: There was a time in the not-so-distant past when working people were able to consider retirement at the age of 60 or 62. But households that saw their net worth gutted by the financial collapse can no longer consider that option.

Larry ‘The Great Unifier’ Summers — Of People Who Oppose Larry Summers

larry summers

Richard Eskow: I takes a special kind of magic to bring together groups as diverse as progressive Democrats, Californians, conservative Republicans, feminists, a number of prominent economists, and a large chunk of the global investment community.

Dream Deferred: Minimum Wage Higher in ’63 Than Today

decent pay

Richard Eskow: Of the people who speak reverently about that march this week, how many will fight for a higher minimum wage so that all people can live in dignity?

Don’t Get Complacent About Social Security

worried elderly couple

Richard “RJ” Eskow: If you’re a Democrat who cares about the political fate of your party, complacency about Social Security would be an even bigger mistake.

Fast-Food Strikers Fighting for Us All

fast food strikers

RJ Eskow: In fact, if the minimum wage had kept pace with inflation, it would be more than $16 today. These fast-food workers have pitched their wage request exactly right.

Fighting the GOP’s Hateful Agenda Without Hate

john lewis

RJ Eskow: The GOP’s policies are horrifying. But the word “evil” is like a dangerous spell that can turn on the one who uses it. It can quickly turn righteous anger into inchoate rage, which makes a person less effective and occludes moral clarity.

Which Jeff Bezos Bought the Washington Post?

jim bezos

Richard Eskow: Between Bezos’ libertarian politics and his extraordinary gifts in business, this could be a very good or a very bad thing. But either way, it will be something worth watching.

A Surprise Ending for Larry Summers and the Fed?

larry summers

Richard Eskow: So far the Summers resistance has been closely linked with pro-Yellen sentiments, which is good, but it should also be made clear that a Geithner-like surprise nominee would be equally unacceptable.

Will Feds Bail Out Detroit Pensions?

detroit bankruptcy

RJ Eskow: If Detroit fails it will hurt our nation as a whole. It will send a message to minority and urban youth that their futures are as hopeless as they seem and the country doesn’t care.

Filibuster Fight About Core Values — And It’s Not Over

reid mcconnell

RJ Eskow: We don’t need Democratic Senators who pal up to Republicans and corporations. We need senators who stand up to them.

While Washington Sleeps, a Nation Crumbles

crumbled bridge

RJ Eskow: Americans have been treated to the bread-and-circuses spectacle of “Deficit Commissions,” debt hysteria, and a cult of economic austerity that demanded spending cuts across the globe despite the utter absence of real-world evidence for its harsh and untested prescriptions.

Where the Hell Is the Outrage?

never enough

RJ Eskow: And yet, bizarrely, the only Americans who seem to be seething with anger are the beneficiaries of this economic injustice — the wealthiest and most privileged among us. But those who are suffering seem strangely passive.

Forgotten Americans

no job

Richard Eskow: There are solutions to our unemployment problems, which have created nothing less than a lingering depression for wide swaths of our population. All we need is willpower… and remembering.

Voting Rights and the Corporate Coup

red blue map

RJ Eskow: This decision caps the Court’s clean sweep on behalf of the United States Chamber of Commerce and is part of a concerted effort to seize democracy on behalf of moneyed interests.

New Deal for Millennials Needed

millennials

RJ Eskow: A little unsolicited advice: Run! Run from the radical-right Republicans and demand sanity instead of madness. Run from anyone who tells you corporatist Democrats are the best you can hope for politically.

Fighting for Our Classrooms — And for the Human Beings Inside Them

school-closures-600

RJ Eskow: The Wall Street crowd wants us to think of education in terms of means — which usually means finding ways to spend less — rather than ends. But when it comes to education, the “ends” are our children.

The World Economy’s a Ticking Time Bomb (and the Fuse Is Lit)

financial wizards

RJ Eskow: Many financially sophisticated investors and bankers will say privately that they agree that it’s only a matter of time until the next crisis comes.

What’s Wrong with Jamie Dimon Is What’s Wrong with America

jamie dimon

RJ Eskow: Dimon isn’t the cause of our economic problems. He’s merely a symptom. He’s no more responsible for the wreckage he leaves behind than a surfer is responsible for the undertow of the wave he’s riding. Dimon may lack moral sensitivity, but then, that’s the character that got him where he is today.

Simpson-Bowles Austerity Gang: Go Home

simpson bowles

Richard Eskow: Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense.

A Pledge for Mr. Waxman

henry waxman

Richard Eskow: The president and his fellow Democrats have agreed to a series of reckless budget-cutting measures instead of fighting for jobs and protecting the social contract, which has deepened and lengthened the lingering recession.

Will JPMorgan Chase Bankers Finally Pay the Piper?

kamala harris

RJ Eskow: Will Kamala Harris hang tough in her new lawsuit against JPMorgan Chase, the first to target individual bankers accused of defrauding the public? If so, it would be the first time in five years that executives at a major bank have personally paid a price for their misdeeds.

Repeal Sequester, Repeal Insanity, Spend More Money

savings

Richard Eskow: So, yes, repeal the sequester. Repeal deficit babble, from the President or anyone else. Repeal the Visigoth Party’s right to ruin the economy. And repeal Tom Friedman too, just on general principle.

Real Faces of the Minimum Wage

minimum wage workers

Richard Eskow: Here’s the truth: Most minimum-wage workers are adults, the majority of them are women, and many are parents who are trying to raise their children on poverty wages.

The 27th Mile

boston bombing

RJ Eskow: But the killing ended there. The people of Boston walked the next mile, the 27th Mile. And after the smoke cleared they chose to walk it together, not alone. They looked into that handful of dust and saw hope, not fear.

The Upside of Taxes

tax-day-590

RJ Eskow: Today’s new corporate-sponsored cost-cutting craze is merely the latest policy designed to enrich a powerful few at the expense of the many, and today’s anti-tax agenda is being used to make sure it succeeds.

As Senators Roast JPMorgan Chase, Are The Winds Shifting for Diamond Jamie?

jamie diamond

RJ Eskow: We’ve been saying for years that JPMorgan Chase is fundamentally a criminal enterprise, that “Obama’s favorite banker” Jamie Dimon is a fraud, and that “America’s best bank” is a nest of venality and criminality.

Will Elizabeth Warren Ever Understand How Washington Works?

elizabeth-warren-590

RJ Eskow: Politicians and regulators serve criminal banks for the very same reason that Willie Sutton robbed them: That’s where the money is. If these senators don’t figure that out pretty soon, they’re going to have to go to the people to raise money.

6 Things You Can’t Talk About in Washington

shut thegovernment down

Richard “RJ” Eskow: There’s no quicker way to become completely untethered than to read economic reports, including the latest one from the Congressional Budget Office, and then watch the political debate go on as if reality didn’t even exist.

On Economic Justice, Will We Lead Or Be Lulled By Obama’s Speech?

obama inaugruation

RJ Eskow: If great speeches could heal our economic wounds, if they could repair the ever-increasing gap between the rich and the rest of us, we’d be living in a different country today.

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