Sherwood Ross: As millions of Americans have been fired by employers struggling to remain profitable, we have all borne witness to Corporate America’s calloused disregard of its workers. Now, canny business economists claim the layoffs have hurt employers, too.
Ron Wolff: The International Covenant on Economic, Social, and Cultural Rights (ICESCR), a multilateral treaty promoted by the United Nations, commits its parties to work toward stated objectives for all its citizens. As of December 8th, 160 countries had ratified it. Not us. The United States has “signed,” but the Senate has never ratified.
There are not two groups involved, the young and the old. It’s a continuum starting from entrance into the workforce until retirement. While he says he speaks in the interest of the young, if there is a severe curtailment of Medicare and Social Security those hurt most will be the youngsters when they reach the age where they need them both.
Thunder Horse: Despite nearly insurmountable conditions, few resources, and against unbelievable odds, Nation after Nation of Indigenous leaders and their people are working hard to counteract decades of oppression and forced destruction of their cultures, to bring their citizens back to a life of self-respect and self-sufficiency in today’s world.
Tracy Emblem: Some say government should not be in the business of creating jobs. They are wrong. The government is the custodian of the public land and buildings. All improvements thereto benefit the people. President Roosevelt put people to work improving the public lands with roads and structures when the U.S. had 25-percent unemployment. In 2008, economists warned the government that we could suffer that again if we did not bail out Wall Street. Well, now, Main Street needs a hand.
Craig Williams: Businesses are constantly in competition, but at some point, as they evolve, either one or a small group of companies often control most of market share. Combine that with a money-driven political system and you have industries too big to fail and a powerless population to weak to succeed.
Shamus Cooke: Unions and progressive groups must educate and mobilize their base to confront both the Democrats and Republicans over the protection of Medicare, Medicaid, and Social Security. However, it is not enough for only the leaders of unions and community groups to pressure the Democrats over this issue, especially when Obama has made it clear that he prefers the advice of Wall Street CEOs.
Robert Reich: Rather than defending the outsized paychecks of Dimon, Blankfein, and the rest of Wall Street as part of the free market system, the President needs to demand that Wall Street help homeowners on Main Street. The Obama White House should have made this a condition of getting the giant bailouts in the first place. The least it can do now is to is to make the free market system work for everyone.
Robert Reich: The economic stresses of continued high unemployment and low wages are contributing to the growth of the “I’m Mad As Hell” Party – a rag-tag collection of Tea Partiers furious at establishment Republicans, left-wing Democrats angry at what they consider lily-livered Democrats in Washington, and Independents disgusted with everybody inside the Beltway.
Paul Kiel: The largest servicers have lagged in approving homeowners for modifications. Together, those servicers account for more than 60 percent of the 3.4 million mortgages eligible for the program, but very few homeowners have been approved for lasting modifications. About 425,000 Chase customers are eligible for loan mods, according to the Treasury Department. Only a little more than 7,000 have received permanent modifications.
David A. Love: It is unfortunate that it took an earthquake to put the spotlight back on poverty in Haiti. To be sure, the 7.0 magnitude earthquake that leveled Port-au-Prince would have been devastating under any circumstances. But the people of Haiti had been suffering for years. The difference is that no one cared, because people often become weary hearing about black people suffering.
Carl Bloice: President Obama told the country. “Meanwhile, China is not waiting to revamp its economy. Germany is not waiting. India is not waiting. These nations – they’re not standing still. These nations aren’t playing for second place. They’re putting more emphasis on math and science. They’re rebuilding their infrastructure. They’re making serious investments in clean energy because they want those jobs. Well, I do not accept second place for the United States of America.”
I about fell off my chair when I heard that. He was speaking the truth, telling us all something that we should wrap our collective brains around.
Robert Reich: The economic lesson President Obama ought to be teaching is that targeted tax cuts, mostly for small business, are good to the extent they give businesses a nudge toward creating more jobs. But businesses won’t begin to create lots of jobs until they have lots of customers. And that won’t happen until lots more Americans have work. The only way to get them work when businesses aren’t hiring is for government to prime the pump.
Ivan Eland: President Obama’s rationale for not including these security expenditures in his discretionary spending freeze is that he is prosecuting two wars. Aside from the obvious solution of ending the two conflicts—which are part of the “war on terror” but have had the counterproductive effect of increasing retaliatory terrorism—and cutting back the defense budget, defense spending could be reduced even if the two war efforts are sustained.
Robert Reich: President Obama today offered a set of proposals for helping America’s troubled middle class. All are sensible and worthwhile. But none will bring jobs back. And Americans could be forgiven for wondering how the President plans to enact any of these ideas anyway, when he can no longer muster 60 votes in the Senate.
Robert Reich: But suddenly the winds are blowing in a different direction over the Potomac. The 2010 midterms are getting closer, and the Dems are scared. Their polls are plummeting. The upsurge in mad-as-hell populism requires that Democrats become indignant on behalf of Americans, and indignation is meaningless without a target. They can’t target big government because Republicans do that one better, especially when they’re out of power. So what’s the alternative? Wall Street.
Robert Reich: Here’s what’s really going on. In Massachusetts, in New Jersey, all over the nation, voters are petrified of losing their jobs, their homes, and what’s left of their savings. Nothing counts more than the economy. Rightly or wrongly, presidents and the party in power are blamed when the economy is lousy.
Randy Shaw: If anyone still doubts that politics is all about branding, the rise of the “teabagger” closes the case. Here we have a group of overwhelmingly white anti-tax crusaders with a long history of political backing for right-wing causes suddenly re-branded by the media as populist crusaders for the common good.