Employers Take Beating Laying Off Employees

Layoffs

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.

Us Greedy Geezers and the “Commission” Plot

Lucky, Ronald Reagan, Lady Thatcher

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.

Out of Sight, Out of Mind

thunder-horse--family

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.

Dollars for Death, Pennies for Life

Helmand Refugee Camp (photo by Fardin Waezi)

Norman Solomon: While commanders in Afghanistan were launching what the New York Times called “the largest offensive military operation since the American-led coalition invaded the country in 2001,” the situation in Haiti was clearly dire.

Main Street Needs a Hand

Doing nothing on jobs

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.

Too Big to Fail Capitalism

Oil Wells

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.

The Democrats, the Deficit, and Social Security

Core Healthcare

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.

One Free Market System for Wall Street, Another for Main Street

Upsidedown-mortgages

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.

Obomanomics One Year Out

Obama Economic Challenges

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.

Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo

Protesters organized by the Neighborhood Assistance Corporation of America display a sign from inside the lobby of the One Chase Manhattan Plaza building on Dec. 14, 2009, in New York City. (Chris Hondros/Getty Images)

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.

Haiti Reminds Us of the Poverty at Home

Haiti Coverage

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.

Who’s Killing Financial Reform?

Senator Chris Dodd

Robert Reich: Congress isn’t doing a thing about Wall Street because it’s in the pocket of Wall Street. Dodd’s outburst at the Street is like the alcoholic who screams at a bartender “how dare you give me another drink when all I’ve done is pleaded with you for one!”

The Good and the Not So Good State of the Union

Jobs

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.

Obama Needs To Teach The Public How to Get Out Of The Mess We’re In, But He’s Not

obama-state-of-union

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.

Why Freeze Spending on Only Part of the Budget?

Budget-Pie

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.

McClintock Press Secretary Slams Eran, Eran Talks Back

Congressman Tom McClintock

Adam Eran: Bill George, the press secretary for Congressman Tom McClintock protests that in some previous editorials, I’ve maligned his boss with “utterly preposterous charges.” Unfortunately, I’ve done my homework, and Mr. George’s specific answers are either wrong, or misleading.

Why I’m Skipping Obama’s State of the Union

Obama One Year Later

Randy Shaw: Speechmaker Obama’s efforts to sell that economic plan to a Democratic base reeling from rising unemployment and stretched pocketbooks may even exceed his mighty oratory skills, and could leave President Obama’s base wondering what happened to the candidate they elected.

More Pain & Suffering – A Bad Way to Start the New Year

Unemployment

Carl Bloice: Just as rising unemployment and economic insecurity means less retail spending and fewer trips to the malls and showrooms, it also means a fall in available jobs. Rising joblessness means the already catastrophe situation in the housing market gets even worse.

Civil Rights Day for Some

UFW

Steve Ybarra: But now to the question of the day: Why is it that the Gay and Lesbian movement leaders have never taken their rainbow progressive flags and marched in large numbers with those who seek immigration reform or in today’s MLK marches all over the US? Why did they abandon us?

Obama Finally Gets Tough on Wall Street

Wall Street Bailout

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.

What Scott Brown’s Victory Really Means

Economic Grip

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.

Of Love and Haiti

Haiti

Robert Illes: The very best and the very simplest way of giving I have seen is the Red Cross cell phone text system: text Haiti to 90999. It’s a $10 donation, added to your phone bill. How painless is that? Verizon has already reported $3 million have been donated

Haiti’s Curse

Earthquake Devastation

Sharon Kyle: Televangelist Pat Robertson has claimed that Haitians made a pact with the devil and, as a result, have been cursed by God. Is Haiti cursed? If it is not, who or what is driving the policies that effectively keep Haiti oppressed?

Does Welfare Work?

Domestic Worker

Ron Wolff: If social welfare programs work, then countries with more extensive programs should report a smaller percent of their population living in poverty. And that is exactly what we find.

Defiant Wall Street Welfare Kings Come to Washington

Lloyd Blankfein

Joseph Palermo: The Democrats ensconce themselves in huge amounts of Wall Street campaign money and in exchange they pursue the short-sighted prerogatives of a bunch of rich guys who have already been bailed out and have shown the world that they’re nothing but a gang of white-collar crooks.

Tea Baggers Repackaging America’s Right Wing

Marco Rubio and Jesse Helms

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.

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