Mitt Misses Middle Class’s Decline

entitlement society

Robert Reich: January’s increase in hiring is good news, but it masks a bigger and more disturbing story – the continuing downward mobility of the American middle class.

Why Jobs Still Matter More Than Budget Deficits

solis obama

Robert Reich: Government should extend unemployment benefits, and not cut spending until the nation’s rate of unemployment is down to 5 percent. Then, and only then, should we move toward budget austerity.

What’s the Economy for Anyway?

tim geithner

Robert Reich: The biggest problem is that corporate money is undermining democratic institutions in the name of better deals for consumers and investors.

Ex-Marine Fights Freddie Mac to Save His Home

de los santos family

Peter Dreier: recent report sponsored by bank reform groups reveals that if banks lowered the principal balance on all underwater mortgages to their current market value, it would pump over $70 billion per year back into the economy.

When Republican Politicians Hate Jobs

general motors

Steve Hochstadt: The truth, however, is not important to Romney. He and other Republican politicians have been doing everything in their power to destroy unions. Saving union jobs is worse than saving no jobs.

Is Capitalism on Trial?

vulture capitalism

Peter Dreier: The high unemployment rate among today’s youth, and the enormous increase in debt owed by college students and recent graduates, has something to do with their growing doubts about capitalism. So does their uncertainty about their own future and the country’s future.

A Government Overwhelmed by Corporate Money

corporate regulations

Robert Reich: American business won’t and can’t lead the way to more and better jobs in the United States. First, the private sector is increasingly global, with less and less stake in America. Second, it’s driven by the necessity of creating profits, not better jobs.

Apple’s Labor Pool: Job Market or Slave Auction?

apple assembly plant

Steven Mikulan: Everything about Apple (from the mocking irony of Jobs’ name to the outsourcing of its employees’ livelihoods to factories in a totalitarian police state) epitomizes big business’s attitude of contempt – not only for American workers but for America itself.

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