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.

Keynes and Hayek, Obama and the Republicans

friedrich von hayek

Walter Moss: From the Reagan years to the present, conservatives have been fond of quoting Friedman and Hayek. Their influence can be seen in such documents as the Republican Party’s 1994 “Contract with America.”

The Foreclosure Crisis: Urgent as Ever and Could Get Worse

foreclosure sale

Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.

Free Enterprise on Trial

mitt occupy

Robert Reich: The Right’s blather about free enterprise risk-taking has it upside down. The higher you go in the economy, the easier it is to make money without taking any personal financial risk at all. The lower you go, the bigger the risks.

Eat at BJ’s

diner

Steve Hochstadt: The lesson for all of us is that we do better for ourselves and our communities if we patronize small businesses and use local tax dollars to encourage local entrepreneurs, not big boxes.

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