Why the President’s 2014 Budget Should Restore Funding for ESOPs

Evergreen cooperative laundry (Photos: Janet Century)

Heather Gautney: With 1 percent of Americans owning almost 40 percent of our wealth (and steep declines in trade unionism), worker ownership in productive enterprises marks an important step in reversing the tide of social inequality in our nation.

Wingnuts of America, I Salute You

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Charles Hayes: American demographics are changing the political landscape toward a more thoughtful and tolerant society. If the radical Right persists with its vitriol, their political party will soon be small enough to drown in a bathtub.

A Safe and a Shotgun or Publicly-Owned Banks? The Battle of Cyprus

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Ellen Brown: The push to confiscate the savings of hard-working Cypriot citizens is a shot across the bow for every working person in the world, a wake-up call to the perils of a system in which tiny cadres of elites call the shots and the rest of us pay the price.

Wall Street Agitates for Social Security Cuts

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Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.

Obama Reelected! How?

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John Peeler: After all the anguish, all the hyperventilation, all the spin, we are pretty much back to where we’d thought we’d be.

Capitalism’s Survival Plan: Austerity and Structural Reform

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Shamus Cooke: The coast is clear, the media tells us; economic disaster has been averted. The Euro Zone is finally stable and the U.S. economy is recovering. Whew! Why, then, are government policies internationally still pursuing extremist measures?

Government by the Banks, for the Banks: The ESM Coup D’Etat in Europe

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Ellen Brown: Europe has a strong tradition of publicly-owned banks. If the people must bear the costs, the people should own the banks and reap the benefits.

10 Most Read Articles — 12 to 19 May 2012

This week, Shamus Cooke’s article, “Why U.S. Politicians Are Quiet About Europe’s Meltdown,” led the way, suggesting that working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich!

Government “Debt” Isn’t What You Think

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Worrying about government debt is like worrying about the monster under the bed. The issue isn’t debt, it’s power.

Time to Retire the 99 Percent

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Walter Brasch: It’s time to retire the 99 percent. Not the people, but the slogan that identifies the Occupy Movement.

Thoughts on Tax Day 2012

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Robert Reich: I worry about the well-financed big lies that the very rich are the nation’s “job creators,” that the benefits from tax cuts on the rich “trickle down” to everyone else.

Goldman Sachs: An Old-School Mafia Family?

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Joseph Palermo: The amazing thing about Mr. Smith’s decision to break the code of omertà at Goldman was the fact that an employee existed there at all who was still capable of making a moral or ethical judgment and could even express something resembling remorse.

The Gas Wars

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Robert Reich: Nothing drives voter sentiment like the price of gas – now averaging $3.56 a gallon, up 30 cents from the start of the year. It’s already hit $4 in some places. The last time gas topped $4 was 2008.

Occupy: You Can’t Evict an Idea

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Ruth Rosen: Any successful movement must change the national conversation and create and dominate the terms of debate. This the Occupy movement has successfully done, for now.

The Remarkable Political Stupidity of the Street

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Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

A Passionless Presidential Race?

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Robert Reich: Occupiers and others have had enough.

Yet paradoxically the presidential race that officially begins a few months from now is likely to be as passionless as they come.

The Occupy Movement Needs a Good Fight

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Shamus Cooke: If the national Occupy Movement fought for a massive public jobs program and against cuts to social programs by massively taxing the wealthy and corporations, the vast majority of working people would join the movement until it was capable of actually winning these demands.

Greece’s Choice — and Ours: Democracy or Finance?

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Robert Reich: Greek Prime Minister George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.

Support Alan Grayson’s Return to Congress: Saturday, 12 November

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Alan Grayson, the former congressional representative whose speech on the House Floor went viral on YouTube, because he spoke truth, needs your help. After telling the raw truth about healthcare reform, Grayson lost his seat. But Saturday, 12 November, 2 p.m. we can help change that.Grayson famously said that Wall Street controls our economic policy, Big Oil controls our energy policy, and the military-industrial complex controls our foreign policy.

Why Obama Should Break Up Big Banks

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Robert Reich: What better way for Obama to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout, and call for real reform?

50 Million Will March

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Brent Budowsky: I believe that the first big winner of the 2012 campaign is the Occupy Wall Street movement, whether or not it participates in electoral politics.

Occupy Wall Street: Separating Fact from Media

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Walter Brasch: Even the most oblivious recognize the protestors as a large cross-section of America. They are students and teachers; housewives, plumbers, and physicians; combat veterans from every war from World War II to the present.

I Will Stand with Occupy Wall Street

Brent Budowsky: With Bank of America the latest bank to grind its heels on the necks of patriots who paid for its bailout, something powerful and profound is happening in America.

What to Do with the Anti-Government Outrage

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Adam Eran: The real outrage is that private banks receive far more money than any social safety net program would need, but the proposed cuts impact only safety net programs.

The Bailed-Out Bankers’ Boys

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Brent Budowsky: Rick Perry’s impersonation of Ron Paul is caused by Perry’s panic while his campaign collapses, while terrified Republicans try to entice the freshman governor and unqualified Chris Christie to enter the race.

A President Standing In Quicksand

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Joseph Palermo: Obama and the Democrats are in trouble politically not because they did too much to help hurting Americans, but because they did too little.

Fed Policy Needs a U-Turn

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Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.

Democrats Must Push Back

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Norman Solomon: Call me old-fashioned, but I believe in the vital lessons of the New Deal. Many millions of good jobs must be created — and that will require well-funded federal jobs programs on a large scale.

The Shameful Murder of Dodd Frank

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Robert Reich: Wall Street has effectively neutered the Dodd-Frank law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.

The Rich Are Destroying the Economy

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Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?

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