Jack Welch Capitalizes on Collateral Damage

jack welch

JP Sottile: We can talk cavalierly about the “paranoid style in American politics,” but just beyond the Birthers and latter-day Red Scarecrows who populate the Tea Party and Rep. Allen West’s townhall meetings, there is a deeper, darker secret that we all basically know and lament.

The Politics of the Jobs Report

2012 election

Robert Reich: RBoth Obama and Romney assume the recovery will continue, even at a slow pace, and that we’ll be back to normal at some point. But I’m not at all sure. “Normal” is what got us into this mess in the first place.

The Stall Has Arrived

black unemployment

Robert Reich: @idening inequality is the underlying culprit. As long as almost all the gains from economic growth continue to go to the top, the vast middle class doesn’t have the purchasing power to boost the economy on its own.

The Zero Economy

obama sotu

Robert Reich: Every time you hear anyone say we’re “broke” or “can’t afford to spend more,” tell them we’ll be in worse shape if we don’t. If the economy remains dead in the water, the ratio of public debt to GDP balloons.

The Real News on Jobs

trickle-down-wide

Robert Reich: Conservative economists have it wrong. The underlying problem isn’t that so many Americans have priced themselves out of the global/high-tech labor market. It’s that they’re getting a smaller and smaller share of the pie.

The Jobs Report, and America’s Two Economies

looking for work

Robert Reich: With corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you’d expect jobs be coming back. But you’d be wrong.

Labor Day Past and Present

CEO Pay

Labor Day became a federal holiday in the United States in 1894. At that time, conflict between labor unions and the railroads had reached such a fever pitch that there was danger of the American economy taking a big hit. President Grover Cleveland took action by calling in the U.S. Military and U.S. Marshals to [...]

We’re Even Deeper in the Hole

Works Projects Administration

Robert Reich: An extraordinary number of Americans are still hurting. It’s more important than ever for the US government to step in with a larger stimulus that puts more people to work and tax cuts for people who will spend them

Continuing Bad Job Numbers Make It Harder — But Even More Important — to Pass Health Care Reform

Chart Mender

Robert Reich: In politics as in economics and love, timing is everything. Obama can’t wait much longer if he wants to convince waivering and worried conservative Dems to join him in a last ditch 51-vote reconciliation measure to get health care through the Senate. We’re already in the gravititational pull of November’s mid-term elections. But the economy is taking a longer time to turn around than anyone expected, and telling Americans the jobs numbers are getting worse more slowly isn’t exactly reassuring.

30 Days To Go …

Alright, so it’s been an unpredictable election year. When the primaries began, Hillary Clinton was the heavy favorite and John McCain was all but dead in the water with Fred Thompson’s entry in the race being eagerly awaited by conservative and moderate Republicans alike. And something may yet happen – the oft-cited, much worried about, [...]

The Black Jobless Picture – From Bleak to Bleaker & Out of Sight

Globe for a head cartoon

When I heard there was a sizable increase in black community joblessness between April and May I mentioned it to a few people and in return got that so-what-else-is-new? stare. “Every month, when unemployment rate data are released, the news for African Americans is bleak,” wrote educator Julianne Malveaux four years ago. Some things change, [...]