Brent Budowsky: On Thursday the staggeringly popular former president, who is known as the Comeback Kid, will appear in Ohio to talk about the great American economic comeback, alongside Bruce Springsteen.
Bill, Not Big Bird, to the Rescue
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Brent Budowsky: Obama should tell his story, and offer his narrative, about why people’s lives have gotten better in the first Obama term, which they have, and will get even better in a second Obama term, which they will.
Obama’s Debate Mission
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Brent Budowsky: Obama does recognize the pain that afflicts too many Americans, but he should also be the champion of an agenda of optimism, aspiration and achievement that will be the hallmark of a second Obama term.
Why Washington Isn’t Doing Squat About Jobs and Wages
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Robert Reich: The silence is deafening. While the rest of the nation is heading back toward a double dip, Washington continues to obsess about future budget deficits. Why?
Back Toward Double Dip
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Robert Reich: The Republican lie that the nation’s long-term budget deficit is responsible for high unemployment would be laughable if it weren’t so tragically irrelevant to the current situation.
Double Dip Here We Come
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Republicans, for their part, worry that if they tell it like it is Americans will want government to do more rather than less. They’d rather not talk about jobs and wages, and put the focus instead on deficit reduction (or spread the lie that by reducing the deficit we’ll get more jobs and higher wages).
As the Global Economy Trembles, Our Nation’s Capital Fiddles
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Robert Reich: In the past I’ve often wondered whether they’re knaves or fools. Now I’m sure. Republicans wouldn’t mind a double-dip recession between now and Election Day 2012.
The U.S. Economy in 2011
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Robert Reich: The two American economies — the Big Money economy and the Average Working Family economy — will continue to diverge. Corporate profits will continue to rise, as will the stock market. But typical wages will go nowhere, joblessness will remain high, the ranks of the long-term unemployed will continue to rise, the housing recovery will remain stalled, and consumer confidence will sag.
Meg Whitman, Job Killer
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Craig Williams: The countless ads by Whitman in the current California gubernatorial race lead most people to believe that she’s been creating lots of jobs. But when you take a close look at what her company EBAY actually does, on balance she may well be the jobs killer.
Why No Amount of Fiscal or Monetary Stimulus Will Be Enough
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Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).
Why There’s An Enthusiasm Gap: An Illustration
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Robert Reich: Super-rich financiers on Wall Street and top corporate executives have grown richer, though most Americans are getting poorer.
The Winds of Deflation
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Robert Reich: Consumers aren’t buying. They’re acting rationally. They’re worried about keeping their jobs, and they’re justifiably worried about the future.
We’re in a One-and-a-Half Dip Recession
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Robert Reich: The President should stop talking and acting on anything else – not the deficit, not energy, not the environment, not immigration, not implementing the health care law, not education. He should make the whole upcoming mid-term election a national referendum on putting Americans back to work, and his jobs bill. Are you for it or against it?
Retail Wars, Urban Sores: A New Jobs Project
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If we can defend democracy overseas we can rebuild our decaying Main Streets. This could be a building stimulus project both political parties could respect if we see it as a restoration after a retail business war.
Who Builds the Economy? Democratic Presidents Do!
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by Richard M. Mathews – I wrote recently about how Democratic presidents create many more jobs than do Republican presidents. What about the rest of the economy? I don’t want to talk down the economy as George W. Bush’s team did when he was running for president in 2000. They insisted that the economy was [...]
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