Teaparty.org: Stuck in 2008, Still Demented

obama and boehner

Julie Driscoll: Although it’s not really necessary to “know the enemy” (since our enemies have already outed themselves as idiots and numbskulls hugging their guns and building underground bunkers), it’s on sites like teaparty.org where true radical right-wingers are born, bottle-fed, nurtured and set free to wreak havoc.

The Myth That Japan Is Broke

tokyo bank

Ellen Brown: The Japanese government’s debt is the people’s money. They own each other, and they collectively reap the benefits.

How Europe’s Double Dip Could Become America’s

europe austerity budget

Robert Reich: Republicans have become the U.S. party of Angela Merkel, demanding and getting spending cuts at the worst possible time – and ignoring the economic and social consequences.

The Gas Wars

oil wars

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.

My Political Prediction for 2012: It’s Obama-Clinton

obama clinton ticket

Robert Reich: Obama needs to stir the passions and enthusiasms of a Democratic base that’s been disillusioned with his cave-ins to regressive Republicans. Hillary Clinton on the ticket can do that.

Europe’s Central Bank Fiddles While Rome Burns

eurozone crash

Ellen Brown: The burgeoning debts of the Eurozone countries are being blamed on their large welfare states, but these social systems were set up before the 1970s, when European governments had very little national debt. Their national debts shot up, not because they spent on social services, but because they switched bankers.

European Debt Crisis: A Problem of Political Will

eurozone

Iwan Morgan: the current crisis shows that unity in the face of economic and financial crisis is far more difficult for a 17-member club of nations than for a union of 50 states under one government.

Trigger Deficit Cuts When Unemployment Drops to 5 Percent

supercommittee

Robert Reich: So the best of all worlds is to have a big jobs plan now, and also commit to automatic cuts triggered when unemployment falls to 5 percent.

Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street

greece-economy-wide

Robert Reich: Republicans and Wall Street executives who continue to yell about Dodd-Frank overkill are dead wrong. The fact no one seems to know Morgan’s exposure to European banks or derivatives – or that of most other giant Wall Street banks – shows Dodd-Frank didn’t go nearly far enough.

Why This Is Exactly the Time to Rebuild America’s Infrastructure

minneapolis bridge collapse

Robert Reich: Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation’s infrastructure. Problem is, too many in Washington have less than half a brain.

Stock Market Crash: What are the Politics Behind It?

lousy-tshirt

Robert Brent Toplin: Conservatives often tout the benefits of “free” markets, but in practice, market fundamentalism has produced a troubled history.

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Slouching Toward a Double Dip, For No Good Reason

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Robert Reich: We are slouching toward a double dip because we’re getting the problem wrong. Despite what Standard & Poor’s says, notwithstanding what’s occurring in Europe, and regardless of U.S. budget projections years from now — our current crisis is jobs, wages, and growth. We do not now have a debt crisis.

Real Crises and Fake Ones

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Steve Hochstadt: Our economic disaster is not about national debt, but about national poverty. America cannot be a great country, if we do not alleviate the critical economic problems gripping our poorest families.

To Rebuild the American Dream, Put Pressure On Democrats

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Randy Shaw: A progressive coalition that claims to be “Bigger than the Tea Party” must hold Democrats accountable as effectively as conservatives do for Republicans .

Lost Decade?

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John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.

The Carnage on Wall Street

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Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.

Economic Powerhouse Germany

germany

Steven Hill: Germany has evolved a social capitalism which has proven to be more stable and efficient than America’s Wall Street capitalism, not to mention more ecologically sustainable.

Europe’s Challenge: “Out of Many, One”

european map

Steven Hill: Perhaps the challenge for Europe is to reinvent what “union” means, fashioning suitable institutions for the 21st century.

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

economy

Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.

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