Shamus Cooke: Unions and progressive groups must educate and mobilize their base to confront both the Democrats and Republicans over the protection of Medicare, Medicaid, and Social Security. However, it is not enough for only the leaders of unions and community groups to pressure the Democrats over this issue, especially when Obama has made it clear that he prefers the advice of Wall Street CEOs.
Robert Reich: The economic lesson President Obama ought to be teaching is that targeted tax cuts, mostly for small business, are good to the extent they give businesses a nudge toward creating more jobs. But businesses won’t begin to create lots of jobs until they have lots of customers. And that won’t happen until lots more Americans have work. The only way to get them work when businesses aren’t hiring is for government to prime the pump.
Obama still has time to deliver for his base. But this will require activists and constituency groups to ramp up public demands for such a course, rather than thinking they are helping the progressive cause by making excuses for a president whose inspirational words about social transformation have not been matched by actions.
During a White House meeting in early 1984, Ronald Reagan shocked economic adviser Martin Feldman in insisting that no tax increase in US history had raised revenue. The eminent Harvard economist penned him a memo proving that every increase in tax rates from 1917 to 1969 had actually done so.
If Obama and the Democrats lose one or both houses of Congress in the midterms, it will be because the president learned only the most superficial lesson of the Clinton years. Health-care reform is critically important. But when one out of six Americans is unemployed or underemployed, getting the nation back to work is more so.
Budget Obama Rescuing Capitalism: That’s a Lot of Weight for One Brother. Obama is present at the re-creation of the global economic system. “It is a challenge he has to take up,” Like I said, that’s a lot of weight. –Carl Bloice Is Obama Responsible for Wall Street’s Meltdown? Where Populist Rage Is Heading. The [...]