Republican Double-Dip: What Must Be Done

bull market

Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.

Ransom Paid

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Robert Reich: Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.

This Jobs Crisis Is Obama’s Kryptonite

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David Love: Obama can solve this whole thing tomorrow if he just calls for a new New Deal program already. But will he have the courage? Time will tell, but the President, like this sad nation, is short on time.

We’re in a One-and-a-Half Dip Recession

better jobs

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?

Obama Must Take Charge

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Robert Reich: Obama has no ass to kick until he’s in charge. Obama should take over BP’s rescue operation. That’s the only way the public can be sure all necessary resources are being put to the job, that public risks are being properly weighed, and it’s getting the truth.

LA Progressive Articles — May 30 to June 5, 2010

Articles by Norman Solomon, Sherwood Ross, Michaelangelo Price, Tina Dupuy, Tim Gatto, Georgianne Nienaber, Robert Illes, Lawrence Wittner, Seth Hoy, Ivan Eland, Shamus Cooke, Robert Reich, Linda Milazzo, Tom Degan, Ivan Eland, William Lambers, Michael Sigman, Anthony Samad, Michael Sigman, Jim Fuller, Andrea Nill

A Double-Dip Recession Coming?

wall street

Robert Reich: The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can’t continue much longer without igniting speculative bubbles), and replacements (consumers have had to replace worn-out cars and appliances, and businesses had to replace worn-down inventories). Oh, and, yes, all those Census workers (who will be out on their ears in a month or so).

Skewed Wealth Distribution and the Roots of the Economic Crisis

david barber

David Barber: What I do know is that while “social psychology” may have had some small role as a causal factor in the Crash of ’08, it was the actual structure of the American and world economies which brought on the crisis. And if in fact we enter a second round of this Crash, it will not stem from what Dr. Shiller calls a “weakness and vulnerability of confidence,” but will result from the same structural elements of our economy as those that brought on the “first dip.”

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