Don’t Cut Social Security: Double It

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Steven Hill: An expansion of the Social Security retirement system — one of the most successful and popular social programs in American history — that converts it into a more robust retirement system would build upon the most stable component of the current system.

What Small Businesses Need

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Caitlin Vega: It’s time to stop using this economic downturn to take away workers’ rights, eviscerate environmental protections or slash our safety net. Let’s get real about what we need to move California forward. It’s all about the jobs.

Manipulating Obama: Moving Left

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Anthony Samad: At the end of the day, Obama is going to have to look in the faces of his various bases, not those that voted for him because they didn’t have a better choice (they are already gone), but those who really believed in what he was trying to do.

What Now for the Unraptured?

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Tom Hall: How perfect can heaven be, with 200 million new souls crowding into a facility designed by He who designed a world with shifting tectonic plates, ozone holes and republicans?

Shock Wave Coming

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Brent Budowsky: The economic and political shock wave will be momentous as budget politics will increase joblessness and reveal with brutality that Washington is out of touch with heartland America and dominated by special interests that voters deplore.

Obama’s Summer of Discontent

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John Peeler: Overall, Obama has been successful as the leader of Washington. Where he is failing is as the leader of the country. That’s a surprise, given his short political career, and his very impressive rhetorical skills.

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.”

The Oil Next Time

oil spill

Robert Illes: So in the spirit of not letting any national calamity go to waste, the Republicans and their media mouthpieces have doggedly tried to hang the spill baby spill around the current President’s neck: Obama’s Katrina? read the graphics beneath the Fox “news” propagandists.

These Foliticians Are America’s Problem

oil spill

David Love: To be sure, the BP accident is an environmental threat that speaks to the deadly serious pitfalls of off-shore drilling. But it is also a crisis of bad political intentions, from the right-wing lobbyists such as FreedomWorks that worked with BP to push for more oil drilling, to the corporate lackeys at the 2008 GOP convention who shouted “drill baby dril.” Let’s not forget former Vice President Dick Cheney, who championed deregulation of the oil industry with his energy task force, and whose companyHalliburton figures prominently in the oil rig disaster.

Generations

Generations

Joseph Palermo: he Boomers have contributed so much to the world and transformed it in so many amazing ways — technologically, sociologically, emotionally, etc. (made possible by the investments in education of their parents) — Yet they’ve decided to let their children fend for themselves. They’ve so failed us. The Boomers have made more money collectively than any generation in human history but they appear intent on hogging it all.

Massachusetts: Timidity of Hope Won’t Cut It

Democrats Need Spine

Joseph Palermo: The Obama Administration cut far too many deals with the same corporate special interests that have dominated Washington since the Reagan years. Obama watered down his agenda. The Democratic base stayed home. The Republicans were energized beyond belief. And the Democratic candidate in a Democratic state lost the “Lion of the Senate’s” seat.

Experts Wrong: Newsom Clear Beneficiary of Villaraigosa Non-Entry

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According to the San Francisco Chronicle’s Matier & Ross, nearly all of the political experts they consulted felt that California Attorney General Jerry Brown would gain more than Gavin Newsom from the non-entry of Los Angeles Mayor Antonio Villaragosa in the 2010 Democratic race for Governor. Not to be too blunt, but this analysis is [...]

Does the Obama Plan for Reforming Wall Street Measure Up?

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In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead [...]

California’s Death Throes: A View From Sacramento

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California Governor Arnold Schwarzenegger and his Republican colleagues are using the trauma of the economic collapse and the record state budget deficit to implement policies they’ve been advocating for years. “This budget ought to be solved in one chunk, at one time,” the governor says, “and let’s do it quickly.” As usual, the working poor [...]

The Great Debt Scare: Why Has It Returned?

broken economy

It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make [...]

Stimulus Mania: Is It The 21st Century Soup Line?

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The efforts to jump start the economy in the United States, in hopes of causing a global ripple, have taken on an entirely new meaning as people and industry alike wait for the $787 billion dollar economic stimulus package to drop. It’s like a “mania” as so many cities, states, industries, school districts, homeowners, small [...]

We Can Stop Our Businesses From Moving Out

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Long before I saw her walking her dog that morning or the guy who was jogging, or that couple move in down the street, I concluded that one way or another, my neighborhood was going to change. I just wasn’t expecting it so soon or for Black people to play such an active roll in [...]

We Need More Stimulus, Not More Bailout

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With only $110 billion remaining in the TARP bailout fund, all signs are that Tim Geithner is preparing to return to Congress seeking more bailout money. He’ll bring along the results of his bank “stress tests,” which will probably show many that big banks are still technically insolvent, along with bankruptcy scenarios for General Motors [...]

Nationalizing Banks and Industry: Why Capitalists Hate Socialism

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The United States has always been a political economy, requiring government regulation of its finance and money markets, and using government stimulation on its labor force. “Free Market” enterprise is based on the notion that open markets and the competition derived from competing ideas for consumer patronage will create a market balance (equilibrium) that will [...]