President Obama: Please Raise My Taxes!

obamas on staircase

Ted Vaill: The Bush tax cuts decreased the top personal income tax rate from 39.6% to 35%. A hypothetical millionaire who had $1,000,000 in adjusted gross income in each of the past 10 years benefitted by over $200,000. It is time for payback. Do it.

Latino Voters: How Obama’s Team Got 75%

gop latino outreach

Victoria Defrancesco Soto: Why did Latinos not only support, but support in such overwhelming numbers a candidate who has overseen such a troubling time for Latinos?

Downwardly Mobile Americans End Up Homeless

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Charley James: First they came for the working poor. Then they came for the lower middle class. Now, they are after the middle and upper middle classes. Next, they’ll come for the … 98-percenters.

Advertising, Our National Values, and Truth and Beauty

advertising

Walter Moss: What is it about our nation’s values that inclines us to be so accepting of advertising and all the falsity and ugliness that comes with it?

The Revolution Will Not Be Televised: Public Banking

revolution not televised

Ellen Brown: Why does there always seem to be enough money for military expansion, prisons, bank bailouts and tax cuts for the wealthy, but not enough for education—or for jobs, housing, healthcare, or old age pensions?

California State University: The Coming For-Profit Train Wreck

occupy sacramento

Joseph Palermo: Why should CSU administrators be paid more than the Governor of California, the Chief Justice of the Supreme Court, and even the President of the United States? Why isn’t the Chancellor termed out like California legislators and most other public officials?

Professionals Moving to Organized Labor

afl-cio

Sharon Kyle: Labor union membership has declined significantly in the United States over the last 50 years, but this segment of the labor market is booming.

North Dakota’s Economic “Miracle”—It’s Not Oil

ellen brown

Ellen Brown: North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008.

Vicious Cycles: Why Washington Is About to Make the Jobs Crisis Worse

republican-utopia-wide

Robert Reich: The only way out of the vicious economic cycle is for government to adopt an expansionary fiscal policy — spending more in the short term in order to make up for the shortfall in consumer demand.

The Devil Is in the “Debt”

ira chernus

Ira Chernus: When Republicans gather for their national convention in 2012, they’ll have to decide whether to imitate the Democrats of 1932 and focus on social issues — which are, to so many, issues of sin — or on the dollars and cents of the debt.

Tax Reform: Close the Bank of America-Size Loop Hole

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Tina Dupuy: The middle class and small businesses have been wrecked by “too big to fail” Goliaths who engaged in ethically reprehensible – yet shockingly legal practices.

Pushing Working People Down

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Jim Fuller: Probably the most obvious example so far of how the very rich are using this economic downturn to consolidate their power is the strike by 305 hourly workers at the Mott’s apple juice plant in upstate New York.

Beyond Unemployment Insurance in the Face of Structural Job Loss

Unemployed

Bob Letcher: Unemployment compensation was conceived as a temporary solution to a temporary problem, getting people through the down part of one cycle to the up part of the next cycle; not as a long-term solution to a long-term structural problem.

Schwarzenegger Affirms That Undocumented Immigrants Are Not To Blame For California’s Economic Woes

Arnie

Andrea Christina Nill: A study by Manuel Pastor of the University of Southern California found that immigration reform would increase California’s “state and local tax base by about $350 million in the short run.” A separate study by Raul Hinojosa of the University of California, Los Angeles similarly found that immigration reform which includes a path legalization could generate at least $1.5 trillion in added U.S. gross domestic product over 10 years.

The Innovation of Pilot Schools

lausd students

Maria Elena Durazo and Maria Brenes: Sadly, the promise of economic and social mobility via our public educational system is going unfulfilled for the children of poor and working class parents in the City of Los Angeles. The Los Angeles Unified District (LAUSD) whose student body is over 70% Latino and 11% African American must focus on stopping the drop-out crisis and addressing the lack of student preparation for college and the 21st century workforce.

Too Big to Fail Capitalism

Oil Wells

Craig Williams: Businesses are constantly in competition, but at some point, as they evolve, either one or a small group of companies often control most of market share. Combine that with a money-driven political system and you have industries too big to fail and a powerless population to weak to succeed.

New Report: Good Immigration Policy Creates a Stronger American Middle Class

Dobbs

In the midst of the worst economic downturn since the Great Depression, and in anticipation of a new round of legislative debates on comprehensive immigration reform, DMI’s report makes a rational, concise argument for why comprehensive immigration reform is needed to improve the conditions for middle class Americans.

Arnold Schwarzenegger: Tea Bagging California

arnold cuts budget

Just as many of the neo-cons seemingly cross their fingers hoping for a mass-casualty terrorist attack on U.S. soil because they see it as political gold for them, they’re also cheerleading for the economy to remain stagnant

Beyond Unemployment Insurance in the Face of Structural Job Loss: Whoever Said It Would Be Easy?

steel-mill

“The long memory is the most radical idea in America.” –Utah Phillips, as recalled by Amy Goodman I was reminded of Utah Phillips’ observation as I sat down to write this essay on how we approach public policy for dealing with unemployment during a time of mass unemployment. I intended to start off the essay [...]

Governor’s Mental Health Proposal Would Cause Irreparable Harm to Clients and Communities

Patricia Ryan

A broad coalition of mental health advocates Tuesday blasted Governor Schwarzenegger’s proposal to permanently reverse parts of the state’s landmark Mental Health Services Act (MHSA), saying the plan would harm the more than 600,000 individuals who rely on public mental health services, exacerbate the cash crunch counties face during this economic downturn, and seriously set [...]

Dem Bones Connected to De Debt Bone

rich-government

It is an understatement to say we are experiencing an unprecedented financial crisis along with our worldwide environmental crisis. Neither crisis needs an Austrian economist to explain it. We live in a consumer society and consumers “use things up.” In recent history, this useless, toxic “stuff” comes from China, and this sad state of affairs [...]

Thoughts on the End of a Hell of a Year

2009

The biggest thing to happen to me this year was the birth of my first grandchild, a little girl named Ella. I know this kind of thing happens all the time and frankly I get bored with people who go all gushy about the birth of kids or grandkids.

A New New Deal Must Be For ALL

rosieweb

by Eileen Boris, Lisa Levenstein, and Sonya Michel President-elect Barack Obama’s economic stimulus plan has provoked comparisons with Franklin Delano Roosevelt’s New Deal. Like Roosevelt, Obama is promising to pull the country out of a depression with massive job creation through infrastructure spending. But, like FDR before him, it looks as if Obama is on [...]

Bail Out the Big Three and Revitalize the Economy

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by John Paul Rossi – The other week, the appeal of the Big Three’’s executives for a $25 billion taxpayer bailout for their desperately ailing firms failed. Neither the fractious lame duck Congress, nor the Bush administration were willing to help.

Another Great Depression?

great-depression

The United States is in the midst of the worst financial crisis since the Great Depression. The question is: How close are we to another Great Depression? The answer is: Very close. Here’s why. The Great Depression was the result of the combination of the 1929 financial crisis and serious structural problems in the American [...]

Obama’s Challenges Are Unprecedented in U.S. History

Few incoming presidents have been left by their predecessors with as many challenges as Barack Obama. In fact, with the daunting terrain facing the incoming president, one wonders why Obama and John McCain even wanted the office. Other presidents facing an uphill task when taking office were (clockwise from upper left): George Washington, who had [...]

Herbert Hoover Redux

Herbert Hoover converted a mundane recession into the greatest economic disaster in modern history—the Great Depression. Unfortunately for all of us, George W. Bush is headed down that same path.

Desolate Highways and Heartbreak

Desolate Highway

The lonely highways of America will grow even more desolate as fuel prices continue to rise with no end in sight. Day by day, the number of “for lease” and “going out of business” signs escalate in communities throughout the country.

What the Lieberman-Warner Climate Change Legislation and the Selling of Indulgences Have In Common

Global Warming Cartoon

In the grand tradition of the savings and loan debacle of the 1980s, the mortgage-backed securities meltdown that currently threatens to undermine our financial markets, NAFTA, GATT, and the invasion and occupation of Iraq , our leaders in the Senate are once again preparing to hoist upon an unsuspecting public another catastrophe in the making. [...]

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