More Money But a Sicker Planet?

global marshmallow

Walter Moss: We tend to forget or marginalize environmental problems while putting to the forefront more immediate concerns like money or whatever stories our media tells us are most important

Double Whammy: Grim Jobs Picture, Horrible “Grand Bargain”

grim jobs picture

Carl Bloice: The Congressional Progressive Caucus budget that is far more sensible and humane than anything the White House is proposing. But since the “serious” people in Washington don’t cotton to it, the serious mainstream media won’t give it the time of day.

How Inequality Kills Growth

comic mitch

Claude Fischer: To the extent that facts matter in such a politicized debate, it is becoming increasingly clear that equality rather than inequality is a better policy for economic growth.

Obama & the Democrats Sending Mixed Messages about the Catfood Commission

President Obama and Secretary Clinton at State Department (White House photo by Pete Souza)

Carl Bloice: The words of a party’s platform and the declarations of its candidate don’t mean much in the real world of political wheeling and dealing.

Basic Facts about Taxes

lasso the rich

Steve Hochstadt: One obvious conclusion is that high, even very high tax rates on the wealthiest taxpayers do not impede economic growth.

Founding Wisdom

jefferson mount rushmore

Nick Capo: According to Jefferson, freedom and liberty rely on the existence of an educated citizenry, one difficult to manipulate, while economic growth relies on the continued advancement of human knowledge.

The Stall Has Arrived

black unemployment

Robert Reich: @idening inequality is the underlying culprit. As long as almost all the gains from economic growth continue to go to the top, the vast middle class doesn’t have the purchasing power to boost the economy on its own.

Whose Recovery?

obama boeing

Robert Reich: The reverse-Robin Hood budget plan just announced by Paul Ryan and House Republicans (and endorsed by Mitt Romney) would make the lopsidedness far worse – dramatically cutting taxes on the rich and slashing public services everyone else depends on.

One Week in Polite and Egalitarian Japan

Bonsai Tree Nature Environment

Steve Hochstadt: If the US enters a long period of stagnation, our stark social inequalities may become less tolerable, as both the rise of the Tea Party and the Occupy Wall Street demonstrations already show. More egalitarian Japanese society may be better placed to deal with lack of growth.

Is Consumer Capitalism Outdated?

Walter Moss: If consumer capitalism is indeed replaced by a new economic structure, many capitalist bricks may still be needed for any new construction. Whether we choose to attempt new building or just apply a little patching here or there is up to us.

Financial Regulation Kills Jobs? Perhaps Not

Marian Wang: But separate from the jobs created to actually handle new regulation, others have pointed out that regulations can have a long-term, positive effect on overall economic growth by preventing the types of crises that put an industry on life-support.

Inequality: The Real Cause of America’s Economic Woes

GOP-and-CEO-pay-wide

Robert Reich: During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged.

Pages: 1 2 3

Immigrant Laborers Strengthen American Workforce, Economy

workers statue

Michele Waslin: While immigration restrictionists have long tried to demonize immigrant workers and blame them for high unemployment rates and other economic woes, the facts make it clear that immigrants actually create jobs and businesses and boost the wages of native-born workers.

Why Obama Can’t Pivot to Jobs

obama-gop-brink-wide

Robert Reich: The nation and Oba,ma remain hostage to the ideology of right-wing Republicans who won’t let the government spend more money. Yet if the government can’t spend more – at least this year and next, until the pump is primed and the economy is growing again – we won’t see job growth. And without job growth, the economy will remain anemic.

We Need to Rethink the Morality of the Economy

Greed16

James Livingston: Why can’t the liberal Left answer the Right when budget deficits are the issue? Why are Democrats, Obama included, so eager to reduce spending on so-called entitlements?

The Limits to Growth and the Growth of Despair

Arguimbau-wide

Nicholas C. Arguimbau: Economic growth is bad for the economy. Or more acccurately stated, it is bad for individuals, good for the managers of large corporate and govenmental institutions and large NGOs.

Obama Is in Latin America, in Case You Missed It

obama-family-brazil-wide

Mario Solis-Marich: The allure of the consistently dramatic developments in the Middle East has suckered the US media into believing the neocon view that our most important alliances lie across the sea.

The Big Lie

death panels

Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.

Reconsidering Japan…Reconsidering Paul Krugman

krugman

Steven Hill: No one has been more influential in defining this narrative than New York Times columnist and Nobel Prize-winning economist Paul Krugman.

Why We Should Beware Budget-Deficit Mania

Erskine Bowles and Alan Simpson

Robert Reich: The first draft of the President’s deficit commission, written by its co-chairmen Erskine Bowles and Alan Simpson, is a pastiche of ideas – some good, some dumb, some intriguing, some wacky. The only unifying principle behind their effort seems to be to throw enough at the wall that something’s bound to stick.

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.

The Economic Fallacy of ‘Zombie’ Japan

happy worker

Steven Hill: Paul Krugman and others have got Japan wrong: Americans should be so lucky as to get a Japanese-style lost decade

Why Growth Is Good

double dip recession

Robert Reich: If governments keep hacking away at their budgets while consumers almost everywhere are becoming more cautious about spending, global demand will shrink to the point where a worldwide dip is inevitable.

New Study Estimates Mass Deportation of Undocumented Immigrants Would Cost $285 Billion

Arrest

Andrea Nill: Friday, the Center for American Progress (CAP) released a report estimating that a strategy aimed at deporting the nation’s population of undocumented immigrants would total approximately $285 billion over five years. According to the report, a deportation-only policy would amount to $922 in new taxes for “every man, woman, and child in this country”

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.

The New Employment Numbers: Things are Worsening More Slowly

unemployed

So let’s be grateful that the economy is getting worse more slowly than it was. But don’t be lured into thinking we’re ever going back to where we were. Most of the jobs that have been lost are never coming back.

What is Cap and Trade?

According to the Environmental Protection Agency (EPA), Cap and Trade is an environmental policy tool that delivers results by placing a mandatory cap on emissions while providing sources flexibility in how they comply. Successful cap and trade programs reward innovation, efficiency, and early action and provide strict environmental accountability without inhibiting economic growth. In other [...]

Is Economic Growth a Delusion?

banks

Unemployment reached 8.5% in March of this year, but add in the once full-time, now part-time laborers, it may be as high as 15%. Yet my fellow rail commuters somewhere between New Haven and Grand Central Terminal think they smell recovery. As one salesman put it to me, “things will come back–even better than they [...]

Related Posts Plugin for WordPress, Blogger...