Now Obama Must Lead

Brent Budowsky: America is a nation without leaders in an economy without jobs. We are a nation of citizens who hunger for action in a political system that refuses to act. We yearn for a president who will speak for the people of the nation with conviction, clarity, courage and compassion.

Obama’s Bold Jobs Bill (Maybe)

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Robert Reich: A bold jobs plan is also good politics. With more than 25 million Americans looking for full-time jobs, the wages of people with jobs falling, and an economy on the verge of a double dip, the President has to come out fighting on the side of average people.

Slouching Toward a Double Dip, For No Good Reason

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Robert Reich: We are slouching toward a double dip because we’re getting the problem wrong. Despite what Standard & Poor’s says, notwithstanding what’s occurring in Europe, and regardless of U.S. budget projections years from now — our current crisis is jobs, wages, and growth. We do not now have a debt crisis.

Republican Double-Dip: What Must Be Done

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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.

The Rich Are Destroying the Economy

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Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?

The Carnage on Wall Street

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Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.

Where Have All the Jobs Gone?

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Judith Stein: If President Obama wants the United States to manufacture again, he must change foreign and domestic priorities. The United States is more committed to maintaining its open market than to providing jobs for Americans.

Obama Needs Demand-Side Solutions

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Robert Reich: Businesses are reluctant to spend more and create more jobs because there aren’t enough consumers out there able and willing to buy what businesses have to sell.

How to Get Washington’s Attention

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Robert Reich: The leaders of the Street and big business may now have to wake up to a reality they’ve tried to avoid — that the central economic problem of our time isn’t the long-term budget deficit but the immediate deficit in aggregate demand.

The Wageless Recovery

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Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?

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.

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