Joseph Palermo: The evidence is mounting that the 1 percent controls both of our major political parties. And now the corporate wing of the Democratic Party is getting pissy about the “tone” that its standard bearer is showing toward vulture capitalism?
Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.
Friday Feedback: Once again it is stated by Dr. Reich that education is the best way out of the recession and job loss problems faced by many Americans. This is at a time when states are cutting funding for education causing teacher layoffs, program cuts and an ever increasing sense of unease among parents of school-age children. Technical schools are seeing their enrollments rise as many recognize that their former occupation either no longer exists or exist at a markedly lower pay scale.