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.

Fuel Prices: How Much Blame Does Obama Merit?

obama gas prices

John Peeler: The Republican attack on Obama over gas prices at the pump is quite a strange line of attack from people who are incessantly demanding a return to untrammeled free markets. Do they really want Obama to impose price controls?

The Last Campaign of Richard Nixon

richard nixon

Devin Griggs: The parties might be reversed and the cultural issues of the 1970s flipped, but American politics since the Nixon-McGovern race has remained fairly fixed and share all of the rhetoric and even less of the substance that once defined American politics.

The Rich Are Destroying the Economy

bank-robbery

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?

LA Progressive: August 8 to 15, 2010 — Articles

Articles by Robert Reich, Anthony Samad, Walter M. Basch, Ron Wolff, Randy Shaw, Ted Vaill, Randy Shaw, Steve Hochstadt, Gary Corseri, Georgianne Nienaber, Tina Dupuy, Sharon Kyle, Seth Hoy, Marian Wang, Ivan Eland, Jasmyne Cannick, Howard Roth, Katherine Smith, Michael Sigman, John Summers, Denis Campbell, Norman Solomon, Peter Dreier, Diane Lefer, Andrea Nill, Joseph Palermo, Jim Fuller, Gautam Dutta, Wais Hassan, and Aqeela Sherrills

A Double-Dip Recession Coming?

wall street

Robert Reich: The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can’t continue much longer without igniting speculative bubbles), and replacements (consumers have had to replace worn-out cars and appliances, and businesses had to replace worn-down inventories). Oh, and, yes, all those Census workers (who will be out on their ears in a month or so).

Bush Recession Comes Home to Roost

tax chart

Adam Eran: Tax cuts caused the current budget deficit, not crazy spending. Local government revenues fell 57% after Proposition 13. Even more egregious, the consume-atives™ (they do not conserve), now complain that State funding for local governments to fill that revenue hole meddles too much in local affairs.

Friday Feedback: Whither Sustainability?

Friday Feedback: “How do we take seriously his advice to deemphasize material consumption?” ANSWER: By personally taking seriously his advice -getting kicks from living life, not collecting or wasting goods. In some cases new technology is already massively helping: instead of humongous material resources to move people or goods, we can much more readily move information.

The Future of American Jobs

Jobs

Robert Reich: The Great Recession has accelerated a structural shift in the economy that had been slowly building for years. Companies have used the downturn to aggressively trim payrolls, making cuts they’ve been reluctant to make before. Outsourcing abroad has increased dramatically. Companies have discovered that new software and computer technologies have made many workers in Asia and Latin America almost as productive as Americans, and that the Internet allows far more work to be efficiently moved to another country without loss of control.

McClintock Press Secretary Slams Eran, Eran Talks Back

Congressman Tom McClintock

Adam Eran: Bill George, the press secretary for Congressman Tom McClintock protests that in some previous editorials, I’ve maligned his boss with “utterly preposterous charges.” Unfortunately, I’ve done my homework, and Mr. George’s specific answers are either wrong, or misleading.

LA Progressive: November 1 to 7, 2009 — Articles

HR 3962 Passes After Generations of Americans Ignored. Last night, the House of Representatives passed the Affordable Health Care for America Act, H.R. 3962.  It’s being touted as a major step forward but for those who support Single Payer, it is anything but. -Sharon Kyle Stop US Meddling: Support Afghan Women at the Table. No [...]

The Auto Bailout: A Bad Deal

obama-detroit

With the economy tanking and unemployment skyrocketing, you’d think the Obama administration would be doing all it could to save jobs. But if its auto bailout plan is any indicator of its current direction, we’re on our way to losing a lot more jobs.

This Week in The LA Progressive: March 15 to 21, 2009

Averting the Greater Depression The Rich Countries’ Faltering “United Front.” During the 1930s, Europe and the U.S. were also unable to agree on a common strategy, which led to a worldwide trade war and the plunge into depression. –Carl Bloice Economic Recovery Will Be More than Trusting President Obama’s Stimulus Plan. But then, this economic [...]

Economic Recovery Must Include Transit

broken-road

ongress is poised to vote on a massive “Economic Recovery” proposal to invest billions in new transportation infrastructure. At a time when roads and bridges across the country are crumbling and public transportation systems are scrambling to keep up with booming demand, Congress is right to recognize the need for investment that will increase our [...]

Making Education a Centerpiece of Obama’s Rebuilding Plan

dunce-cap

by Tom Hall – Amidst all the talk from both conservatives and “progressives” about how President-elect Obama’s cabinet and economic-recovery choices are destroying either the nation or his own commitment to progressive ideas, it might be useful to think about Georgia Congressman, Paul Broun, who identified President Obama as a Marxist, communist, socialist, fascist.

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.

How Obama Is Already Taking Charge

by Robert Reich – Obama’s immediate challenge is to fill the leadership vacuum created by a lame-duck president with historically-low approval ratings who seems to have lost interest in his job (at this writing, he’s out of the country) and who’s disappeared from the media, and a Treasury chief who has all but punted on [...]

Prescription for an “Ailing” Industry: Take It Over

by Carl Bloice – It is hemorrhaging fast and no end to the blood-letting seems to be in sight. No question, something has to be done about the auto industry. But what?

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