Think First About the Unemployed, Not the Politicians … and Act

unemployed

What’s happening to the lives of the legions out of work – particularly the young men and women – has to take second place to the fortune of the President and his party. The human crisis would be real regardless of who is in the Oval Office and is what should move the President and the Congress to do the right thing.

Half Measures and Lukewarm “Reform” Won’t Save the Middle Class

liberty

The 30-year class war the rich launched against the working people in this country (and reached its apogee during the George W. Bush years), has left the middle class reeling and wounded. Only bold federal action that puts something concrete in the palms of middle-class Americans can begin to turn these dire social conditions around.

Does the Obama Plan for Reforming Wall Street Measure Up?

evasive-money

In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead [...]

The Great Debt Scare: Why Has It Returned?

broken economy

It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make [...]

Sorry Folks: Happy Days Are Not Here Again

stressed-banks

“Demonizing the bankers as if they and they alone created the financial meltdown is both inaccurate and short-sighted,” Citigroup chairman Richard Parsons told reporters recently. “Everybody participated in pumping up this balloon and now that the balloon has deflated, everybody has some part in the blame.” Oh no we don’t. Talk about dissembling. The truth [...]

Unreliable Immigration Data Is Out of Date and Context

andrea_nill

Newspaper and television are running a narrow story quoting out-of-date and out-of-context data prepared by the immigration restrictionist group, the Center for Immigration Studies (CIS), who is alleging that 300,000 “illegal immigrants” will benefit from jobs created by the recently-approved economic stimulus plan. Unfortunately, these stories provide no counter-analysis from other research groups or experts [...]

Ensure Stimulus Funds Reach the CSU System

college student

The faculty in the California State University are deeply concerned about the rapid decline in the ability of our nation’s largest four-year university system to deliver higher education to all eligible students. Our public university system is staggering from deep cuts to state funding already made this year, last year, and earlier this decade. Now [...]

Neo-Confederacy Erupts with Governors’ Rejection of Stimulus Money

southerngovernors

Southern Republican Governors Haley Barbour of Mississippi, Bobby Jindal of Louisiana, Rick Perry of Texas, and Mark Sanford of South Carolina are making noises about “refusing” federal dollars from President Barack Obama’s economic stimulus package. They are posturing in a way reminiscent of an earlier generation of Southern governors who stood for “states’ rights,” which [...]

Republicans: Spare Me Your Newfound “Fiscal Responsibility”

recession-republicans

At his press conference on Monday, President Barack Obama had to remind Mara Liasson of Fox News and NPR that it was the Republicans who doubled the national debt over the past eight years and it’s a little strange to be hearing lectures from them now about how to be fiscally responsible. That interchange was [...]

Retro-Hooverites All

bridge collapse

e’re lucky the Democrats have large majorities in Congress because every Republican member of the House of Representatives voted against the $825 billion stimulus bill today. The vote was 244 to 188, with 11 like-minded Democrats joining in the betrayal. Even a face-to-face meeting with the President on Capitol Hill failed to sway any of [...]

Obama Can Learn From Jimmy Carter, Too

jimmy_carter

Jimmy Carter was the last president to ask the nation for collective sacrifice. Barack Obama ought to do the same. How should he do so? He should ask Congress to approve an economic stimulus plan and then specifically outline the sacrifices Americans will have to make over the next four years to achieve the national [...]

The Stimulus: How to Create Jobs Without Them All Going to Skilled Professionals and White Male Construction Workers

construction_workers

The stimulus plan will create jobs repairing and upgrading the nation’s roads, bridges, ports, levees, water and sewage system, public-transit systems, electricity grid, and schools. And it will kick-start alternative, non-fossil based sources of energy (wind, solar, geothermal, and so on); new health-care information systems; and universal broadband Internet access. It’s a two-fer: lots of [...]

Stimulus Plan: The Need and the Size

sinkingeconomy

The core problem we face is not access to capital. The Treasury has already flooded Wall Street and the banking system with money, committing nearly $350 billion; the Federal Reserve Board has exchanged Treasury bills for some $2.2 trillion of troubled assets; other agencies, such as the FDIC, have guaranteed trillions more. But there has [...]

How I Intend to Spend My $600 Stimulus Package Allowance

Later this week, each taxpayer in this country will be receiving their portion of the economic stimulus package that was passed by what can only be described as the combined stupidity, irresponsibility, and corruption of our executive and legislative branches. Granted there were those who tried valiantly to craft a just and effective package but [...]

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