One Week in Polite and Egalitarian Japan

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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.

The Need for a Progressive Alternative

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Robert Reich: Without bold alternatives, Americans desperate for big solutions are attracted to bold crackpot ideas like Herman Cain’s “9-9-9” proposal, which would raise taxes on the poor and cut them for the rich.

Is Consumer Capitalism Outdated?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.

Occupy Wall Street: Separating Fact from Media

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Walter Brasch: Even the most oblivious recognize the protestors as a large cross-section of America. They are students and teachers; housewives, plumbers, and physicians; combat veterans from every war from World War II to the present.

Why Conservatives Need to Support the #OccupyWallStreet Movement

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David Love: Conservatives proclaim that they believe in freedom and the free market. But freedom never meant the right of a handful to steal most of the nation’s wealth, run roughshod over the rest of us and wreck the country for a buck.

Governor Jerry Brown Signs Immigration Bills that Help, Not Hurt, California’s Economy

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Seth Hoy: With an increasing unemployment rate of more than 12%, California legislators concluded that it “must pursue all avenues in facilitating and incubating job development and economic growth.”

Can Republicans Cure the Jobs Crisis?

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Steve Hochstadt: Republicans believe that continuing high unemployment will bring Obama down, so they want to preserve what they feel is their winning card: a bad economy.

Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street

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Robert Reich: Republicans and Wall Street executives who continue to yell about Dodd-Frank overkill are dead wrong. The fact no one seems to know Morgan’s exposure to European banks or derivatives – or that of most other giant Wall Street banks – shows Dodd-Frank didn’t go nearly far enough.

History and Double-Dip Recessions

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Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.

What to Do with the Anti-Government Outrage

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Adam Eran: The real outrage is that private banks receive far more money than any social safety net program would need, but the proposed cuts impact only safety net programs.

“Jobs Creators” Brand Tarnished

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Joseph Palermo: Even hardcore capitalists are displaying a lack of faith in U.S. economic leadership, compounding the legitimacy crisis that has already engulfed millions of less exalted members of the global community.

America’s Love Affair with Libyan Oil

Craig Williams: Libya actually has a special relationship to Californians and played an important role in our growth spurt during the 60’s and 70’s.

Lamar Smith’s E-Verify Arguments Defy Logic

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Michele Waslin: Studies have shown that E-Verify is deeply flawed. Not only does it fail to detect unauthorized workers over half of the time, but it would erroneously flag millions of U.S. citizens and legal workers as not being work authorized.

How to Create More Jobs By Lowering Wages: Texas and America

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Robert Reich: Perry and Romney can duke it out over who created the most jobs, but governors have as much influence over job growth in their states as roosters do over sunrises.

War: Fiscal Stimulus of Last Resort

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Ellen Brown: Diverting a portion of our massive war spending to peaceful use could add jobs, improve living standards, and add infrastructure, while reducing the national debt and balancing the government’s budget by increasing the tax base and government revenues.

The Oddness of the President’s Upcoming Deficit-Reduction Plan

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Robert Reich: When unemployment is still in the stratosphere, it would be insane to start cutting the deficit by $3 trillion to $4 trillion. That would push unemployment into outer space.

S&P: So What!

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Mark Pash: Ongoing investigations by the SEC and Justice Department, Congress and federal regulators who are looking at ways to implement the Dodd-Frank Act, which contains provisions aimed at reducing the raters’ role in the financial system.

Inequality: The Real Cause of America’s Economic Woes

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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.

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Immigrant Laborers Strengthen American Workforce, Economy

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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.

Jobs: A Grand Bargain

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Brent Budowsky: Great presidents know the difference between empty public gimmicks and game-changing public policy. They demand creative ideas, not mediocrity or defeatism, from those who advise them.

The City of Second Chances

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Julie Gutman: On Labor Day, Let’s Celebrate L.A.’s Status as a Bastion of Human, Immigrant and Workers’ Rights

Blacks and Latinos Will Suffer When the Student Debt Bubble Bursts

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David Love: There is every indication that the bursting of the student debt bubble, like the housing bubble before it, is imminent. And when it happens, it will send shockwaves throughout the financial markets. People of color will be especially vulnerable.

Fed Policy Needs a U-Turn

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Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.

Protests, Not Parades, This Labor Day

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Robert Reich: Labor Day is traditionally a time for picnics and parades. But this year is no picnic for American workers, and a protest march would be more appropriate than a parade.

Stock Tip: Be Worried. Workers are Consumers.

Iranian medical delegation at the Agent Orange conference in Hanoi.

Robert Reich: Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they’re shooting themselves in the feet. Where do they expect demand for their products and services to come from?

The Right to a Job

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Herb Engstrom: At this time of TEA Party hysteria, Fox News mendacity, and GOP hypocrisy a government guarantee of universal employment might seem like a radical idea, although it seemed not to be so to Franklin Roosevelt.

How Not To Talk About Financial Panics: New Rules For Pundits

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James Livingston: Never act like you know what will happen next. You don’t, and nobody else does either. In fact, nobody knows what just happened.

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Latinos Support Raising Taxes on Wealthy

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Pilar Marrero: According to our poll, Latino voters are also almost completely opposed to balancing the budget following the formula of the GOP and the Tea Party: only budget cuts.

Stock Market Crash: What are the Politics Behind It?

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Robert Brent Toplin: Conservatives often tout the benefits of “free” markets, but in practice, market fundamentalism has produced a troubled history.

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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.

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