Robert Reich: Chalk up a big part of Europe’s slowdown to the politics and economics of austerity. Europe – including Britain – have turned John Maynard Keynes on his head. They’ve been cutting public spending just when they should be spending more to counteract slowing private spending.
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.
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.
Robert Reich: The nation and Oba,ma remain hostage to the ideology of right-wing Republicans who won’t let the government spend more money. Yet if the government can’t spend more – at least this year and next, until the pump is primed and the economy is growing again – we won’t see job growth. And without job growth, the economy will remain anemic.
Mariah Adin: As a record number of Americans live below the poverty line to claim that poor children are doing well because they grow up to be “one inch taller and 10 pounds heavier than the GIs… in World War II” or that “the poorest Americans today live a better life than all but the richest persons a hundred years ago” only serves to show how awful it was one hundred years ago, not how wonderful it is today.
Michele Waslin: Immigration restrictionists argue that imposing a mandatory employment verification system will ensure that unauthorized workers are not able to get jobs in the U.S. and will choose to leave, leaving millions of jobs wide open for unemployed U.S. citizens. Of course, this ignores the facts.