Let’s Hope for Continued Fiscal Gridlock

starve the beast

Ivan Eland: The good news is that if the committee can’t reach an agreement on the fiscal changes, or if Congress rejects its work, defense (including homeland security) and domestic programs have to take equal cuts.

Slouching Toward a Double Dip, For No Good Reason

fire-fighter-wide

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.

Republican Double-Dip: What Must Be Done

bull market

Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.

The Costs of War

black unemployment

Vijay Prashad: The drain of wealth to the war economy is a massive regressive taxation on the population: the rich who pay a much smaller proportion of their taxes and the corporations are insulated from the costs of war, and indeed some of them benefit from the windfalls of war.

Why Obama Can’t Pivot to Jobs

obama-gop-brink-wide

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.

‘Let Them Eat Cake’ 2011-Style

Marian Adin

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.

Understanding ‘Debtageddon’ Tuesday

duel-wide

Denis Campbell: Many economists predict a failure to act before Asia markets open Sunday or Monday night could see an immediate stock market loss of up to 5% and wipe out 10% of US GDP by Tuesday night. It’s that serious.

Don’t Fall for GOP “Budget Crisis” Lie

tea party trip

Robert Reich: Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.

7 Myths That Drive the Debt Ceiling Debate

budget-crisis-wide

Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.

Social Costs of Rising Unemployment

capitalism-wide

Sy Slavin: While economists and national policymakers discuss economics in coldly statistical terms, research has shown that social costs of economic downturns, particularly rising unemployment rates have personal and social costs not previously discussed.

Mandatory E-Verify Will Not Magically Solve Immigration Woes

magic rabbit

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.

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?

The Carnage on Wall Street

media-watchdog-wide

Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.

Where Have All the Jobs Gone?

judith stein

Judith Stein: If President Obama wants the United States to manufacture again, he must change foreign and domestic priorities. The United States is more committed to maintaining its open market than to providing jobs for Americans.

Obama Needs Demand-Side Solutions

obama-budget-wide

Robert Reich: Businesses are reluctant to spend more and create more jobs because there aren’t enough consumers out there able and willing to buy what businesses have to sell.

Back Toward Double Dip

obama-republicans-wide

Robert Reich: The Republican lie that the nation’s long-term budget deficit is responsible for high unemployment would be laughable if it weren’t so tragically irrelevant to the current situation.

How to Get Washington’s Attention

wall-street-follies-wide

Robert Reich: The leaders of the Street and big business may now have to wake up to a reality they’ve tried to avoid — that the central economic problem of our time isn’t the long-term budget deficit but the immediate deficit in aggregate demand.

Jobs: An Angry Dissent

jobless in america

Brent Budowsky: Never before in American history has unemployment been so high, yet neither the president nor Congress pushes for a major jobs bill.

The Rich Don’t Create Jobs; We Do

unemployed graduates

Tina Dupuy: “The rich create jobs” is a well-worn catch phrase from right-leaning political yappers who give this 1% all the credit when it comes to the financial health of the country. But the rich are not, in fact, the venerated “job creators.”

The Truth About the American Economy

Robert Reich: As we should have learned from the Great Prosperity — the 30 years after World War II when America grew because most Americans shared in the nation’s prosperity — we cannot have a growing and vibrant economy without a growing and vibrant middle class.

Depression for Blacks, Recession for Whites

chicago-ghetto-wide

Sherwood Ross: Instead of investing in a framework to help blacks advance by their own initiative, the Federal government has flushed billions down the toilets of friendly foreign strongmen such as Egypt’s Hosni Mubarek.

Related Posts Plugin for WordPress, Blogger...