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
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Brent Budowsky: Never before in American history has unemployment been so high, yet neither the president nor Congress pushes for a major jobs bill.
Automakers’ Bailout and Bankruptcies Shortchanged Accident Victims
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Marian Wang: The U.S. Treasury still holds a stake in Chrysler that it intends to sell, and an Obama administration official has said that the government doesn’t expect to fully recover about $1.9 billion in remaining investments.
Depression, Not Recession Rocks U.S. Ghettos
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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.
Across-the-Board Spending Cut Proposals Go Mainstream
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Ivan Eland: Deep down, both Republican and Democratic politicians believe something needs to be done about the monstrous and dangerous deficit and debt, but they are scared to do anything because, unfortunately, the American people want their government handouts but are unwilling to pay for them.
The Battle for the Soul of the GOP
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Robert Reich: Tea Partiers have almost as much contempt for big business and the Street as they do for government. After all, the Tea Party was born in anger over the Wall Street bailout. This is the heart of the civil war in the GOP.
Made in the USA
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Brent Budowsky: Buy American. Each of us individually and together has the power to lift our land the way previous generations of Americans lifted America to defeat depression, prevail in war and soar to the moon in less than a decade.
Inside Job
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Tom Degan: What is incredible about this very important film is that a few of the perpetrators of this incalculable theft arrogantly sat down with the makers of the film for interviews that are as jaw-dropping as they are outrageous.
The Wageless Recovery
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Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?
A ‘To Do’ List for US Troops Now Arriving in Haiti
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Georgianne Nienaber: If indeed the US troops are in the country for “humanitarian reasons” as Ambassador Merten insists, there is plenty for them to do before the hurricane season begins.
The Saccharine Republican Ire
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Joseph Palermo: The “conservatives” and “Tea Partiers” are quite convincing at playing the aggrieved victims, but what, exactly, do they have to be “aggrieved” about?
California GOP Targets Workers
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Caitlin Vega: In these times of unprecedented income inequality, all the Republicans want is to cut worker pay and protections and reward corporations, even if they break the law. It’s taking from those who have the least and giving to those with the most.
As the Global Economy Trembles, Our Nation’s Capital Fiddles
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Robert Reich: In the past I’ve often wondered whether they’re knaves or fools. Now I’m sure. Republicans wouldn’t mind a double-dip recession between now and Election Day 2012.
War and Workers
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Lydia Howell: Whether it’s debt-ridden college graduates working as baristas or small town youth with only fast-food and Wal-Mart as post-high school career options, high unemployment keeps a volunteer military ranks full.
Why Obama Isn’t Fighting the Budget Battle
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Robert Reich: Obama won’t actively fight the budget battle if the current White House view of how he wins in 2012 continues to prevail.
Can Krugmanomics Be Saved?
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Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.
Economic Powerhouse Germany
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Steven Hill: Germany has evolved a social capitalism which has proven to be more stable and efficient than America’s Wall Street capitalism, not to mention more ecologically sustainable.
Wall Street’s Birthday Nothing to Crow About
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Robert Reich: Happy Birthday Wall Street. Party away. Just know that most Americans aren’t joining the celebration.
The Real News on Jobs
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Robert Reich: Conservative economists have it wrong. The underlying problem isn’t that so many Americans have priced themselves out of the global/high-tech labor market. It’s that they’re getting a smaller and smaller share of the pie.
Sacramento County’s General Plan, Part Deux
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Mark Dempsey: Besides the history of local development, recent lapses by our politicians, who regularly bow to speculation and greed, don’t exactly inspire confidence. Wall Street speculators absconded with 40% of the world’s wealth, and only Bernie Madoff is in jail.
How Democrats Can Become Relevant Again
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Robert Reich: Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to two. This is what passes for compromise in our nation’s capital.
Shock Wave Coming
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Brent Budowsky: The economic and political shock wave will be momentous as budget politics will increase joblessness and reveal with brutality that Washington is out of touch with heartland America and dominated by special interests that voters deplore.
Businesses Fear Restrictive Immigration Measures Will Drive Jobs to Other States
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Seth Hoy: As Arizona-style enforcement legislation continues to work its way through state legislatures, local business and industry groups are beginning to realize just how much these laws will affect the way they do business.
Across-the-Board Cuts Needed to Avoid Fiscal Armageddon
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Ivan Eland: To keep with the bipartisan spirit after the Gabrielle Giffords’ assassination attempt and also to avoid partisan fighting over spending priorities, which will bog down and probably eventually kill any significant budget cuts, all government programs should be cut by 15 percent from last year’s budget level, including heretofore sacred defense and entitlement programs.
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