Dems: Obama Broke Pledge to Force Banks to Help Homeowners

Rep. Zoe Lofgren

Paul Kiel and Olga Pierce: The Obama administration has relied on a voluntary program with few sticks, that simply offers banks incentives to modify mortgages.

New Politics, Patriotic Capitalism

David and Holly Petraeus

Brent Budowsky: This is the first in a series of columns that will propose that progressive populist Democrats and conservative populist Republicans unite behind new economic policies that I will call patriotic capitalism.



The Forgotten Jobless and Our Future

labor strike

Mark Vorpahl: As in the 1930s, today we must organize in a way that creates unity between the employed and unemployed. To start, we can organize the largest possible union-led demonstrations to realize this unity in the streets.

The Real Economic Lesson China Could Teach Us

hu obama poker

Robert Reich: China is eating our lunch. Why? It has a national economic strategy designed to create more and better jobs. We have global corporations designed to make money for shareholders.

The Shameful Attack on Public Employees

Rev. Martin Luther King Jr., with Memphis sanitation workers.

Robert Reich: Public servants are convenient scapegoats. Republicans would rather deflect attention from corporate executive pay that continues to rise as corporate profits soar, even as corporations refuse to hire more workers.

Why Inequality Matters

lawrnence strike 1912

Ann Robertson and Bill Leumer: The only alternative available to working people that offers real prospects for success are mass mobilizations in the streets and strikes – the kind of militant struggles that scored so many gains in the 1930s.

The U.S. Economy in 2011

Jobs in the New Year

Robert Reich: The two American economies — the Big Money economy and the Average Working Family economy — will continue to diverge. Corporate profits will continue to rise, as will the stock market. But typical wages will go nowhere, joblessness will remain high, the ranks of the long-term unemployed will continue to rise, the housing recovery will remain stalled, and consumer confidence will sag.

Why Obama Wins on Foreign Policy and Gays but Loses on Economics and Taxes

santa-pied-piper

Robert Reich: When it comes to protecting the fortunes of America’s rich (mostly top corporate executives and Wall Street) and maintaining their strangle-hold on the political process, Senate Republicans, along with some Senate Democrats, don’t budge.

Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses

peter dreier

Peter Dreier: In Los Angeles this Thursday, members of the Alliance of Californians for Community Empowerment (ACCE) — a statewide community organizing group — will sponsor a demonstration at a major bank that will include civil disobedience and probably arrests.

Why America’s Two Economies Continue to Drift Apart

unemployment

Robert Reich: Nothing is trickling down to the Average Worker economy. Job growth is still anemic. Unemployment won’t get down to pre-recession levels for 20 years. And almost half of October’s new jobs were in temporary help.

Why the Bush-Era Tax Cuts Should Not Be Extended to the Nation’s Top 2%

Budget

Tracy Emblem: Let’s give the new legislation which provides tax breaks and job incentives for “small businesses” time to work before blindly accepting McConnell’s argument that allowing the Bush-era tax cuts to expire would hurt small businesses. We must start closing the deficit gap.

Seven Reasons Why Capitalism Can’t Recover Anytime Soon

economy

Shamus Cooke: To deal with working people more ruthlessly, the radical right is being unleashed. In normal times these bigots yell furiously but no one listens. But in times of economic crisis they’re given endless airtime on all major media outlets.

Wage Theft: Thou Shalt Not Steal From Your Workers

expendables

David Love: Scrooge arrived just in time for the holidays, with Social Darwinism, bootstraps, slashing and cutting as a prescription for all our woes.

The American Jobs Emergency Requires Action

economy

Robert Reich: Not only do we need extended unemployment benefits. We need a new WPA, modeled after the WPA of the Great Depression, to put jobless Americans to work. We need a national infrastructure bank to rebuild our crumbling highways and water and sewer systems, thereby putting additional people back to work.

Alarmed & Angry at Christmas Time

sad xmas

Carl Bloice: Reflect on the sudden, shocking awareness that that one third of the members of the U.S. House of Representatives are prepared to let 2 million people – victims of an economic crisis not of their making – face the holidays with no income.

Boosting the Economy—One Big Screen TV at a Time

shopping gone nuts

Walter Brasch: Overall, America is slowly on the path to recovery. But, to those who lost their jobs and then their homes, it just doesn’t seem that way.

With Federal Benefits Set to Expire, Unemployed Workers Face Shrinking Safety Net

People with No Job

Marian Wang: Not extending federal unemployment insurance, it noted, would cause 2 million unemployed workers to be cut off from federal unemployment benefits by the end of the year.

National Fiscal Hypocrisy Week

Medical_Workers

Robert Reich: The best outcome would be an agreement to extend the tax cuts for the bottom 99 percent, for two years. This would stimulate the economy in the short term when it most needs it, and reduce the long-term deficit.

Reconsidering Japan…Reconsidering Paul Krugman

krugman

Steven Hill: No one has been more influential in defining this narrative than New York Times columnist and Nobel Prize-winning economist Paul Krugman.

Who Is Behind the Deficit Crisis

tax breaks

Shamus Cooke: Unless labor and community groups massively mobilize working people in fighting for a pro-worker solution to the deficit crisis, austerity measures — like reducing Social Security and Medicare — will be forced upon us.

Unless Congress Acts, A Bleak Holiday Season for Millions

Rescuing unemployed

Carl Bloice: If Congress does not vote over the next week and a half to re-authorize federal unemployment benefits through next year, before they expire November 30, nearly 2 million women and men and their families will face a dismal holiday season.

New Report Describes Peril Immigrant Women Face in U.S. Food Industry

migrant laborer

Michele Waslin: Many of the women who make it to the U.S. safely are confronted with the horrendous working and living conditions made possible because of the existence of a group of vulnerable, desperate, and disposable workers.

Ahead of Congressional Hearings, Robo-Signer Scrutiny Spreads

bryan bly depostion

Marian Wang: Several recent reports about robo-signers have brought fresh attention to another angle of the foreclosure scandal: Robo-signing didn’t just occur in the foreclosure process. It also occurred in the processing of mortgage assignments.

Amazing Germany’s Declining Unemployment: How Do They Do It?

Chancellor Angela Merkel

Steve Hill: the government of Chancellor Angela Merkel not only pursued different economic policies than the Obama administration, but Germany also has a greater degree of economic democracy than the U.S.

Deficit Commission: Keynesian by Default

deficit

John Peeler: The fact is, neither liberals nor conservatives, neither Republicans nor Democrats, have the stomach for the major sacrifices that Simpson and Bowles are calling for, and it’s not at all clear that the public in general is ready either.

Banks Face New Rules on Foreclosures from Skeptical State Judges

foreclosure

Marian Wang: As banks resume foreclosures and claim to have added safeguards to their processes, it’s been left up to state court judges to decide whether they buy what the banks are saying. Many judges haven’t.

Where Have America’s Good-Paying Jobs Gone?

Tracy Emblem: Americans should be angered because they lost good-paying American jobs, and American taxpayers unwittingly through federal foreign aid helped pay for the development of roads, utilities, and manufacturing plants in foreign countries competing for U.S. workers’ jobs.

Yeah, It’s the Economy, Sherlock

Carl Bloice: Any member of Congress who thinks obstructionism is the way to win elections should know that in two years we will be sure that voters will know who stood in the way of jobs. We have an energized membership that’s ready to fight, and we’re going to give it everything we have.

The Republican Recipe for An Anemic Economy Through Election Day 2012

john boehner

Robert Reich: The real message from voters was “Fix this stinking economy.” But Republicans have no intention of doing so. With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.

Our Holocaustic Global Empire: Wars, Famines, Slavery

global economic crisis

Gary Corseri: Each of the 16 authors in this collection of contemporary essays and articles about our New-World-Order socio-political-economic mess are digging at the roots of evil; each exposes another layer of lies, frauds, half-truths, myths or cover-ups about the way our global system actually operates.

Related Posts Plugin for WordPress, Blogger...
Visit us on Google+