Meg Whitman, Job Killer

john mccain and meg whitman

Craig Williams: The countless ads by Whitman in the current California gubernatorial race lead most people to believe that she’s been creating lots of jobs. But when you take a close look at what her company EBAY actually does, on balance she may well be the jobs killer.

Why Democrats Should Not Join In Economic Scapegoating

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Robert Reich: Democrats should admit America’s economic structure has become dangerously unbalanced — more unbalanced than it’s been in 80 years — and the imbalance is making it difficult if not impossible for the nation to emerge from recession. For these reasons, Democrats should recommit themselves and the nation to redresssing that balance.

Republican Economics as Social Darwinism

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Robert Reich: John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”

The Politics of Taxes

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Tracy Emblem: Bush Tax cuts have conferred the most benefits, by far, on the highest-income households – those least in need of additional resources – at a time when income already is exceptionally concentrated at the top of the income spectrum.

Investing in Our Future

World crisis. Europe view.

Rep. Pete Stark: The idea of a financial speculation tax is getting consideration in many corners of the world, and not a moment too soon. When the UN Summit kicks off next week, an international financial speculation tax to fund the Millennium Development Goals should be at the top of the agenda.

Why No Amount of Fiscal or Monetary Stimulus Will Be Enough

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Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).

Meg’s Vicious Campaign

Randy Shaw: Few actions are more despicable than a multi-millionaire promoting making life worse for the very poor. Yet that’s what California Republican Governor candidate Meg Whitman is doing to get votes, even arguing that our lowest-income families should be removed from welfare altogether after two years.

The California Budget Mess Backstory

oil addiction

Adam Eran: So the origin of California’s tax reductions, and even its current budget deficit, is arguably oil price inflation. If we want a stable economy, and government without deficits, we need to stop kidding ourselves that spending is a the root our budget problems, and attend to our energy addiction.

Whom Do You Trust?

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Steve Hochstadt: Those who want government to go away, or at least get a lot smaller, seem to have two ideas about how to shrink government: Cut out the “waste” and let private companies take over many of its functions. Their assumption is that the private sector can do these jobs better and cheaper. Is that true?

Education is THE Economic Issue of Our Time

CoolHandLuke

Bob Letcher: In the few weeks since President Obama so emphatically linked his education program to his effort to revive the US political economy, the President has not been pressed to detail either the substance of his education program or his procedure for winning support from a public that is increasingly cynical, skeptical, frightened, and angry.

What Can the South Teach About Globalization?

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James C. Cobb: Members of this abandoned Southern proletariat may still live far better than the average Bangladeshi can imagine, but their shattered self-esteem and dashed hopes are surely at some level a universal indication of what to expect when economic development is allowed to become an end in itself rather than the means to a developed society.

Americans Need a Job

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Tracy Emblem: Workers are the backbone of America but the backbone has been aching for some time and needs immediate and serious attention – through job creation policies.

Why A Civil Society Extends Unemployment Benefits

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Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

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Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.