GOP Still Making Bad Assumptions

gop stale mates

Karen Finney: Weeks after the election, congressional Republicans are still clinging to similar bad math and bad assumptions that th eRomney campaign made, yet hoping for a different result.

How Inequality Kills Growth

comic mitch

Claude Fischer: To the extent that facts matter in such a politicized debate, it is becoming increasingly clear that equality rather than inequality is a better policy for economic growth.

Supercommittee Sins

supercommittee

Brent Budowsky: The sin of the supercommittee is that it has merely mirrored the old-think politics it was created to rise above.

Obama Job Plan: The Promise and the Drawbacks

Carl Bloice: The danger remains that those in the Administration’s camp who are never anything but political operatives will prevail, opportunity will give way to political expediency and fall prey to the notion that the 2012 election trumps all

Real Crises and Fake Ones

poverty_america-wide

Steve Hochstadt: Our economic disaster is not about national debt, but about national poverty. America cannot be a great country, if we do not alleviate the critical economic problems gripping our poorest families.

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’s Deal with the U.S. Chamber of Commerce

obama and the chamber of commerce

Robert Reich: I’ve been watching (and occasionally trying to deal with) the Chamber for years, and all I know is it has a deep, abiding belief in cutting taxes on the wealthy, eroding regulations that constrain Wall Street, cutting back on rules that promote worker health and safety, getting rid of the minimum wage, repealing the new health-care law, fighting unions, cutting back Medicare and Social Security, reducing or eliminating corporate taxes, and, in general, taking the nation back to the days before the New Deal. So what, exactly, is the deal Obama is pitching to the Chamber?

Is Social Media Useless for Change?

Malcolm Gladwell

Social networking websites can play and are playing an important role in finding and connecting people who are beginning to think and feel similar things. They can help participants deepen their understanding and form common perspectives. They can help inform those who use them of possible courses of action.

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.

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

economy

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.

A Grand Fourth

Ron Wolff: FDR spoke about “four essential freedoms” on January 6, 1941, naming 1) freedom of speech and expression; 2) freedom of every person to worship in his own way; 3) freedom from want; and 4) freedom from fear — which he explained was related to a reduction of armaments and the lack of physical aggression against any other country in the world.

Did Greedy Homeowners Cause the Big Crash?

homeowners

Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.

Financial Reform Too Small to Succeed

wall street reform

Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.

Banks, Markets Now Just Shearing Pens

wall street slide

Jim Fuller: For the first time in the 50-plus years I’ve been paying close attention to the securities markets and banking and looser attention to commodities markets — most of those years covering such businesses for newspapers and magazines — I am close to concluding that the only place for the modest savings of the average Jane or Joe is a tightly sealed jar buried in the garden or an envelope under a mattress. Maybe in a mixture of currencies.

Main Street Needs a Hand

Doing nothing on jobs

Tracy Emblem: Some say government should not be in the business of creating jobs. They are wrong. The government is the custodian of the public land and buildings. All improvements thereto benefit the people. President Roosevelt put people to work improving the public lands with roads and structures when the U.S. had 25-percent unemployment. In 2008, economists warned the government that we could suffer that again if we did not bail out Wall Street. Well, now, Main Street needs a hand.

The Future of Manufacturing, GM, and American Workers (Part I)

auto-plant

What’s the Administration’s specific aim in bailing out GM? I’ll give you my theory later. For now, though, some background. First and most broadly, it doesn’t make sense for America to try to maintain or enlarge manufacturing as a portion of the economy. Even if the U.S. were to seal its borders and bar any [...]

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