John Peeler: Obama, if he could free himself of the Wall Street crowd, is the likelier buyer of Will’s prescription of breaking up financial institutions that are “too big to fail”.
The Jobs Crisis, the “Unemployable,” and the Fiscal Cliff
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Shamus Cooke: Aside from some sparse rhetoric, neither Democrats nor Republicans have offered a solution to job creation. Most politicians seem purposefully myopic about the jobs crisis, as if a healthy dose of denial might get them through the electoral season unscathed.
Neil Munro’s Incivility
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Karen FInney: Rather than helping to further understanding about the policy being announced, Munro engaged in exactly the kind of provocative-for-the-sake-of-it “journalism” that cheapens our national debate on important issues.
Pulling Back the Curtain on the Wall Street Money Machine
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Ellen Brown: We are indentured to a Wall Street money machine that creates our money and lends it back to us at interest, money our sovereign government could be creating itself, with full democratic oversight and accountability to the people.
The Federal Reserve Bank – National Day of Protest
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Of the Federal Reserve Bank, Wikipedia says, The twelve Federal Reserve Banks form a major part of the Federal Reserve System, the central banking system of the United States. The twelve federal reserve banks together divide the nation into twelve Federal Reserve Districts, the twelve banking districts created by the Federal Reserve Act of 1913.[1] [...]
Supercommittee Sins
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Brent Budowsky: The sin of the supercommittee is that it has merely mirrored the old-think politics it was created to rise above.
Time for an Economic Bill of Rights
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Ellen Brown: What was sufficient for a simple agrarian economy does not provide an adequate framework for freedom and democracy today. We need an Economic Bill of Rights, and we need to end the privatization of the national currency.
A Jubilee for Student Debt?
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Ellen Brown: Eliminating, reducing, or deferring student loan debt will free up the budgets of millions of students, allowing them to spend more on goods and services, increasing demand and creating jobs, and adding to tax revenues.
Inflation — Fighting the Last War
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Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.
Let’s Hope for Continued Fiscal Gridlock
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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.
Don’t Fall for GOP “Budget Crisis” Lie
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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.
Americans Elect?
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John Peeler: Disillusioned liberals ought to know that if this effort takes off, it is very likely to siphon votes away from Obama and facilitate a complete Republican takeover of the federal government.
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.
The Forgotten Jobless and Our Future
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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 American Dream
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Tom Degan: This, I believe, is one of the most important and educational films ever made. It explains in terms easy to understand (and with brilliant satirical insight) what has happened to this once-great nation, and why we all need to stand up and take it back.
Who Is Behind the Deficit Crisis
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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.
The Republican Recipe for An Anemic Economy Through Election Day 2012
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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.
New Study Shows Immigrants Boost Wages And Productivity
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Andrea Nill: The study conclusively states, “there is no evidence that these effects take place at the expense of jobs for workers born in the United States.”
The Future of American Jobs
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Robert Reich: The Great Recession has accelerated a structural shift in the economy that had been slowly building for years. Companies have used the downturn to aggressively trim payrolls, making cuts they’ve been reluctant to make before. Outsourcing abroad has increased dramatically. Companies have discovered that new software and computer technologies have made many workers in Asia and Latin America almost as productive as Americans, and that the Internet allows far more work to be efficiently moved to another country without loss of control.
Our Incredible Shrinking Democracy
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Robert Reich: It seems as if more and more decisions that should be made democratically are being shunted off somewhere to a few people who make them in back rooms. Which programs should be cut, which entitlements pared back, and what taxes raised in order to reduce the long-term budget deficit? Hmmm. Let’s convene a commission and have them decide.
Teabaggers in the Mist
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Glenn Beck once insisted that he started his “9/12 Movement” to recapture the sense of unity in the nation the day after the terrorist attacks in 2001. That idea lasted about four minutes Saturday morning as evidenced by the signs held aloft at the event he and a group of well-funded astroturf organisations in Washington [...]
The Real Fight Starts After the Stimulus is Enactedna
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The real stimulus debate hasn’t even started yet. Congress will pass President Obama’s stimulus package in the next two weeks, more or less as he wants it. The House has already done its part, and the Senate appears likely to follow suit. But when the economy starts to turn up again, perhaps as early as [...]
Dem Bones Connected to De Debt Bone
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It is an understatement to say we are experiencing an unprecedented financial crisis along with our worldwide environmental crisis. Neither crisis needs an Austrian economist to explain it. We live in a consumer society and consumers “use things up.” In recent history, this useless, toxic “stuff” comes from China, and this sad state of affairs [...]
Stimulus Plan: The Need and the Size
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The core problem we face is not access to capital. The Treasury has already flooded Wall Street and the banking system with money, committing nearly $350 billion; the Federal Reserve Board has exchanged Treasury bills for some $2.2 trillion of troubled assets; other agencies, such as the FDIC, have guaranteed trillions more. But there has [...]
A Failed Economy Hurts Gay Taxpayers More
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In the face of a financial Armageddon, the economy has become the center of the campaign, where it should have been all along. But the moment all Americans have been waiting for – the latest McCain-Obama debate – was a yawn. The melodrama and histrionics of whether the first debate would happen titillated anxious taxpayers [...]
Near Insanity at the Federal Reserve
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The latest economic news isn’t pretty. Price inflation is raging everywhere, yet in most housing markets, sales are weak and prices are still in near free-fall. Crude oil and gasoline prices are at record levels and still climbing, despite my recent prediction that oil prices would fall (be patient, they will).
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