Why Obama Can’t Pivot to Jobs

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Robert Reich: The nation and Oba,ma remain hostage to the ideology of right-wing Republicans who won’t let the government spend more money. Yet if the government can’t spend more – at least this year and next, until the pump is primed and the economy is growing again – we won’t see job growth. And without job growth, the economy will remain anemic.

Understanding ‘Debtageddon’ Tuesday

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Denis Campbell: Many economists predict a failure to act before Asia markets open Sunday or Monday night could see an immediate stock market loss of up to 5% and wipe out 10% of US GDP by Tuesday night. It’s that serious.

7 Myths That Drive the Debt Ceiling Debate

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Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.

The Biggest Driver in the Deficit Battle: Standard & Poor’s

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Robert Reich: Standard & Poor’s insists any deal must also contain a credible, bipartisan plan to reduce the nation’s long-term budget deficit by $4 trillion — something neither Harry Reid’s nor John Boehner’s plans do.

Don’t Let Doom Merchants Obscure True European Picture

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Steven Hill: Fearful headlines hide success stories such as Poland, which show Europe is taking the right steps to economic recovery.

More Riches for the Rich

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Steve Hochstadt: But neither party has tried very hard to protect the poorest Americans from the outsized greed of the wealthy. About half of all members of Congress are millionaires, and all of them are beholden to the very wealthy for donations to their constant campaigning.

The Day the GOP Shot Ol’ America Down

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Ted Vaill: In less than a month, unless they relent in their effort to destroy the American (and the world) economy to curry favor with their Tea Party wing, the Republicans in Congress will cause the American government to default on its debt, on August 2, 2011 or thereabouts.

Repatriate Prosperity

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Brent Budowsky: Let’s add a “repatriate prosperity” provision that would require participating global companies to increase the size of their American workforce by a designated amount, within a designated window, such as six months, in order to receive the tax holiday.

Don’t-Raise-Taxes-on-the-Rich Crowd Getting Desperate

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Robert Reich: In truth, the most important variable explaining the rise and fall of tax revenues as percent of GDP has been the business cycle, not the effective tax rate.

California’s Silence of the Scams

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Craig Williams: The best cure for California’s budget problems might be a big statewide tax reform campaign based on the commercial property tax legislation proposed by the progressive organization Cal Tax Reform (CTR) and sponsored by Assembly member Tom Aminao.

Jamie Dimon’s Bizarre Idea About Why Recovery Stalled

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Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.

More Truth About the American Economy

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Robert Reich: Democrats are behaving as if they’re powerless to affect the economy even though a Democrat occupies the White House and his appointees run the federal government.

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The Rich Don’t Create Jobs; We Do

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Tina Dupuy: “The rich create jobs” is a well-worn catch phrase from right-leaning political yappers who give this 1% all the credit when it comes to the financial health of the country. But the rich are not, in fact, the venerated “job creators.”

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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.

The Battle for the Soul of the GOP

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.

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 Unified Theory of War and Taxes

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David Swanson: Taxes are a byproduct of wars. Were it not for wars and war propaganda, this country would have never begun paying taxes. If we were to end wars, and only if we were to end wars, we could consider ending taxes too.

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Unauthorized Immigrants Pay Taxes, Too

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Seth Hoy: One of the biggest myths perpetuated by restrictionist groups is that the roughly 12 million unauthorized immigrants currently living in the U.S. use a variety of public services yet paying nothing in taxes.

How Koch Industries Manipulates Oil Market

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Lee Fang: Koch along with Enron pioneered a number of complex financial products to leverage its privileged position in the energy industry.

A Crock Pot Tax-Exempt Idea

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Walter Brasch: “There are four million words in the IRS Code,” said Marshbaum. “Lower-class and middle-class Americans get a few thousand of those words. The rest of the code is a roadmap to help the wealthy and their corporations avoid paying taxes.”

Treasury Slow Fixing Foreclosure Prevention Program

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Marian Wang: By the end of last year, the program had given nearly 1.5 million households “a chance” of a mortgage modification through a trial modification. For most, that chance never turned developed into permanent help.

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.

Fighting ‘Divide and Conquer’ in Wisconsin

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Lydia Howell: Madison is ground zero for resistance to the dismantling of workers’ rights and cutting anything in government budgets that serves human needs while corporate “persons” get subsidies and tax cuts and are in effect made exempt from law supposedly governing such offenses as pollution and worker safety.

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Why the Attacks on Public Sector Workers and Their Unions

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Seymour Slavin: Ultimately, the way to overcome the fog of misstatements is to bring the truth to the American people. Thus, the attack against public sector unions can be viewed in its true light—protect the super rich and disarm the voice of the people—the trade union movement.

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The Republican Strategy

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Robert Reich: The Republican strategy is to split the vast middle and working class – pitting unionized workers against non-unionized, public-sector workers against non-public, older workers within sight of Medicare and Social Security against younger workers who don’t believe these programs will be there for them, and the poor against the working middle class.

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An Old Hippie Ponders a Haircut

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Bob Letcher: I just never forgot that my maternal grandfather was an immigrant bricklayer. I didn’t want to “dress-up” because going “up” might distract me from my commitment to working for justice for “little guys”.

Progressivism and a Tea Party Approach to State Government

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Walter G. Moss: Florida’s new governor, Rick Scott, is demonstrating why most of us who consider ourselves progressives dislike the politics of Tea-Party-backed candidates. For many of us, compassion and empathy are central political values, and Scott’s first budget proposal, unveiled on February 7th, reflects little of either value.

Faith Predators: Looting the American Dream

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Sikivu Hutchinson: The solipsism of the prosperity gospel as vehicle for commodity capitalism mires African-American communities in an endless spiral of dependence on the supernatural.

Why We Should Trade Broccoli and Asparagus for Hot Dogs and Apple Pie

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Robert Reich: The requirement that everyone purchase health insurance, or pay a fine doesn’t appeal to many Americans. They don’t like the government telling them they have to buy something. But the healthcare system can’t work without this mandate. Only if everyone buys insurance can insurers afford to cover people with preexisting conditions, or pay the costs of catastrophic diseases.

Dems: Obama Broke Pledge to Force Banks to Help Homeowners

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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.

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