It’s the Jobs, Stupid

President Barack Obama greets staff of Council of Economic Advisers (Official White House Photo by Pete Souza)

Brent Budowsky: Obama needs to contemplate the possibility that his legacy will be “the jobless president.” He should fight to become “the jobs president.”

Unemployment: Shadows and Reality

job creator

Kathleen Peine: The unemployment report came out recently, and Punxatawny Phil saw a service sector job — that means six more years of growth. Or something like that. It’s all very complicated.

Why Jobs Still Matter More Than Budget Deficits

solis obama

Robert Reich: Government should extend unemployment benefits, and not cut spending until the nation’s rate of unemployment is down to 5 percent. Then, and only then, should we move toward budget austerity.

Two Cheers and One Jeer for the American Jobs Act

Robert Reich: President Obama laid out the problem correctly and effectively. He explained why jobs and growth must be the nation’s first priority now — not the federal deficit.

The Right to a Job

fdr's new deal

Herb Engstrom: At this time of TEA Party hysteria, Fox News mendacity, and GOP hypocrisy a government guarantee of universal employment might seem like a radical idea, although it seemed not to be so to Franklin Roosevelt.

Inflation — Fighting the Last War

pat-toomey-wide

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.

Politics of Inaction: The Reality Behind the Jobless Stats

looking for work

Carl Bloice: Our principle concern here must not be the 2012 Presidential election but the condition of the almost 12 milion people who want to work and can find no employment.

The Truth About the American Economy

Robert Reich: As we should have learned from the Great Prosperity — the 30 years after World War II when America grew because most Americans shared in the nation’s prosperity — we cannot have a growing and vibrant economy without a growing and vibrant middle class.

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.

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.

Alan Greenspan, Robert Rubin, and Herbert Hoover

herbert hoover

Robert Reich: Both Greenspan and Rubin are deficit hawks. So was Herbert Hoover and so was Hoover’s Treasury Secretary Andrew Mellon. And look what Hoover and Mellon got us into. When we least need him, Hoover is being exhumed.

Why We Are Moving Toward a Recessionary Era

Robert Reich: The biggest ongoing threats are chronic recession or even deflation, because consumers don’t have enough money to what the economy is capable of selling at full or near-full employment. Despite gains in productivity, little has trickled down to America’s middle class.

Why Main Street Isn’t Getting Any Better

jobs

Robert Reich: Americans have no choice but to pare back their debt. That’s bad news because consumer spending is 70 percent of the economy. It helps explain why we so few jobs are being created, and why we can’t escape the gravitational pull of the Great Recession without far more government spending.

“You Are Now the Owner of a Brand New Car (Company)!”

Walter Reuther

We now own a major stake in the largest auto company in the world. With the General Motors Corporation filing the second-largest industrial bankruptcy in world history, the US government has stepped in to take a 60% stake in the company and the autoworkers’ healthcare fund taking ownership of 17.5%. In a reversal of Aesop’s [...]

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