Exceptional: But Not in a Good Way

Cuban hospital

John Peeler: On guns and prisons, we are more like a Third World country than like other rich nations. On health care, Third World countries simply cannot afford to waste the amount of money we do. And it is doubtful that we can, either.

Immigrant Laborers Strengthen American Workforce, Economy

workers statue

Michele Waslin: While immigration restrictionists have long tried to demonize immigrant workers and blame them for high unemployment rates and other economic woes, the facts make it clear that immigrants actually create jobs and businesses and boost the wages of native-born workers.

Why S&P Has No Business Downgrading the U.S.

wall-street-bull-wide

Robert Reich: S&P’s intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P’s failures (along with the failures of the two other major credit-rating agencies — Fitch and Moody’s) to do their jobs before the financial meltdown.

Don’t Fall for GOP “Budget Crisis” Lie

tea party trip

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.

The Progressive Caucus Budget

What Do You Expect

We hear a lot about Ryan’s budget and the President’s budget but we’re not hearing very much about the Congressional Progressive Caucus Budget which appears to be more in line with what the average middle class American wants and needs. What’s up with that?

Why We Should Beware Budget-Deficit Mania

Erskine Bowles and Alan Simpson

Robert Reich: The first draft of the President’s deficit commission, written by its co-chairmen Erskine Bowles and Alan Simpson, is a pastiche of ideas – some good, some dumb, some intriguing, some wacky. The only unifying principle behind their effort seems to be to throw enough at the wall that something’s bound to stick.

Peak Oil 101

Source: World Resource Institute. The “ANWR” bump on the crude production curve is an indication of how projected production would be in Alaska’s National Wildlife Refuge.

Adam Eran: The acute problem of the Gulf oil spill makes the cost of corruption-afflicted government front page news. Lax Federal offshore drilling oversight under Bush 43 has cost us dearly. However, our society’s vulnerability to any trouble with this critical resource should also remind us of the chronic problem: peak oil.

Harry Reid and What Happened to the Public Option

Republican-option

I’m still not giving up. I want every Senator who’s not in the pocket of the private insurers or Big Pharma to introduce and vote for a “Ted Kennedy Medicare for All” amendment to whatever bill Reid takes to the floor. And if this fails, a “Ted Kennedy Real Public Option for All” amendment. Let every Senate Democratic who doesn’t have the guts to vote for either of them be known and counted.

Is Obamanomics Conservative or Revolutionary?

obama_hat

There are two ways to see Obamanomics. The first, much preferred by the White House, is as a set of initiatives so modest as to hardly merit a raised eyebrow. Yes, steps must be taken to deal with the current economic crisis. But assuming the economy recovers next year, Obama’s budget projects that government spending [...]

Worse Than Expected on the Economy

Keep your eyes on the gap between what the economy could produce at full employment and the paltry level of aggregate demand (consumers plus businesses plus exports). That’s why the stimulus is too small — and why my bet is the President will be back for more stimulus. The Commerce Department reported Friday that the [...]

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