RJ Eskow: And when the next crisis comes, “147 people” will react to it exactly the same way they reacted to the last one. You can almost hear them now, can’t you? You can’t blame us, they’ll say. Nobody could’ve seen this coming. How do we know that?
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.
Why didn’t Obama deliver this speech when he spoke to bankers on Wall Street a few months ago? Better late than never, I suppose, and bankers are slightly more likely to pay attention to Volcker than to Obama as evidenced by the fact that several major US bank CEOs turned down the invitation to hear the president speak.
It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make [...]
The California Board of Trustees’ action last week shows an increasing dependency on annual, double-digit student fee hikes to cover for declining state support. It is a dependency that must be broken to maintain access and affordability for students. Student Fees Hiked More Than 100 Percent Student fees have climbed more than 100 percent in [...]
Before Inauguration Day, President-elect Barack Obama said he wanted to hit the ground running. Instead, he hit the ground sprinting and hasn’t stopped. Consider: A $787 billion stimulus package. A 10-year budget including universal health insurance and a cap-and-trade system to combat global warming. Subsidies to help distressed homeowners stay in their homes. Public-private partnerships [...]
Back in December, when it was obvious that the economy was in bad shape and before we knew how precarious it could get, Fareed Zakaria, editor of Newsweek International and columnist for Newsweek and the Washington Post, wrote, “For Obama to be remembered as a great president, he has to do nothing less than rescue [...]
Opium is in the news again. Afghanistan is producing bumper crops of opium poppies, funding Taliban attacks and simultaneously enriching some of the Afghani government’s warlord allies. Low heroin prices worldwide suggest that the marketplace is saturated, and American policy abroad is aimed narrowly at crop eradification while at home we are incarcerating drug users [...]
As California’s leaders continue to wrestle with how to tackle the ever growing budget deficit, cuts to education and in particular public higher education, continue to be mentioned as a solution to economic tumult. Such cuts would be a blow to a State that already has fallen from “trend-setter” in terms of education and economic [...]