Holiday Pall: Joblessness Crisis Intensifies

black unemployment

Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.

Useful Examples for Occupy from the Great Depression

great depression

Mark Naison: The “grunt work” of organizing Depression Era protests — at least until 1936 — was done by radicals who for the most part eschewed, or de emphasized electoral politics.

Restore the Basic Bargain

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Robert Reich: New data from the Commerce Department shows employee pay is now down to the smallest share of the economy since the government began collecting wage and salary data in 1929.

Looking Beyond Election Day

dollar chicken

Robert Reich: Political elites are worried about thunder on the right and the left, but they show scant understanding of what these growing anti-establishment forces signify. Meanwhile, the nation drifts.

The Corporate Pledge of Allegiance

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Robert Reich: The Court thinks corporations have First Amendment rights to spend as much as they want on politics, and Romney (and most of his fellow Regressives) think they need lower taxes and fewer regulations in order to be competitive. These positions are absurd on their face.

Billionaire Bagger Bamboozles L.A. Downtown Dems

farmers field

Brad Parker: With no plan in hand, the city leaders of Los Angeles are chortling about how a new Football Stadium for an imaginary NFL Team will usher in an era of jobs, jobs, jobs for all Angelenos.

History and Double-Dip Recessions

obama senior staff

Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.

Sheared by the Shorts: How Speculators Fleece Investors

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Ellen Brown: When done on a large enough scale, short selling can force prices down, allowing assets to be picked up very cheaply.

War: Fiscal Stimulus of Last Resort

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Ellen Brown: Diverting a portion of our massive war spending to peaceful use could add jobs, improve living standards, and add infrastructure, while reducing the national debt and balancing the government’s budget by increasing the tax base and government revenues.

Race and Anti-Obama ‘Hysteria’

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Berry Craig: The hysteria about Obama, although some of it may be related to philosophical objections to central authority, is largely rooted in race.

When Else Have Poor People Been So Disenfranchised?

poverty

Jerome Braun: Lincoln didn’t fear the rich and powerful as much as he wanted to help the poor and helpless. Some have compared Barack Obama to Abraham Lincoln. Would that it be so.

Inequality: The Real Cause of America’s Economic Woes

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Robert Reich: During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged.

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Protests, Not Parades, This Labor Day

trash driver

Robert Reich: Labor Day is traditionally a time for picnics and parades. But this year is no picnic for American workers, and a protest march would be more appropriate than a parade.

Stock Tip: Be Worried. Workers are Consumers.

Iranian medical delegation at the Agent Orange conference in Hanoi.

Robert Reich: Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they’re shooting themselves in the feet. Where do they expect demand for their products and services to come from?

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.

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