Berry Craig: Talk about a close encounter of the worst kind: Imagine a Senate Majority Leader Mitch McConnell and a House Speaker John Boehner.
Robert Reich: Whatever the outcome of the upcoming midterm elections, the activist phase of the Obama administration has likely come to a close. The President may have a fight on his hands even to hold on to what he’s already achieved because his legislative successes have been large enough to fuel strong opposition but not big enough to strengthen his support. The result could be disastrous for him and congressional Democrats.
Randy Shaw: Many believe that Hollywood films provide escapist entertainment, and should not be seen as sending political messages. We are told that studios are about making money, and that they would make tribute films to Karl Marx if that were good for the box office. Well, the historic record and the films of 2010 say otherwise.
Robert Reich: We’re unlikely to see a repeat of the disastrous Smoot-Hawley tariffs that worsened and lengthened the Great Depression. But you can forget trade-opening agreements. In Toronto last week, the G-20 leaders dropped their 2009 pledge to finish the Doha round this year. In the U.S., agreements with South Korea, Panama, and Columbia are languishing.
Articles by Anthony Samad, Gil Troy, Paul Hogarth, Seth Hoy, Carl Matthes, Andrea Nill, Randy Shaw, Tom Degan, Marcy Winograd, Seth Hoy, Mark Bowen, Gary Coseri, Michael Sigman, Tom Hall, Sharon Kyle, Robert Reich, Tom Degan, Sikivu Hutchinson, Adam Eran, Carl Bloice, Shamus Cooke, and Tina Dupuy
Joseph Palermo: In 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown , Simon Johnson and James Kwak point out that in September 2008 the high-flying masters of the universe were at their weakest point and had no choice but to do whatever the government demanded of them. Never mind the supreme irony of Wall Street bankers who claimed government had no place interfering in the miracles of the market begging the government to save them, it was at that time when we should have cut them down to size.
Robert Reich: The economic lesson President Obama ought to be teaching is that targeted tax cuts, mostly for small business, are good to the extent they give businesses a nudge toward creating more jobs. But businesses won’t begin to create lots of jobs until they have lots of customers. And that won’t happen until lots more Americans have work. The only way to get them work when businesses aren’t hiring is for government to prime the pump.
The public doesn’t know what’s going on because the national media would rather report on the sexual escapades of famous people or social trends or high finance (a recent Pew study of economic reporting shows the vast majority of stories about the Great Recession have focused on Wall Street rather than Main Street).
In the midst of the worst economic downturn since the Great Depression, and in anticipation of a new round of legislative debates on comprehensive immigration reform, DMI’s report makes a rational, concise argument for why comprehensive immigration reform is needed to improve the conditions for middle class Americans.
The 30-year class war the rich launched against the working people in this country (and reached its apogee during the George W. Bush years), has left the middle class reeling and wounded. Only bold federal action that puts something concrete in the palms of middle-class Americans can begin to turn these dire social conditions around.