Carnage at Yahoo: The Lopsided Economy

jobs mob

Carl Bloice: With industry executives raking in fantastic and unwarranted riches while the lives of workers from Sunnyvale to Pittsburgh are rendered ever more precarious, whatever is happening certainly is lopsided.

The Sad Spectacle of Obama’s Super PAC

obama phone

Robert Reich: The sad truth is Obama has never really occupied the high ground on campaign finance. He refused public financing in 2008. Once president, he didn’t go to bat for a system of public financing.

My Barack Obama Problem

Photo: Pete Souza, Official White House photographer

Mark Naison: The straw that broke the camel’s back, after many disappointments, was the image of the President regaling a $2,500 a plate dinner in San Francisco while Occupy Oakland was being attacked by an army of police.

The Great Switch by the Super Rich

super-rich-wide

Robert Reich: Forty years ago, wealthy Americans financed the U.S. government mainly through their tax payments. Today wealthy Americans finance the government mainly by lending it money.

The Republican Strategy

antonin scalia

Robert Reich: The Republican strategy is to split the vast middle and working class – pitting unionized workers against non-unionized, public-sector workers against non-public, older workers within sight of Medicare and Social Security against younger workers who don’t believe these programs will be there for them, and the poor against the working middle class.

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The Shameful Attack on Public Employees

Rev. Martin Luther King Jr., with Memphis sanitation workers.

Robert Reich: Public servants are convenient scapegoats. Republicans would rather deflect attention from corporate executive pay that continues to rise as corporate profits soar, even as corporations refuse to hire more workers.

Why Obama Wins on Foreign Policy and Gays but Loses on Economics and Taxes

santa-pied-piper

Robert Reich: When it comes to protecting the fortunes of America’s rich (mostly top corporate executives and Wall Street) and maintaining their strangle-hold on the political process, Senate Republicans, along with some Senate Democrats, don’t budge.

Stock Ownership: Theory vs. Reality

Money

Ron Wolff: I can’t help wondering how much more I (and millions of other Americans) could be earning from our stock portfolios if the billions of dollars paid in executive compensation (based on rationale that is marginal at best) were distributed to the shareholders.

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