When Profits Rise but Wages Stagnate

Greed wide

Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920’s – many historians view this as the most significant underlying cause of the Great Depression.

Foreclosures 101 – Part 2

Foreclosure Key

Kwazi Nkrumah: After U.S. housing prices peaked in mid-2006 and began a sharp decline thereafter, refinancing became more difficult.

Obama’s Jobs Speech: Prepare to Be Underwhelmed

obama-fireworks-wide

Joseph Palermo: President Obama’s much anticipated speech outlining his jobs agenda for the 2012 election year will sound a lot like a tiny mouse trying to make a loud roar. Instead of clarity, we’ll get hedging; instead of “bold,” we’ll get wishy-washy.

Answering The Anti-Tax Whiners

Grover Norquist

Mark Dempsey: After having reduced taxes without reducing spending, the Republicans can now get Jerry Brown and the California Democrats to do the politically unpopular work of terminating programs that would otherwise be too popular to touch. It’s clever, but hardly non-partisan.

Why the Tax Deal Confirms the Republican Worldview

mcconnell

Robert Reich: As income and wealth have risen to the top, so has political power. Money is being used to bribe politicians and fill the airwaves with misleading ads that block all of this.

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