Robert Reich: Middle-class consumers won’t and can’t spend because their savings are depleted, their homes are worth a fraction of what they were five years ago, their wages are dropping, and they’re worried about keeping their jobs.
Robert Reich: Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.
Central Valley Teachers and Parents Criticize Fiorina for Standing with Companies that Ship Jobs Overseas Rather than with California Students
Robert Reich: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.
Andrea Nill: Palin informed O’Reilly that she would do “whatever it takes” to secure the border, including “militarizing” the border with 10,000-15,000 National Guard troops and building a wall.
Requiring undocumented immigrants to register with the government, pay all taxes they owe, and face certain penalties as part of earning legal status is a “tough and fair” path to legalization that’s supported by the majority of voters, not un-endorsed amnesty.
The Lex Column in the Financial Times got it right: “… ‘less down’ is now the new ‘up’ as media watchers search for stabilization in the overall market.” The writer was referring to the world of advertising where some analysts were putting a hopeful spin on revenue that fell 18% over the first three months [...]
Michael T. Darda, chief economist at the research and trading firm MKM Partners, probably summed up last week’s message from Washington best, telling the New York Times, “Less bad is always a prelude to good.” The things one learns. We are being asked to believe that the results of the “stress tests” were “not as [...]
by Charley James – Lost in the wake of Henry Paulson’s announcement Wednesday that Treasury is “changing direction” in how it doles out money in the bank rescue plan is a little-noticed lawsuit filed last Friday by Bloomberg LP, the business news wire service. It is suing the Federal Reserve Board’s governors for public records [...]
Last Friday morning, I called Congressman Murtha’s office to communicate my outrage that Murtha, Pelosi, Hoyer and the rest of the House leadership planned to push through another $170-billion dollar Iraq War supplemental, some $70 billion more than Bush requested — all with no timelines or benchmarks or any semblance of accountability or restraint. Murtha’s [...]