The Rich Don’t Create Jobs; We Do

unemployed graduates

Tina Dupuy: “The rich create jobs” is a well-worn catch phrase from right-leaning political yappers who give this 1% all the credit when it comes to the financial health of the country. But the rich are not, in fact, the venerated “job creators.”

The Wageless Recovery

wall street inflation

Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?

A ‘Vision’ for the New Century. Or, a Nightmare

budget-speech

Carl Bloice: If the whole, hardly-nail-biting business accomplished nothing else it momentarily diverted attention away from the big budget fight coming up, the one that will probably shape the country’s economic and social reality for decades to come.

Shock Wave Coming

softened-wide

Brent Budowsky: The economic and political shock wave will be momentous as budget politics will increase joblessness and reveal with brutality that Washington is out of touch with heartland America and dominated by special interests that voters deplore.

Across-the-Board Cuts Needed to Avoid Fiscal Armageddon

boehner-budget

Ivan Eland: To keep with the bipartisan spirit after the Gabrielle Giffords’ assassination attempt and also to avoid partisan fighting over spending priorities, which will bog down and probably eventually kill any significant budget cuts, all government programs should be cut by 15 percent from last year’s budget level, including heretofore sacred defense and entitlement programs.

The Forgotten Jobless and Our Future

labor strike

Mark Vorpahl: As in the 1930s, today we must organize in a way that creates unity between the employed and unemployed. To start, we can organize the largest possible union-led demonstrations to realize this unity in the streets.

Seven Reasons Why Capitalism Can’t Recover Anytime Soon

economy

Shamus Cooke: To deal with working people more ruthlessly, the radical right is being unleashed. In normal times these bigots yell furiously but no one listens. But in times of economic crisis they’re given endless airtime on all major media outlets.

Unless Congress Acts, A Bleak Holiday Season for Millions

Rescuing unemployed

Carl Bloice: If Congress does not vote over the next week and a half to re-authorize federal unemployment benefits through next year, before they expire November 30, nearly 2 million women and men and their families will face a dismal holiday season.

Obama’s First Stand

Robert Reich: The President says a Republican proposal to extend the Bush tax cuts to everyone for two years is a “basis for conversation.” I hope this doesn’t mean another Obama cave-in.

African American Youth Joblessness and the “New Normal”

unemployed black youth

Carl Bloice: If it remains almost impossible for a couple of generations of young women and men to earn a decent living, it is calamitous for black people and the country. They cannot become the personification of the “new normal.”

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