Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.
Robert Reich: The deal the President struck with Republican leaders is an abomination. It’s larger than the bailout of Wall Street, GM, and Chrysler put together, larger than the stimulus package, larger than anything that’s come out of Washington in years. The president needs new advisors.
Robert Reich: In political terms, a strong stand enables the President to clearly demonstrate who’s side he’s on (the working and middle class that’s still bearing the brunt of this lousy economy) and who’s side the Republicans are on (the powerful and privileged who brought much of this on, and who are now doing just fine).
John Peeler: Republicans stand to win an election even though more voters oppose their ideas than support them. What’s going on?
Carl Bloice: A call for actually retooling the economy for today’s challenges and granting preferential tax treatment to struggling working people could stir some enthusiasm among people now seeming inclined to sit out the election.
Tom Degan: Those in the extreme right who like to pretend that they’ve cornered the market on patriotism need to be exposed for what they are – ideological snake oil salesmen. All we have to do is open our eyes to see the damage that their thirty-year domination of our political conversation has done to this country.
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.
Jerry Drucker: Corporations in with the Republicans have created and are holding a savage tiger by the tail. Combined, they let an uncontrollable, hateful and dangerous genie out of their Communist Chinese manufactured bottle and can’t stuff it back in. Today the Republicans share two major goals with the international terrorists. Both want to bring down the U.S. Government and both will kill Americans.
Robert Reich: President Obama today offered a set of proposals for helping America’s troubled middle class. All are sensible and worthwhile. But none will bring jobs back. And Americans could be forgiven for wondering how the President plans to enact any of these ideas anyway, when he can no longer muster 60 votes in the Senate.
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.
This video was provided by Bill Moyer’s PBS Television show. It is available on YouTube. Here, Bill Moyer’s interviews Wendell Potter a former healthcare insurance executive. The interview is approximately 37 mins long. The following message was sent to the LA Progressive by a reader who calls himself jacksmith: We have the 37th worst quality [...]