The Politics of the Jobs Report

2012 election

Robert Reich: RBoth Obama and Romney assume the recovery will continue, even at a slow pace, and that we’ll be back to normal at some point. But I’m not at all sure. “Normal” is what got us into this mess in the first place.

Stock Tip: Be Worried. Workers are Consumers.

Iranian medical delegation at the Agent Orange conference in Hanoi.

Robert Reich: Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they’re shooting themselves in the feet. Where do they expect demand for their products and services to come from?

Why We Should Trade Broccoli and Asparagus for Hot Dogs and Apple Pie

apple pie

Robert Reich: The requirement that everyone purchase health insurance, or pay a fine doesn’t appeal to many Americans. They don’t like the government telling them they have to buy something. But the healthcare system can’t work without this mandate. Only if everyone buys insurance can insurers afford to cover people with preexisting conditions, or pay the costs of catastrophic diseases.

Financial Depression Spreads Among Seniors

depressed-lady

Sherwood Ross: President Obama has U.S. taxpayers paying billions to meet the costly payrolls of 50,000 troops and 190,000 contractors in Iraq while 20-million-plus jobless are looking for work in USA and can’t find it.

The Jobs Emergency

camp foreclosure

Robert Reich: We need a response proportional to the crisis. Obama, Pelosi, and Reed should summon Congress back to Washington for action on the jobs emergency.

Is Obama Powerless Against BP?

obama spill

Shamus Cooke: When the polls reported that Obama wasn’t taking the oil spill seriously enough, his next TV appearance depicted him as “outraged.” Yet his continuing lack of action doesn’t match his new, stronger emotions; nor does his inaction match the dire seriousness of the situation.

Friday Feedback: Call for Jobs Programs

I can’t say I was “disappointed” in the jobs summit, because I didn’t expect it to be more than window dressing, but every day I wake up with the hope that President Obama will read one of the articles by people like Paul Krugman or Bob Herbert in the NY Times and a light will finally click on in that sharp brain of his.

The Wall Street Rally: Watch Your Wallets

banks

Keep your eye on the real economy, where unemployment and underemployment keep rising. It’s not as much fun as cheering and investing right now, but it’s far safer.

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