Why We Are Moving Toward a Recessionary Era

Robert Reich: The biggest ongoing threats are chronic recession or even deflation, because consumers don’t have enough money to what the economy is capable of selling at full or near-full employment. Despite gains in productivity, little has trickled down to America’s middle class.

The Final Health Care Vote and What it Really Means

Healthcare-rant

Robert Reich: It’s not nearly as momentous as the passage of Medicare in 1965 and won’t fundamentally alter how Americans think about social safety nets. But the likely passage of Obama’s health care reform bill is the biggest thing Congress has done in decades, and has enormous political significance for the future.

A Little Perspective, Yes?

Barack

Dick Price: To get elected, we understood that Obama had to take a pragmatic approach. But underneath the pragmatism, we were attracted to the compassionate world view, the deep ability to grasp complex issues, and the eloquence to voice our best hopes and dreams for the future that we saw, and see, in the man—traits that had been so woefully absent in George W. Bush fear-mongering, hate-mongering, war-mongering reign.