New Politics, Patriotic Capitalism

David and Holly Petraeus

Brent Budowsky: This is the first in a series of columns that will propose that progressive populist Democrats and conservative populist Republicans unite behind new economic policies that I will call patriotic capitalism.



Is No New Taxes What Voters Really Want?

tax cuts

Steve Hochstadt: The voters spoke in November: They picked Quinn and a tax increase over Brady and no new taxes. One reason is that Brady could not identify for voters where he would cut much spending. The opponents of taxes did not propose any reasonable alternative to raising taxes to solve Illinois’ debt crisis.

Why the Bush-Era Tax Cuts Should Not Be Extended to the Nation’s Top 2%

Budget

Tracy Emblem: Let’s give the new legislation which provides tax breaks and job incentives for “small businesses” time to work before blindly accepting McConnell’s argument that allowing the Bush-era tax cuts to expire would hurt small businesses. We must start closing the deficit gap.

Why the Tax Deal Confirms the Republican Worldview

mcconnell

Robert Reich: As income and wealth have risen to the top, so has political power. Money is being used to bribe politicians and fill the airwaves with misleading ads that block all of this.

Why We Should Beware Budget-Deficit Mania

Erskine Bowles and Alan Simpson

Robert Reich: The first draft of the President’s deficit commission, written by its co-chairmen Erskine Bowles and Alan Simpson, is a pastiche of ideas – some good, some dumb, some intriguing, some wacky. The only unifying principle behind their effort seems to be to throw enough at the wall that something’s bound to stick.

Our Holocaustic Global Empire: Wars, Famines, Slavery

global economic crisis

Gary Corseri: Each of the 16 authors in this collection of contemporary essays and articles about our New-World-Order socio-political-economic mess are digging at the roots of evil; each exposes another layer of lies, frauds, half-truths, myths or cover-ups about the way our global system actually operates.

The Perfect Storm

plutocrat

Robert Reich: The perfect storm: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical about a government that’s raising its taxes, reducing its services, and unable to get it back to work.

Discouraging News

Ron Wolff: So, will someone please explain to me how CEOs getting wealthy and average workers being cheated out of hard-earned wages is part of the American dream?

The Politics of Taxes

republican tax cuts

Tracy Emblem: Bush Tax cuts have conferred the most benefits, by far, on the highest-income households – those least in need of additional resources – at a time when income already is exceptionally concentrated at the top of the income spectrum.

Frog Economy?—A Reaction to Professor Reich’s Tortoise Economy

frog

Bob Letcher: The workforce has become as dilapidated as the proverbial rust-belt factory. It took a long time for us all to get us all into this mess, and it’s going to take at least as long for us all to work ourselves back out of it

The California Budget Mess Backstory

oil addiction

Adam Eran: So the origin of California’s tax reductions, and even its current budget deficit, is arguably oil price inflation. If we want a stable economy, and government without deficits, we need to stop kidding ourselves that spending is a the root our budget problems, and attend to our energy addiction.

Education is THE Economic Issue of Our Time

CoolHandLuke

Bob Letcher: In the few weeks since President Obama so emphatically linked his education program to his effort to revive the US political economy, the President has not been pressed to detail either the substance of his education program or his procedure for winning support from a public that is increasingly cynical, skeptical, frightened, and angry.

Capitalism Is Killing Us

china number two

David Love: While Chinese workers jump out of windows, Americans are dying as well. In the U.S., workers die on exploding oil rigs and in deathtrap coal mines because their regulation-hating employers want to maximize profits.

Tax Jujitsu: Why Democrats Should Propose a “People’s Tax Cut”

taxes

Robert Reich: Democrats should propose eliminating payroll taxes on the first $20,000 of income, and making up the revenue loss by applying payroll taxes to incomes above $250,000.

Watch “Deficit Hawks” Rush to Defend Pentagon Bloat

robert gates

Randy Shaw: The Republican Party and Democratic so-called “deficit hawks” attack any proposed defense cuts as “job killers.” Yet this alliance refused to save the jobs of hundreds of thousands of teachers, and have backed tax and spending policies that have cost the nation millions of jobs in recent years.

Why We Really Shouldn’t Keep the Bush Tax Cut for the Wealthy

wealthy tax cuts

Robert Reich: Restoring top earners’ marginal tax rates to what they were during the Clinton administration (36 and 39 percent) won’t inhibit their spending. That’s because they already save a large portion of what they earn, and already spend what they want to spend.

Bush Recession Comes Home to Roost

tax chart

Adam Eran: Tax cuts caused the current budget deficit, not crazy spending. Local government revenues fell 57% after Proposition 13. Even more egregious, the consume-atives™ (they do not conserve), now complain that State funding for local governments to fill that revenue hole meddles too much in local affairs.

An Example of Hearst “Yellow Journalism:” SF Chronicle, LA Times Spread Phony Tax Hysteria

Newspaper

In a shocking display of yellow journalism that would make William Randolph Hearst blush, the San Francisco Chronicle and Los Angeles Times both slapped on their front pages last Thursday a complete non-story in California tax law.

Health-Care Reform Key Issue in 2008 Campaign: What Happened?

summer-heat-wave

The current state of the health care “debate” illustrates, even with the election of Barack Obama and large Democratic majorities in Congress, we might have already lost the vocabulary for collective moral discourse.

Obama Rescuing Capitalism: That’s a Lot of Weight for One Brother

obama_congress

Back in December, when it was obvious that the economy was in bad shape and before we knew how precarious it could get, Fareed Zakaria, editor of Newsweek International and columnist for Newsweek and the Washington Post, wrote, “For Obama to be remembered as a great president, he has to do nothing less than rescue [...]

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