Recession Recovery Lessons From Past Presidents

roosevelt-601

Works Progress Administration: California should use its unexpected multi-billion dollar surplus to establish a California State Bank (CSB).

Here’s a Tip–Tips Not Always Tips

tired waitress

Sylvia Allegretto: As a former waiter and bartender of seven years, I’m always a bit miffed that the sub-minimum wage paid to tipped workers has been all but forgotten.

The World Economy’s a Ticking Time Bomb (and the Fuse Is Lit)

financial wizards

RJ Eskow: Many financially sophisticated investors and bankers will say privately that they agree that it’s only a matter of time until the next crisis comes.

Local Fights Against Austerity Growing

michigan protests

Mark Vorpahl: Between sequestration and the billions of cuts to social programs that Obama is pushing, it is evident that the economic policies of both major parties are not intended to promote a recovery for working people.

More Money But a Sicker Planet?

global marshmallow

Walter Moss: We tend to forget or marginalize environmental problems while putting to the forefront more immediate concerns like money or whatever stories our media tells us are most important

Why This Is the Worst Recovery on Record

obama business roundtable

Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.

Opposition Grows Fierce to Austerity Cuts

portland budget

Mark Vorpahl: This latest budget crisis poses the question of “who do Portland’s elected leaders serve, the city’s majority of working class communities or big business and the wealthy?” So far, while the 99% have been suffering with all the belt tightening, Portland’s 1% have been left to grow fat.

Fixing the Economy’s Real Problem

obama shaking hands

Robert Reich: The President needs to deliver the same message to the public, loudly and clearly. The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality — not deficits. The major goal must be to get jobs and wages back, not balance the budget.

When Profits Rise but Wages Stagnate

Greed wide

Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920′s – many historians view this as the most significant underlying cause of the Great Depression.

Don’t Cut Social Security: Double It

save social security

Steven Hill: An expansion of the Social Security retirement system — one of the most successful and popular social programs in American history — that converts it into a more robust retirement system would build upon the most stable component of the current system.

Now the Battle Over the Debt Ceiling

falling to 2013

Robert Reich: The White House’s and Democrats’ single biggest failure in the cliff negotiations was not getting Republicans’ agreement to raise the debt ceiling.

Fiscal Chicken

tea party caucus

Walter Brasch: The obstructionists in Congress need to realize this isn’t a deserted two-lane highway, and Americans don’t want the Republicans playing chicken with our nest eggs.

Cliff Notes

republican guernoica

John Peeler: Speaker Boehner’s debacle in failing to get his own caucus to support his “Plan B” is not only his failure, it shows the complete disarray of the congressional Republican Party.

Michigan’s “Right to Work” Debate Affects Latinos, Too

Young Latinos Vote

Victoria Defranceso Soto: Latinos aren’t the first group that comes to mind in a discussion about unions, especially with regards to a rust-belt state such as Michigan. But it turns out that Latinos are disproportionately affected, and not in a good way, by the diminishing strength of unions.

Note to GOP: Stop Yammering About the Deficit and Debt

fiscal balloon

Charley James: Newspapers and cable are filled with counter GOP demands for massive spending cuts that would almost entirely hurt the poor, the working poor, the tattered remains of the middle class and the elderly.

Latino Voters: How Obama’s Team Got 75%

gop latino outreach

Victoria Defrancesco Soto: Why did Latinos not only support, but support in such overwhelming numbers a candidate who has overseen such a troubling time for Latinos?

Will Dems Tax Rich to Avoid Fiscal Cliff?

butting heads

Shamus Cooke: Literally the day after the election a sudden “urgency” gripped the nation: the imminent danger of the so-called “fiscal cliff” — the national automatic tax increases and spending cuts due in January.

George Will: Always Right, Occasionally Correct

George Will

John Peeler: Obama, if he could free himself of the Wall Street crowd, is the likelier buyer of Will’s prescription of breaking up financial institutions that are “too big to fail”.

How Polls, Ads, and Debates Might Swing Undecided Voters

joe michelle barack

Nomiki Knost: This is when those highly sought -fter swing voters will be influenced and decided. This is when Romney and Obama need to be on their A games.

The Jobs Crisis, the “Unemployable,” and the Fiscal Cliff

black unemployment

Shamus Cooke: Aside from some sparse rhetoric, neither Democrats nor Republicans have offered a solution to job creation. Most politicians seem purposefully myopic about the jobs crisis, as if a healthy dose of denial might get them through the electoral season unscathed.

Make My Day, Mitt

eastwood coot

Brent Budowsky: I understand, Mitt. You believe a politician should say anything to get elected. But you can bet your Swiss bank accounts we are better off than we were four years ago. I’ve got an idea:

How Keeping Bain Capital and Romney’s Tax Returns in the Public Eye Can Win the Election for Democrats

stacey lawson

Dotty LeMieux: Either the Mittster was up to his eyeballs in Bain management and had an active role in decision-making during that period, or he is a clueless wonder who can’t keep track of the boards he sits on and shouldn’t be trusted with a child’s piggy bank, let alone the finances of a major company or the United States Treasury.

When Work Disappears: The Silent Reality of Chronic Black Unemployment

black unemployment

Anthony Samad: Damn near every street in the southland is torn up from construction, as is damn near every freeway. I purposely look for BMWs (Black Men Working). I rarely see any and I’m not the only one who notices this. It’s often a point of conversation in the circles I run in.

Job Crisis Denial

jobs treading water

Shamus Cooke: Both parties are not talking about the fiscal cliff because they share the exact same solution: austerity -cuts to social programs, government layoffs, and other measures to make working people pay for the nation’s debt instead of the rich and corporations.

Suddenly Homeless: A Kid’s Story

homeless child

A reported 1.6-million American kids were homeless at some point last year, and half are under the age of six. That’s roughly the number of people in Philadelphia.

Robin Hood Tax, Mark Ruffalo Supports It

Robin Hood

Mark Ruffalo: A Robin Hood Tax would raise revenue from Wall Street while reigning in their worst excesses — helping to rebalance the American economy.

Herds on the Street

homeless man

Charley James: For the first time in well over 15,000 consecutive nights, I will not have a roof over my head this evening. I don’t know where I will sleep, how I will eat tonight

The Stall Has Arrived

black unemployment

Robert Reich: @idening inequality is the underlying culprit. As long as almost all the gains from economic growth continue to go to the top, the vast middle class doesn’t have the purchasing power to boost the economy on its own.

West Coast Unions Cave to Democrats

robin doyno

Shamus Cooke: In California, the unions agreed to a rotten compromise, which taxes the rich at a lower rate while including an increase in the state sales tax that disproportionally affects working and poor people.

What Today’s Job Numbers Mean

president obama

Robert Reich: We’ll avoid a double-dip, but the most likely scenario in coming months is a continuation of the same – an anemic jobs recovery.

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