Depression for Blacks, Recession for Whites

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Sherwood Ross: Instead of investing in a framework to help blacks advance by their own initiative, the Federal government has flushed billions down the toilets of friendly foreign strongmen such as Egypt’s Hosni Mubarek.

What Now for the Unraptured?

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Tom Hall: How perfect can heaven be, with 200 million new souls crowding into a facility designed by He who designed a world with shifting tectonic plates, ozone holes and republicans?

Washington: Pay Attention to the Economy

mcdonalds server

Robert Reich: Even for Americans with jobs, wages are going nowhere. Basically, the only employers hiring are paying peanuts. McDonalds just announced it would start hiring big time.

The Wageless Recovery

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Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?

Extortion Politics

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Robert Reich: Monday Standard & Poor’s (hardly a beacon of reliability after the Crash of 2008, to be sure) downgraded America’s credit outlook. Expect more downgrades if the game of chicken continues.

Disaster Capitalism in the Budget Debate

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Adam Eran: Historic tax reductions on the wealthy, and the Wall-Street-Fraud recession, have reduced public revenues, and this reduction now makes otherwise too-popular-to-cut programs vulnerable. But are such cuts really necessary?

Double Dip Here We Come

home vacancy

Republicans, for their part, worry that if they tell it like it is Americans will want government to do more rather than less. They’d rather not talk about jobs and wages, and put the focus instead on deficit reduction (or spread the lie that by reducing the deficit we’ll get more jobs and higher wages).

Then Just What Is Freedom?

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Steve Hochstadt: Isn’t freedom more than having a low tax rate? Doesn’t freedom mean the ability to direct our own lives, to influence the big decisions that affect our families, our workplaces, and our communities?

The Jobs Report, and America’s Two Economies

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Robert Reich: With corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you’d expect jobs be coming back. But you’d be wrong.

The Forgotten Jobless and Our Future

labor strike

Mark Vorpahl: As in the 1930s, today we must organize in a way that creates unity between the employed and unemployed. To start, we can organize the largest possible union-led demonstrations to realize this unity in the streets.

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