Household Income: Slip Slidin’ Away

sylvia allegretto

Sylvia Allegretto: In recent expansions post-recession income gains have taken longer to materialize and given the enormity of the Great Recession it may be years before we see any improvement.

The Romney Economic Plan’s Misreading of History

reagan staff

Iwan Morgan: Present-day Republicans should not be allowed to get away with rewriting the 1980s in support of their economic proposals for the second decade of the twenty-first century.

How Democrats Exploit Occupy

may day

Ann Robertson and Bill Leumer: The 99% Spring is the latest effort by those close to the Democrats to take advantage of Occupy, but the results were less than spectacular.

Time to Retire the 99 Percent

occupied wall street journal

Walter Brasch: It’s time to retire the 99 percent. Not the people, but the slogan that identifies the Occupy Movement.

What European Elections Should Teach Obama

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Randy Shaw: Europe’s lesson is that Obama should far more aggressively promote public investment, job creation, and other economically populist – and popular – measures.

The Tinder-Box Society

poverty

Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.

The Jobs Report: Don’t Break Out the Champagne

occupy bonus

Robert Reich: When people ask me what Congress is likely to do I always say the same thing: The odds are in favor of nothing.

History and Double-Dip Recessions

obama senior staff

Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.

Stock Market Crash: What are the Politics Behind It?

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Robert Brent Toplin: Conservatives often tout the benefits of “free” markets, but in practice, market fundamentalism has produced a troubled history.

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How Austerity Is Ushering in a Global Recession

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Robert Reich: Chalk up a big part of Europe’s slowdown to the politics and economics of austerity. Europe – including Britain – have turned John Maynard Keynes on his head. They’ve been cutting public spending just when they should be spending more to counteract slowing private spending.

A Punishing Educational Curriculum

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Walter Brasch: Colleges have stayed ahead of the Recession by becoming business models, where students are “inventory units,” and success is based upon escalating profit.

Republican Double-Dip: What Must Be Done

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Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.

The Dangerous Hi-Jinks of the GOP’s Juveniles

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Robert Reich: The GOP’s experienced actors – House Speaker John Boehner and Senate Minority Leader Mitch McConnell – have been upstaged by juveniles like Eric Cantor and Michele Bachmann, who don’t know the difference between playacting and governing. Washington has gone from theater to reality TV – a game of hi-jinks chicken that could end in a crash.

Jobs Crisis Is About People’s Lives, Not the Next Election

unemployed black youth

Carl Bloice: If one out of ten people seeking work can’t find any, it follows that the average person has a friend, relative or neighbor amongst them. All she or he has to do is look out the window or answer the phone to be scared.

Lost Decade?

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John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.

The Rich Are Destroying the Economy

bank-robbery

Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?

Where Have All the Jobs Gone?

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Judith Stein: If President Obama wants the United States to manufacture again, he must change foreign and domestic priorities. The United States is more committed to maintaining its open market than to providing jobs for Americans.

Why Washington Isn’t Doing Squat About Jobs and Wages

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Robert Reich: The silence is deafening. While the rest of the nation is heading back toward a double dip, Washington continues to obsess about future budget deficits. Why?

Jobs: An Angry Dissent

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Brent Budowsky: Never before in American history has unemployment been so high, yet neither the president nor Congress pushes for a major jobs bill.

Depression, Not Recession Rocks U.S. Ghettos

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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.

The Republican Plan with Lipstick

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Robert Reich: Republicans figure that if they can’t sell the pig, they’ll just put lipstick on it and find some suckers who will think it’s something else.

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?

As the Global Economy Trembles, Our Nation’s Capital Fiddles

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Robert Reich: In the past I’ve often wondered whether they’re knaves or fools. Now I’m sure. Republicans wouldn’t mind a double-dip recession between now and Election Day 2012.

Why Obama Isn’t Fighting the Budget Battle

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Robert Reich: Obama won’t actively fight the budget battle if the current White House view of how he wins in 2012 continues to prevail.

Shock Wave Coming

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Brent Budowsky: The economic and political shock wave will be momentous as budget politics will increase joblessness and reveal with brutality that Washington is out of touch with heartland America and dominated by special interests that voters deplore.

Jerry Brown’s Budget

Ron Wolff: California’s “new” (but experienced) governor is bringing some urgently needed honesty and fresh thinking to the budgeting process in a state weary of smoke, mirrors, a two-thirds requirement in the legislature for tax increases, and the ravages of a recession imposed largely by external forces.

The Real Economic Lesson China Could Teach Us

hu obama poker

Robert Reich: China is eating our lunch. Why? It has a national economic strategy designed to create more and better jobs. We have global corporations designed to make money for shareholders.

Census Shows Population Gains Due to Growing Latino Population

Michele Waslin: States considering anti-immigrant legislation will have to reconsider whether forcing out immigrants is worth potentially losing a Congressional seat, federal funding for schools, roads, and infrastructure, and its reputation.

Why America’s Two Economies Continue to Drift Apart

unemployment

Robert Reich: Nothing is trickling down to the Average Worker economy. Job growth is still anemic. Unemployment won’t get down to pre-recession levels for 20 years. And almost half of October’s new jobs were in temporary help.

Seven Reasons Why Capitalism Can’t Recover Anytime Soon

economy

Shamus Cooke: To deal with working people more ruthlessly, the radical right is being unleashed. In normal times these bigots yell furiously but no one listens. But in times of economic crisis they’re given endless airtime on all major media outlets.

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