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.
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.
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.
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.
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.