The Stock Market Rally Versus the World’s Economic Fundamentals

happy labor day

Robert Reich: The real economy is jobs and paychecks, what people buy and what they sell. And the real economy — even viewed from a worldwide perspective — is as precarious as ever, perhaps more so.

The Two Stories of This Terrible Economy, Yet Obama and the Dems Won’t Tell Theirs

gop gloom and doom

Robert Reich: Republicans lack specific policies but they have a story. Obama and the Democrats have lots of specific policies but don’t have a story. That spells even more trouble for Democrats.

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.

Corporate Rotten Eggs

chicken farm

Robert Reich: A national database of corporate crimes and settlements would tip off federal, state, and local inspectors to rotten eggs like Jack DeCoster’s agribusiness, Massey Energy, BP, Bridgestone Firestone, and other serial corporate offenders.

Why Growth Is Good

double dip recession

Robert Reich: If governments keep hacking away at their budgets while consumers almost everywhere are becoming more cautious about spending, global demand will shrink to the point where a worldwide dip is inevitable.

Forget Double Dip: We’re Still in One Long Big Dipper

recession

Robert Reich: It’s nonsense to think of the economy heading downward again into a double dip when most Americans never emerged from the first dip. We’re still in one long Big Dipper.

LA Progressive: August 8 to 15, 2010 — Articles

Articles by Robert Reich, Anthony Samad, Walter M. Basch, Ron Wolff, Randy Shaw, Ted Vaill, Randy Shaw, Steve Hochstadt, Gary Corseri, Georgianne Nienaber, Tina Dupuy, Sharon Kyle, Seth Hoy, Marian Wang, Ivan Eland, Jasmyne Cannick, Howard Roth, Katherine Smith, Michael Sigman, John Summers, Denis Campbell, Norman Solomon, Peter Dreier, Diane Lefer, Andrea Nill, Joseph Palermo, Jim Fuller, Gautam Dutta, Wais Hassan, and Aqeela Sherrills

America’s Biggest Jobs Program: The U.S. Military

Robert Reich: Having a giant undercover military jobs program is an insane way to keep Americans employed. It creates jobs we don’t need but we keep anyway because there’s no honest alternative.

The Jobs Emergency

camp foreclosure

Robert Reich: We need a response proportional to the crisis. Obama, Pelosi, and Reed should summon Congress back to Washington for action on the jobs emergency.

We’re Even Deeper in the Hole

Works Projects Administration

Robert Reich: An extraordinary number of Americans are still hurting. It’s more important than ever for the US government to step in with a larger stimulus that puts more people to work and tax cuts for people who will spend them

Alan Greenspan, Robert Rubin, and Herbert Hoover

herbert hoover

Robert Reich: Both Greenspan and Rubin are deficit hawks. So was Herbert Hoover and so was Hoover’s Treasury Secretary Andrew Mellon. And look what Hoover and Mellon got us into. When we least need him, Hoover is being exhumed.

LA Progressive: 1 August to 7 August, 2010

Articles by Robert Reich, Andrea Nill, John Peeler, Anthony Samad, Tina Dupuy, Rev. Irene Monroe, Sikivu Hutchinson, Steve Hochstadt, Berry Craig, Michael Sigman, Dick Price, Paul Loeb, Paul Hogarth, Ron Wolff, Mark Naison, Randy Shaw, Marcus Stern, Ed Rampell, Matthew Kavanagh, Sharon Kyle, Sylvia Moore, Tom Hall, Berry Craig, Ed Rampell, Mike Price, Seth Hoy, Pete Daniel, Tom Degan, and Joel K. Goldstein

The Enthusiasm Gap and You

hope revisited

Robert Reich: Average Americans are hurting. But their pain isn’t coming from government. It’s coming from an economy whose benefits are concentrating ever more at the top, whose giant corporations are controlling ever more of our democratic process, and whose costs and risks are becoming ever more burdensome for the middle class and the poor

Origins of the Enthusiasm Gap

reverse donkey

Robert Reich: Whatever the outcome of the upcoming midterm elections, the activist phase of the Obama administration has likely come to a close. The President may have a fight on his hands even to hold on to what he’s already achieved because his legislative successes have been large enough to fuel strong opposition but not big enough to strengthen his support. The result could be disastrous for him and congressional Democrats.

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.

LA Progressive — July 25 to 31, 2010

Articles by Jules Siegel, Wendy Block, Robert Reich, Randy Shaw, Ivan Eland, Michele Waslin, Steve Hochstadt, Tina Dupuy, Norman Soloman, Gene Rothman, Andrea Nill, Randy Shaw, Will Coiley, Michael Sigman, Paul Hogarth, Shamus Cooke, Peter Dreier, Robert Reich, Diane Lefer, Sharon Kyle, Ivan Eland, Matthew Kavanagh, Jonathan David Farley,Rev. Irene Monroe, Georgianne Nienaber, Jerry Drucker, Anthony Samad, Sherwood Ross, Michael Sigman, and Tom Degan

LA Progressive Articles — 11 July to 17 July, 2010

Articles by Sylvia Moore, Sikivu Hutchinson, Sherwood Ross, Tom Degan, Sharon Kyle, Ivan Eland, David Swanson, David Love, Seth Hoy, Rev. Irene Monroe, Robert Reich, Michelle Waslin, Tina Dupuy, Tracy Emblem, Anthony Samad, Randy Shaw, Michael Sigman, Joseph Palermo, Andrea Nill, Tom Jacobs, Paul Hogarth, Georgianne Nienaber, Mario Solis-Marich, Michaelangelo Price, Ruth Rosen, Linda Milazzo, Berry Craig, and Robert Illes,

New Finance Bill: Mountain of Legislative Paper, Molehill of Reform

Lloyd Blankein, Goldman Sachs

Robert Reich: The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish the economic and political power of these giants.

What Teabaggers Owe Liberals

recovery

Sherwood Ross: Get it straight: the best remedy for what ails America is to pay working people fairly. It is the toil and dollars of the American people that made America great.

Why We Can’t Rely on Foreign Consumers to Rescue American Jobs

jobs

Robert Reich: Trade can’t possibly be a source of new American jobs. To the contrary, it reduces overall demand in the United States.

The Vanishing American Consumer and the Coming Trade War

g-20 summit

Robert Reich: We’re unlikely to see a repeat of the disastrous Smoot-Hawley tariffs that worsened and lengthened the Great Depression. But you can forget trade-opening agreements. In Toronto last week, the G-20 leaders dropped their 2009 pledge to finish the Doha round this year. In the U.S., agreements with South Korea, Panama, and Columbia are languishing.

LA Progressive Articles: June 13 to 19, 2010

Articles by Berry Craig. Tina Dupuy. Michele Waslin. Lawrence Wittner. Ron Wolff. Robert Reich. Anthony Samad. Kamala Lopez. Randy Shaw. Georgianne Nienaber. T. Christian Miller. Andrea Nill. Natasha Minsker. Steve Hockstadt. Mike Price. Tracy Emblem. David Love. Lydia Howell. Blair Fox, Tom Degan, David Love, Seth Hoy, Gary Corseri, Walter G. Moss, Ivan Eland, Joseph Palermo, Georgianne Nienaber, Jim Fuller, Andrea Nill, Michael Sigman

Bottlenose Dolphin Teeth, British Petroleum PR, and Reality on the Mississippi Delta

Image BP presented to Houma community regarding beach clean-up

Georgianne Nienaber: There is a deep distrust of anything British Petroleum has to say here in south Louisiana, and the President’s claim that 90 percent of the flow will be stopped by the middle of July is being roundly criticized. If the number came from BP, there is good reason to be incredulous.

LA Progressive Articles: June 6-12, 2010

Articles by Anthony Samad, Gil Troy, Paul Hogarth, Seth Hoy, Carl Matthes, Andrea Nill, Randy Shaw, Tom Degan, Marcy Winograd, Seth Hoy, Mark Bowen, Gary Coseri, Michael Sigman, Tom Hall, Sharon Kyle, Robert Reich, Tom Degan, Sikivu Hutchinson, Adam Eran, Carl Bloice, Shamus Cooke, and Tina Dupuy

Friday Feedback: Getting Stuck with the Bill

Friday Feedback: Obama’s all talk and no action on the oil gusher because his job is to usher in the new era of Plutocracy for the United States. His words are designed to appease us long enough for the Masters of the Universe to take complete control over our government.

Put Jobless Young People to Work Cleaning Up BP’s Mess on BP’s Dime

oil spill cleanup

Robert Reich: Friday’s job report was awful. For most new high school and college grads finding a job is harder than ever. Meanwhile, states are cutting summer jobs for disadvantaged young people. What to do with this army of young unemployed? Send them to the Gulf to clean up beaches and wetlands, and send the bill to BP.

LA Progressive Articles — May 30 to June 5, 2010

Articles by Norman Solomon, Sherwood Ross, Michaelangelo Price, Tina Dupuy, Tim Gatto, Georgianne Nienaber, Robert Illes, Lawrence Wittner, Seth Hoy, Ivan Eland, Shamus Cooke, Robert Reich, Linda Milazzo, Tom Degan, Ivan Eland, William Lambers, Michael Sigman, Anthony Samad, Michael Sigman, Jim Fuller, Andrea Nill

LA Progressive: 23 to 29 May 2010 Articles

Articles by Patrick Henningsen, Tom Hall, David Swanson, Randy Shaw, Irene Monroe, Paul Hogarth, Norman Solomon, Tracy Emblem, Andrea Nill, Michele Waslin, Michael Sigman, Linda Milazzo, Sharon Kyle, Walter Moss, Mike Price, K. Danielle Edwards, Brad Parker, Michele Waslin, David Love, Tina Dupuy, Michael Sigman, Joseph Palermo, Robert Reich, Carl Bloice, Anthony Asadullah Samad, Diane Lefer, and Adam Eran

Wall Street’s Political Poison Still Catnip for Many Incumbents

Robert Reich: Today’s quiz: At a time when California’s Republican gubernatorial candidate Meg Whitman is losing ground to her Republican rival in the primary because of her ties to Wall Street…when Wall Street is political poison, why are politicians still so intent on doing its bidding?

LA Progressive: May 9 to 15, 2010

Articles by Rev. Irene Monroe, Randy Shaw, Georgianne Nienaber, John Delloro, Ed Rampell, Noman Solomon, Paul Hogarth, Paul Loeb, Ivan Eland, Jim Fuller, Carl Matthes, Andrea Christina Nill, Tom Hall, Charley James and Lulu Demaine, Berry Craig, Tom Degan, Robert Reich, Carl Bloice, Tracy Emblem, Tina Dupuy, Jeffrey Blankfort, Anthony Samad, Michael Sigman, and Johnny Townsend

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