Interpreting the Failure of Prop 1A

california-budget

Immediately after the election, the Governor announced that the “voters had spoken” and that the defeat of Prop 1A “clearly” meant that Californians stood adamantly against any new taxes or fees. He must have been reading the leaves in the bottom of his tea cup in order to come to a favored conclusion, however, because [...]

Stimulate the Economy by Mending Our Safety Nets

piggybank

Lots of talk this week about the proposed stimulus. One high priority ought to be the most vulnerable members of our society. The safety net created in the 1930s to protect Americans from extreme poverty is in tatters. Now that we’re in the worst downturn since the Depression, that safety net needs mending. This should [...]

Where Is California’s Barack Obama?

Fresh off a thrilling presidential campaign, California Democrats face a Governor’s race without a candidate that can rally a multi-racial, class-crossing grassroots base. The three most talked about candidates — Dianne Feinstein, Jerry Brown and Gavin Newsom — neither offer a sharply new direction nor provide the transformational message that was at the heart of [...]

The End of the Great Moderation, the Bailouts of Freddie & Fannie and Wall Street, and the Tattered Safety Net for Everyone Else

Robert Reich

by Robert Reich — As we bail out Wall Street along with Freddie and Fannie and all the top financial executives who have been pocketing tens of millions a year, yet allow millions of homeowners and jobless Americans to sink, it’s worth contemplating what’s happening to the American economy and to our social safety nets.

If You’re Not Angry and Bitter, You’re Not Paying Attention

A one-sentence comment posted in the blogosphere really nails it. As the political hissy-fit over Barack Obama’s “bitter” remarks continues to heave itself on the floor like some three-year-old tantrum-thrower in the canned soup aisle at the grocery store, a blogger calling herself Lugnut spells it out: “If you’re not angry and bitter, you’re not [...]

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