History and Double-Dip Recessions

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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.

Lamar Smith’s E-Verify Arguments Defy Logic

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Michele Waslin: Studies have shown that E-Verify is deeply flawed. Not only does it fail to detect unauthorized workers over half of the time, but it would erroneously flag millions of U.S. citizens and legal workers as not being work authorized.

Immigrant Laborers Strengthen American Workforce, Economy

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Michele Waslin: While immigration restrictionists have long tried to demonize immigrant workers and blame them for high unemployment rates and other economic woes, the facts make it clear that immigrants actually create jobs and businesses and boost the wages of native-born workers.

Three Ideas to Fix the Economy

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Judith Stein: The chances of immediate action on jobs are remote, but analyzing the causes of the crisis, devising and promoting a program that can restore growth and jobs, and constructing a politics that can effect change is crucial because there will be future political openings.

Inflation — Fighting the Last War

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Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.

Our Fellow Felons

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Hannah Petrie: Even though the rates of drug-dealing and drug-using occurs equally among different races – (think weed here) whites deal to whites, blacks deal to blacks, Hispanics to Hispanics – it’s the people of color who get busted. And once you’re labeled a felon – and denied access to employment, housing, and other rights — your chances of returning to a straight and normal life are extremely low. It is a system designed to keep felons felons.

Social Costs of Rising Unemployment

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Sy Slavin: While economists and national policymakers discuss economics in coldly statistical terms, research has shown that social costs of economic downturns, particularly rising unemployment rates have personal and social costs not previously discussed.

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.

Black Women Jobless Rate

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Carl Bloice: Unemployment is up. Joblessness has increased for African Americans. Black women are being hit especially hard. The question now is whether the people running the country really care? And if they do, why are they avoiding the subject?

Loud, Bold, and Wrong

Tina Dupuy: Ryan, widely admitted Ayn Rand fanboy who seems unaware that she wrote libertarian-fantasy fiction while collecting social security and Medicare, is the new GOP “it” guy.

Ray-Ray, Boo, Chico, Pookie and Today’s Political Economy

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Carl Bloice: ‘The president and his aides know that the G.O.P. approach to the budget is wrongheaded and destructive,” New York Times columnist Paul Krugman wrote March 11. “But they’ve stopped making the case for an alternative approach; instead, they’ve positioned themselves as know-nothings lite, accepting the notion that spending must be slashed immediately – just not as much as Republicans want.

Can Krugmanomics Be Saved?

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Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.

The Real News on Jobs

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Robert Reich: Conservative economists have it wrong. The underlying problem isn’t that so many Americans have priced themselves out of the global/high-tech labor market. It’s that they’re getting a smaller and smaller share of the pie.

The Forgotten Jobless and Our Future

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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.

Alarmed & Angry at Christmas Time

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Carl Bloice: Reflect on the sudden, shocking awareness that that one third of the members of the U.S. House of Representatives are prepared to let 2 million people – victims of an economic crisis not of their making – face the holidays with no income.

Financial Depression Spreads Among Seniors

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Sherwood Ross: President Obama has U.S. taxpayers paying billions to meet the costly payrolls of 50,000 troops and 190,000 contractors in Iraq while 20-million-plus jobless are looking for work in USA and can’t find it.

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

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Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.

Economic “Recovery?” Not for You and Me

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Jim Fuller: The essential hidden fact of economics in 21st century America: What we have is exactly what the tiny economic elite, the one or two percent of richest Americans, wants us to have.

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