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.

California Legislature Passes Bill to Study State-Owned Bank

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Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.

The Oddness of the President’s Upcoming Deficit-Reduction Plan

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Robert Reich: When unemployment is still in the stratosphere, it would be insane to start cutting the deficit by $3 trillion to $4 trillion. That would push unemployment into outer space.

When Else Have Poor People Been So Disenfranchised?

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Jerome Braun: Lincoln didn’t fear the rich and powerful as much as he wanted to help the poor and helpless. Some have compared Barack Obama to Abraham Lincoln. Would that it be so.

Immigrant Laborers Strengthen American Workforce, Economy

workers statue

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.

North Dakota’s Economic “Miracle”—It’s Not Oil

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Ellen Brown: North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008.

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.

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.

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.

Jumpstarting Returning Veterans into Firefighting Careers

New York Firefighters Rescue in Worst Storm

State legislation that would provide returning Iraq, Afghanistan and other veterans exclusive opportunities to become state-certified firefighters has received the endorsement of the chair of the Veteran’s Caucus of the California Democratic Party.

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.

Politics of Inaction: The Reality Behind the Jobless Stats

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Carl Bloice: Our principle concern here must not be the 2012 Presidential election but the condition of the almost 12 milion people who want to work and can find no employment.

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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.

Portland Rising! Rally and March to Demand Jobs, Not Cuts!

Mark Vorpahl: Labor and the community members can begin to exercise their voice by taking to the streets in a clear display of massive unity behind such demands as for a federally funded jobs program and no cuts to the social safety net.

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.

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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.

With Federal Benefits Set to Expire, Unemployed Workers Face Shrinking Safety Net

People with No Job

Marian Wang: Not extending federal unemployment insurance, it noted, would cause 2 million unemployed workers to be cut off from federal unemployment benefits by the end of the year.

Why Poverty Spreads Across America

Camden, New Jersey, street scene.

Sherwood Ross: Pockets of poverty, like the sores of some malignant disease, are spreading across America, as its states and cities go broke and bankrupt.

Amazing Germany’s Declining Unemployment: How Do They Do It?

Chancellor Angela Merkel

Steve Hill: the government of Chancellor Angela Merkel not only pursued different economic policies than the Obama administration, but Germany also has a greater degree of economic democracy than the U.S.

African American Youth Joblessness and the “New Normal”

unemployed black youth

Carl Bloice: If it remains almost impossible for a couple of generations of young women and men to earn a decent living, it is calamitous for black people and the country. They cannot become the personification of the “new normal.”

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.

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