The Texas Economic Model

hungry-texas-wide

Steve Hochstadt: Republicans don’t mention poverty, because they don’t plan to do anything about it. The millions of poor Americans are invisible to Republican politicians. They pretend that trickle-down economics will reach the poor, but it hasn’t and won’t.

The Right to a Job

fdr's new deal

Herb Engstrom: At this time of TEA Party hysteria, Fox News mendacity, and GOP hypocrisy a government guarantee of universal employment might seem like a radical idea, although it seemed not to be so to Franklin Roosevelt.

Obama’s Bold Jobs Bill (Maybe)

obama-crowd-wide

Robert Reich: A bold jobs plan is also good politics. With more than 25 million Americans looking for full-time jobs, the wages of people with jobs falling, and an economy on the verge of a double dip, the President has to come out fighting on the side of average people.

Inflation — Fighting the Last War

pat-toomey-wide

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.

Republican Double-Dip: What Must Be Done

bull market

Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.

The Costs of War

black unemployment

Vijay Prashad: The drain of wealth to the war economy is a massive regressive taxation on the population: the rich who pay a much smaller proportion of their taxes and the corporations are insulated from the costs of war, and indeed some of them benefit from the windfalls of war.

The Empty Bully Pulpit

Robert Reich: Barack Obama is one of the most eloquent and intelligent people ever to grace the White House, which makes his failure to tell the story of our era all the more disappointing and puzzling.

Where Have All the Jobs Gone?

judith stein

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.

Back Toward Double Dip

obama-republicans-wide

Robert Reich: The Republican lie that the nation’s long-term budget deficit is responsible for high unemployment would be laughable if it weren’t so tragically irrelevant to the current situation.