Yeah, It’s the Economy, Sherlock

Carl Bloice: Any member of Congress who thinks obstructionism is the way to win elections should know that in two years we will be sure that voters will know who stood in the way of jobs. We have an energized membership that’s ready to fight, and we’re going to give it everything we have.

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.”

Meg Whitman, Job Killer

john mccain and meg whitman

Craig Williams: The countless ads by Whitman in the current California gubernatorial race lead most people to believe that she’s been creating lots of jobs. But when you take a close look at what her company EBAY actually does, on balance she may well be the jobs killer.

The Fed’s New Bubble (Masquerading as a Jobs Program)

economic collapse

Robert Reich: The latest jobs bill coming out of Washington isn’t really a bill at all. It’s the Fed’s attempt to keep long-term interest rates low by pumping even more money into the economy (“quantiative easing” in Fed-speak).

The Struggle for a Workers’ Recovery

Shamus Cooke: The massive One Nation demonstration in Washington, D.C. proved that unions and other progressive groups can unite under a set of demands. But uniting for one demonstration is not enough.

Why It’s Foolish to Weaken the Dollar to Create Jobs

bread dollar

Robert Reich:I keep hearing the only way we’re going to get jobs back any time soon is with a weak dollar. Baloney.

Republican Economics as Social Darwinism

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Robert Reich: John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”

Of Course Poverty Is On the Rise In Charles Dickens’ America

poverty

David Love: That anyone can actually utter the words “the recession is over” at a time of mass unemployment, foreclosures, homelessness and general despair tells you all you need to know about America. The nation actually exists as two nations: the few that have, and the many who don’t.

Meg’s Vicious Campaign

Randy Shaw: Few actions are more despicable than a multi-millionaire promoting making life worse for the very poor. Yet that’s what California Republican Governor candidate Meg Whitman is doing to get votes, even arguing that our lowest-income families should be removed from welfare altogether after two years.

Europe’s Challenge: “Out of Many, One”

european map

Steven Hill: Perhaps the challenge for Europe is to reinvent what “union” means, fashioning suitable institutions for the 21st century.

Corporate America: Don’t Kill the Goose that Lays the Golden Egg

golden egg

Tracy Emblem: America has always been the land of opportunity which is why Corporate America must begin to renew its investment and partnership in our nation’s job force and keep America’s promise to keep the American Dream within reach.

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.

The Real Lesson of Labor Day

american flag

Robert Reich: Face it: The national economy isn’t escaping the gravitational pull of the Great Recession. None of the standard booster rockets are working.

Labor Organizers Can Beat Army for Exciting Lives

strike

Sherwood Ross: Without unions, human beings will subsist in a world of wage-slavery, of “haves” and “have nots,” rather than in a world where the average person has a chance at making a decent living.

Americans Need a Job

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Tracy Emblem: Workers are the backbone of America but the backbone has been aching for some time and needs immediate and serious attention – through job creation policies.

Why A Civil Society Extends Unemployment Benefits

unemployment

Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.

New Study Shows Immigrants Boost Wages And Productivity

migrant workers

Andrea Nill: The study conclusively states, “there is no evidence that these effects take place at the expense of jobs for workers born in the United States.”

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

economy

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.

The Economic Fallacy of ‘Zombie’ Japan

happy worker

Steven Hill: Paul Krugman and others have got Japan wrong: Americans should be so lucky as to get a Japanese-style lost decade

Pushing Working People Down

strike

Jim Fuller: Probably the most obvious example so far of how the very rich are using this economic downturn to consolidate their power is the strike by 305 hourly workers at the Mott’s apple juice plant in upstate New York.

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.

Capitalism Is Killing Us

china number two

David Love: While Chinese workers jump out of windows, Americans are dying as well. In the U.S., workers die on exploding oil rigs and in deathtrap coal mines because their regulation-hating employers want to maximize profits.

A Permanent Housing Collapse?

Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.

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.

Economic “Recovery?” Not for You and Me

works progress administration

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.

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.

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.

The Great Decoupling of Corporate Profits from Jobs

Robert Reich: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.

Dysfunctional Politics Begets Suicidal Policies

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David Love: The Republican party faithful care little about the lives of everyday people. But they do care about their corporate benefactors. They claim to care so much about deficit reduction that they do not want to extend unemployment benefits, yet they want to extend the very tax cuts that wrecked the U.S. economy.

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