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).
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.
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.
Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.
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.
Robert Reich: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.