Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?
Robert Reich: The two American economies — the Big Money economy and the Average Working Family economy — will continue to diverge. Corporate profits will continue to rise, as will the stock market. But typical wages will go nowhere, joblessness will remain high, the ranks of the long-term unemployed will continue to rise, the housing recovery will remain stalled, and consumer confidence will sag.
Brent Budowsky: President Obama can rejuvenate his presidency by mobilizing every weapon against the aggressive war being waged against him, while seizing the high ground by offering Republicans a genuine role in a national unity program that the majority of voters want.
Ron Wolff: So, will someone please explain to me how CEOs getting wealthy and average workers being cheated out of hard-earned wages is part of the American dream?
Tracy Emblem: Some say government should not be in the business of creating jobs. They are wrong. The government is the custodian of the public land and buildings. All improvements thereto benefit the people. President Roosevelt put people to work improving the public lands with roads and structures when the U.S. had 25-percent unemployment. In 2008, economists warned the government that we could suffer that again if we did not bail out Wall Street. Well, now, Main Street needs a hand.
Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we practice it. Start with the U.S. economy’s most powerful government agency: The Fed, of course. Its decision this week to hold short-term interest rates steady was wrong, in my view; it should have lowered them because [...]
Once again the Bush Administration and Congress are shilling for big business at the expense of labor. Labor much like capital is ruled by the law of supply and demand. According to the UFW website , last month more than 5,000 UFW supporters sent e-faxes to the Department of Labor (DOL) telling them instead of [...]