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.
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.
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.