We Could Use A Little Class Warfare Right Now

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David Love: American politics is legalized bribery and corruption. With the social welfare system peeling away for austerity’s sake, American capitalism, unfettered, is reverting back to its natural state of exploitation – allowing a few winners, mostly losers, and a lot of cold-bloodedness and cold-heartedness to go around.

The Republican Weapon of Mass Cynicism

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Robert Reich: If we can’t trust government at a time like this, whom can we trust? Corporations? Wall Street? Bill Gates and Warren Buffett? Or is each of us now simply on our own?

S&P: So What!

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Mark Pash: Ongoing investigations by the SEC and Justice Department, Congress and federal regulators who are looking at ways to implement the Dodd-Frank Act, which contains provisions aimed at reducing the raters’ role in the financial system.

Inequality: The Real Cause of America’s Economic Woes

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Robert Reich: During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged.

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Obama’s Jobs Speech: Prepare to Be Underwhelmed

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Joseph Palermo: President Obama’s much anticipated speech outlining his jobs agenda for the 2012 election year will sound a lot like a tiny mouse trying to make a loud roar. Instead of clarity, we’ll get hedging; instead of “bold,” we’ll get wishy-washy.

Stock Tip: Be Worried. Workers are Consumers.

Iranian medical delegation at the Agent Orange conference in Hanoi.

Robert Reich: Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they’re shooting themselves in the feet. Where do they expect demand for their products and services to come from?

Stock Market Crash: What are the Politics Behind It?

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Robert Brent Toplin: Conservatives often tout the benefits of “free” markets, but in practice, market fundamentalism has produced a troubled history.

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Why S&P Has No Business Downgrading the U.S.

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Robert Reich: S&P’s intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P’s failures (along with the failures of the two other major credit-rating agencies — Fitch and Moody’s) to do their jobs before the financial meltdown.

For Progressives, Debt Ceiling “Deal” Was a Real Downer

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Joseph Palermo: The last-minute lobbying by the titans of industry and finance shows that President Obama might have had more leverage over the Republicans in the debt ceiling “negotiations” than he chose to exercise. We now breathlessly await the arrival of the “Super Committee,” the tragedy that follows the farce.

The Shameful Murder of Dodd Frank

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Robert Reich: Wall Street has effectively neutered the Dodd-Frank law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.

From Casey Anthony to Wall Street: Crime Pays

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Brent Budowsky: One of the great sources of outrage in our age is that again and again, crime pays. The victims, from young girls who die while vermin eat their corpse to embezzled investors who lose their money, from tortured prisoners to jobless workers to homeless victims of mortgage fraud, pay the price.

The Poor of New York: Old-Fashioned Melodrama New Again

Alex Parker and Kate O'Toole (Photo: Henry Holden)

Ed Rampell: Although, as this highly recommended play rightfully reminds us, poverty – then and now – is serious business. Greed was not good when perpetrated by Wall Street’s Gordon Gekkos of 1837, or today.

The Carnage on Wall Street

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Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.

Jamie Dimon’s Bizarre Idea About Why Recovery Stalled

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Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.

How to Get Washington’s Attention

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Robert Reich: The leaders of the Street and big business may now have to wake up to a reality they’ve tried to avoid — that the central economic problem of our time isn’t the long-term budget deficit but the immediate deficit in aggregate demand.

The Battle for the Soul of the GOP

Robert Reich: Tea Partiers have almost as much contempt for big business and the Street as they do for government. After all, the Tea Party was born in anger over the Wall Street bailout. This is the heart of the civil war in the GOP.

What Will It Take to Bring Obama Home?

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David A. Love: Part of the problem is Obama’s quixotic journey to the political center. There is nothing in the middle of the road but yellow lines and road kill, and you’d better believe it. Although his campaign rhetoric was progressive, this president chooses to govern from the middle.

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A Tale of Two Town Halls

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Joseph Palermo: The Republican House members who voted for Paul Ryan’s Ayn Rand wet-dream budget are apparently getting an earful from their constituents.

The Wageless Recovery

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Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?

Disaster Capitalism in the Budget Debate

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Adam Eran: Historic tax reductions on the wealthy, and the Wall-Street-Fraud recession, have reduced public revenues, and this reduction now makes otherwise too-popular-to-cut programs vulnerable. But are such cuts really necessary?

Double Dip Here We Come

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Republicans, for their part, worry that if they tell it like it is Americans will want government to do more rather than less. They’d rather not talk about jobs and wages, and put the focus instead on deficit reduction (or spread the lie that by reducing the deficit we’ll get more jobs and higher wages).

Done Biting My Tongue: An Open Letter to President Obama

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Miles Blue: I bit my tongue when the national economy was placed in the hands of the very people who were largely responsible for the recent economic debacle, with absolutely no explanation as to why such appointments were warranted.

Economic Powerhouse Germany

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Steven Hill: Germany has evolved a social capitalism which has proven to be more stable and efficient than America’s Wall Street capitalism, not to mention more ecologically sustainable.

Wall Street’s Birthday Nothing to Crow About

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Robert Reich: Happy Birthday Wall Street. Party away. Just know that most Americans aren’t joining the celebration.

Losing the Narrative on Public Employee Unions

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Joseph Palermo: Despite what some polls are telling us the Democrats at the national level are rapidly losing the narrative thread on the issue of collective bargaining rights for public employees.

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Sacramento County’s General Plan, Part Deux

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Mark Dempsey: Besides the history of local development, recent lapses by our politicians, who regularly bow to speculation and greed, don’t exactly inspire confidence. Wall Street speculators absconded with 40% of the world’s wealth, and only Bernie Madoff is in jail.

Scott Walker Lies

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Walter Brasch: Newly-elected Gov. Scott Walker and the Republican-dominated Wisconsin legislature have proven themselves to be “quick studies,” having learned how to tell whoppers about the working class and unions.

The Republican Shakedown

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Robert Reich: As long as Democrats refuse to talk about the almost unprecedented buildup of income, wealth, and power at the top – and the refusal of the super-rich to pay their fair share of the nation’s bills – Republicans will convince people it’s all about government and unions.

The Jobs Report, and America’s Two Economies

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Robert Reich: With corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you’d expect jobs be coming back. But you’d be wrong.

What Is To Be Done About the State of Our Union?

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Lydia Howell: Nine months after taking office, Obama began slamming the Democratic Party’s liberal/progressive base for daring to notice, much less criticize, his corporate-friendly policies and center-right positions. In the wake of his Simpson-Bowles Deficit Commission, Obama will likely make a sober call for national sacrifice.

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