It’s the Jobs, Stupid

President Barack Obama greets staff of Council of Economic Advisers (Official White House Photo by Pete Souza)

Brent Budowsky: Obama needs to contemplate the possibility that his legacy will be “the jobless president.” He should fight to become “the jobs president.”

Herman Cain No More

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Steve Hochstadt: Palin and Cain are not foolish. They recognized that the elemental ideas of the Tea Party supporters could be exploited by slick slogans and political gimmicks.

Are Republican Candidates Good Businessmen?

global warming hoax

Steve Hochstadt: The Republican candidates for President often say that government should be run like a business. Yet businesses take a very different attitude toward the science of global warming than Republican politicians.

Lost Decade?

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John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.

The Day the GOP Shot Ol’ America Down

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Ted Vaill: In less than a month, unless they relent in their effort to destroy the American (and the world) economy to curry favor with their Tea Party wing, the Republicans in Congress will cause the American government to default on its debt, on August 2, 2011 or thereabouts.

The Next Global Crash

debt ceiling

Brent Budowsky: Make no mistake: If the debt ceiling is not extended and America goes into default, markets and economies around the world will probably crash.

Obama’s Policy Toward Yemen is Failing on Food

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William Lambers: President Obama and Secretary Clinton have both stated how a strong, stable Yemen is a vital national security priority. The Senate, citing Al Qaida’s presence, has emphasized the same through a resolution. But where is the food?

Financial Reform Too Small to Succeed

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Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.

Break Up the Banks

Stimulus

Robert Reich: As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big. By all means, give regulators resolution authority and also impose the tightest regulations possible. But Congress and the White House shouldn’t stop there. Limits should be placed on how big big banks can become.

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