Robert Reich: RBoth Obama and Romney assume the recovery will continue, even at a slow pace, and that we’ll be back to normal at some point. But I’m not at all sure. “Normal” is what got us into this mess in the first place.
Steve Hochstadt: Romney thinks that the people who got the jobs he says he created are those irresponsible parasites who are hopelessly dependent on government. That is ironic.
Ekkeb Brown: Insolvent banks should be put through receivership and bankruptcy before the government takes them over. That would mean making the creditors bear the losses, standing in line and taking whatever money was available, according to seniority.
Charley James: Reports surfaced today that Nobel Prize Winning economist Dr. Paul Krugman will be offered the job of chairman for the White House Council of Economic Advisors.
DeAnn McEwen: Proposition 32 was written to limit the voice of nurses and other working people in Sacramento, while giving free reign for corporate interests and the wealthiest Californians to exert limitless influence over public policy.
Allison Mannos: Activists in L.A. can take heart from the recent turn of events in Brooklyn, New York, where a fight raged for two years against Walmart.
Ellen Brown: The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives.
John Peeler: We need a capitalism in which no firm is too big to fail, in which corporations serve the public interest, and in which every person has a solid foundation for living a productive life..
Brad Parker: Does it not follow then that Grover Norquist, at his core; is actually the Manchurian Taxman sent to rend America asunder in the name of Chaos and not the flag bearer of Conservative piousness and the entrenched Plutocracy?
Vivian Rothstein: Most Long Beach hotel workers live, work and shop in the city. And if the hotel living wage passes, they’ll have more money to put into the Long Beach economy.
Carl Bloice: The words of a party’s platform and the declarations of its candidate don’t mean much in the real world of political wheeling and dealing.
Sylvia Allegretto: In recent expansions post-recession income gains have taken longer to materialize and given the enormity of the Great Recession it may be years before we see any improvement.
Robert Reich: Middle-class consumers won’t and can’t spend because their savings are depleted, their homes are worth a fraction of what they were five years ago, their wages are dropping, and they’re worried about keeping their jobs.