RJ Eskow: Many financially sophisticated investors and bankers will say privately that they agree that it’s only a matter of time until the next crisis comes.
Bill Gerencer: We may have to adjust the cap on the portion of income that contributes a percentage to social security. This will maintain a surplus. Second, Congress must give up its ability to borrow the surplus.
Kevin Zeese and Margaret Flowers: The fact that people are waking up and taking action gives us hope based not in the rhetoric of phony politicians but in the actions of the people. That is where the real power resides, if we exercise it.
David Love: Minority groups have been disproportionately affected by the Great Recession, and to make things worse, since the economic downturn, it appears diversity has not been a priority for employers.
Gary Cohn: California’s Enterprise Zone program has been under fire for years from critics who say that it simply rewards employers for moving jobs from one location to another — and who echo the charge that several of the so-called enterprise zones aren’t really in economically distressed regions.
Robert Reich: Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown.
Tina Dupuy: Because these giant corporations are getting a free pass by the very premise they create jobs, they’re in essence piling their tax burden onto their workers.
RJ Eskow: Dimon isn’t the cause of our economic problems. He’s merely a symptom. He’s no more responsible for the wreckage he leaves behind than a surfer is responsible for the undertow of the wave he’s riding. Dimon may lack moral sensitivity, but then, that’s the character that got him where he is today.
Randy Shaw: Now that cities offer walkable, bicycle-friendly, public transit-available neighborhoods with desirable restaurants and a high quality of life, the poor are being shunted to car-dependent suburban areas in economic decline.
Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.
Julie Driscoll: Students and their parents’ only hope is Elizabeth Warren and Sherrod Brown, two Democratic Senators who have the cojones to take on big banks, Wall Street, and the powers that be.
Berry Craig: Called the “Ride for Respect,” the demonstration at Walmart corporate headquarters in Bentonville, Arkansas, will be modeled on civil rights volunteers who rode buses into the South in the 1960s to protest Jim Crow racial injustice.
Brent Budowsky: Ryan famously tried to employ Catholic theology on behalf of his budget austerity against the poor, and was quickly forced to retreat as the absurdity of this view became obvious.