Richard Eskow: Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense.
Randy Shaw: While progressives debate whether President Obama could have used his “bully pulpit” to overcome GOP opposition to reviving the nation’s economy, let’s accept that in 2013-14 activists can more effectively address economic justice measures at the state level.
RJ Eskow: Will Kamala Harris hang tough in her new lawsuit against JPMorgan Chase, the first to target individual bankers accused of defrauding the public? If so, it would be the first time in five years that executives at a major bank have personally paid a price for their misdeeds.
ecently, news reporters have been sounding almost giddy, saying that unemployment is dropping, housing prices are rising and the stock market is growing to new highs. But, these reports do not ring true with what people see around them. When you look beyond the sunny headlines, the sad reality is mirage recovery. The economy is limping […]
Robert Reich: When Republicans can’t directly repeal laws they don’t like, they repeal them indirectly by hollowing them out — denying funds to fully implement them, and reducing funds to enforce them.
Jamala Rogers: The Congressional Budget Office estimates sequestration will cost around 750,000 jobs in total. Economic experts project a huge, negative impact on the economy. Once again, Congress proves that it knows nothing about job creation or economic development.
Richard Eskow: So, yes, repeal the sequester. Repeal deficit babble, from the President or anyone else. Repeal the Visigoth Party’s right to ruin the economy. And repeal Tom Friedman too, just on general principle.
Ellen Brown: A crisis in a major nation such as Spain or Italy could lead to a chain of defaults beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.
Claude Fischer: Today, Americans are the least likely, among the citizens of affluent nations, to support price controls or generally any interference in the market.
Walter Moss: Nobel-Prize-winning economist Joseph Stiglitz’s The Price of Inequality: How Today’s Divided Society Endangers Our Future (2012) demonstrates how and why our present economy and government are a mess and how they have increased inequality, including widening the opportunity gap.
Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.
Mark Vorpahl: This latest budget crisis poses the question of “who do Portland’s elected leaders serve, the city’s majority of working class communities or big business and the wealthy?” So far, while the 99% have been suffering with all the belt tightening, Portland’s 1% have been left to grow fat.
RJ Eskow: Today’s new corporate-sponsored cost-cutting craze is merely the latest policy designed to enrich a powerful few at the expense of the many, and today’s anti-tax agenda is being used to make sure it succeeds.