Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.
Tina Dupuy: Since Walmart, the largest private employer in the country, generally doesn’t pay its “associates” or “Walmart family members” enough to live on – the giant multi-national corporation is relying on the U.S. government to feed its employees.
Lauren Windsor: Apparently the good life does not extend to Wal-Mart’s workers–half of the company’s one-million American hourly employees earn less than $10 per hour.
Dotty Lemieux: All is not gloom and doom for the Golden State after all. And if we tackle the inequities in Proposition 13, especially the ones favoring the largest corporate abusers, the outlook could become all the more rosy.
Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.
Mark Dempsey: American government has the legal right to create literally unlimited dollars, so it can never be insolvent. It will run out of dollars when the Bureau of Weights and Measures runs out of inches.
John Peeler: In the midst of a massive recession, the conservative argument for balancing the budget by cutting government spending is manifestly perverse.
Richard “RJ” Eskow: This phony crisis is a lot like this scene in Mel Brooks’ Blazing Saddles, where Cleavon Little as The Sheriff pretends to take himself hostage to escape an angry crowd.
Robert Reich: I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election.
Ellen Brown: The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
Richard “RJ” Escow: The voters have asked President Obama and his fellow Democrats not to “shirk a fight” over economic issues. We look forward to seeing the democratic process unfold as a much-needed fight against economic injustice is played out in the public arena.
Peter Dreier: Wells Fargo Bank and US Bank have chosen to celebrate Breast Cancer Awareness Month by trying to evict breast cancer survivors from their homes.
Claude Fischer: To the extent that facts matter in such a politicized debate, it is becoming increasingly clear that equality rather than inequality is a better policy for economic growth.