Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.
Randy Shaw: The biggest story will be President Obama’s “new” relationship with Congressional Republicans; as if the president had not reached out to obstructionist Republicans from the start. We will be deluged with stories describing the “idealism and vision” of newly seated House Republicans, despite their allegiance to large corporations and goal of restoring failed Hoover-era policies.
Michael Sigman: So, to test the theory that my sense of self needn’t include the political shenanigans of the moment, my New Year’s resolutions are: a) To cut, by at least half, the time I spend following political news, polls, etc; and b) To actually do something — like organizing, phone banking or writing more for websites and newsletters.
Brent Budowsky: Prediction – Sarah Palin will issue a Sherman statement declaring she will not run for president in 2012, and will instead host a one-hour political talk show on network or cable television that will become the highest-rated political talk show in TV history.
Robert Reich: Next week starts the new Congress, and with it the Tea Party conservatives. What are they going to do about government spending? Knowing they don’t stand a chance of getting a direct repeal of the healthcare mandate, they’ll try to strip the federal budget appropriation of money needed to put the healthcare mandate into effect. This could lead to a standoff with the White House over government funding in general, and a possible government shutdown.
Seth Hoy: While the President acknowledged that border security is part of that conversation, he also acknowledged that “changing the politics” of how Congress and his administration engage the public on immigration is equally important—as is “doing right” by the many DREAM students who deserve a fair shot at the American dream.
David Love: The problem is that the United States is falling apart. It has become a Third World country. Record numbers of people are unemployed.
Randy Shaw: Obama Press Secretary Robert Gibbs’ August 10 condemnation of “the professional left” will prove memorable, because it confirmed suspicions that Obama had come to detest his progressive base and resented its criticism.
Sylvia Moore: On Tuesday, the Federal Communications Commission voted on new rules that critics say could allow media conglomerates to decide whose content gets to be seen on the Internet and whose doesn’t. FCC Chairman Julius Genachowski is said to have the votes he needs to pass net neutrality regulation.