Robert Reich: If there was ever a time for bold government action it is precisely now. Obama should be storming the country, demanding the largest responses to the jobs emergency in history. He and the Dems should be giving Republicans hell for their indifference to all this.
Robert Reich: It’s nonsense to think of the economy heading downward again into a double dip when most Americans never emerged from the first dip. We’re still in one long Big Dipper.
Robert Reich: We need a response proportional to the crisis. Obama, Pelosi, and Reed should summon Congress back to Washington for action on the jobs emergency.
Robert Reich: An extraordinary number of Americans are still hurting. It’s more important than ever for the US government to step in with a larger stimulus that puts more people to work and tax cuts for people who will spend them
Robert Reich: Say you’re a high government official with some responsibility for advising the President on what he should be doing and saying about the economy. You know the economy is still in a deep hole, the deepest since the Great Depression.
Robert Reich: The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can’t continue much longer without igniting speculative bubbles), and replacements (consumers have had to replace worn-out cars and appliances, and businesses had to replace worn-down inventories). Oh, and, yes, all those Census workers (who will be out on their ears in a month or so).
Randy Shaw: CNN’s chief problem is not a lack of partisanship. Instead, it is that CNN’s “news” primarily consists of opinions from partisan political hacks. Most work for CNN because no candidate wants to hire them, and it’s an easy gig because they don’t have to know much about the subjects they pontificate about. Does CNN really believe viewers are still interested in the opinions of the corporate-funded James Carville? Or that CNN will steal viewers from FOX News by hiring Erick Erickson of Redstate.com, who publicly threatened to shoot census workers? CNN is failing because it’s selling stale conventional wisdom, which viewers are rejecting.