Works Progress Administration: California should use its unexpected multi-billion dollar surplus to establish a California State Bank (CSB).
Gabriel Buelna and Fernando J. Orozco: If the Autry plans on leaving and taking the collection and doesn’t have a long range plan for the Southwest Museum, what are they receiving funding for? Residents and visitors have the right to know.
Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.
Robert Reich: Every time you hear anyone say we’re “broke” or “can’t afford to spend more,” tell them we’ll be in worse shape if we don’t. If the economy remains dead in the water, the ratio of public debt to GDP balloons.
Sherwood Ross: Instead of investing in a framework to help blacks advance by their own initiative, the Federal government has flushed billions down the toilets of friendly foreign strongmen such as Egypt’s Hosni Mubarek.
Robert Reich: Republicans haven’t come up with a single new idea in almost 60 years. Herbert Hoover was the last Republican president to introduce a new Republican theme back in 1952 at the Republican National Convention. Since then they’ve repeated the message. Of course, Herbert Hoover, you may remember, didn’t have a sterling record when it came to the economy. As president, he presided over the Great Crash of 1929 and ushered in the Great Depression.
Ed Rampell:: The wait is over, and Theatre West’s revival of Clifford Odets’ Waiting For Lefty is the most important play currently being presented in L.A., and possibly the best production of 2010.
Sherwood Ross: President Obama has U.S. taxpayers paying billions to meet the costly payrolls of 50,000 troops and 190,000 contractors in Iraq while 20-million-plus jobless are looking for work in USA and can’t find it.
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.
Michael Sigman: But lest the healthy anger of progressives during the Bush years curdle into full-blown, hide-under-the-covers depression, it’s worth asking: When did Washington work, anyway?
The public doesn’t know what’s going on because the national media would rather report on the sexual escapades of famous people or social trends or high finance (a recent Pew study of economic reporting shows the vast majority of stories about the Great Recession have focused on Wall Street rather than Main Street).
In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead […]
It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make […]