Ian Goldin: In Arizona and elsewhere the smouldering debate over migration policy has generated more heat than light, risking progress on the stuttering but overdue reform agenda.
Robert Reich: Not only do we need extended unemployment benefits. We need a new WPA, modeled after the WPA of the Great Depression, to put jobless Americans to work. We need a national infrastructure bank to rebuild our crumbling highways and water and sewer systems, thereby putting additional people back to work.
Bob Letcher: In the few weeks since President Obama so emphatically linked his education program to his effort to revive the US political economy, the President has not been pressed to detail either the substance of his education program or his procedure for winning support from a public that is increasingly cynical, skeptical, frightened, and angry.
Robert Reich: The biggest ongoing threats are chronic recession or even deflation, because consumers don’t have enough money to what the economy is capable of selling at full or near-full employment. Despite gains in productivity, little has trickled down to America’s middle class.
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.
Andrea Nill: Tuesday,, the Arizona Republic reported that “the exodus of illegal and legal immigrants predicted by some as a result of Arizona’s tough new immigration law is expected to hurt a variety of businesses that directly and indirectly cater to immigrant populations.” If all of Arizona’s undocumented immigrants “disappeared,” the state could lose $26.4 billion in economic activity, $11.7 billion in gross state product, and approximately 140,324 jobs.
The faculty in the California State University are deeply concerned about the rapid decline in the ability of our nation’s largest four-year university system to deliver higher education to all eligible students. Our public university system is staggering from deep cuts to state funding already made this year, last year, and earlier this decade. Now […]
The United States is in the midst of the worst financial crisis since the Great Depression. The question is: How close are we to another Great Depression? The answer is: Very close. Here’s why. The Great Depression was the result of the combination of the 1929 financial crisis and serious structural problems in the American […]