If recent resistance by IBEW and UNITE HERE members are any indication, the Times’ BreakingNews folks and corporate America have a long way to go before convincing workers that it is they, rather than their high-paid, amply-bonused bosses, whose compensation should be downsized.
What’s happening to the lives of the legions out of work – particularly the young men and women – has to take second place to the fortune of the President and his party. The human crisis would be real regardless of who is in the Oval Office and is what should move the President and the Congress to do the right thing.
In fairness, Obama never promised progressive voters a rose garden. Genuine and far-reaching change requires sustained political organizing at the grassroots. It cannot be achieved by virtue of any election.
The much touted decline of the European left turned out to be pretty much of a mirage. The continent’s politics are being realigned not in spite of but because of the economic crisis. And the much of the gain has gone to the left – taken as a whole.
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).
To start fixing America, we must give elections back to voters. They need easy access to accurate information so they can evaluate all office seekers and issues fairly and independently.
The 30-year class war the rich launched against the working people in this country (and reached its apogee during the George W. Bush years), has left the middle class reeling and wounded. Only bold federal action that puts something concrete in the palms of middle-class Americans can begin to turn these dire social conditions around.
It is up to us to defend and improve our democracy more effectively than the Germans of 80 years ago. This implies not only vigilance and willingness to do political battle, but as important, a willingness to acknowledge and respond to the real concerns of honest conservatives who might otherwise be seduced by Rush Limbaugh and his colleagues.
The companies too big to fail have grown larger. The financial companies still run under the same model and free of much regulation like before.
Now we have a Republican governor in California who sees the state’s current budget catastrophe as nothing but a big joke. Why else would Arnold Schwarzenegger post a tasteless Twitter video where he wields a two-foot-long folding knife boasting about his budget-cutting prowess?
President Obama knows that solutions won’t arise out of politics as usual. His personification of dignitarian politics resonates not only with Americans but around the world.
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 […]
Resolving our fiscal crisis will require many very difficult decisions, but our guiding principle must be constructing a budget that is least injurious to the most vulnerable. While we will have to take quick action to avoid the state sliding into insolvency, we must take that action in a thoughtful manner minimizing the potential permanent […]