Jobs Numbers Reflect Crisis for Young and Old

jobs crisis

*+-RJ Eskow: There was a time in the not-so-distant past when working people were able to consider retirement at the age of 60 or 62. But households that saw their net worth gutted by the financial collapse can no longer consider that option.

Stop Obsessing About the Budget Deficit

fiscal cliff notes

*+-Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.

The Stall Has Arrived

black unemployment

*+-Robert Reich: @idening inequality is the underlying culprit. As long as almost all the gains from economic growth continue to go to the top, the vast middle class doesn’t have the purchasing power to boost the economy on its own.

What’s the Economy for Anyway?

tim geithner

*+-Robert Reich: The biggest problem is that corporate money is undermining democratic institutions in the name of better deals for consumers and investors.

Stop the Austerity Train Wreck!

ows revolutions

*+-Robert Reich: Agreement or not, Washington is on the road to making budget cuts that will slow the economy, increase unemployment, and impose additional hardship on millions of Americans.