Robert Reich: Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they’re shooting themselves in the feet. Where do they expect demand for their products and services to come from?
Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.
David A. Love: Part of the problem is Obama’s quixotic journey to the political center. There is nothing in the middle of the road but yellow lines and road kill, and you’d better believe it. Although his campaign rhetoric was progressive, this president chooses to govern from the middle.