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?
Herb Engstrom: At this time of TEA Party hysteria, Fox News mendacity, and GOP hypocrisy a government guarantee of universal employment might seem like a radical idea, although it seemed not to be so to Franklin Roosevelt.
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.
Sharon Kyle: Even though blacks in America are suffering more than most during this economic crisis, they are least likely to complain that the Obama administration policies are not benefiting them.
Robert Reich: The only way out of the vicious economic cycle is for government to adopt an expansionary fiscal policy — spending more in the short term in order to make up for the shortfall in consumer demand.
Steven Hill: Fearful headlines hide success stories such as Poland, which show Europe is taking the right steps to economic recovery.
David Love: There is no question, based on the evidence, that the GOP is that peculiar institution in which people thrive, based on an alternate set of facts, divorced from reality.
Robert Reich: If the Democrats remain silent, the vacuum will be filled by the Republican snake oil of federal spending cuts and cut taxes on big corporations and the wealthy.
Robert Illes: Grover Norquist, toady of America’s wealthy business class who few but political wonks have heard of, heads the so called “Club for Growth” which requires every Republican who wants to keep his or her government job to promise not to raise taxes.