ecently, news reporters have been sounding almost giddy, saying that unemployment is dropping, housing prices are rising and the stock market is growing to new highs. But, these reports do not ring true with what people see around them. When you look beyond the sunny headlines, the sad reality is mirage recovery. The economy is limping […]
Seymur Slavin: The startling fact is that low wage jobs now constitute 58% of all job growth. The jobs with the fastest growth were retail sales at a median wage of $10.97 per hour. At this salary, workers would be eligible for food stamps.
Stephen Lendman: Monthly Labor Department (BLS) data report inaccurately. America’s broken jobs engine isn’t explained. The latest 7.8% unemployment rate is blarney. Based on the 1980s calculation model, real unemployment approaches 23%.
Nia-Malika Hendewrson and Rachel Weiner: Two days after Romney reignited his campaign with a winning debate performance, Republicans were struggling once again to find their footing after a positive September jobs report muted the campaign’s main talking point.
Bill Londrigan: Working mostly behind the scenes in academic, political, and media circles for the past 40-plus years, corporations and the wealthy elite have funded a multipronged strategy to wipe out the history of the integral role played by the American labor movement in the founding and growth of our nation.
Randy Shaw: Lost amidst the Weiner mania was media analysis of the slowing economy, or the departure a few days later of Austan Goolsbee, President Obama’s top economic advisor.
Robert Reich: Even for Americans with jobs, wages are going nowhere. Basically, the only employers hiring are paying peanuts. McDonalds just announced it would start hiring big time.
Robert Reich: Obama must show America that the basic choice is between two fundamental views of this nation. Either we’re all in this together, or we’re a bunch of individuals who happen to live within these borders and are mainly on their own.
Peter Dreier: Who could have predicted that a mural in Maine would become the latest battleground in the war of ideas, money, and power triggered by America’s right wing forces, including the Tea Party, Fox News, the Republican Party, and big business?
Marian Wang: It’s probably safe to say that Don Blankenship had something to celebrate with the new year. Last Friday, the CEO of Massey Energy retired, and according to company disclosures  he received $2 million that day.
Robert Reich: Consumers aren’t buying. They’re acting rationally. They’re worried about keeping their jobs, and they’re justifiably worried about the future.
Sherwood Ross: President Obama has U.S. taxpayers paying billions to meet the costly payrolls of 50,000 troops and 190,000 contractors in Iraq while 20-million-plus jobless are looking for work in USA and can’t find it.