Robert Borosage: At a global level, it is time for the leading economic powers to meet and coordinate a plan to reflate the global economy, moving from competitive austerity and currency devaluation to coordinated expansion. Global Recession Again
Robert Reich: I’d feel more optimistic if I thought government was ready to spring into action to stimulate demand, but the opposite is true.
Works Progress Administration: California should use its unexpected multi-billion dollar surplus to establish a California State Bank (CSB).
Sylvia Allegretto: As a former waiter and bartender of seven years, I’m always a bit miffed that the sub-minimum wage paid to tipped workers has been all but forgotten.
RJ Eskow: Many financially sophisticated investors and bankers will say privately that they agree that it’s only a matter of time until the next crisis comes.
Mark Vorpahl: Between sequestration and the billions of cuts to social programs that Obama is pushing, it is evident that the economic policies of both major parties are not intended to promote a recovery for working people.
Walter Moss: We tend to forget or marginalize environmental problems while putting to the forefront more immediate concerns like money or whatever stories our media tells us are most important
Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.
Mark Vorpahl: This latest budget crisis poses the question of “who do Portland’s elected leaders serve, the city’s majority of working class communities or big business and the wealthy?” So far, while the 99% have been suffering with all the belt tightening, Portland’s 1% have been left to grow fat.
Robert Reich: The President needs to deliver the same message to the public, loudly and clearly. The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality — not deficits. The major goal must be to get jobs and wages back, not balance the budget.
Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920’s – many historians view this as the most significant underlying cause of the Great Depression.
Steven Hill: An expansion of the Social Security retirement system — one of the most successful and popular social programs in American history — that converts it into a more robust retirement system would build upon the most stable component of the current system.
Robert Reich: The White House’s and Democrats’ single biggest failure in the cliff negotiations was not getting Republicans’ agreement to raise the debt ceiling.