Sylvia Allegretto: In recent expansions post-recession income gains have taken longer to materialize and given the enormity of the Great Recession it may be years before we see any improvement.
Iwan Morgan: Present-day Republicans should not be allowed to get away with rewriting the 1980s in support of their economic proposals for the second decade of the twenty-first century.
Ann Robertson and Bill Leumer: The 99% Spring is the latest effort by those close to the Democrats to take advantage of Occupy, but the results were less than spectacular.
Walter Brasch: It’s time to retire the 99 percent. Not the people, but the slogan that identifies the Occupy Movement.
Randy Shaw: Europe’s lesson is that Obama should far more aggressively promote public investment, job creation, and other economically populist – and popular – measures.
Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.
Robert Reich: When people ask me what Congress is likely to do I always say the same thing: The odds are in favor of nothing.
Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.
Robert Reich: Chalk up a big part of Europe’s slowdown to the politics and economics of austerity. Europe – including Britain – have turned John Maynard Keynes on his head. They’ve been cutting public spending just when they should be spending more to counteract slowing private spending.
Walter Brasch: Colleges have stayed ahead of the Recession by becoming business models, where students are “inventory units,” and success is based upon escalating profit.
Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.
Robert Reich: The GOP’s experienced actors – House Speaker John Boehner and Senate Minority Leader Mitch McConnell – have been upstaged by juveniles like Eric Cantor and Michele Bachmann, who don’t know the difference between playacting and governing. Washington has gone from theater to reality TV – a game of hi-jinks chicken that could end in a crash.