Robert Reich: In political terms, a strong stand enables the President to clearly demonstrate who’s side he’s on (the working and middle class that’s still bearing the brunt of this lousy economy) and who’s side the Republicans are on (the powerful and privileged who brought much of this on, and who are now doing just fine).
Sharon Kyle: What troubled me this morning and the reason this email was delayed is because I noticed that once again every article in this newsletter was written by a white man. So I decided to write this article to say. . .
Robert Reich: In other words, the political center isn’t about what we decide It’s about how we decide. The center American democracy is a commitment vigorous debate, done honestly and civilly.
Craig Williams: The countless ads by Whitman in the current California gubernatorial race lead most people to believe that she’s been creating lots of jobs. But when you take a close look at what her company EBAY actually does, on balance she may well be the jobs killer.
Robert Reich: Only twice before in American history has so much been held by so few, and the gap between them and the great majority been a chasm — the late 1920s, and the era of the robber barons in the 1880s.
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.
Robert Reich: The economy needs two whopping corporate tax cuts right now as much as someone with a serious heart condition needs Botox.
Robert Reich: If there was ever a time for bold government action it is precisely now. Obama should be storming the country, demanding the largest responses to the jobs emergency in history. He and the Dems should be giving Republicans hell for their indifference to all this.
Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.
Robert Reich: The real economy is jobs and paychecks, what people buy and what they sell. And the real economy — even viewed from a worldwide perspective — is as precarious as ever, perhaps more so.
Robert Reich: Republicans lack specific policies but they have a story. Obama and the Democrats have lots of specific policies but don’t have a story. That spells even more trouble for Democrats.
Robert Reich: Democrats should propose eliminating payroll taxes on the first $20,000 of income, and making up the revenue loss by applying payroll taxes to incomes above $250,000.
Robert Reich: A national database of corporate crimes and settlements would tip off federal, state, and local inspectors to rotten eggs like Jack DeCoster’s agribusiness, Massey Energy, BP, Bridgestone Firestone, and other serial corporate offenders.