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 […]
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.
Brent Budowsky: Obama does recognize the pain that afflicts too many Americans, but he should also be the champion of an agenda of optimism, aspiration and achievement that will be the hallmark of a second Obama term.
Lydia Howell: After 30 years of reversals of 20th century progress towards equity and equality, towards inclusion and true democracy, We the People are awakening.
Ellen Brown: When done on a large enough scale, short selling can force prices down, allowing assets to be picked up very cheaply.
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?
Ted Vaill: Teabaggers, look at what has happened this past week in England – get rid of entitlements and you have rioting in the streets fomented by the unemployed youths who have been pushed down through England’s safety net.
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.
Steve Hochstadt: Our economic disaster is not about national debt, but about national poverty. America cannot be a great country, if we do not alleviate the critical economic problems gripping our poorest families.
Robert Reich: Wall Street has effectively neutered the Dodd-Frank law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.
Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?