This week, Joe Weinstein, one of our most prolific and thoughtful commentators, addresses Robert Reich’s “What’s the Economy for Anyway?”
Robert Reich: The biggest problem is that corporate money is undermining democratic institutions in the name of better deals for consumers and investors.
Sabrina Bornstein: Recycling may be all the rage these days, but here in L.A. and across the country vast amounts of recyclable goods end up in landfills every year.
James Livingston: Why can’t the liberal Left answer the Right when budget deficits are the issue? Why are Democrats, Obama included, so eager to reduce spending on so-called entitlements?
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?
Robert Reich: If the Democrats remain silent, the vacuum will be filled by the Republican snake oil of federal spending cuts and cut taxes on big corporations and the wealthy.
Robert Reich: Happy Birthday Wall Street. Party away. Just know that most Americans aren’t joining the celebration.
Robert Reich: The Republican establishment doesn’t get it. Celebrity is part of The Palin Strategy – as is avoiding the insider game. She doesn’t want to do what Huckabee, Pawlenty, Gingrich, or Romney have to do. She has an outside game.
Robert Reich: As Obama continued his economic tour with backyard discussions on the challenges currently facing the middle class, according to the White House. Here’s an imagined version of that discussion
Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.
Shamus Cooke: The hundreds of billions of dollars that Obama will use to wage war in Iraq and Afghanistan could just as easily go to create jobs in the United States: public works could be financed by the government, as they were during the last Depression, that directly create jobs.
The next front in the banking wars will be over credit cards. Some of the nation’s biggest bankers — including representatives of Citigroup, JP Morgan Chase, and other recipients of billions of taxpayer dollars — are meeting today with the President to ask him back off his move to reform credit-card lending practices. What’s happening […]
The global economy has been put into the economic equivalent of a full nelson by a financial system threatening to collapse under the weight of a complicated pyramid scheme. The Bush administration sounded dire warnings and cobbled together a vaguely flushed-out rescue plan promising the injection of up to $700 billion of taxpayers’ dollars into […]