Robert Reich: The Occupier movement is still in its infancy in the United States, but it cannot be stopped. Here, as elsewhere, people are outraged at what feels like a rigged game.
Brent Budowsky: The president and congressional leaders should bring a new player to sit at this jobs-and-deficit table on behalf of all who love and serve the nation: Former Secretary of State and Chairman of the Joint Chiefs of Staff Colin Powell.
Robert Reich: Even for Americans with jobs, wages are going nowhere. Basically, the only employers hiring are paying peanuts. McDonalds just announced it would start hiring big time.
Robert Reich: Whatever the outcome of the upcoming midterm elections, the activist phase of the Obama administration has likely come to a close. The President may have a fight on his hands even to hold on to what he’s already achieved because his legislative successes have been large enough to fuel strong opposition but not big enough to strengthen his support. The result could be disastrous for him and congressional Democrats.
Robert Reich: In politics as in economics and love, timing is everything. Obama can’t wait much longer if he wants to convince waivering and worried conservative Dems to join him in a last ditch 51-vote reconciliation measure to get health care through the Senate. We’re already in the gravititational pull of November’s mid-term elections. But the economy is taking a longer time to turn around than anyone expected, and telling Americans the jobs numbers are getting worse more slowly isn’t exactly reassuring.
So let’s be grateful that the economy is getting worse more slowly than it was. But don’t be lured into thinking we’re ever going back to where we were. Most of the jobs that have been lost are never coming back.