Jack Rothman: The trickle down theory holds that when financial elites heap up profits, good stuff cascades down to poor folks at the bottom. What I’ve seen trickle down is meager jobs and hardly-livable housing. Mansions never seem to trickle down.
The Powell Memo: LA Progressive Live show focused on text of “The Powell Memo”. The memo, in its entirety, can be read in this post
Randy Shaw: Chris Mathews describes Tip O’Neill as a tough Irish politician, but the genuinely nice Boston backroom dealer proved no match for a former Hollywood actor who was only sincere when helping the wealthy and demonizing the poor.
Steve Hochstadt: Republicans are trying to slash the programs which have allowed most people who fell into poverty during the recession to get out of it.
Tina Dupuy: We’re fatter, sicker, further in debt and using the most illegal drugs in the world—all signs Americans have become overspent from bad economic policies.
Robert Reich: Here’s a short effort to rebut the seven biggest whoppers now being told by those who want to take America backwards.
Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.
Miles Blue: Republican Representative Paul Ryan’s response to the President’s State of the Union speech was remarkably disingenuous – he charged the President with wanting to maintain the “status quo.” Who is kidding whom? Paul Ryan’s own “Road Map for America’s Future” does nothing more than give the country to the major corporations, to the rich, and to Wall Street.
Norman Solomon: More than two weeks after President Barack Obama announced his decision to make a tax-cut deal with Republican leaders, the shock waves continue to buffet many Democrats and others who are stunned by the grim implications.
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).
Joseph Palermo: The political “center” of American politics is a moving target. And for the last thirty years it has moved in only one direction: Rightward.
Adam Eran: Acting together solved problems in FDR’s philosophy. Such action was the problem, in Reagan’s. Now we have experienced roughly 40 years of each. Which one produces better results?
David Love: The Republican party faithful care little about the lives of everyday people. But they do care about their corporate benefactors. They claim to care so much about deficit reduction that they do not want to extend unemployment benefits, yet they want to extend the very tax cuts that wrecked the U.S. economy.