Republicans Kiss the Rich; Diss the Jobless

A brutal competition pits worker against worker continually now in this country. Five unemployed people vie with each other for each available job. It’s like a cruel game of musical chairs, with five desperate competitors for one seat. Workers who’ve lost cars to repossession and homes to foreclosure run around frantically trying to get that […]

Obama Blows Up The Gulf: An Inquiry Into Conspiracy Theories, Part I

You’ve heard the latest one, right? President Obama — or maybe it was Obama working hand-in-glove with BP — deliberately blew up the Deepwater Horizon, sent 11 workers to their deaths, destroyed the country’s biggest fishery, and smeared the coasts of five states with endless tides of oil. Why did he do this? Why, to […]

Are Our Bosses Becoming Meaner?

The staggering gap between CEO and worker pay, new research from three business scholars suggests, has left America’s workplaces still more nasty, brutish, and short. We have today in academia, after 30 years of rising CEO pay, a vast scholarly literature on CEO compensation. Much of this vast literature revolves exaltingly around “pay for performance,” […]

Scott Brown Votes for Reform– After Selling Out to Wall Street

Wall Street reform passed Congress today, with three Republicans voting “yes,” among them Scott Brown of Massachusetts. But Brown’s vote came with a high price tag: he insisted on both hammering ordinary citizens with new taxes, instead of imposing them on the financial behemoths that jeopardize our economic stability. And he punched an enormous loophole […]

Wall Street Reform Clears Final Filibuster

Good news: The Senate just secured 60 votes to proceed on Wall Street reform, clearing the way for the legislation’s final passage today or Saturday. The legislation garnered the votes of every Democrat except Sen. Russ Feingold, D-Wis., who argued that the bill was too weak to support. Every Republican opposed the bill, except Sens. […]

Drill, Gamble, Loot, Starve: The Chamber of Commerce, The GOP, and the Politics of Plunder

The United States Chamber of Commerce has released an “open letter” to the President, Congress, and the American people which lays out its blueprint for our political future. It lays out the current Republican playbook in stark terms, and it reads like the battle plan for those alien spaceships from Independence Day: Drain the resources, […]

Why Corporate Tax Cuts Won’t Put People to Work

Conservatives have reverted back to calling for corporate tax cuts to stimulate the economy and put people to work. Consider this mindless reflex rather than policy. Corporations are sitting on $1.7 trillion in cash, yet not hiring people. A furious argument is waged about why they don’t hire. The Chamber of Commerce, reduced under head […]