"Words that make actions speak louder."
Washington is inundated with deficit commissions. The country has piled up a huge debt because we cut taxes for the wealthy and borrowed to make up the difference. But everyone says we can’t fix the problem by raising taxes on the rich in a recession because taxes “take money out of the economy.” Is there […]
On the day before Congress reconvened in Washington, in the middle of a continuing job crisis, Republicans took to the Sunday talk show airwaves and … had no ideas what to do about creating jobs. This is not terribly shocking. There have been no actual job creation proposals from the Republicans since their congressional election […]
What is the matter with people in Washington and New York? There is obviously a jobs emergency and they’re talking about deficits — and in the middle of a frenzy of worrying about deficits they are talking about cutting taxes for the rich! ?? And, to make matters even worse, at the same time as […]
The recession ended in June, 2009? What? Seriously? No one told the millions of unemployed. And last week we got more bad news: 44 million of us living in poverty, and that was last year, before unemployment and COBRA subsidies started running out for the unemployed, … four million additional Americans found themselves in poverty […]
To lift the economy, we have to lift wages. Increased wages will restore demand. The changes that will increase wages will help restore democracy. The social contract used to be that citizens in our democracy share the benefits of our economy through increased wages that come from increases in productivity. This broke down and working […]
Businesses do not create jobs. In fact, the way our economy is structured the incentive is for businesses to get rid of as many jobs as they can. Demand Creates Jobs A job is created when demand for goods or services is greater than the existing ability to provide them. When there is a demand, […]
If, in the future, Republicans ever again ask “Where are the jobs?” it will be because they’ve forgotten where they buried the ones they killed. For now, though, it’s clear they remember all too well. Like a serial killer returning to a favorite dump site to reminisce or further ravage a corpse, Republicans are returning […]
Today’s jobs report showed that the economy added 151,000 jobs in October, the biggest rise since May. The 159,000 increase in private sector employment was the second-largest monthly rise of the “recovery.” The official unemployment rate stayed at 9.6 percent. NY Times: U.S. Added Jobs Last Month for First Time Since May, On many levels, […]
Economic policy has faced grave challenges over the past two years, hamstrung by obstructionist Republicans in the U.S. Senate and Wall Street-friendly advisers in the Obama administration. With the Republican Party now in control of the House, it seems certain that any major action to create jobs will face tremendous obstacles. This is a global […]
The election is over and it was about one thing: jobs, jobs, jobs, jobs, jobs. Democrats didn’t deliver enough jobs so they got tossed. That pretty much sums it up. So now the Republicans have to deliver jobs. Republicans in the campaign said the stimulus didn’t work and actually cost jobs. They said government spending […]