"Words that make actions speak louder."
In an Associated Press survey published today, a group of three dozen economists for the most part agree that the “growing gap between the richest Americans and everyone else … [is] hurting the U.S. economy.”
Thirty-two Democrats opted to put principle before the political expediency of compromise for compromise’s sake. “Congress shouldn’t be patting ourselves on the back just because we didn’t shoot ourselves in the foot.”
The phrase “full employment” is treated as something that would be uttered only by wild-eyed radicals. It’s time to mainstream the term. That’s why a new book by economists Dean Baker and Jared Bernstein is so important.
One of the consequences of the federal spending sequester now in place is that $4 billion is being cut this year from transportation and infrastructure programs, according to House Transportation and Infrastructure Committee ranking member Rep. Nick Rahall, D-W.Va., including $1 billion from programs administered by the Department of Transportation. In a long menu of […]
President Obama’s infrastructure investment plan, released officially Wednesday afternoon, is an important step in the direction of what America needs: a full-employment plan that puts Americans back to work rebuilding an America of shared prosperity. But it is just a step, and a modest one at that, reflective of the constraints on the political agenda […]
The previews of President Obama’s State of the Union address on Tuesday promise that job creation will be a major focus – a welcome development in the face of Washington’s debilitating and wrong-headed obsession with deficit-cutting. But what’s really important is that the boldness of the president’s agenda match the severity of the jobs crisis. […]
Now that he is a freshman senator, Connecticut Democrat Chris Murphy says he plans in the coming weeks to continue the push he started as a member of the House to advance a “Make It in America” jobs agenda. That agenda includes cracking down on China’s currency manipulation and violations of trade rules, tightening up […]
The annual “State of American Business” speech delivered today by Thomas J. Donohoe, the president of the U.S. Chamber of Commerce, was largely predictable and not particularly noteworthy. But it did contain one of those moments reminiscent of those oil company commercials in which an oil industry official and someone typically representing an opposing side, such […]
One of the most maddening features of the current fiscal cliff/fiscal swindle debate is that the chattering class rarely acknowledges the people who have already fallen off the cliff: 5 million Americans who have been unemployed for more than 27 weeks. The roughly 7 million people who aren’t even counted as unemployed because even though […]
The fight to head off a so-called “grand bargain” that would end up being a grand swindle of economic recovery and opportunity for working-class Americans gets kicked up another notch today when a group of 350 prominent economists and experts release a statement warning President Obama and Congress to turn away from the “obsessive concern […]