Corporate executives have extracted record profits by sabotaging the recovery on every front - eliminating employees, repressing wages, withholding investment and shirking federal taxes.
The 1930s slogan, "Black and white, unite and fight." is relevant today. General appeals for jobs and relief, for public works jobs and full employment measures have to be combined with targeted job creation in communities where the hardship is the most severe.
"It's significantly less bad than the Republican budget - but it's not going to bring down unemployment in my hometown," one reporter commented at a White House press conference.
The differences between the ruling class and the working class are extreme. And The reality of the U.S. class system is alive in Kentucky.
A few weeks ago Citigroup’s Robert Rubin wrote a column advising readers and policymakers on how to surmount the current economic and financial crisis. Beware of such counsel!
The addition of General Electric CEO Jeffrey Immelt to the third top Obama administration position on economic policy tells an important tale.
As a massive winter storm pounds much of the country, the tea party/Republicans are pushing a disastrous narrative: strangle vital public services, like snowplowing, then blame public workers and their unions.
It’s time to hire the unemployed at union wages - start with laid off public workers - and help save lives and clean up this mess.
Detailed analysis of House Republican economic proposals reveals an extreme agenda that few Americans would have knowingly voted for.
With the remembrance of Dr. Martin Luther King's legacy and the passing of Sargent Shriver, a foot soldier in the War on Poverty, recently, I have been reading about the early 1960s and listening to speeches by King and President Lyndon B. Johnson.