Economist Christina Romer had an op-ed in the NY Times this weekend, Do Manufacturers Need Special Treatment? The question that keep coming back to me is why did she feel the need to write an op-ed to diss manufacturing? Is it just an economist thing? Or is she, like so many economists, from [...]
Last month I wrote about a bill before Congress that would both help fight the offshoring of call-center jobs and protect consumers. Now the countries where we have been sending those jobs are organizing a lobbying campaign to fight the bill.
There is a bipartisan bill before Congress, The U.S. Call Center Worker [...]
Well here’s a surprise: conservatives and oil interests are pushing deceptive and destructive stories about President Obama and clean energy. Imagine that! Their intent (as always) is to turn people against President Obama, clean energy, national energy policy, stimulus to help the economy, and government in general. It’s what they do. Here is [...]
Why are “capital gains” taxes so much lower than taxes on other income? The reason capital gains taxes are lower is because most of the income of the rich is from capital gains. And the reason most of the income of the rich is from capital gains is because capital gains taxes are lower.
Before leaving on vacation President Obama said he is going to talk about creating jobs in September. The latest word is he will give this speech next week. Campaign for America’s Future has put together some ideas for creating jobs. See our series Big Ideas To Get America Working:
The task is not [...]
Here is everything you need to know about how to fix the deficits and jobs problems. This is a chart of job creation over the last few years:
There is a report in Saturday’s New York Times, “White House Debates Fight on Economy,” saying the Obama administration is choosing between doing very little [...]
In the middle of the DC frenzy over a contrived “debt crisis” a new, major poll shows what other polls have shown: voters want Washington to act on jobs (and jobs fix deficits), especially in manufacturing, but don’t think that our elected officials are paying attention. By more than two-to-one, voters want Washington [...]
Another bad jobless claims report… and this time Washington seems to have finally noticed that there are some unemployed people out here in the sticks. But instead of jobs programs the geniuses are proposing … what else? … even more tax cuts. (And after a few hours they’ll go back to complaining about [...]
You hear it again and again, variation after variation on a core message: if you tax rich people it kills jobs. You hear about “job-killing tax hikes,” or that “taxing the rich hurts jobs,” “taxes kill jobs,” “taxes take money out of the economy, “if you tax the rich they won’t be able to provide [...]
A “report” from Republican staff of the Joint Economic Committee says that the path to job creation is cutting … the very things that create jobs. This is like saying that cutting taxes increases revenue. We know how that worked out, and the job-consequences of budget cuts are going to be just as [...]
Throughout the depths of the recession, there was much to be said about the disproportionate effect on men’s employment. Women, typically lower paid, and in fields not as hard hit as male-dominated fields like manufacturing and construction, were doing pretty well in comparison. (If ”doing pretty well” is defined as simply having a job.)
There are good jobs and there are crappy jobs. There are burger-flipping jobs and there are skilled trades and professions. There are jobs that pay well and have benefits and jobs that don’t.
There is even the job you had, now paying less, with no benefits.
Much of the post-recession job growth is at low [...]
Make no mistake – the demonization of public workers is just the latest in a long series of distractions by the right wing and economic elite as they pick the pockets of the “other 95% of Americans”. This coordinated approach is nothing new, but the agenda of wealth theft is taking on a new form [...]
The attack on public-employee unions in Wisconsin is in the news because of the large Egypt-style turnout of supporters at the state capital (70,000 on Saturday!), and the dramatic theater effect of Democratic Senators leaving the state to delay a vote on the measure, and give the public time to rally.
"The world is a rigged game"
Matt Taibbi at Rolling Stone: “Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.”
On winning and values
So, right-wingers, you want a society where families are stable, where everybody looks like you and shares your Christian faith, and where the government pretty much stays out of your business? It’s not in some Randian fantasy, it’s right here in the USA.
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