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Bakari Chavanu

Robert Reich: David Brooks is Dead Wrong About Inequality | Alternet - 0 views

  • Such is the case with his New York Times  column last Friday, arguing that we should be focusing on the “interrelated social problems of the poor” rather than on inequality, and that the two are fundamentally distinct.
    • Bakari Chavanu
       
      It's the old blame the poor argument.
  • Once the middle class has exhausted all its coping mechanisms – wives and mothers surging into paid work (as they did in the 1970s and 1980s), longer working hours (which characterized the 1990s), and deep indebtedness (2002 to 2008) – the inevitable result is fewer jobs and slow growth, as we continue to experience.
  • Third, America’s shrinking middle class also hobbles upward mobility. Not only is there less money for good schools, job training, and social services, but the poor face a more difficult challenge moving upward because the income ladder is far longer than it used to be, and its middle rungs have disappeared.
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  • o the contrary, as wealth has accumulated at the top, Washington has reduced taxes on the wealthy, expanded tax loopholes that disproportionately benefit the rich, deregulated Wall Street, and provided ever larger subsidies, bailouts, and tax breaks for large corporations. The only things that have trickled down to the middle and poor besides fewer jobs and smaller paychecks are public services that are increasingly inadequate because they’re starved for money.
Joe La Fleur

Thomas Roberts | Duped | MSNBC | Daily Kos | The Daily Caller - 0 views

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    DEMOCRATS: NOT THE BRIGHTEST BULBS IN THE ROOM.
thinkahol *

Robert Reich Debunks 6 Big GOP Lies About The Economy - YouTube - 0 views

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    Robert Reich Debunks 6 Big GOP Lies About The Economy
thinkahol *

Robert Reich (Why This is Exactly the Time to Rebuild America's Infrastructure) - 0 views

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    Seems like only yesterday conservative nabobs of negativity predicted America's ballooning budget deficit would generate soaring inflation and crippling costs of additional federal borrowing.  Remember Standard & Poor's downgrade of the United States? Recall the intense worry about investors' confidence in government bonds - America's IOUs?  Hmmm. Last week ten-year yields on U.S. Treasuries closed at 1.83 percent. In other words, they were wrong. In fact, it's cheaper than ever for the United States to borrow. That's because global investors desperately want the safety of dollars. Almost everywhere else on the globe is riskier. Europe is in a debt crisis, many developing nations are gripped by fears the contagion will spread to them, Japan remains in critical condition, China's growth is slowing.  Put this together with two other facts: Unemployment in America remains sky-high. 14 million Americans are out of work and 25 million are looking for full-time jobs. The nation's infrastructure is crumbling. Our roads, bridges, water and sewer systems, subways, gas pipelines, ports, airports, and school buildings are desperately in need of repair. Deferred maintenance is taking a huge toll. Now connect the dots. Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation's infrastructure.  Problem is, too many in Washington have less than half a brain. 
thinkahol *

FOCUS: A Good Fight - 0 views

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    If anyone's declared class warfare it's the people who inhabit the top rungs of big corporations and Wall Street (and who comprise a disproportionate number of America's super-rich). They've declared it on average workers.' Robert Reich, Robert Reich's Blog
thinkahol *

Republicans Killing Jobs and Making Us Sick - 0 views

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    "In January, Mr. Obama signed a food safety law that provides broad new authority to the Food and Drug Administration," wrote Robert Pear in Friday's Times, in an article about the Congressional appropriations mess. But House Republicans, he added, had voted "to cut the agency's budget." Well, yes, in a nutshell, that is the sad story of the food safety law - the first major change in how the government regulates food safety in over 70 years. But the way the Republicans have dealt with its funding represents more than appropriations problems. It also represents the way they've allowed their unyielding antitax, antispend ideology to get in the way of common sense - and the common good.
thinkahol *

Don't Be Silenced - 0 views

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    The Election of 2012: Why the most important issues may be off the table (but should be on it).
thinkahol *

Robert Scheer: One Betrayal Too Many - Robert Scheer's Columns - Truthdig - 0 views

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    It's getting too late to give President Barack Obama a pass on the economy. Sure, he inherited an enormous mess from George W., who whistled "Dixie" while the banking system imploded. But it's time for Democrats to admit that their guy bears considerable responsibility for not turning things around. 
thinkahol *

How to end this stock market madness - Wall Street - Salon.com - 0 views

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    The Dow Jones average suffered its latest calamitous decline on Thursday, plunging 419 points and erasing much of the progress that had been made after the last series of wild swings two weeks ago. There were many factors at work in Thursday's carnage, which came after markets in Asia and Europe experienced similar turmoil, but the overriding one seems to be this: Just about everyone now believes the U.S. economy is getting worse -- and no one thinks our leaders in Washington are about to do anything meaningful about it. So we thought it might be a good time to take a step back and consider the fundamental absurdity of the paralysis in Washington, where spending cuts and deficit reduction -- and not job creation -- have come to define and dominate the discussion. And who better to illustrate this than ... Robert Reich, playing the roles of both Professor Donald Right and Dr. Hugo Wrong in a one-man show that everyone on Capitol Hill really ought to check out:
thinkahol *

Keeping a Curious Bush Secret | Consortiumnews - 0 views

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    Exclusive: One of the strange mysteries from the Reagan-Bush era is where did George H.W. Bush go on one Sunday in October 1980 when some witnesses placed him meeting with Iranians in Paris. More than three decades later, Bush's supposed alibi remains a state secret, Robert Parry reports.
thinkahol *

‪Paul Craig Roberts on Iraq and Afghanistan wars‬‏ - YouTube - 0 views

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    Roberts: Nothing is worse then to establish legally that the rulers are not subject to law
thinkahol *

Natural Resonance Revolution: Irrationality is ruling the day: Robert Weissman - 0 views

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    Washington is in the grip of a fever. It's hard to find a word other than lunacy to describe what's going on. We are veering toward potential economic catastrophe. And Congress is hung up on a debate that shouldn't be occurring. It is debating an imaginary problem that conjures scary future scenarios but ignores dire existing circumstances. The consensus proffered solution to the imaginary problem would damage our country and further weaken our economy. Democrats and Republicans are at loggerheads, but they are disagreeing primarily about how much harm they want to impose. That's a very consequential disagreement, but it ignores the fact that we don't need to impose any harm at all.
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