Working Life

    There is an incredible easy equation to make–both morally and financially. The one percent broke it now they need to fix it. And it all adds up, according to the Congressional Budget Office.   The math: The Democrats’ proposed tax on millionaires would raise an estimated $453 billion, more than enough to pay for […]

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   Sure, for humor, I turn to listen to Jon Stewart and Colbert. But, really, if you want the funniest laughs you have to mix in Republican leadership talking points. Seriously. Ah, yes, the "class warfare" inherent in Harry Reid’s proposal to apply a 5 percent surtax on millionaires. Except it isn’t so–not surprisingly–as the […]

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   Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY: shrink the economy even more in return for not…plunging the economy even deeper.    The people in Greece have had enough–and they’ve […]

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   You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]

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  Let’s see. You’re an editorial board member of the vaunted New York Times. You get paid a lot. Is there at least an expectation that you get your facts right? I know–rhetorical question. It happens every day but sometimes there are just whoppers that need correcting–because they do make a difference. In today’s editorial […]

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    I often fear I am going to be injured–a victim of the adult "shaken head" syndrome. It’s the syndrome I think many of us are afflicted with–you wake up every day and read some stupid-ass comment or proposal by political leaders of both parties and…you shake your head. I’m telling you, it’s dangerous.   […]

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   Something positive to look forward to today: President Barack Obama on Monday will announce he has chosen Princeton University labor economist Alan Krueger to become the top White House economist, a White House official said.    It isn’t simply that Krueger believes in government action to create jobs. It’s that he is the co-author […]

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   What has been extraordinary to watch over the past 30-40 years is the way in which, when economic crisis strikes, the political and economic leadership of the country leaps into the breach to lend a hand–not to the regular people who suffered the most but, rather, to the very institutions and economic elites who […]

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   To return to my theme of "numbers are a bitch"…here is one to chew on: $1.3 trillion. It’s a gap–a BIG gap…and in that number is part of the story of the crisis we’re in.   At this point, after checking in with my colleague and friend Dean Baker, the Gross Domestic Product is […]

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   I find myself laughing at this–part in disgust and part in admiration for a group of people who have no shame and just do not care what happens to regular people in the country. On the one hand, we have a monumental jobs catastrophe underway. And, on the other hand, you have the people […]

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