by Dave Johnson | Sep 15, 2010 | Blog, China Currency Showdown
Since China joined the World Trade Organization (WTO) our country's balance of trade has gotten worse and worse and we have lost jobs and jobs (and money and money). Between 2001 and 2008 we lost 2.4 million jobs just to China. Normally a situation like this balances...
by Richard Eskow | Sep 15, 2010 | Blog
The aging American workforce has been vilified a lot lately, in much the same way the poor were in previous decades. Politicians who once might have spread myths about "welfare queens" are now describing retired people as "greedy geezers." Not to be outdone, well-paid...
by Richard Eskow | Sep 14, 2010 | Blog
A report in today's New York Times describes a policy analyst as believing that Social Security needs to change because people are"living longer." This is a misconception that gets repeated over and over, one which a lot of otherwise well-informed people are convinced...
by Dave Johnson | Sep 14, 2010 | Blog
The President has a commission looking at ways to reduce the budget deficits which were caused by tax cuts for the rich and military spending increases. Social Security – which has no legal authority to borrow money, so it can't contribute to deficits – is on the...
by Dave Johnson | Sep 14, 2010 | Blog
Lots of kids believe in Santa Claus. This is because people repeat the fable to kids over and over, telling them that Santa Claus will deliver presents to them if they're good. And then there's the Boogeyman, the "amorphous embodiment of terror." In some regions...
by Zach Carter | Sep 14, 2010 | Blog, Financial Reform
Sen. Chris Dodd, D-Conn., is grasping at straws to block Elizabeth Warren's nomination as head of the Consumer Financial Protection Bureau. He's making a fool of himself, and hurting his party's political prospects for November. Dodd's latest foray into bank lobby...
