by Dave Johnson | Dec 16, 2015 | Blog, Climate, Conservatism, Economy, Financial Reform, This Is The GOP
The "omnibus" budget for the next year is out. Here are some of the winners and losers. With a Republican Congress, every budget battle is about ratcheting down the things our government does to make our lives better. Every budget battle is a defensive action, with...
by Robert Reich | Dec 16, 2015 | Blog, Economy
The great American middle class has become an anxious class – and it’s in revolt. Before I explain how that revolt is playing out, you need to understand the sources of the anxiety. Start with the fact that the middle class is shrinking, according to a new Pew survey....
by Dave Johnson | Dec 9, 2015 | Blog, Economy, Tax Reform, Trade
See if this business model sounds familiar: ● Close American factories and offshore production to a low-wage country with few environmental regulations. (Note: moving a factory out of the country "increases trade" and they say that's a good thing.) ● Replace...
by Robert Reich | Dec 7, 2015 | Blog, Economy, Tax Reform
Just like that, Pfizer has decided it’s no longer American. It plans to link up with Ireland’s Allergan and move its corporate headquarters from New York to Ireland. That way it will pay less tax. Ireland’s tax rate is less than half that of United States. Ian Read,...
by Chuck Collins | Dec 3, 2015 | Blog, Economy, Progressive Vision
When should we be alarmed about so much wealth in so few hands? The Great Recession and its anemic recovery only deepened the economic inequality that’s drawn so much attention in its wake. Nearly all wealth and income gains since then have flowed to the top one-tenth...
by Terrance Heath | Dec 3, 2015 | Blog, Economy, Jobs and Growth
Federal Reserve chair Janet Yellen is scheduled today to go before Congress' Joint Economic Committee, where she is expected to declare that the recovery from the Great Recession is nearly complete, and that it is time to raise interest rates again. But progressives...
