Economy
Jobs Bill Plus Bipartisan Support Plus Chamber of Commerce Plus AFL-CIO Equals Nothing
If this jobs bill can't pass today's Congress, and apparently it can't, then nothing will. Sens. John Kerry (D-Mass.) and Kay Bailey Hutchison (R-Texas) teamed up to introduce a bill creating an independent infrastructure bank. To allay conservative concerns about...
The President’s Jobs Plan (Not)
Originally posted at RobertReich.Org. What did the President do in response to last week’s horrendous job report — unemployment rising to 9.2 percent in June, with only 18,000 new jobs (125,000 are needed each month just to keep up with the growth in the potential...
Exports Up But Imports Up More -- The Net Is Jobs Lost
Yesterday we learned that the trade deficit exploded in May, especially (as always) with China. The other side of our increasing imports is our increasing exports. The dollar is down against some currencies, putting us in a stronger position. Some countries are doing...
Debt-Ceiling Deals Cuts Could Crash Economy
Negotiating with crazy people is always a bad idea and negotiating with hostage-takers is dangerous. But negotiating with crazy hostage-takers is worse than dangerously bad. The “debt-ceiling” deal being negotiated to keep the economy from being crashed could crash...
Deficit Reduction Trap Sprung -- Republicans Campaigning On Jobs
In the middle of the worst job crisis since the Depression many Democrats forgot about jobs and got all in a tizzy about cutting budgets. All the usual suspects made a lot of noise about deficit reduction, and the cocktail-party and dinner-party circuits all knowingly...
Jobs Now
If the topline numbers of today’s jobs report weren’t depressing enough, consider some other facts that, taken together, strongly suggest that we are in a serious economic crisis. Let’s start with the basics. The unemployment rate crept up to 9.2% in June. Only 18,000...
Our Double Bubble of Economic Trouble
'Asset bubbles' have been roiling our economy ever since America's wealthy started supersizing three decades ago. But another bubble, this one enveloping those wealthy, may be just as essential to understand. America’s corporations, the latest stats show, have been...
Source of Missing Jobs in America Found Forced Laborers
With unemployment at a near historic high in the United States, could you imagine any American company bringing in foreign workers to work for them below the minimum wage and with no benefits? Most people would say no. But can you imagine those same Americans forcing...
National Speakout for Good Jobs Tour
The ProgressiveCongress.org and the Congressional Progressive Caucus launched the Speakout for Good Jobs Tour in Minneapolis Saturday. They will hold Speakout events in 11 cities across the country. This is a major opportunity to build public awareness that leads to...
Stop The No JOBS Bill
Originally published at UnemployedWorkers.org. What do you call a bill that would let states seize all of the federal funds now allocated for unemployment insurance benefits to long-term unemployed job-seekers, and use those funds to bailout corporate taxes and state...
