tpmcafe.talkingpointsmemo.com — President Obama yesterday offered a set of proposals for helping America's troubled middle class. All are sensible and worthwhile. But none will bring jobs back. And Americans could be forgiven for wondering how the President plans to enact any of these ideas anyway, when he can no longer muster 60 votes in the Senate. The bigger news is Obama is planning a three-year budget freeze on a big chunk of discretionary spending. Wall Street is delighted. But it means Main Street is in worse trouble than ever
The White House announced its economic initiatives for middle class families, described as a preview of the State of the Union Address. They’re all good ideas and I hope every one of them passes. But something is missing. more »
Prediction: In the upcoming State of the Union speech President Obama is going to talk about jobs. (Just a hunch, let’s see if I’m right.)
We’re in a jam where the economy is still shedding jobs, never mind creating enough jobs to start hiring people again. The stimulus hasn’t been enough, and there isn’t anything reviving the real economy to take over. more »
Massachusetts voters sent a strong signal to Washington lawmakers Tuesday that they want results—and aren't seeing any. Not on health care reform, not on job creation and not on fixing the nation's economy.
Voters also sent another powerful message for Democrats: Ignore the working class at your peril. more »
Banks still aren't lending where its needed, and it's getting worse, not better, for small businesses - the nation's jobs engine. Why did we bail out the big banks, again? Perhaps our government should just loan directly to the job creators instead of the job killers. more »
Forget about "the Aughts." Never mind "the Naughts." The decade just passed — and which promises to leave a lingering, bitter aftertaste — deserves a far better, more descriptive name. So for what it's worth, I hereby dub the past ten years "The Uh-Ohs: A Decade of Conservative Failure."
consortiumnews.com — Just when you thought the big banks had maxed out their chutzpah account, think again. While posting breathtaking profits in the last two quarters — Wells Fargo’s $3.2 billion, Citigroup’s $3 billion and Chase’s $2.7 billion — U.S. banks have figured out a way to squeeze some extra dollars from those who can least afford it, the unemployed.
bloomberg.com — Americans want their government to create jobs through spending on public works, investments in alternative energy or skills training for the jobless. They also want the deficit to come down. And most are ready to hand the bill to the wealthy.
Conservatives are using the economic crisis to push through their favorite tricks. The latest trick is a commission to cut the budget and cut the debt without the inconvenience of the democratic process. It’s a strange distraction from the real problem. Jobs.
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