jobs

The country needs a jobs program and needs it right now. Cash for Caulkers would be a good start. A new Civilian Conservation Corps would be another. But let's not allow a jobs program to cover over the need for real changes in the structure and core principles of our economy. more »

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As President Obama packs for China, I thought I’d draw him a picture of how China is manipulating its currency.

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In the Wall Street Journal today, White House Hopes Trade Can Bolster Labor Market.

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We've got a new red scare. Forget Glenn Beck; the fear isn't that America is going red, it's that it is in the red. Conservatives in both parties are raising alarms about deficits and government spending. Well, get over it. If we are going to generate growth and shared prosperity out of the mess we are in, expanded public investment must be a centerpiece of the new economy.

In today's Washington, this verges on heresy. The chattering classes are raising a clamor about Obama's deficits. The growing fixation, fanned by conservatives in both parties, may well cripple any short-term recovery. Worse, the wrong-headed debate could well undermine the reforms vital to the new economy we need to build out of the ruins of the old.

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They are popping the bubbly on Wall Street. Million-dollar bonuses, the Dow at 10,000, the casino is open again. Forget President Obama, who says we can't go back to an economy where finance pockets 40 percent of the profits. We're already headed there.

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Friday’s jobs report said 263,000 jobs were lost in September.

BUT that is after 571,000 people gave up actively looking for work. The number of jobs lost last month was 263,000 plus 571,000 = 834,000. more »

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The new consensus on international imbalance monitoring/surveillance attempts to reduce the problems associated with the country-specific development and growth model in the face of economic hegemony on the one hand and export-orientation of developing nations on the other to a problem of imbalances that can be solved by minor transparency gains, less regulatory arbitrage among lax structures and more »

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LOOK BACK IN ANGER: WALL STREET INSIDERISM, OLIGOPOLY, & THE THREAT TO DEMOCRACY PART I

September 22, 2009

Dear Citizens and Elected Officials:

INTRODUCTION

It seems that since the last posting of August 8th, our nation has passed through a darkly revelatory passageway, illuminated only by the passions stirred up by the health care debate. more »

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