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The Jobs Report, and Why the Recovery Has Stalled

robertreich.org — We are in the most anemic recovery in modern history, yet our political leaders in Washington aren’t doing squat about it. In fact, apart from the Fed – which continues to hold interest rates down in the quixotic hope that banks will begin lending again to average people – the government is heading in exactly the wrong direction: raising taxes on the middle class, and cutting spending.

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Americans Shocked To Learn That There Isn't Actually A Social Security Crisis

salon.com — When you tell people some proposals for fixing it, they a) overwhelmingly choose to fund it more generously and b) decide that the program actually does not face any sort of crisis at all. A marketing firm hired by the National Academy of Social Insurance surveyed a random sampling of Americans and discovered that what people want is to raise taxes on rich (and regular!) people in order to fund more Social Security benefits, which is a good idea because the program is currently pretty stingy by international standards and Americans don’t actually have pensions anymore. Deficit fear-mongering succeeded in getting 57 percent of survey respondents to believe that Social Security is a “crisis or significant problem,” until they learned that minor tax increases would make it totally sustainable for 75 years, at which point 74 percent of Americans were like “Oh, really? Then it seems fine, why don’t they ever put it like that on the news.”

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Obama's Trump Card: Breaking the Filibuster

prospect.org — Did a hack conservative judge just lay the groundwork for the end of the filibuster? The road begins not with last week’s D.C. Circuit Court decision, which if upheld would knock out virtually all recess appointments. There’s at least a fair chance that the Supreme Court will overturn this one. But there’s plenty of room for a creative ruling by the Court that would still make it impossible for Obama to use recess appointments for the remainder of his term. So the real question is: What should Obama and the Democrats do in return? The answer is pretty simple. They won the 2012 elections; if Republicans are willing to bust through the normal workings of the courts and the Senate in order to prevent the government from working with Democrats in office, then Democrats really have only one logical response: to threaten to eliminate supermajority requirements for, at least, executive branch confirmations.

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Obama Realigns, the GOP Declines: The New Political Paradigm

thedailybeast.com — It’s a word seldom heard since Karl Rove brandished it after the 2004 election. On the basis of an Electoral College win secured by the precarious margin of one state, an Ohio rife with voter suppression, “Bush’s brain”—is that a compliment to Rove?—proclaimed an era of Republican realignment. Rove’s fantasy was demolished in 2012, when the GOP waged a backward-looking campaign directed to the American electorate of a decade and more ago—two white, too old, too rural, too Southern. Instead, the crabbed, plutocratic, intolerant Republican appeal did succeed—in mobilizing the new America, which convincingly voted for a second Obama term. But something more has happened here than the reelection of one president, as consequential as that is. We are witnessing a Rove in reverse—but this time, an authentic and accelerating realignment in the demography, ideology, and political identity of the American mainstream.

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New Poll: America's Workers Soundly Reject Social Security Benefit Cuts

aflcio.org — The "chained" CPI is a Social Security benefit cut (not an innocuous "adjustment"), and the majority of voters understand this, with 55% opposing this policy proposal. A new poll, Strengthening Social Security: What Do Americans Want? from the National Academy of Social Insurance (NASI), highlights working people's opposition to benefit cuts, including the "chained" CPI, which reduces the cost-of-living adjustment (COLA). A large majority, 64%, thought the COLA should be increased to better protect seniors and other beneficiaries from inflation and rising prices of food, utilities and other necessities.

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Looking for Mister Goodpain

nytimes.com — Three years ago, a terrible thing happened to economic policy, both here and in Europe. Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment. Yet the Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget deficits should be the overriding priority. In recent columns, I’ve argued that worries about the deficit are, in fact, greatly exaggerated. Today, however, I’d like to talk about a different but related kind of desperation: the frantic effort to find some example, somewhere, of austerity policies that succeeded. For the advocates of fiscal austerity — the austerians — made promises as well as threats: austerity, they claimed, would both avert crisis and lead to prosperity. And let nobody accuse the austerians of lacking a sense of romance; in fact, they’ve spent years looking for Mr. Goodpain.

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Good News On Jobs: Growth Was Steady To Start The Year, And 2012 Was Better Than First Thought

washingtonpost.com — The economy began the year with solid job creation, and the labor market was much stronger at the end of 2012 than previously thought, according to new data out Friday that indicated surprising momentum in the economy in the new year. Employers added 157,000 jobs in January, the Labor Department said, which was right in line with analyst expectations. The brightest news, though, was that revised estimates showed much higher job creation at the end of last year than first reported. The nation added a whopping 247,000 jobs in November and 196,000 in December, a combined 127,000 jobs above earlier estimates.

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Movements Making Noise

thenation.com — American political history is usually told as the story of what political elites say and do. The twists and turns, advances and setbacks, wars, disasters and recoveries, are said to be the work of the founders, or of the presidents, or of the courts, or of the influence of a handful of great people who somehow emerge from the mass. But this history can also be told as the story of the great protest movements that periodically well up from the bottom of American society and the impact these movements have on American institutions. There would be no founders to memorialize without the Revolutionary-era mobs who provided the foot soldiers to fight the British; no films about the quandaries of Abe Lincoln during the Civil War without the abolitionists and the thousands of runaway slaves; no Labor Day to celebrate without the sit-down strikers; no Martin Luther King to beatify without a movement of poor blacks who defied the Southern terror system.

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The Vast Right-Wing Conspiracy: Out of Gas?

huffingtonpost.com — Secretary of State Hillary Rodham Clinton is departing from the State Department on her own terms and with a formidable legacy intact. Given that Clinton, no matter what she decides about 2016, will undoubtedly remain an influential figure in American public life for years to come, one might have expected her long-time detractors, who have been trying for more than 20 years to trip her up, to land some solid blows to her widely admired reputation for leadership on the global stage. Instead, we've been treated to salvos that were silly, at best; and on the one potentially serious issue raised, the Fox News-initiated and Mitt Romney-fortified Benghazi craze, all the attacks fell flat.

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Wanna Get Involved in the Coming Immigration Reform Fight? Here’s How.

colorlines.com — President Obama and Senate negotiators kicked off the national immigration reform process mere days ago, but the contours of the would-be bill are already in sight. With Obama’s proposals only a hazy shade more inclusive than the Senate’s plan, and with the inevitable back room dealing and negotiating already underway, is there any room for everyday people who aren’t lobbyists and professional activists to insert themselves? Is there political space for the policy framework that’s been proposed to be improved upon? Does your lone voice matter? I spoke with activists, experts, community leaders and advocates who said: yes, yes and yes. Read on for six concrete things you can do to help make sure what ends up happening on immigration this year is as equitable and just as can be.

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Jobs on Jobs on Jobs on Jobs

prospect.org — According to the latest report from the Bureau of Labor Statistics, the economy created 157,000 jobs in January, a solid number, though behind what we need to see a robust recovery. More important, as always, are the revisions. November’s job growth was revised to 247,000 (up from 161,000) and December’s was revised to 196,000 (up from 155,000). These are big revisions, and when analyzed as part of a trend, it’s clear that the government was been underestimating job growth for most of 2012, to the tune of 28,000 jobs a month.

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At This Pace, The U.S. Won't Get Back To Full Employment Until 2022

washingtonpost.com — The jobs numbers have been crunched and re-crunched, and it turns out that the U.S. economy added an average of 181,000 jobs per month in 2012. That’s a faster rate than in previous years. But it’s also relatively sluggish, given the deep, deep hole the economy is still in. If the United States keeps adding 181,000 jobs per month, then it will take nine years and three months to get back to full employment, according to the Hamilton Project’s jobs calculator.

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America’s New Progressive Era?

project-syndicate.org — The “Reagan Revolution” had four main components: tax cuts for the rich; spending cuts on education, infrastructure, energy, climate change, and job training; massive growth in the defense budget; and economic deregulation, including privatization of core government functions, like operating military bases and prisons. Billed as a “free-market” revolution, because it promised to reduce the role of government, in practice it was the beginning of an assault on the middle class and the poor by wealthy special interests. For more than three decades, no one really challenged the consequences of turning political power over to the highest bidders. In the meantime, America went from being a middle-class society to one increasingly divided between rich and poor. Maybe, just maybe, Obama’s recent address marks not only the end of this destructive agenda, but also the start of a new era.

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Where the Wingers Won

prospect.org — Liberals had every reason to burst with optimism as the November election results began to set in. Not only did Democrats hold on to the White House, but they also won major Senate battles. In battleground states like Ohio, Florida, and Wisconsin, a majority of voters chose more progressive visions for the future in both the presidential and Senate races. You might assume that this would have repercussions at the state level too—that these moderate-to-progressive states would work with the federal government in forging a more liberal set of policies. But you’d be wrong.

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The New Politics Of Immigration

washingtonpost.com — Think back to the battle over health-care reform. Can you imagine that Republicans, upon hearing that President Obama was about to offer his own proposals, would want to rush ahead of him to put their own marker down — and take positions close to his? That’s the comparison to keep in mind to understand the extraordinary transformation of Beltway politics on immigration reform. Until Obama was reelected, party competition translated into Republican efforts to block virtually everything the president wanted to accomplish. On immigration, at least, the parties are now competing to share credit for doing something big. It’s wonderful to behold.

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The Idiocy of Sequestration

slate.com — With all feel-good talk about immigration reform, fans of conflict and dysfunction may fear the arrival of genuine bipartisanship in Washington. Not to worry! Another budget crisis is almost upon us! This time it’s not the dread fiscal cliff or the debt ceiling, but rather the “sequester”—the extremely crude cutting mechanism that essentially nobody favors but that seems likely to happen anyway. It’ll drag down the economy, impair the functioning of the government across the board, and do nothing to improve America’s fiscal sustainability over the long run. Here’s what you need to know.

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Government Is Hurting The Economy — By Spending Too Little

washingtonpost.com — You’ve heard this before: The government is holding the economy back. And it’s true. But exactly what the government is doing to hold the economy back might surprise you. Typically, when people say the government is hurting the recovery, they mean that deficits are too high and uncertainty over future policy is scaring businesses. But there’s little evidence of that. It’s not because government is spending too much, or because of concerns over future policy. It’s because government, at all levels, is spending and investing too little. Despite the stimulus and various other policies we’ve passed to help the recovery, and despite the large deficits the government has been running, government spending and investment have, at all levels, been contractionary since 2010.

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Report: Nearly Half of Americans Have No Safety Net to Keep Them Out of Poverty

alternet.org — A new report reveals a fact that too many Americans are familiar with first-hand: nearly half of the nation's residents have no safety net to protect them from falling into poverty in the event of a layoff or other financial misfortune. The recently published Assets & Opportunities Scorecard from the Corporation for Enterprise Development (CFED) shows that "[n]early 44 percent of Americans don't have enough savings or other liquid assets to stay out of poverty for more than three months if they lose their income," as NPR summarized. At the same time, nearly a third of Americans live with no savings account at all.

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Why Immigration Reform Won't Cure the GOP's Struggles with Hispanics

nationaljournal.com — Leading Republicans are jumping on the immigration reform bandwagon, hoping that taking the issue off the table will give them a second chance to make inroads with Hispanic voters. But even with a bipartisan deal looking within reach, the Republican party may not benefit as much as strategists expect. Indeed, there’s evidence that Hispanic resistance to the Republican party is as rooted in the GOP’s skeptical view of government, as it is their disagreement with GOP hardliners on immigration. The Republican Party calls for smaller government, but many Latinos look to government assistance as a necessity. Forty-two percent of Hispanic voters say that a government job offers the best chance of gaining career success, compared to only one-third of white voters.

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Republicans In Disarray Over Immigration

dailykos.com — The immigration debate is exposing the fissures in the Republican Party more than any other debate has yet, between the Wall Street Journal, Karl Rove faction and the crazy teabagger Rush Limbaugh/Glenn Beck/Michelle Malkin crowd. For them, electoral politics takes second place to hating on brown people, apparently. It parallels, basically, the split between the Senate Republicans, who can't rely on extreme gerrymandering to keep their seats, and House Republicans, who can be crazy as they want to be. The results are, at the very least, fun to watch.

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