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Isaiah J. Poole's picture

Lansing Mayor Stands Up To Fox News Propagandist

Declaring that he was "sick of the double standard" that allowed banks to receive no-strings-attached government bailout money while automobile workers are asked to take pay and benefit cuts before receiving help from Washington, Lansing, Mich., mayor Virg Bernero tears into a Fox News anchor who, among other things, peddled the "auto-workers-make-$70-an-hour" lie to suggest that auto workers need to take "deep cuts" in wages and benefits. GM should not be penalized, Bernero says, for stepping up to the plate and providing a decent middle-class lifestyle to its workers. What's unsustainable, he says, is the race to the bottom being encouraged by the likes of Fox News personalities.

Isaiah J. Poole's picture

Economists, Hickey Discuss Fiscal Responsibility Summit

In advance of President Obama’s “fiscal responsibility summit” next week, prominent economists and experts on Social Security and Medicare conducted a news conference call with reporters to discuss a progressive approach to achieving a long-term responsible federal budget. Participating on the call with Roger Hickey, co-director of the Campaign for America's Future, was James Galbraith, economist and professor at the University of Texas at Austin; Nancy Altman, former top assistant to Alan Greenspan on the 1983 Social Security Commission; and Dean Baker, co- director of the Center for Economic and Policy Research.

 

Isaiah J. Poole's picture

Home Of The Whopper Of Greed

Burger King is not just the home of the Whopper, but it has also been, since 2002, part of the corporate stable of private equity firm Goldman Sachs, which received $10 billion in taxpayer bailout cash last year. Since Goldman Sachs joined the consortium that took over Burger King, the fast-food chain has been cited for dozens of wage-and-hour violations, even as a substantial share of its workforce earns just the minimum wage. Meanwhile, as this Brave New Films video reveals, Goldman Sachs executives earned enough in bonuses last year alone to pay every Burger King employee an extra $18,000. This video launches a Brave New Films campaign that encourages activists to "have it your way with Goldman Sachs."

Isaiah J. Poole's picture

The New Effort To Steal Social Security

An extravagantly funded campaign is underway to, in effect, steal Social Security benefits from future retirees and starve Medicare and Medicaid programs, says William Greider, who has written a cover story in The Nation exposing this effort. Grieder explains in this interview why citizens should be prepared to mount a grassroots effort now to preempt this attempt to undermine retirement and health security for millions of Americans.

The leader of this effort is former hedge fund manager Pete Peterson and his Peterson Foundation, perhaps best known for bankrolling the film "I.O.U.S.A." That film makes the one-sided argument that the nation is facing a fiscal crisis that can only be addressed through substantial cuts in "entitlement" programs, including Social Security. Peterson's goal is to have a commission write a set of recommendations, that would be characterized as the only plausible solution to the country's long-term fiscal challenges, that Congress would rubber-stamp. In reality, there are several approaches to lowering the nation's debt that should be up for debate that do not involve taking funds that people have paid into the Social Security and Medicare systems.

Peterson has assembled a bipartisan group of prominent people who "think they have a way to slip this past the American people," Greider said. What must happen, he said, is that citizens should respond by telling their representatives in Congress, "If you vote to gut Social Security benefits, you're on our list and your career is doomed."

Isaiah J. Poole's picture

Thinking Forward In The Deficit Debate

The campaign that the Peterson Foundation has launched around what it calls the $56 trillion "threat" of unfunded health care and Social Security obligations is "misplaced and much too narrow," says Miles Rapoport, the president of Demos. It's imperative that progressives start presenting a different side of the argument, and Rapoport says in this interview that there are good examples beyond our shores of countries that are using the right approach.

Rapoport cites as one example France, which does have higher taxes than the United States but provides a more secure economic foundation in which both workers and businesses can thrive. This, Rapoport explains, is "a high road to fiscal responsibility" in contrast to the road that would invariably lead to greater economic insecurity and less shared prosperity.

As for the United States, Rapoport explains why "we don't need just a stimulus package...we need a fundamental economic restructuring" that enables our economy to evolve into "a public purpose economy."

Rapoport is one of the panel moderators at the "Thinking Big, Thinking Forward" conference in Washington on February 11.

Isaiah J. Poole's picture

Fighting For The Economic Recovery Plan

Rep. Chris Van Hollen, D-Md., and representatives from labor and business groups came together Tuesday to make the case for the economic recovery plan that the House is expected to vote on this week. They were at a news conference that featured some of the key arguments that should be made to lawmakers in support of the legislation, which generally adopts the principles of the Main Street Recovery Program of the Campaign for America's Future.

Isaiah J. Poole's picture

Talk Back To The Anti-Spending Crowd

The movement to cut federal spending on entitlements and public infrastructure is getting more aggressive even during a time of public agreement on the need for increased federal spending to address the economic downturn. Here's why progressives should not be afraid to argue for a larger public role in ensuring a sustained, broad-based prosperity. We talk to Dean Baker of the Center for Economic and Policy Research.

Isaiah J. Poole's picture

Why "Overwhelming Force" To Fix The Economy

Scott Lilly, senior fellow at the Center for American Progress, answers questions about the findings in his report, "Pumping Life Into the U.S. Economy," and explains why an economic recovery package should be much larger than the one being proposed by the Obama administration.

Isaiah J. Poole's picture

Progressive Caucus Seeks Bailout Conditions

Rep. Raul Grijalva, D-Ariz., talks to OurFuture.org about President-elect Barack Obama's request to Congress to release the second installment of Wall Street bailout funds. Grijalva, the new co-chairman of the House Progressive Caucus, says that while Obama has made good promises about how he will handle the $350 million in funds, "I think we can do more." Grijalva calls for more accountability and transparency than the public has received from the Bush administration. Grijalva had made a presentation to the Tuesday Group, organized by the Campaign for America's Future.

Susan Ozawa's picture

Can Obama Stimulus Plan Create Jobs?