It's no big accomplishment to create jobs by getting poorer. Our goal isn't just more jobs. It's more jobs that pay enough to improve our living standards.
The latest Wall Street argument is that if regulations are too tight, the big banks will be less competitive internationally. Translated: They'll move more of their business to London and Frankfurt, where regulations will be looser.
Isolationism and nationalism are the handmaidens of an economically anxious and frustrated middle class. That was the lesson we learned 80 years ago, but forgot.
We are now facing an election that marks an even sharper turn toward plutocratic capitalism than before -- a government by and for the rich and big corporations -- and away from democratic capitalism.
China bashing doesn't educate the public about what's truly at stake economically and what must be done in the years ahead. Worse: It reinforces the politics of resentment, and further legitimizes other forms of isolationism and xenophobia.
When our elected representatives can't and won't come up with a real jobs program, the Fed feels pressed to come up with a fake one that blows another financial bubble. And we know what happens when financial bubbles get too big.
The perfect storm against our democracy: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical.
Why are Democratic presidents so much more easily intimidated by the "move to the center" rhetoric after midterm losses than Republican presidents?
The list of Halliburton's crimes goes on and on. And yet, somehow, it goes on piling up profits. How? Because of its deep connections to Washington. Halliburton isn't on the ballot next Tuesday, but it might as well be.
Business leaders should be standing up to the tea party. Their silence is not only bad for business; it threatens the stability of our economic and political system.
Most of what we hear from the right and Fox News lately is not respectful disagreement. It's thuggery. It has no legitimate role in a democracy. And most Americans are fed up with it. Sadly, we needed two comedians to remind us.