The Reverend Al Sharpton and various labor unions have announced a March for Jobs. But I'm afraid we'll need more than marches to get jobs back.
If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.
Will the Wall Street Occupiers morph into a movement that has as much impact on the Democratic Party as the Tea Party has had on the GOP? Maybe. But there are reasons for doubting it.
Demagogues through history have known that big lies, repeated often enough, start being believed unless they're rebutted. These seven economic whoppers are just plain wrong. Here's why.
David Frum's departure from Marketplace is a sad commentary on what's happening to public discourse in America. The American public doesn't want or need to hear "representatives" from the so-called right or left. It wants insight into what's best for America.
Eric Cantor, Paul Ryan, Rick Perry, Michele Bachmann and the other tribunes of today's Republican right aren't really conservatives. Their goal isn't to conserve what we have. It's to take us backwards.
The nation needs a real jobs plan, one of sufficient size and scope to do the job. But without energized, mobilized, and organized progressives, even the best people in Washington can't overcome the monied interests.
Unless the GOP agrees to a budget deal before year's end, the payroll tax cuts and extended unemployment benefits we have now will end. The scale of this fiscal contraction would be almost unprecedented.
Simple fairness requires three things: More tax brackets at the top, higher rates in each bracket, and the treatment of all sources of income (capital gains included) exactly the same.
If the Schumer-Lee bill becomes law, the easiest way for a foreigner to live in America will be to plunk down $500,000 for a piece of property.
Next week President Obama travels to Wall Street where he'll demand that financial regulations be strengthened and big banks be broken up. I'm kidding. But that would be a smart move -- politically and economically.
The old view was anyone could make it in America with enough guts and gumption. As Herman Cain still says "if you don't have a job and you're not rich, blame yourself." But Cain's line isn't hitting a responsive chord.
