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Jeff Faux
Jeff Faux is the founder, and now Distinguished Fellow, at the Economic Policy Institute. His latest book is, The Servant Economy; Where America's Elite is Sending the Middle Class.

Entries by Jeff Faux

How US Aid to Central America's Rich Drives Its Poor to Our Borders

(0) Comments | Posted June 24, 2014 | 10:00 AM

Over the last several months, tens of thousands of children have crossed our southern border in a desperate attempt to escape the violence, hunger and chaos that now engulf a large part of Central America.

The children -- traveling alone or in packs led by professional smugglers -- have overwhelmed...

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America Without Unions

(49) Comments | Posted February 20, 2014 | 3:42 PM

The recent defeat of its effort to unionize workers at Volkwagen's Chattanooga, Tenn., factory was a crushing blow to the United Auto Workers, and a setback to the embattled U.S. labor movement, which could have used the morale boost of a high-profile victory.

It was also a big loss for...

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NAFTA and the Narcos: What You Won't Hear at Obama's Meeting in Mexico

(1) Comments | Posted February 10, 2014 | 10:08 AM

When Barack Obama meets his Mexican and Canadian counterparts in Toluca, Mexico on February 19, you can expect to hear all three insist that the now 20-year-old North America Free Trade Agreement has been an economic success.

The facts tell a different story: lost American jobs and lower wages,...

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NAFTA, Twenty Years After: A Disaster

(51) Comments | Posted January 1, 2014 | 11:00 AM

New Year's Day, 2014, marks the 20th anniversary of the North American Free Trade Agreement (NAFTA). The Agreement created a common market for goods, services and investment capital with Canada and Mexico. And it opened the door through which American workers were shoved, unprepared, into a brutal global competition for...

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Giving Thanks for Small Things: A Little Light in the Dark Corridors of Power

(26) Comments | Posted November 26, 2013 | 11:09 AM

The deeper you are in the inner sanctums of power, the slower you are to get disturbing news from the rest of the world. So, I suppose it should be no surprise that it has taken so long for a prominent member of the American policy elite to suggest openly...

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Socialized Medicine: The Horror Movie

(652) Comments | Posted September 29, 2013 | 1:09 PM

The core argument of the hysterical Republican diatribe against Obamacare is that it will push Americans down a slippery slope into the nightmare of, gasp, SOCIALIZED MEDICINE! The phrase regularly trips from the lips of GOP reactionaries. Here's Texas Senator Ted Cruz in his recent 22-hour speech: "Socialized medicine is...

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Best for Obama: Lose Syria Vote

(6) Comments | Posted September 10, 2013 | 11:19 AM

On the merits, Barack Obama has already lost the Congress on his proposal to intervene in the Syrian Civil War. What's left is an argument on the politics. The White House's message to Democrats is that rejection will doom the rest of the Obama presidency and make defeat for the...

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Americans Are War-Weary, But Washington Is Not

(79) Comments | Posted September 6, 2013 | 2:26 PM

Barack Obama's arguments for pushing the United States into the Syrian Civil war make little sense to most Americans.

It seems clear that poison gas was used in Syria on August 21. Not so clear is who used it, and whether Assad issued the order. This point is crucial....

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Fifty Years Later: How Far Have We Marched?

(3) Comments | Posted August 26, 2013 | 8:45 AM

The March on Washington 50 years ago was the first of many I would make -- for civil rights: against one war, then another; against poverty; for women's rights; for gun control; for the environment; and now back to celebrate the first.

They merge a bit in my memory. I'm...

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Complacent Consensus on China

(25) Comments | Posted August 13, 2013 | 5:31 PM

Within the next few years, China will surpass the United States as the world's largest economy.

Anticipating the impact of this milestone on our national psyche, the U.S. policy class has been assuring Americans that there is nothing to worry about. Hardly a week goes by without a major media...

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Brazilian Protests: Could It Happen Here?

(11) Comments | Posted June 24, 2013 | 2:17 PM

"Bread and circuses" were the means by which ancient Rome's elite diverted the attention of ordinary citizens from the corruption and folly that eventually destroyed the Republic. Throughout history, self-proclaimed democratic leaders have pursued variations on this theme to placate, rather than empower, the people. The protests that have rocked...

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The Fiscal Cliff: A Box Office Hit for the Governing Class.

(3) Comments | Posted January 2, 2013 | 2:41 PM

The latest episode of the political melodrama "Fiscal Crisis" has ended, and the next one - the vote on the debt ceiling in two months -- is already being promoted. It promises to follow the familiar story line. Fiercely ideological Democrats and Republicans battle over future spending and taxes. The...

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Election Over: Time for Progressive Dems to Face the Truth

(119) Comments | Posted November 9, 2012 | 5:12 PM

Terrorized by the prospect of a complete takeover of the U.S. government by right-wing reactionaries -- progressive Democrats swallowed their unhappiness with Barack Obama throughout the campaign. They gamely defended his policies on the economy, health care, budget priorities and other issues on which they felt betrayed in his first...

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Apple's Low-Wage Path to America's Future

(258) Comments | Posted October 16, 2012 | 3:28 PM

With the introduction of iPhone 5, Apple Inc. is now the world's richest company, valued at over $625 billion. Given its momentum, the firm in another year or so could be worth a trillion dollars.

It is more than just another mega-company. Apple is the poster-child for the claim that,...

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Education Profiteering; Wall Street's Next Big Thing?

(53) Comments | Posted September 28, 2012 | 6:24 PM

The end of the Chicago teachers' strike was but a temporary regional truce in the civil war that plagues the nation's public schools. There is no end in sight, in part because -- as often happens in wartime -- the conflict is increasingly being driven by profiteers.

The familiar...

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Paul Ryan's Wink

(3) Comments | Posted September 4, 2012 | 3:48 PM

Many Democrats turned away from the Republican convention both incredulous and optimistic. As one put it: "How do these guys think they can win with a such an out-of-touch hard right platform?"

The answer is, they don't.

History tells us that when presidents lose their re-election it is not...

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Forget Obama: Attack the Corporate Money

(19) Comments | Posted December 12, 2010 | 10:11 PM

Whether you think Barack Obama's problem is spinelessness, naiveté, lack of principle, chronic centrism, Rupert Murdoch - or whatever, two things are painfully obvious. One, he will never fight for the progressive changes our country needs. Two, he will be the President for another two years, and most...

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Unemployment: The New "Washington Consensus"

(47) Comments | Posted June 18, 2010 | 11:31 AM

The Washington Consensus is a term long used for the harsh austerity imposed by the International Monetary Fund and other lenders on troubled third world economies. Under its dictates, unemployment and lowered incomes, rather than being the problems of insufficient economic growth, are its solutions. After several decades of failure,...

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Budget Hawks Flying Backwards

(1) Comments | Posted January 11, 2010 | 9:35 AM

Pressure is building in Washington for a high-profile commission to impose fiscal austerity on the Federal government for the coming decade. Supporters argue that Congress lacks the will to rein in projected budget deficits that will burden future generations. Therefore, we need a group of wise leaders to make the...

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Mexico Revs up War on Workers; Obama Shrugs

(6) Comments | Posted October 12, 2009 | 6:03 PM

Last Saturday night, October 10, several thousand Mexican government agents and police stormed into the headquarters and a hundred substations of the publicly owned electric utility, Luz Y Fuerza. They fired the workers, replacing them on the spot with workers brought in from another utility. On orders from Mexican President...

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