Despite what is essentially a depression, the stock market rocks on. The reason for this is that the stimulus is really aimed at appeasing the "free market conservatives" who populate Wall Street banks and the executive suites of our multinational corporations.
Job-growth is sputtering. So why, exactly, do regressive Republicans continue to say "no" to every idea for boosting it? It's important for Obama and the Democrats to recognize this cynical strategy for what it is, and help the rest of America to see it.
So, if a party really wants to win the '14 elections so that they can get the unemployment rates down to ~4 percent, they will prove it to voters by agreeing upfront to a shared sacrifice. How does one do that? Simple. Peg congressional salaries to the unemployment rate.
This is not just an economic imperative, but a social need as an increasing number of young adults get no chance to burnish their resumes and experience for their later lives, and near-retirement boomers have no opportunity to rebuild their nest-eggs.
Job growth exists, but Congress has stalled on reforms and cut funding to programs that ensure our job skills training programs effectively prepare workers to meet the rapidly evolving demands of the workforce.
The Senate will vote today on whether to adopt the main provisions of the House bill. Passing this bill would be a major public policy mistake -- akin to the disastrous (and bipartisan) deregulation of the financial sector in the 1990s.