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New Deal

Jobs 1.0: Creating Jobs Without Busting The Budget

James Adler | Posted 12.03.2009 | Los Angeles

Read More: Bidding Procedures, Infrastructue Jobs, Unemployment, Extended Unemployment Insurance, Jobs, White House Conference on Jobs, Welfare, Economic Stimulus, Economic Recovery, Tanf, New Deal, Job Creation, Los Angeles News
James Adler

The experience of the New Deal is instructive. Using stimulus money, LA County has designed a program to create 10,000 new jobs paying $10 per hour for 40 hours per week.

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Paul Krugman: Germany's Jobs, Unemployment Miracle Can Teach US

New York Times | PAUL KRUGMAN | Posted 11.17.2009 | Business

Read More: Larry Summers, Economy, Jobs Created, Jobs, Obama, Policy, Unemployment Rate, Deficit, White House, Unemployment, Germany, Brownshirts, New Jobs, Gdp Policy, Jobs Policy, Us Unemployment, New Deal, Works Progress Administration, Democrats, Stimulus, Recession, Unemployment Numbers, Great Depression, Labor, Labor Market, Gdp, Glenn Beck, Job Creation, Jobs Lost, Republicans, Business News

Germany's jobs miracle hasn't received much attention in this country -- but it's real, it's striking, and it raises serious questions about whether t...

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Health Care Reform Struggle Will Not End This Year

Chris Weigant | Posted 11.17.2009 | Politics

Read More: Social Security, President Obama, Ronald Reagan, Compromise, Democratic, Obama, Reform, Ama, Republican, Reagan, Call to Action, 1935, Johnson, New Deal, Democrat, Congress, Conservative, Medicaid, Democrats, Barack Obama, Fdr, Socialized Medicine, Progressive, Chris Weigant, Health, Great Society, Medicare, Lbj, Republicans, Lyndon Johnson, Healthcare Reform, Third Rail, Senate, Franklin Delano Roosevelt, Healthcare, Roosevelt, Politics News
Chris Weigant

No matter what healthcare bill passes, it is not going to remain static. It is going to be revisited again and again over the next few decades. That's how lawmaking works.

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Navigating the Jobs Crisis: Time for a New 'New Deal' Jobs Program

L. Randall Wray | Posted 11.12.2009 | Business

Read More: Job Guarantee, Jobs, Unemployment, Unemployment Rate, New Deal, Business News
L. Randall Wray

We must use the principles of the New Deal, but create something both broader and permanent: a universal job guarantee available through the thick and thin of the business cycle.

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Hold the Hofstadter: Why the GOP Is Winning 2010

John R. Bohrer | Posted 11.12.2009 | Politics

Read More: Michael Steele, Unemployment Rate, New Deal, 2010 Elections, The Death of Conservatism, Mike Pence, Tea Parties, Gross Domestic Product, Democrats, Barack Obama, Everett Carll Ladd, Richard Hofstadter, 2010, Unemployment, Lyndon B. Johnson, Great Society, Gdp, Lyndon Johnson, Republicans, Tea Party, Republican Party, One Year Later, Sam Tanenhaus, Politics News
John R. Bohrer

Over the last few months, a number of prominent political columnists have pointed to historian and social critic Richard Hofstadter to explain what is happening to the Republican Party. Here's why they shouldn't.

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Is It Time For Another WPA? Why Government-Created Jobs Aren't The Answer

The New Republic | Zubin Jelveh | Posted 11.09.2009 | Business

Read More: New Deal, New Deal 2.0, Wpa, Works Progress Administration, Robert Margo, Paul Krugman, Business News

Putting aside the standard concern about central planning, there are some unintended consequences that could come with a modern WPA. This 1990 paper b...

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Vital Speeches, Back in the Day

David Murray | Posted 10.08.2009 | Chicago

Read More: Great Depression, Theodore Roosevelt, Albert Lasker, Franklin Delano Roosevelt, National Recovery Administration, Vital Speeches, Michael Moore, New Deal, Orations, Fdr, Addresses, Tom Ridge, Obama Race Speech, Chicago News
David Murray

A sampling of American speeches from 75 years ago reveals rhetoric both strange and strangely familiar.

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When 'Mad Men' Types -- and Hollywood-- First Played a Key Role in Politics

Greg Mitchell | Posted 10.06.2009 | Politics

Read More: Political Campaigns, Elections, Hollywood Politics, Actresses, Hollywood, Dirty Tricks, Actors, Newspapers, New Deal, The Jungle, Pbs, Mgm, Upton Sinclair, Barack Obama, Fdr, Mad Men, Harry Chandlers, Campaign of the Century, Socialist, President Roosevelt, New York Times, Los Angeles Times, Will Rogers, HL Mencken, Politics News
Greg Mitchell

When pundits labeled last year's presidential campaign "divisive" and "dirty," I had to laugh. The champion of all dirty races in this century, in fact, was the 1934 contest between Upton Sinclair and Frank Merriam.

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Alert The TV News Media: Obamanomics Isn't Working

Diane Tucker | Posted 12.02.2009 | Media

Read More: John Cassidy, Job Losses, The New Yorker, Ronald Reagan, Unemployment Rate, New Deal, Fdr-New-Deal, Jobs, News Media, Media, Franklin Roosevelt, Diane Tucker, Barack Obama, Recession, Barack Obama Ronald Reagan, Cnn, Unemployed, Unemployment, Job Cuts, Fox News, Unemployment Benefits, Work Projects Administration, Charles Gibson, Banks, NBC News, Layoffs, Msnbc, Bank of America, Aig, Cnbc, Citibank, Bankruptcy, Timothy Geithner, Financial Crisis, The Recession, The Bailouts, Careers, Labor, CBS Evening News, ABC News, Small Business, Economy, Michelle Obama, Capitalism: A Love Story, Media News
Diane Tucker

Ronald Reagan governed over high unemployment numbers, and he was covered by a hyper-critical media. Yet today, most TV news outlets are giving President Obama a free pass on equally bleak statistics.

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Permanent Irrelevance: Outcome for Republicans If Dems Pass Universal Health Care

Paul Abrams | Posted 11.08.2009 | Politics

Read More: Social Security, President Obama, New Deal, Healthcare Reform, Medicare, Universal Healthcare, Republicans, Democrats, Politics News
Paul Abrams

Universal health care, with a strong government option, will be the nail in the political coffin of the Republican Party.

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Why Democrats Are Losing on Health Care

Thomas Frank | Posted 10.18.2009 | Home

Read More: Epidemics, Lyndon Johnson, E Coli, Barack Obama, New Deal, Swine Flu, Health Care Reform, Wall Street Journal, Society, Democrats, Health Care, Calvinism, Middle Ages, Uncle Sam, Home News
Thomas Frank

If universal health insurance goes down to defeat, Democrats will have to live with the shame of having been beaten by arguments that a novice debater would have no trouble putting down.

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Stop the Teabaggers, Give Them Green Jobs: Lessons From the Coalfields of West Virginia

Mike Elk | Posted 09.28.2009 | Business

Read More: George Bush, Al Gore, Green Jobs, Teabagging, Unemployment, Mountaintop Removal, New Deal, West Virginia, Town Halls, Clean Energy, Racism, Fdr, Progresive-Movement, Appalachia Coal, Appalachia, Appalachia Poverty, Business News
Mike Elk

To know the story of West Virginia is to know why the progressive movement is failing to win over white working class voters. Because of their primary concern: jobs.

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Thomas Frank: Health Care and the Democratic Soul

wsj.com | THOMAS FRANK | Posted 09.25.2009 | Politics

Read More: Health Care Reform, Obama Harry Truman, Health Care Democrats, New Deal, Pseudo-Populist, Politics News

What is at stake in the debate over health care is more than the mere crafting of policy. The issue is now the identity of the Democratic Party. By n...

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P3s: Let's Not Party Like It's 1929

Michael Likosky | Posted 09.19.2009 | Business

Read More: p3s, New Deal, Railroads, Larry Summers, Granger Movement, Railroad Strikes of 1877, Bailout, Barack Obama, Fdr, Aig, Tennessee Valley Authority Dam Breaks, Money Trust, Robber Barons, Us Hispanic Chamber of Commerce, Public-Private Partnerships, Abraham Lincoln, Homer Plessy, TARP Trust, Brotherhood of Sleepign Car Porters, A. Philip Randolph, Business News
Michael Likosky

We must take the public interest more seriously when we talk about P3s.

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The "Loan Arrangers" Will Not Ride Again

Rep. Barney Frank | Posted 08.29.2009 | Politics

Read More: Mortgage Crisis, Economy, Economic Crisis, Tarp, Theodore Roosevelt, New Deal, Woodrow Wilson, Barney Frank, Aig, Franklin Roosevelt, Merrill Lynch, Lehman Brothers, Joseph Kennedy, Regulatory Reform, Timothy Geithner, Ben Bernanke, Free Market, Wall Street Bonuses, Politics News
Rep. Barney Frank

We will prove that the best thing you can do for capitalism is to have rules that give investors the confidence to get back into the system, that protect the great majority of decent people from abuses.

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The Day They Arrested President Roosevelt

Robert Naiman | Posted 08.17.2009 | World

Read More: Social Security, Labor, Labor Unions, New Deal, Manuel Zelaya, Los Angeles Times, Fdr, Honduras, Franklin Delano Roosevelt, Honduras Coup, Foreign Policy, World News
Robert Naiman

Imagine how different America might be today, if FDR had been deposed in a coup. That's what happened in Honduras, where President Zelaya was deported for proposing a referendum on reforming the constitution.

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Flaws Inherent in the Current Commission, and How to Minimize Them

William K. Black | Posted 08.14.2009 | Politics

Read More: Congress Financial Crisis Investigation, New Deal, Financial Crisis Inquiry Commission, New Deal 2.0, Pecora Commission, Politics News
William K. Black

A commission like the new Financial Crisis Inquiry Commission can be unwieldy and political. It cannot be non-partisan, it cannot be unified, and it is extremely difficult to make it effective.

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California Currency? A Taste of Things to Come Unless Percora II Helps Us Leave Discredited Economic Dogma Behind

Marshall Auerback | Posted 08.13.2009 | Business

Read More: Business News, Financial Crisis, California, Congress Financial Crisis Investigation, New Deal, Pecora Commission, New Deal 2.0, Business News
Marshall Auerback

As California's IOUs signal desperation, Roosevelt Braintruster Marshall Auerback suggests that a Pecora-style Commission could help the public recognize the folly of past economic dogmas.

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New Pecora Commission Will Give Rise to Public Anger...Which Is Why Elites Fear It

Christopher Hayes | Posted 08.13.2009 | Home

Read More: Financial Crisis, Congress Financial Crisis Investigation, New Deal, New Deal 2.0, Pecora Commission, Home News
Christopher Hayes

Are suppositions about the complexity of the financial crisis just another way of keeping the real story from public scrutiny? If there's one thing t...

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Republicans Flunk History and Economics, Pass Drama

Stephen Herrington | Posted 08.13.2009 | Politics

Read More: Small Business, John McCain, Economic Stimulus Package, Ronald Reagan, John Maynard Keynes, New Deal, Economy, Republican Party, Barack Obama, Republicans, Great Depression, Politics News
Stephen Herrington

Some predecessors of current Republicans ganged together and stopped Roosevelt New deal spending, with identical arguments to now, in 1937. The result was a hiatus in the recovery until WWII.

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Full Investigation of Crisis is Vital to Democracy

Jeff Madrick | Posted 08.13.2009 | Politics

Read More: Business News, Financial Crisis, Congress Financial Crisis Investigation, New Deal, Pecora Commission, New Deal 2.0, Politics News
Jeff Madrick

The only way to to rigorously address the issues in the broken finance system is through a Congressional investigation, since the Obama administration has called for no public accounting.

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Failure To Assess Responsibility For Crisis Means Bad History, Bad Policy And Bad Politics

Daniel Berger | Posted 08.13.2009 | Home

Read More: Business News, Financial Investigation, Congress Financial Crisis Investigation, New Deal, Pecora Commission, New Deal 2.0, Home News
Daniel Berger

The time has come to investigate the nature, origins, propagation and effects of the financial crisis.

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How to Create a Successful Pecora Investigation

William K. Black | Posted 08.13.2009 | Business

Read More: Financial Investigation, Financial Crisis Investigation, New Deal, Pecora Commission, New Deal 2.0, Business News
William K. Black

The Pecora investigations provided the factual basis that the financial system and political allies were corrupt. They did not divide the nation or divert its response to the economic crisis.

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Christianizing the Health Care Debate

Paul Raushenbush | Posted 07.31.2009 | Politics

Read More: Prosperity Gospel, Health Care Reform, Progressive Christians, Health Care, New Deal, Christians and Healthcare, Politics News
Paul Raushenbush

Christianizing the health care debate means applying the inspiring power of religion to promote self sacrifice and compassion in one of the most pressing issues of our time.

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A Real Pecora Commission

Robert Kuttner | Posted 07.01.2009 | Politics

Read More: New Deal, Pecora Commission, Economic Crisis, Ferdinand Pecora, Financial Crisis, Fraud Enforcement and Recovery Act, Financial Markets Commission, Great Depression, Politics News
Robert Kuttner

In 1932 through 1934 the Senate Banking Committee, led by its Chief Counsel Ferdinand Pecora, ferreted out the deeper fraud and corruption that led to the Crash of 1929 and the Great Depression. The Pecora Committee's findings helped change the political mood, and laid the groundwork for the sweeping financial reforms of Roosevelt's New Deal. President Obama has now signed legislation which, among other things, creates an investigative commission inspired by Pecora. The new Financial Markets Commission has a sweeping mandate, including subpoena powers, to investigate all the causes of the collapse. But whether the commission carries out this mandate will depend entirely on who its chair and members are, and whether they hire a tough staff.

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