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The Left and the Coming Fiscal Crisis: Get In the Game Before It's Over
By Jill Lawrence - Politics DailyThe debt reduction plan produced by President Obama's bipartisan fiscal commission has been met with scorn, dismissiveness and outrage from many liberals. But they might want to think about getting in the game while they still have a Democratic Senate and White House. By that I do not mean proposing to reduce the $1.3 trillion deficit or $13.8 trillion debt by means of a public health insurance option (designed to drive down health care costs) or a cap-and-trade system (designed to raise money by capping carbon emissions and selling permits to pollute). Obama and a heavily Democratic ...
Opinion: Help the Unemployed, Not the Rich
By not in system - AOL News(Nov. 17) -- America's long-term unemployed -- an estimated 4 million or more -- constitute the single newest and biggest social problem facing America. Now their unemployment benefits are about to run out, and the lame-duck Congress may not have the votes to extend them. (You can forget about the next Congress.) The long-term unemployed can't get work because there are still five people needing work for every job opening. And the long-term jobless are often at the end of the job line: Either they don't have the right skills or enough eduction, or have been out of work so long prospective ...
Robert Reich's Advice to Obama: Pick Fights, Connect Dots on the Economy
By Jill Lawrence - Politics DailyRobert Reich has watched one president after another lose his voice once he's in Washington, surrounded by aides with what Reich calls "an instinct for the capillary" and little feel for the simple overarching narrative that makes perfectly clear what you are trying to accomplish. Don't get him wrong. The Berkeley public policy professor, a veteran of the Ford, Carter and Clinton administrations, said in an interview that Barack Obama is "a wonderful president" with "a superb temperament" for whom he has "enormous respect." There was a slight pause before he continued. "I would rather he be ...
Opinion: More Stimulus Money Won't Help the Economy
By not in system - AOL News(Sept. 21) -- Fiscal policy is deadlocked. So, apparently, is monetary policy. The Fed's decision today to keep short-term interest rates near zero is no surprise. What's odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds -- despite its acknowledgment that "the pace of recovery in output and employment has slowed in recent months," and that prices are rising too slowly for comfort (i.e., we might be facing deflation). Every indicator suggests third-quarter growth will be as slow if not slower than in the second quarter. Consumer confidence is ...
Hillary Doesn't Listen to Economists
By David Knowles - Politics DailyFrom Robert Reich, Bill Clinton's former Secretary of Labor:When asked this morning by ABC News' George Stephanopoulos if she could name a single economist who backs her call for a gas tax holiday this summer, HRC said "I'm not going to put my lot in with economists."I know several economists who have been advising Senator Clinton, so I phoned them right after I heard this. I reached two of them. One hadn't heard her remark and said he couldn't believe she'd say it. The other had heard it and shrugged it off as "politics as usual."Er, you can say that again. Discounting expert opinions and ...
Time's Up Superdelegates: Obama or Clinton?
By David Knowles - Politics DailyThis is the message from DNC Chairman Howard Dean. Pencils down. Is that your final answer? Via CNN:An increasingly firm Howard Dean told CNN again Thursday that he needs superdelegates to say who they're for--and "I need them to say who they're for starting now.""We cannot give up two or three months of active campaigning and healing time," the Democratic National Committee Chairman told CNN's Wolf Blitzer. "We've got to know who our nominee is."If Dean has shown us anything over the course of this election cycle--and readers of this column have varying opinions on the subject--it's that he ...
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