Posts tagged ‘austerity’

Robert Reich on the Romney-Ryan Economic Plan

by , posted on Monday, August 20th, 2012 at 7:22 pm

from MoveOn.org Political Action

The five basic features.

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Robert Pollin: Full Employment Is Possible

by , posted on Sunday, July 29th, 2012 at 1:31 pm

from GRITtv with Laura Flanders

The latest book from Robert Pollin, economics professor at University of Massachusetts Amherst and director of the Political Economy Research Institute, is “Back to Full Employment.” If the title seems bold, the road map Pollin lays out behind it is hardly outlandish. In this conversation with Laura Flanders, Pollin explains how the Federal Reserve can grow employment tremendously, without the need for any legislation.

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PDA IL: John Laesch on austerity measures in Illinois

by , posted on Thursday, July 19th, 2012 at 9:51 am

from PDA-IL

John Laesch of Northern Illinois Jobs With Justice (NIJWJ.org) speaks about austerity measures in Illinois.

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Joseph Stiglitz on Occupy and Why U.S.-Europe Austerity Will Only Weaken Economic Recovery

by , posted on Sunday, June 10th, 2012 at 10:36 pm

from Democracy Now!

As European leaders scramble to address the sovereign debt crisis, Nobel Prize-winning economist Joseph Stiglitz argues the austerity measures pushed by Germany, the United States and international creditors are only “going to make the countries weaker and weaker.” If European economies contract, Stiglitz predicts that “our economy [will] go down further into the hole. … Those policies then increase the probability of our weak economy tipping over into recession.” Stiglitz’s new book is “The Price of Inequality: How Today’s Divided Society Endangers our Future.” Stigliz continues: “Occupy Wall Street was a reflection of a lot of American’s perspective that our economic system is unfair. … There was a hope after the crisis, that government would fix things, it didn’t. Or didn’t do enough, and that combination of economic unfairness and a political system that doesn’t seem capable of correcting these injustices, I think is what motivated a lot of the Occupy Wall Street.”

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Gary Younge: The Revolt Against Austerity

by , posted on Thursday, May 17th, 2012 at 5:28 pm

from The Nation

Across Europe, people are vocally and actively rejecting austerity. But they’re not doing so as Europeans, Nation columnist Gary Younge points out. Global and regional solidarity has been limited, Younge explains in this video, even as people fight similar battles against income inequality and other forms of injustice.

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“End This Depression Now”: Paul Krugman Urges Public Spending, Not Deficit Hysteria

by , posted on Thursday, May 17th, 2012 at 2:30 pm

from Democracy Now!

Public spending is under assault from the United States to Europe in the name of fighting deficits. Nobel Prize-winning economist Paul Krugman argues in his new book, “End This Depression Now!”, that the hysteria over the deficit will constrain an economic recovery in a time of high unemployment and stagnating wages. “The economics is really easy,” says Krugman, “If we were to spend more money at the government level, rehire the school teachers, firefighters, police officers who have been laid off in the last several years because of cutbacks, we would be a long way back toward full employment. … Right now there’s just not enough spending. We need the government to step in and provide the demand we need … We’ve had austerity in the face of a recession in a way that we’ve never had before since the 1930s. The results are clear — it is disastrous.” Krugman writes about the economy as a columnist for the New York Times and is a Professor of Economics at Princeton University.

The interview continues after the jump …

(more…)

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“Make A Ruckus”: Robert Reich Hails Occupy For Exposing Concentration of Wealth and Power

by , posted on Tuesday, May 8th, 2012 at 3:34 pm

from Democracy Now!

In his new book, Beyond Outrage, former Labor Secretary Robert Reich opens with a dedication to the Occupy Wall Street movement. He writes: “To the Occupiers, and all others committed to taking back our economy and our democracy.” We speak to Reich about the success of Occupy in reshaping the national dialogue on the economy and why strong grassroots movements are needed to push elected leaders in Washington to enact a progressive agenda. Reich also discusses why austerity is not the answer to the economic crisis at home, or in Europe.

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