Archive for August, 2010

Contradictions and Disappoinments

Posted on August 27, 2010 by

I heard that new housing starts are down. That’s supposed to be bad news. But then I think of those crappy tract homes next to the freeways east of Pomona which put working-class families “underwater” in the subprime scam. In an era of stagnant wages, workers hoped to score in the real estate market, so [...]

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Losing by Winning and Winning by Losing

Posted on August 20, 2010 by

Here’s what I’m not going to talk about:  How the Obama election triggered an amazing sense of elation that began to dissipate almost immediately  How almost overnight the republicans figured out how to undermine the new president and his allies  Whether it would be better for democrats to hold slim congressional margins or turn over [...]

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Corporate Fun and Games

Posted on August 13, 2010 by

What’s all the fuss about American companies making profits but not hiring new workers? That’s been going on for at least 40 years.  So what if earnings are up.  There’s nothing in our political or economic system to persuade, coerce or – sorry for this one – “incentivize” private sector job creation or retention. Did [...]

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Pension Cuts Deep

Posted on August 6, 2010 by

I’m not sure we can call government worker pensions a “hot button” issue.  It lacks the immediacy, clarity and simple polarity of, say, abortion or gay marriage. But I guarantee that the controversy over retirement pay for millions of city, state and federal workers will fuel ongoing political debate, possibly for the rest of this [...]

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