The New Deal and Self-destructive Donald Trump (tags)
From 1929 to 1932 industrial production halved and in a chain reaction over 5000 banks went bankrupt. Farmers' incomes shrank by 70 percent, unemployment rose to 25 percent, and there were no welfare state measures to cushion the misery.
The Works Progress Administration created 651K miles of highway, 124K bridges, 8K parks and 125K public buildings including 41K schools. In the US of Amnesia, corporate subsidies are called public necessities and public welfare unnecessary Orwell warned us of this inversion of language.
Learning from Roosevelt: HIs "New Deal" (tags)
The Civilian Conservation Corps helped overcome the basic pessimistic mood in society. Within a few months, 500,000 young persons had hope again. The government should intervene in case of an economic emergency.
Barack Obama must stimulate the economy with state spending. The astonishing example of Europe could convince republicans who in the past blocked everything... The monetary policy of a central bank cannot replace fiscal policy,
Austerity Hastens Economic Decline (tags)
class war
Republicrats Campaign About Jobs and Do Nothing About High Unemployment (tags)
Recently, Mitt Romney made a stop on his “Jobs Tour” in upper Bucks County, Pennsylvania just outside of Philadelphia. His appearance was supposed to be, interestingly, at a local WAWA store (for those out-of-state, WAWA is a convenience store chain) Why is this interesting? Because WAWA, like so many employers these days, is a low wage, no benefit “job creator.”
Oakland General Strike a Success, but Cops Seriously Injure another Vet (tags)
With over 50,000 people protesting in the street in three major protests through the course of the day, massive labor participation, and a shut down of the Port of Oakland, there is no question that the general strike was a success. Yet the corporate media is now blowing up the importance of a few acts of vandalism by protesters and agent provocateurs.
Obama?s Continued Failures on the Environment and Jobs (tags)
[Photo: Bridge in Felton, California built by workers in the Works Progress Administration which employed 3.8 million people from 1935 to 1941 and built 11,000 schools, 122,000 public buildings, 77,000 bridges, 285 airports, 24,000 miles of sewer, and 664,000 miles of road. Photo by Liberation News]
class war
A New Paradigm: The New Deal of the 1930s (tags)
The New Deal that led out of the worldwide economic crisis in the 1930s was based on the combination of a new technical-economic model with a new socio-economic model. Obama's achievement is not turning the necessity of overcoming the crisis against the social principle
FDR's New Deal v. Obamanomics in Their First 100 Days (tags)
stark mirror opposites
The Downhill Plunge Speeds Up (tags)
The state has a social nature and cannot only be power and security state. In crisis, we are all Keynesians. Taboo for a long time, the New Deal program slowly sounds promising again. The 1933 "Home Owners Loan Act" was created in the first 100 days of Roosevelt's presidency.
Federal Tax Relief Package is Welfare for Billionaires (tags)
President Franklin Roosevelt introduced the New Deal that began to release the nation from the grips of the Great Depression. America is now in the Bush Recession, and to implement effective economic solutions it will be necessary to take a page from the socialists' book. One-time checks are not the answer, and the federal stimulus package is already doomed to failure.
Acting on principle: John Randolph’s life and legacy (tags)
HOLLYWOOD, Calif. – John Randolph, a great light of stage and screen, was laid to rest here Feb. 24 at age 88. Actor and activist, Randolph shined his light through the anti-Communist hysteria of the McCarthyite 1950s.
Kerry catches tax cut mania (tags)
It is highly unlikely that tax breaks would spur much job-creating investment, since employers are reluctant to expand operations while facing overcapacity in almost every industry. Utilization of industrial capacity hit a 20-year low of 74 percent last year, and is barely higher today. Instead of adding jobs, employers are squeezing more from fewer workers, while allowing little or no wage growth.