New Graduates Earning Less, Owing More in Obama Economy

“Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today. You’re f*cked.” – Robert Reich Pretty strong words from President Clinton’s Labor Secretary, someone whom you would expect to…
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Obama's Small-Ball Solutions No Match for America's Big Problems

Big problems demand big solutions. And there has been no bigger problem in the last few decades than the current recession. Unemployment remains sky high. To the extent that it is falling it is largely because frustrated job-seekers are dropping out of the labor force. The problem is even more acute for young adults who…
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New Study Shows American Dream Fading Among America's Youth

The definition of the “American Dream” has changed over time. During the nation’s founding the term was wrapped up in the New World mystique in which everyone had the opportunity to own their own piece of land. In the 19th century, as the young nation was flooded by immigrants from Ireland, Germany, Italy, and other…
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Disappointing Job Numbers a Hallmark of the Obama Economy

The happy signs of economic growth that dominated the first few months of the year are fading back into the muck of an unlabeled recession. This has all happened before. Remember back to March through May of 2010, when the economy was adding an average of 316,000 jobs per month. Obama immediately tried to work…
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Graduation Excitement Diminished By Obama Economy

Graduation Day is fast approaching. It should be a day of excitement for college students throughout the nation. A day for donning a funny robe and an even funnier hat to listen to some sage wisdom from a hopefully interesting speaker.  It represents the last step towards adulthood, as we move from the classroom to…
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Disappointing New Job Numbers Reveal Weakness of Obama's Recovery

It was the best of times, it was the worst of times. Unfortunately, the best of times happened solely in the minds of economists who had predicted another strong jobs month. Here’s Bloomberg’s preview: “Employers probably added more than 200,000 workers to payrolls in March for a fourth straight month as US companies gained confidence…
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Why Obama's Cool Reaction to December Job Numbers is Telling

“It’s morning again in America.” That was the signature line from President Ronald Reagan’s famous campaign ad during his 1984 reelection bid. The message was perfect in its simplicity – that Reagan’s conservative policies had brought American out of the darkest depths of a recession and into the light of a new day.   The…
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