Before a joint session of Congress, President Obama laid out a $447 billion package of tax cuts and new government spending Thursday night to help stimulate the economy and create new jobs. His speech comes at a time when 14 million people are unemployed and another 8.8 million are working part-time but seeking full-time work. The official unemployment rate stands at 9.1 percent, and the White House is predicting the rate will not fall below six percent until 2017. The jobs crisis is particularly severe for African Americans, who face an unemployment rate that soared to 16.7 percent in August—the highest it’s been since 1984. We speak with Dedrick Muhammad, senior director for economic programs for theNAACP, and Scott Paul, founding executive director of the Alliance for American Manufacturing.
Action to remove fossil fuel subsidies must be a centerpiece of international and national climate efforts.
Paul Krugman: The push for "structural reform" isn't really about growth - it's mainly about dismantling the welfare state.