Washington – Just a few months ago, the smart money in Democratic political circles was no longer betting on Wisconsin as a likely winnable state in the November election battle to unseat President Trump. But the surprising outcome of the state’s April 7 election has put Wisconsin back in play. Wisconsin voters set off Republican […]
Washington – With Republicans surfacing more details of their tax-cut package and debate sharpening over its likely impact, Trump’s top economist forecasts a boost of $4,000 in annual income for the typical American family but most economists don’t buy that estimate and Senate Democratic Leader Chuck Schumer derides it as “fake math.” In fact, one […]
Washington – Riding a tide of tax cuts and rising profits over four decades, the captains of Corporate America have shifted $1 trillion each year from the paychecks of middle class Americans into massive payoffs to Wall Street investors and CEO pay packages. And now they want you to believe, once again, that cutting corporate […]
Washington – For Candidate Donald Trump, one sure-fire way to ignite his political base in 2016 was to savage Wall Street for stealing the American Dream from the working middle class and to accuse Hillary Clinton of rigging the system for her friends at Goldman Sachs and other Wall Street banks. “She is their puppet […]
Olga, WA – If Donald Trump can get over his nonsense about President Obama being the “Founder” of ISIS and his hassling Gold Star families and fellow Republicans, Campaign 2016 can get to America’s core issue – economic inequality and the rival pitches of Clinton and Trump of a better deal for the middle class. […]
Washington – Economists call it “the Virtuous Circle of Growth.” It’s the dead opposite of “trickle down economics.” The core idea is that a well-paid middle class is the engine of America’s economic growth. In other words, America’s job creators are the 99%, not the 1%. That was the economic concept that powered America’s remarkable […]
Washington – Given Donald Trump’s gutter politics – his foul mouth, his racist bigotry, his dark nativism, you have to ask yourself, “How does he keep winning?” and “Why does he so alarm the Republican Establishment?” And the answer lies not so much in personality politics, but in something more explosive: Trump’s heresy against orthodox […]
The decision by Los Angeles to raise the city’s minimum wage to $15 an hour by 2020 has national significance far beyond the powerful impact it will have on the incomes and lives of an estimated 400,000 workers in LA. For not only does it put pressure on the rest of California, New York, Chicago […]
Spring means pollen are in the air. This year, several mischievous species of pollen – the kind of alien economic thought-germs that aggravate the allergies of Wall Street orthodoxy. For starters, Wall Street found itself playing host to Etsy, a so-called Benefit Corporation, an upstart Brooklyn-based artist’s marketplace that strays from the ideology of pure […]
Hedrick Smith, who conceived this website and is its principal writer and architect, is a Pulitzer Prize-winning former New York Times reporter and Emmy award-winning documentary producer for PBS and PBS FRONTLINE. more »
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