Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect, a professor at Brandeis University's Heller School, and a distinguished senior fellow of the think tank Demos. He was a longtime columnist for Business Week and continues to write columns in The Boston Globe. He is the author of Obama's Challenge and other books.

Recent Articles

Intrigue: Doth Chuck Schumer Protest Too Much When Called 'Enabler' of Bad Budget Deal?

(AP Photo/Manuel Balce Ceneta)
(AP Photo/Manuel Balce Ceneta) Sen. Chuck Schumer, Democrat of New York, talks on a phone as he walks from the Senate subway on Capitol in Washington, Friday, December 12, 2014. This article originally appeared at The Huffington Post . L ast week, I wrote a piece lamenting the fact that so many Democrats had voted for a budget package that gutted a key provision of the Dodd-Frank Act. The so called swaps push-out provision, now repealed, required banks to separate their speculative business in derivatives from depository banking covered by government insurance and further protected by the Federal Reserve. The broader budget deal, technically a continuing resolution to keep the government funded through next September, also cut a lot of needed public spending and added several odious riders, including one that raises the ceiling on individual campaign contributions to party committees about tenfold. Had Democrats resolutely opposed the deal, I argued, it would have revealed Republicans...

The Great Budget Sellout of 2014: Do We Even Have a Second Party?

The Democrats not only lost this vote on issues they allegedly care about; they lost their role as a credible opposition.

(AP Photo/J. Scott Applewhite)
(AP Photo/J. Scott Applewhite) For in the great budget sellout of December 2014, fully 57 House Democrats voted with the Republicans to narrowly pass this deal. Key Senate Democrats close to Wall Street, such as Chuck Schumer of New York, shown here, were its enablers. This article originally appeared at The Huffington Post . I n principle, Saturday's vote to keep the government open should be the perfect curtain-raiser for the political debates between now and the 2016 election. As their price for averting a government shutdown, Republicans demanded and got a gutting of one of the most important provisions of the Dodd-Frank Act, preventing banks from speculating with government insured money. Agencies hated by Republicans such as the Environmental Protection Agency took big cuts, and a rider was inserted permitting "mountaintop removal" coal mining once again. Another extraneous provision demanded by conservatives permits massive increase in individual campaign contributions. The IRS...

Movements for Racial Justice and Economic Justice Could Converge to Form a Powerhouse for Change

(Photo by Rachel M. Cohen for The American Prospect)
What happens to a dream deferred? Maybe it just sags like a heavy load. Or does it explode? T hat was the poet Langston Hughes, in 1951. In that year, more than half a century ago, the most basic dreams of African Americans were deferred. Segregation was mandatory in the old South. Discrimination was legal everywhere in America, whether in housing, education, or employment. Blacks were not just separated, but isolated, marginalized, restricted to the worst jobs and most dilapidated neighborhoods, the most dismal schools. For many, the racism just sagged, like a heavy load. It destroyed hope that hard work would be rewarded. The deferred dreams of that era seldom produced explosions, because the state had a very efficient system of terror. Blacks who resisted were likely to be lynched, jailed, or otherwise destroyed. It is a testament to sheer grit, tenacity and courage that large numbers of blacks managed to get educations, raise families, start businesses, and enter professions at...

Carnage at The New Republic and Prospects for the Liberal Press

The New Republic
A .J. Liebling, the early New Yorker ’s celebrated press critic (he invented the genre) once wrote : The pattern of a newspaperman's life is like the plot of 'Black Beauty.' Sometimes he finds a kind master who gives him a dry stall and an occasional bran mash in the form of a Christmas bonus, sometimes he falls into the hands of a mean owner who drives him in spite of spavins and expects him to live on potato peelings. You might say the same thing of magazine publishers. Political magazines are something close to public trusts—key elements of a robust democracy--but most are privately owned. Like newspapers, they are at the mercy of the whims of owners who are sometimes astute at the publishing business, and sometimes inept; sometimes kind masters, and sometimes capriciously cruel. The New Republic , where I worked for a decade, was once America’s leading liberal magazine of essay, reporting, and criticism. In the past half-century, TNR went through a convoluted odyssey. A chain of...

Low Oil Prices Are History's Greatest Case of Market Failure

(AP Photo/Hasan Jamali, File)
(AP Photo/Hasan Jamali, File) R emember "Peak Oil?" The world was running out of oil , we were told: Prices would soon skyrocket, and we had better find other fuels. Well, that argument didn't work out so well for environmentalists, did it? As oil reserves and those of other carbon fuels became scarce and prices rose, the law of supply and demand kicked in. The industry invested the profits from those higher prices in new technologies, and the oil barons found even more destructive ways to extract oil and gas—by exploiting the muck from tar sands, inventing hydro-fracking, and despoiling sources in developing countries. So now, oil is cheaper than it's been in years, about $66 a barrel. Regular unleaded gasoline can be had for well under $3 a gallon. One of the few things sustaining U.S. consumer purchasing power in the face of dismal wages is close to $100 billion saved in energy costs. OPEC's pricing power has been broken , and the United States is about to surpass Saudi Arabia as...

Pages