Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect, and professor at Brandeis University's Heller School. His latest book is Debtors' Prison: The Politics of Austerity Versus Possibility. He writes columns for The Huffington Post, The Boston Globe and the New York Times international edition. 

Recent Articles

Cold Porridge For Regular People: The Myth of the Goldilocks Economy

This article originally appeared at The Huffington Post . T he economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing—but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates. Not to worry, brave investors. The Labor Department weighed in with a report on Friday, revealing that the economy added only 208,000 more jobs in July, down from the June performance. The number of long-term unemployed was basically unchanged. Likewise the rate of labor-force participation. And the percentage of people employed...

Liberal Heroes Miss the Mark in Today's Times Columns

(AP Photo/ Francisco Seco)
New York Times columnist Charles Blow sure blew one this morning and, for good measure, so did Paul Krugman—our two most reliably liberal and intelligent columnists! Blow’s subject was the do-nothing Congress. Ordinarily thoughtful and original, this time Blow fell into the media cliché of assigning symmetrical partisan blame for Congressional inaction, as if the two parties were equally culpable. The piece was full of Blow’s signature: accurate statistics. This Congress has passed only 108 pieces of substantive legislation, the lowest in decades, he reports. It was in session an average of only 28 hours a week. Citing the usual cause of “polarization,” Blow indignantly concluded: “Legislating is only a hobby for members of this Congress. Their full time job is raising hell, raising money and lowering the bar of acceptable behavior.” Excuse me, but the problem is not “Congress.” One party—the Democratic Party— behaves quite normally, seeking to do the public’s business. The other...

The Limits of American Power: Judging Obama's Foreign Policy

The Bush administration taught us the folly of overreach, but America simply can't exit the world stage. The dangers are too great.

AP Photo/Maya Alleruzzo
AP Photo/Maya Alleruzzo U.S. Army soldiers salute American flags at a ceremony at Camp Liberty in Baghdad on Thursday, Sept. 11, 2008. This article originally appeared at The Huffington Post . W hen I was young, a mantra among progressives was that America had to stop operating as global policeman. Vietnam was the signal episode of arrogant and ultimately self-defeating American overreach. But there were plenty of other cases of the U.S. government doing the bidding of oil companies and banana barons, and blithely overthrowing left-democratic governments as well as outright communists (or driving nationalist reformers into the arms of communists.) As the late Phil Ochs tauntingly sang, " We're the cops of the world. " Or as Randy Newman mordantly put it, " Let's drop the big one and see what happens. " At the same time, I viewed myself as sensible left. I was the guy at the Moratorium demonstrations of the late 1960s and early 1970s (actually covering them for Pacifica) hoping to make...

7 Foreign Policy Crises That Show Republicans Prefer Disaster to Solutions

AP Photo/David J. Phillip, File
AP Photo/David J. Phillip, File In this April 25, 2013, file photo former Vice President Dick Cheney participates in the dedication of the George W. Bush Presidential Center in Dallas. In an interview Sunday, Oct. 27, 2013, Cheney said Republicans need to look to a new generation of leaders as the party deals with poor approval ratings following a 16-day partial-government shutdown. He said Republicans need to have "first-class" candidates and look to its strategy and a new generation. This article originally appeared at The Huffington Post . I t's hard to recall a time when the world presented more crises with fewer easy solutions. And for the Republicans, all of these woes have a common genesis: Ostensible American weakness projected by Barack Obama. People in the Middle East, former Vice President Dick Cheney recently said , "are absolutely convinced that the American capacity to lead and influence in that part of the world has been dramatically reduced by this president." He added...

Argentina's Loss to Germany Nothing Compared to Financial Rout By U.S.

As Merkel starves ailing European economies, SCOTUS is doing worse to Argentina's.

AP Photo/J Pat Carter
AP Photo/Jorge Saenz Argentina soccer fans watch in disbelief the final World Cup match between Argentina and Germany on an outdoor television screen set up in Buenos Aires, Argentina, Sunday, July 13, 2014. Mario Goetze volleyed in the winning goal in extra time to give Germany its fourth World Cup title with a 1-0 victory over Argentina. I f there were poetic justice in the world, Argentina would have beaten Germany in the last three minutes of World Cup play instead of vice versa. Germany represents everything that's wrong with the world financial system. Argentina is the epic case of countries whose economies are screwed by policies championed by Germany—and, unfortunately, by the United States, as well. Let me explain. When financial abuses crashed the global economic system in 2007-2008, there were two urgent needs, One was drastic reform to prevent the collapse from wreaking further havoc on the world's most damaged economies. The other was to clean up the banking system so...

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