Harold Meyerson

Harold Meyerson is the executive editor of The American ProspectHis email is hmeyerson@prospect.org.

Recent Articles

How to End the Stock Buyback Deluge

(Photo: AP/Richard Drew)
(Photo: AP/Richard Drew) Traders gather on the floor of the New York Stock Exchange on October 29, 2015. This article originally appeared at The Washington Post . While this is Harold Meyerson's final column for The Washington Post , he will continue to write a weekly column that we will post on the Prospect 's website. “ Follow the money,” “Deep Throat” famously tells Bob Woodward, hot on the trail of The Washington Post ’s most celebrated story, in the film All the President’s Men . In more recent decades, following the money has yielded a tale quite as calamitous as Watergate: the evisceration of the American middle class at the hands of the American rich. A Pew Research Center study released in December documents this shift. In 1970, middle-income households claimed 62 percent of all personal income, while upper-income households received 29 percent. In 2014, the share going to middle-income households had declined to 43 percent, while that going to the top had soared to 49...

The Right's War Against the Spirit of Christmas

AP Photo/Charlie Neibergall
AP Photo/Charlie Neibergall Republican presidential candidate Donald Trump speaks during a campaign rally at the Veterans Memorial Building, Saturday, December 19, 2015, in Cedar Rapids, Iowa. This article originally appeared at The Washington Post . T hey were refugees, fleeing for their lives from one Middle Eastern country to the next. As Matthew tells the tale , Joseph, fearing that the government had marked his newborn son for death, gathered up his wife and child and stole away by night across the Judean border into Egypt. And just in time: Unsure who, exactly, to kill, that government—a king named Herod, who’d heard some kid would one day become a rival king—proceeded to slaughter every remaining child in Bethlehem under the age of two. This isn’t a chapter of the Christmas story that has made it into the general celebration, but it’s there in the gospel, for those who give the gospels credence and for those who don’t. For both groups, it’s clear that the authors of the New...

The Gross Oversight in the Fed's Decision to Raise Interest Rates

AP Photo/Susan Walsh
AP Photo/Susan Walsh Federal Reserve Chair Janet Yellen closes her notebook after holding a news conference in Washington, Wednesday, December 16, 2015, following an announcement that the Federal Reserve raised its key interest rate by quarter-point, heralding higher lending rates in an economy much sturdier than the one the Fed helped rescue in 2008. This article originally appeared at The Washington Post . T he Federal Reserve’s decision Wednesday to raise interest rates for the first time since 2006 highlights a glaring weakness of conventional economic analysis: its failure to understand the role that power plays in shaping the economy. By all the usual metrics, wages should be bounding upward now that unemployment has been reduced to 5 percent and 13 million jobs have been added to the economy since the depths of the Great Recession. It’s to counter the inflationary pressures that such wage increases would engender that the Fed finally decided to hike rates. The only problem with...

Frank Sinatra, America's Definitive Voice

AP Photo
AP Photo Frank Sinatra is shown on May 21, 1950. This article originally appeared at The Washington Post . W hen it comes to the birth of American geniuses, 1915 was a very good year. This year marks the centenary of Orson Welles , Arthur Miller , Saul Bellow and, on Saturday, the guy who gave eternal life to the Great American Songbook— Frank Sinatra . Bellow and Sinatra also have something in common more important and remarkable than their birth year, their affinity for fedoras, their decades-long political drift from left to right and their tempestuous personal lives. It wasn’t until 1953 that each found his voice. “ The Adventures of Augie March ,” the Bellow novel published that year, marks the real beginning of Bellow’s distinctive contribution to literature. What “Augie” had that Bellow’s previous writing lacked was a voice new to American letters: serious, wiseass, street-smart, discursive, digressive—a New York intellectual and racetrack tout rolled into one. Bellow’s voice—...

How Hillary Clinton Can Shake the One Charge That Sticks to Her

AP Photo/Jim Cole
AP Photo/Jim Cole Democratic presidential candidate Hillary Clinton speaks to employees during a tour and campaign stop at WH Bagshaw, a fifth-generation family-owned business Thursday, December 3, 2015, in Nashua, New Hampshire. This article originally appeared at The Washington Post . H illary Clinton comes under lots of attacks. Most of the charges leveled at the former secretary of state range from the far-fetched (her alleged complicity in the Benghazi tragedy, for instance ) to the hard-to-discern-what-the-issue-is (her “ damn emails ”). However, the one line of attack that is substantial, and that she’s had the most trouble dispelling, is her closeness to Wall Street . Many of the economic policies of her husband’s presidency—the repeal of the Glass-Steagall Act, the refusal to regulate derivatives—were formulated by top aides who’d spent their lives on Wall Street, who were instrumental in the explosive growth of the financial sector, and who were trusted consiglieres to both...