Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect, as well as 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

Europe: Old Austerity in New Bottles

In late July, European Central Bank (ECB) President Mario Draghi, speaking off the cuff in London, pledged to do “whatever it takes” to save the Euro, including massive intervention in bond markets to keep speculators from extending the Greek disease to Spain and Italy, where interest rates were ominously rising. This impressed money markets for a few days—until investors realized that Draghi’s commitment came with big strings. Strapped countries benefitting from these purchases would first have to double down on austerity. No thanks, said the leaders of Spain and Italy.

A Good Convention, a Bad Jobs Report

The August jobs report of the Labor Department is not great news either for the U.S. economy or for the Obama campaign. The headline drop on the measured unemployment rate, from 8.3 to 8.1 percent, conceals deeper weaknesses.

The economy generated only 96,000 jobs in August, far lower than the monthly average of around 200,000 in the spring. The nominal unemployment rate declined only because more people have given up looking for work. The ratio of employment to population declined by 0.2 percent. 

The Labor Department also revised the July and August monthly jobs numbers downward by about 20,000 each, leaving the 2012 job-creation performance below that of 2011.

Party Animals

(AP Photo/Jae C. Hong)

“I’m not a member of any organized political party,” Will Rogers famously declared, “I’m a Democrat.” Rogers would not recognize the 2012 Democrats. I’ve been attending conventions since 1964, when as a student I smuggled floor passes to the Mississippi Freedom Democratic Party insurgents in Atlantic City. And I’ve never seen anything as well choreographed and unified as night one of the 2012 convention.

The GOP's Crazy Core

The pragmatic Republican establishment (despite the Tea Party, there still is one) is frantic to jettison Representative Todd Akin’s toxic comments on conception and rape, and to quarantine the scientifically-challenged congressman.

Much of the commentary has been about how Akin’s clumsiness connects to Republican vulnerability on other issues important to women. But this raises a larger question: Why is the Republican lunatic position politically toxic only on this particular issue?

Out of Work, Out of Luck

MIT Press

Back to Full Employment, by Robert Pollin. A Boston Review Book. The M.I.T. Press. 187 pages. $14.95

Achieving full employment has been at the center of the progressive project for more than a century. If work is available at decent wages for everyone who wants it, then the rest of the agenda is a lot easier. Opportunity proliferates. People feel a sense of dignity and worth. Human potential is fully utilized. In a virtuous circle, adequate purchasing power has a rendez-vous with the economy’s productive capacity. Tight labor markets give workers the leverage to bargain for decent wages. Social-transfer programs can be reserved for special needs rather than being strained to make up for the fundamental lack of decent income.

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