The Obama Administration

Will the Recovery Finally Translate into Better Wages?

(iStockPhoto/© JLGutierrez)
whitehouse.gov Federal Reserve Chairman Janet Yellen and President Barack Obama. This article originally appeared at The Huffington Post . T he good news about the economy's improved job creation dominated the weekend's headlines. Many commentators concluded that the economy is finally shaking off the effects of the financial collapse of 2008 and the long period of stagnation that followed. The creation of 257,000 new jobs in January is surely good news, as is the long-awaited increase in wages, reported at half of one percent in that month. Even so, the one-year increase in wages has been only 2.2 percent, barely more than 1 percent when adjusted for inflation, and it's been a long time since most workers have seen substantial raises. In this recovery, the economy has been creating more low-wage jobs than high-wage ones. The shift from standard payroll jobs to temp and contract work continues. The uptick in the measured unemployment rate, from 5.6 percent to 5.7 percent, suggests...

Here's How to Achieve Full Employment

If we don't get there, then many communities—particularly those of color—will be left out of the recovery.

(AP Photo/Mary Altaffer)
iStockPhoto The following is the testimony of Economic Policy Institute President Lawrence Mishel before the U.S. House Committee on Education and the Workforce hearing on “Expanding Opportunity in America’s Schools and Workplaces” on February 4, 2014. It originally appeared at the EPI website , where you can also find the source material . I t is encouraging that there is now widespread agreement across the political spectrum that the key economic challenge is middle-class income stagnation. To address this stagnation we must confront two underlying trends. The first is to address the ongoing but incomplete jobs recovery from the financial crisis that Wall Street inflicted on the global economy. The second trend is the stagnation of wages for the vast majority of workers since the late 1970s, an era of “wage suppression.” That wage trends lay at the heart of income stagnation is just common sense. After all, middle-class families rely almost completely on what they earn from their...

Silence of American Jewish Leaders on Boehner-Netanyahu Ploy is Unacceptable

The Israeli prime minister has worked assiduously to transform Israel into an American partisan issue since his first term—never mind the harm to the Jewish state.

(AP Photo/Evan Vucci)
(AP Photo/Evan Vucci) House Speaker John Boehner of Ohio looks on at right as Israeli Prime Minister Benjamin Netanyahu makes a statement on Capitol Hill in Washington, Tuesday, May 24, 2011. M eir Dagan, former head of Israel's Mossad espionage agency, says that Prime Minister Benjamin Netanyahu's scheduled speech to the U.S. Congress is an "excessive provocation" of America and "the gravest blow to [Israel's] security." Dov Weisglass, the closest adviser of late prime minister Ariel Sharon, said on Israel's prime-time version of Meet the Press, that the speech will cause "terrible damage" to Israel. Speaking of talk shows, House Minority Leader Nancy Pelosi told reporters at a Democratic retreat on Friday that if Netanyahu wants to tell Americans his views on Iran, a Sunday morning interview program would be a better venue. Netanyahu is a fixture on such shows, she said. Pelosi didn't say that Democratic lawmakers would stay away from Netanyahu's address on March 3—but she wouldn't...

Exporting Financial Instability

Obama’s Trans-Pacific Partnership agreement could set back the gains made by emerging and developing countries after the financial crisis.

(AP Photo/Vincent Thian)
(AP Photo/Vincent Thian) Activists wave Malaysian flags during a protest against Trans-Pacific Partnership ahead of U.S. President Barack Obama's Malaysia visit, outside the U.S. Embassy in Kuala Lumpur, Malaysia, Friday, April 25, 2014. T he late Dr. Martin Luther King is praised for saying “injustice anywhere is a threat to justice everywhere.” Along the same lines, if we learned anything from the global financial crisis it is that financial instability anywhere is a threat to financial stability everywhere. The Obama administration appears not to have learned that lesson. The trade treaty agenda announced at the State of the Union address is an injustice that will rob our trading partners of the ability to prevent and mitigate a financial crisis. That could not only spell instability for our trading partners, but for the U.S. economy as well. At the State of the Union, Obama asked the Congress to grant him the authority to finish the Trans-Pacific Partnership (TPP)—a trade and...

Under Pressure From the Right, Gowdy Renews Benghazi Shenanigans

Elijah Cummings, ranking member of the Benghazi Select Committee, says the Republicans are keeping information from them and limiting access to witnesses.

(AP Photo/Carolyn Kaster)
(AP Photo/Carolyn Kaster) House Select Committee on Benghazi chairman Rep. Trey Gowdy, R-S.C., left and House Select Committee on Benghazi ranking member Elijah Cummings, D- Md., talk on Capitol Hill in Washington, Wednesday, Sept. 17, 2014, before a House Select Committee on Benghazi hearing on the implementation of the Accountability Review Board recommendations. T he Benghazi Select Committee shed the bipartisan cloak it had worn in public , as Republican members used Tuesday’s hearing to bully Joel Rubin, deputy undersecretary of state for legislative affairs. For more than two hours they badgered their witness, apparently haven taken cues from Eric Cartman (a petulant child portrayed in the cartoon South Park) demanding the State Department respect their “ authoritah .” The Central Intelligence Agency’s Neil Higgins, director of the agency’s Office of Legislative Affairs, for the most part sat silently at the witness table, happy to allow his State Department counterpart take the...

'Housing First' Policy for Addressing Homelessness Hamstrung By Funding Issues

The new approach may spring from good intentions, but is undermined by a lack of affordable housing stock.

(AP Photo/The El Paso Times, Mark Lambie)
(AP Photo/The El Paso Times, Mark Lambie) Andre Stokes, who is homeless, tries to stay warm in a shelter he built in downtown El Paso Tuesday, January 13, 2015. Temperatures were in the 30s, which is unusual for the El Paso area. I n an era of shrinking financial resources, policymakers, providers, and activists who work on homelessness prevention and care in the United States have been forced to develop new strategies. There was a time when officials at the Department of Housing and Urban Development (HUD) saw it as their responsibility to provide both housing and supportive services for homeless individuals, but now HUD now is refocusing its budget predominately on rent and housing—with the hope that other local, state, and federal agencies will play a greater role in providing supportive care. However, whether other organizations will actually be able to pick up those costs and responsibilities remains unclear. The first major federal legislative response to homelessness was the...

The Politics of Gesture

(AP Photo/Mandel Ngan, Pool)
(AP Photo/Mandel Ngan, Pool) President Barack Obama delivers his State of the Union address to a joint session of Congress on Capitol Hill on Tuesday, Janunary 20, 2015, in Washington. A version of this article first appeared at The Huffington Post . I f Tuesday's State of the Union address told us anything, it's this: We are seeing a somewhat bolder Barack Obama. In his speech, the president unveiled a litany of what he calls "fourth-quarter initiatives." Some of these can be accomplished by executive order; most will require legislation. The measures that can be achieved by presidential order include reducing the down-payment or interest on federally insured mortgages to stimulate home ownership. Obama has already used his executive power to suspend deportation of some 5 million undocumented Dreamers and in some cases their parents. He has required federal contractors to pay something closer to a living wage. He recently ordered federal agencies to give new parents up to six weeks...

What Obama Should -- and Shouldn't -- Say in State of the Union Address

While he's taken steps to improve Americans' wages, there's still more the president can do. 

(Official White House Photo by Pete Souza)
(Official White House Photo by Pete Souza) President Barack Obama delivering his 2011 State of the Union address in the House Chamber at the U.S. Capitol in Washington, D.C. This article originally appeared at the website of the Economic Policy Institute . T onight President Obama will deliver his State of the Union address, which gives him an opportunity to lay out his priorities and set an agenda for the year ahead. At the Economic Policy Institute (EPI), we have argued that raising wages is the central economic challenge . It is terrific news that the president will address wage stagnation in his speech. After a year of strong job creation but continued stagnant wage growth, many economists and commentators—not to mention the American people—are beginning to focus on wages. Even the new GOP-controlled Congress is paying lip service to the middle class squeeze (but is offering no program to address these challenges). So we are now entering into a great debate about what can be done...

Don't Starve the Palestinian Authority. Replace It With a Real State

Cutting U.S. aid to the Palestinians would mean heaping one mistake on another.

(AP Photo/Majdi Mohammed)
T he quick storyline is this: The president of Israel has just bashed the prime minister of Israel, which should create a dilemma in Washington—but only if someone is paying attention. President Reuven Rivlin was speaking this week at a briefing for several dozen Israeli ambassadors to European countries—the kind of officially closed session from which leaks are certain, with important comments intended for the media. Three days before, Prime Minister Benjamin Netanyahu had retaliated for the Palestinian decision to join the International Criminal Court (ICC) by freezing the monthly transfer of taxes that Israel collects on behalf of the Palestinian Authority (PA). Rivlin said this wasn't smart, and wasn't good for Israel. "With those funds, the Palestinians provide for themselves and the PA functions. It is in Israel's interest that the PA functions," Rivlin said, adding that when he was a working attorney, "I never filed a suit for damages that would end up hurting me." Israel's...

Meet Austerity's Kissing Cousin: A Terrible Trade Deal

(AP Photo/Martin Meissner)
(AP Photo/Martin Meissner) People protest against the Transatlantic Trade and Investment Partnership (TTIP) at the final election party of the Christian Democratic Union (CDU) prior E.U. Parliament elections in Duesseldorf, Germany, Friday, May 23, 2014. This article originally appeared at The Huffington Post . E urope is right on the edge of another downward lurch into prolonged deflation. GDP growth is hovering right around zero. Germany, as an export powerhouse, continues to thrive, but at the expense of the rest of the continent—victims of German-imposed budget austerity demands. The euro, which keeps sinking against the U.S. dollar, is now trading at just $1.20, its lowest level in four and a half years. Unemployment outside prosperous Germany remains stuck at over 12 percent. All of this weakens the political center that supports the E.U., and increases the appeal of far-right parties. (You wonder if Europe's leaders bother to read their own history. When there is protracted...

Torn Between Two Presidents

(Official White House Photo by Pete Souza)
In the 2008 primary campaign, there was a moment when Democrats began to debate Bill Clinton's legacy. At one point, Barack Obama seemed to minimize the significance of the Clinton presidency when he said, "Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not." Hillary Clinton and her supporters reacted with horror, accusing Obama of thinking more highly of a conservative icon than a successful Democratic president (though that of course wasn't his point). In the end, that internal discussion—just how good a president was Bill Clinton?—never proceeded too far. But with Hillary Clinton still the prohibitive favorite to be the 2016 Democratic nominee, we could well have the full debate we never quite got in 2008, and in the context of the Obama presidency now entering its final phase. Hillary Clinton, it is said, has to distance herself from her former boss to convince voters that her presidency would be more than a...

Obama Compared to Prior Presidents On Job Creation, In Graphs

B arack Obama has some reason to crow about the direction the economy has been moving lately. As he said in his press conference on Friday, "as a country, we have every right to be proud of what we've accomplished: more jobs, more people insured, a growing economy, shrinking deficits, bustling industry, booming energy." And it's true that there are some kinds of economic data that look excellent, particularly job creation, which is what I want to focus on for the moment. We've had 50 straight months of positive job growth, since September 2010, which is pretty remarkable. Once we get the December numbers there will probably wind up being around 3 million jobs created in 2014, which would make it the best year since 1999. So how does Obama stack up against his predecessors in this department? As always, it depends how you look at it. But let's start with just the job numbers . Here's a graph showing every president since Eisenhower: A few things jump out from this graph. While we don't...

Meet the Congressional Mouthpieces of the Anti-Cuba Lobby

They hail from both parties, but they have one thing in common: something called the U.S. Cuba-Democracy PAC.

(AP Photo/J. Scott Applewhite, File)
(AP Photo/J. Scott Applewhite, File) Like his Republican counterparts who oppose the president's opening to Cuba, U.S. Senator Bob Menendez, Democrat of New Jersey, has ties to the U.S.-Cuba Democracy PAC. On Wednesday, December 17, he accused President Barack Obama of "vindicat[ing] the brutal behavior of the Cuban government.” This March 27, 2014, file photo shows him in his role as Senate Foreign Relations Committee Chairman, listening as the committee's ranking member, Senator Bob Corker, Republican of Tennessee, speaks during a news conference on Capitol Hill in Washington. This article originally appeared at AlterNet . O n Wednesday, President Barack Obama announced that Cuba would be freeing several American captives while also overhauling relations between the two countries, moving to a full normalization of relations that would include a gradual lifting of the travel and trade bans. Obama's move is in sync with public opinion. Gallup has long polled Americans about their...

Barack Obama, Set Free

President Obama on the phone yesterday with Cuban president Raul Castro. (White House photo by Pete Souza)
Here's a little blast from the recent past, a meeting of the minds between Bill O'Reilly and Brit Hume in October 2013: O'Reilly asked Hume, "Is he just not interested? Is he bored with it? Is it deniability?" Hume said that unlike some past presidents, Obama is "not a micromanager" and prefers to rely on others. O'Reilly charged that right now, Obama's performance is so bad, he's in "major trouble on the history front" and has to be "in the bottom ten" in a ranking of all the U.S. presidents. This was a major theme in conservative and not-so-conservative media for quite some time: Obama is passive, he's bored, he just doesn't care anymore, he's like a senior two weeks from graduation who just can't wait to get it over with. Here's a piece from June by Ron Fournier passing on complaints about Obama from anonymous Democrats, including "his disengagement from the political process and from the public." "He's bored and tired of being president," Fournier cites one as saying. Not long...

Is Barack Obama's Revival On the Way?

White House photo by Pete Souza
Is Barack Obama about to have a revival? Peter Beinart argued the other day that he is, for three reasons: his actions on immigration have improved his standing among Hispanics, the economy is picking up steam, and there's a natural swing of the pendulum in press coverage as reporters tire of writing the current story after a while and look for change and new developments. An Obama comeback would fit the bill. I think Beinart is probably right, and the economy is the main reason; it swamps every other consideration in evaluating the president. We could have some major shock that upends the momentum it has been gaining, but if things proceed for the next two years on the trajectory they're on, the Obama presidency will be one of the best for job creation in recent history. But it's also important to understand that an Obama revival, should it happen, is going to look different than that of other presidents. Among recent two-term presidents, George W. Bush left office with approval...

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