Media

While the official anniversary of the March on Washington for Jobs and Freedom isn’t until Wed, August 28th, a rally will be held this Saturday, August 24th at the Lincoln Memorial starting at 8 a.m. The rally will be followed by a march to the Martin Luther King memorial. Saturday’s rally is part of a week-long lead up to the 50th anniversary march.

How to handle Syria is the toughest call President Obama has yet faced -- a dilemma where two core progressive values stand in profound tension. 

That tension is clear if we walk through a best case scenario, and then look at a worst case. 

Yesterday I wrote about why a tight labor market may not return any time soon to raise wages. But here's another scary thought: What if tight labor markets no longer push up wages like was once the case?

The Cato Institute, a libertarian think tank, is pushing the idea that being poor and living on government benefits in America is actually living high on the hog.

When Walmart broke the bad news to shareholders last week about declining same-store sales and cuts to their profit and sales projections, the company offered a glib explanation. "The retail environment was challenging," asserted Walmart Stores President and CEO Michael Duke. Company executives pointed to weather conditions and the January payroll tax increase to justify the disappointing sales, but larger questions about why consumers weren't buying were never addressed.

With today's big higher ed speech, it's becoming clearer what President Obama's most important legacy may be: He could be the guy who finally stopped runaways costs for two of life's biggest necessities: healthcare and higher education. 

This would be a big deal, because -- quite apart from issues of access and fairness -- the United States is putting itself at a global disadvantage by squandering so many resources on grossly overpriced services in both sectors. 

When Walmart broke the bad news to shareholders last week about declining same-store sales and cuts to their profit and sales projections, the company offered a glib explanation. "The retail environment was challenging," asserted Walmart Stores President and CEO Michael Duke. Company executives pointed to weather conditions and the January payroll tax increase to justify the disappointing sales, but larger questions about why consumers weren't buying were never addressed.

A tight labor market is the great conservative answer to the low-wage jobs crisis. If we can just get the economy booming again, the logic goes, wages will rise along with demand for low-skilled workers. 

Bill O'Reilly told me that earlier today, when I taped a segment at Fox on the economy. 

Of course, many progressive economists will tell you the same thing, even if they have very different ideas about how to spur growth and how to share prosperity. 

“Demos applauds President Obama for using the bully pulpit to shine a light on the college affordability and student debt crisis facing our nation. While Congress and state legislatures have failed to lead on this issue, the President’s tour promises to help highlight the dangers of tying opportunity to debt.