FROM John Makin
The Backlash Against Austerity International May Day rallies are supposed to celebrate the dignity of human labor, but with 26 million Europeans out of work and unemployment at 27 percent in Greece and Spain, today's rallies were protests against the consequences of massive spending cuts and increased taxes. Unemployment is setting records in Eurozone countries, and the focus is shifting from reducing debt to growing troubled economies. Some economists are saying "we told you so," bolstered, believe it or not, by discovery of an Excel spread-sheet error in an influential research paper. What will the "austerity" backlash mean for the "sequester" in this country? Are politicians catching up with new ideas of what works and what doesn't?
President Obama and the American Jobs Act President Obama challenged Congress last night to shut down the "political circus" in Washington and work together--before next year's election. He said everything in his American Jobs Act had been approved in the past by both Democrats and Republicans. He told them to pass it no less than 15 times. He asked Americans to demand action and today — as promised --he took his $447-billion program out on the road. The first stop is Richmond, Virginia,in the district of the Republican minority leader in Congress, Eric Cantor. Is it "bold" enough for Democrats to rally behind it? Is there any chance for support from the GOP? Will voters decide that the "circus" is still going on?
The President and America's infrastructure: Bait and switch? President Trump's $1 trillion infrastructure proposal may not be what it seems. We look at the prospects for much-needed improvements in roads, bridges and airports.
Trump's opening offer: Making some of America 'great again?' A massive increase for the Pentagon at the expense of domestic programs. We hear about winners and losers in the President's first proposed budget.