FROM Robert Pollin
The Economy after the Great Recession Forget the argument about the stimulus and the deficit. We're having the wrong conversation, according to Richard Florida. The Professor of Economics at the University of Toronto says, "We need to blow up the fundamentals of our economy."
What Comes after the Great Recession? The Great Recession is not economics as usual but the beginning of a historic transformation, according to some long-term thinkers. They say arguing over the stimulus and the deficit is the wrong conversation, based on the past instead of the future. But what will the future require? As the manufacturing economy is replaced by the knowledge economy, where will the next Middle Class come from? Will “green” industry generate jobs? Will home ownership still be relevant? Can government liberate creative entrepreneurs and encourage economic equality at the same time?
Concern deepens amid Trump's controversies President Trump delivered today's commencement speech to the Coast Guard Academy in Connecticut. As he praised the accomplishments of the graduates, he listed some of his own… and made reference to reports that he leaked intelligence to the Russians and tried to shut down an FBI Investigation into his associates.
Trump, the GOP and the rule of law Conservatives — and some Republicans — are criticizing the President for "the mess he made" in firing FBI Director James Comey. We hear about a potential successor, the possibility of "obstruction of justice" and the constitutional separation of powers.