Robert Kuttner

Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect magazine, 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 and Huffington Post. He is the author of A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control our Economic Future, Obama's Challenge, and other books.

Articles by this author

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Monday, January 11, 2010
The Case Against Bernanke
Much of the mainstream press has played the rising opposition to Senate confirmation of Ben Bernanke as a case of misplaced populist rage. The fact that the opposition within the Senate began with that chamber's left (Bernie Sanders) and right (Jim Bunning) seems to confirm the premise that it's only the fringe that opposes his reappointment as Fed Chairman.
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Monday, January 04, 2010
New Year's Resolution: Clean House
President Obama's own instincts on how do deal with the economy seem to be somewhat better than those of his most senior advisers. At the White House jobs summit in December, he sounded less like Larry Summers or Tim Geithner and more like the man we heard on the campaign trail.
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Monday, November 16, 2009
A Wake Up Call on Jobs
President Obama has announced a White House Jobs Summit for next month. At least that's the beginning of recognition that the unemployment rate is unacceptable. The measured rate is now 10.2 percent, but if you count people who have given up or who are involuntarily working part time, the real rate is over 17 percent.
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Monday, September 14, 2009
A Virtuous Tax
One prime cause of the financial collapse is that financial trading markets have become speculative worlds unto themselves. Instead of adding efficiency to the real economy, they mainly add risk that the rest of us now have to pay for. There are many ways to damp down financial speculation, but a very effective strategy is to tax it. Given the huge costs of the clean-up (now being borne mainly by taxpayers) it would make a lot more sense to require financial markets to pay for their own bailout.
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Monday, August 17, 2009
Killing Yourself with Kindness
Will somebody please explain to me why Barack Obama is still on his bipartisan kick?
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Monday, July 27, 2009
Wall Street on Speed
The New York Times recently reported that the latest scheme--or scam--on Wall Street is something called High Frequency Trading. Very sophisticated financial firms, such as Goldman Sachs, are tipped off by the New York Stock Exchange's own computers to pending buy and sell orders. Armed with ultra sophisticated computer algorithms, the insiders anticipate the direction of the market based on what they learn about supply and demand for a given security. They can make an extra penny here and an extra penny there at the expense of us suckers, adding up to billions.
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Monday, July 20, 2009
Smoking the Green Shoots
Question for the day: Where is the economic recovery going to come from?
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Monday, July 06, 2009
3 Reasons We Need an Economic Wake Up Call
Several events of the past week should be a wake-up call to the Obama administration. Bottom line: the medicine isn't working. Stronger stuff is needed. Consider: The June Unemployment Numbers. The green-shoots school was expecting that the rising rate of unemployment would continue to slow, as it did in May. But instead the number spiked back up. A total of 467,000 jobs were lost. The unemployment rate rose to 9.5 percent, and OECD economists project that U.S. unemployment will still be in double digits as late as 2011.
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Monday, June 29, 2009
Pecora Swirling: Appointing the Financial Crisis Inquiry Commission
Reuters is out with an authoritative story on finalists being considered for the Financial Crisis Inquiry Commission, the investigative body created by Congress to launch a full-scale investigation of the financial crisis in the spirit of the famous early 1930s hearings led by Ferdinand Pecora.
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Monday, June 22, 2009
The Policy That Dare Not Speak Its Name
I'm sure I'm not the only reader who noticed the juxtaposition of two front page stories in Sunday's New York Times dealing with health care. The first article cited a new Times-CBS poll showing that 72 percent of Americans favored a government run health plan comparable to Medicare, which would be available to everyone.
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