BTS 8/6/10: Jobs Numbers; Ireland Crisis; Austerity; Prop 8 and CORI Victories

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We begin with Max Fraad Wolff, who reports on the dismal job numbers released today, numbers he warns carry significant danger signs for the economy. He says we are missing 8.5 million jobs and this is no time to slash public spending unless the government intends to provoke instability.

Next, we talk to Professor Kieran Allen in Dublin about Ireland as a case study in what happens when deficit hawks and austerity measures rule the day. Allen, author of the recent book "Ireland's Economic Crash," recounts how its miracle economy was turned into a disaster zone, as bank bailouts combined with wage cuts and reductions in public services resulted in a downward spiral of gloom and doom.

Then, Rick Wolff joins us for more on how not to recover. We'll ask him about the class nature of deficit reduction, also known as austerity, and how governments from Europe to America are drinking the austerity Kool-Aid, despite the object lesson from Ireland.

Finally, we turn from the economic doldrums, and end on a couple of victories. Jackie Goldberg joins us to talk about the significance of Wednesday's decision by Judge Vaughn Walker that overturned Proposition 8, as well as the assault on the 14th Amendment and equal protections under the law. And Horace Small from the Union of Minority Neighborhoods joins us to report on the victory in Massachusetts, as reform of the notorious CORI act was signed into law.

Read More for info on tonight's guests:

1. Max Fraad Wolff is an economist and free lance researcher/writer. His work regularly appears in the Asia Times, The Prudent Bear and many other international outlets. His work can also been seen regularly on his site www.GlobalMacroScope.com. Based in NYC, Max does contract research on international financial risks and opportunities while teaching in the New School University's Graduate Program in International Affairs.

2. Dr. Kieran Allen is a senior lecturer at the School of Sociology in University College Dublin. He has published widely and his books include Ireland’s Economic Crash: A Radical Agenda for Change (2009); The Corporate Takeover of Ireland (2007); Max Weber: A Critical Introduction (2004); and The Celtic Tiger: The Myth of Special Partnership (2000). He is the editor of the Socialist Worker (Ireland) and on the Steering Committee of the Irish Anti-War Movement.

3. Richard D. Wolff is professor or economics at the University of Massachusetts Amherst. His latest book is New Departures in Marxist Theory (Routledge), co-authored with Stephen Resnick, with whom he has collaborated for decades, producing seven books and dozens of articles. He teaches at the Brecht Forum and serves on the Editorial board of Rethinking Marxism.

4. Jackie Goldberg is an American politician and teacher, and a member of the Democratic Party. She is a former member of the California State Assembly and the Los Angeles City Council. Goldberg graduated from UC Berkeley where she was a member of SLATE and a major player in the Free Speech Movement. She also holds a Master's degree in Education from the University of Chicago. She served on, and was later president of, the Los Angeles School Board before which she had been a teacher in the Compton Unified School District. Goldberg has been a founding member of the California Legislative LGBT Caucus and the Progressive Caucus in Sacramento.

5. Horace Small, an African American and the Executive Director of the Union of Minority Neighborhoods, has been an organizer for 30 years and was the National President of the National Federation of Black Organizers and Activists for a two-year term and founder of the Philadelphia Community School, which trained hundreds of activists in the skills of organizing and citizens empowerment.