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Entries by Robert Reich from 08/2010

Why We Really Shouldn't Keep the Bush Tax Cut for the Wealthy

| Posted 08.02.2010 | Politics

What we really should be debating is whether to raise the highest marginal tax rate higher than it was under Bill Clinton and use the proceeds to give the middle class a permanent tax cut.

The Origins of the Enthusiasm Gap

| Posted 08.03.2010 | Politics

Between the choice of achieving what's possible within the limits of politics as given, or changing the political conditions to extend the limits of possibility and thereby achieve his intended goals, Barack Obama has chosen the former.

Greenspan, Rubin, and Herbert Hoover

| Posted 08.08.2010 | Business

On Sunday, Robert Rubin, appearing on CNN, said any further effort to stimulate the economy would be "counter productive," and that policy makers instead should craft a deficit-reduction plan. Greenspan is only partly wrong. Rubin is entirely wrong.

The Jobs Emergency

| Posted 08.09.2010 | Politics

We have yet to see a response to unemployment that is proportional to the crisis. Obama, Pelosi, and Reid should summon Congress back to Washington for action on the jobs emergency.

Notes From a Class Worrier

| Posted 08.09.2010 | Politics

Starting in the 1980s -- and increasingly since then -- the American economy has made the rich far richer without doing squat for the vast middle. What happened?

America's Biggest Jobs Program -- the U.S. Military

| Posted 08.11.2010 | Politics

Wouldn't it be better to have a jobs program that created things we really need -- like light-rail trains, better school facilities, public parks, and non-carbon energy sources -- than things we don't, like obsolete weapons systems?

Forget a Double-Dip, We're Still in One Long Big Dipper

| Posted 08.14.2010 | Business

It's nonsense to think of the economy heading downward again into a double-dip recession when most Americans never emerged from the first dip. We're still in one long Big Dipper.

The Truth About China As #2

| Posted 08.16.2010 | Business

All over the world, we're witnessing a growing gap between production and consumption, while the environment continues to degrade. The Chinese machine is fast heading for a breakdown only because it's growing fastest.

Why Growth Is Good

| Posted 08.17.2010 | Politics

If governments keep hacking away at their budgets while consumers almost everywhere are becoming more cautious about spending, global demand will shrink to the point where a worldwide dip is inevitable.

Mitt Romney's Wet-Noodle Economics

| Posted 08.18.2010 | Business

Mitt Romney is the most credible of all the likely Republican presidential candidates. He's right to focus on the economy, and he's to be commended for coming up with specifics. But his specifics are loony.

Why the Unfolding Disaster in Pakistan Should Concern You

| Posted 08.19.2010 | World

The U.S. has pledged $150 million to Pakistan's flood victims while we've spent over $100 billion this year on military maneuvers to defeat the Taliban in Pakistan and neighboring Afghanistan. This is bizarre and shameful.

Corporate Rotten Eggs

| Posted 08.22.2010 | Business

Corporations that play fast and loose with one set of laws are likely to cut corners on others. Scarce inspection resources should be targeted at them rather than at the good eggs.

Tax Jujitsu: Why Democrats Should Propose a "People's Tax Cut"

| Posted 08.24.2010 | Politics

Instead of always playing defense, Democrats should go on the attack in the tax fight by accusing the Republicans of being shills for the rich. Then they should cut taxes for all lower-income Americans.

Why Cheaper Money Won't Mean More Jobs

| Posted 08.29.2010 | Business

If Ben Bernanke and company make it even cheaper to borrow, they'll be unleashing a third corporate strategy for creating more profits but fewer jobs -- mergers and acquisitions.

Why a Civil Society Extends Unemployment Benefits

| Posted 08.31.2010 | Business

A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation's credit that many are receiving unemployment benefits.