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Entries by Robert Reich from 10/2010

Why It's Foolish to Weaken the Dollar to Create Jobs

| Posted 10.03.2010 | Business

It's no big accomplishment to create jobs by getting poorer. Our goal isn't just more jobs. It's more jobs that pay enough to improve our living standards.

Wall Street's Global Race to the Bottom

| Posted 10.04.2010 | Business

The latest Wall Street argument is that if regulations are too tight, the big banks will be less competitive internationally. Translated: They'll move more of their business to London and Frankfurt, where regulations will be looser.

The Emerging Anti-Trade Coalition, and Its Dangers

| Posted 10.06.2010 | Business

Isolationism and nationalism are the handmaidens of an economically anxious and frustrated middle class. That was the lesson we learned 80 years ago, but forgot.

The Secret Big-Money Takeover of America

| Posted 10.07.2010 | Politics

We are now facing an election that marks an even sharper turn toward plutocratic capitalism than before -- a government by and for the rich and big corporations -- and away from democratic capitalism.

Why Democrats Should Not Join in Economic Scapegoating

| Posted 10.10.2010 | Politics

China bashing doesn't educate the public about what's truly at stake economically and what must be done in the years ahead. Worse: It reinforces the politics of resentment, and further legitimizes other forms of isolationism and xenophobia.

The Fed's New Bubble (Masquerading as a Jobs Program)

| Posted 10.16.2010 | Business

When our elected representatives can't and won't come up with a real jobs program, the Fed feels pressed to come up with a fake one that blows another financial bubble. And we know what happens when financial bubbles get too big.

The Perfect Storm That Threatens American Democracy

| Posted 10.18.2010 | Politics

The perfect storm against our democracy: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical.

After the Midterms: Why Democrats Move to the Center, and Republicans Don't

| Posted 10.25.2010 | Politics

Why are Democratic presidents so much more easily intimidated by the "move to the center" rhetoric after midterm losses than Republican presidents?

Only $4.2 Billion to Buy This Election?

| Posted 10.28.2010 | Politics
Read More: Politics News

Why $4.2 billion and not ten times that amount? Because the high-rolling political investors don't need to spend a dollar more in order to exert overwhelming influence.

Halliburton and the Upcoming Election

| Posted 10.29.2010 | Business

The list of Halliburton's crimes goes on and on. And yet, somehow, it goes on piling up profits. How? Because of its deep connections to Washington. Halliburton isn't on the ballot next Tuesday, but it might as well be.

Why Aren't Business Leaders Standing Up to the Tea Party?

| Posted 10.29.2010 | Politics

Business leaders should be standing up to the tea party. Their silence is not only bad for business; it threatens the stability of our economic and political system.

The Real Center of American Politics: A Reflection on Jon Stewart and Stephen Colbert

| Posted 10.31.2010 | Politics

Most of what we hear from the right and Fox News lately is not respectful disagreement. It's thuggery. It has no legitimate role in a democracy. And most Americans are fed up with it. Sadly, we needed two comedians to remind us.