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Entries by Robert Reich from 12/2010

The Big Economic Story, and Why Obama Isn't Telling It

| Posted 12.01.2010 | Business

Unless the President and Democrats explain why the economy still stinks for most Americans and offer a plan to fix it, the Republican explanation and solution -- it's big government's fault, and all we need do is shrink it -- will prevail.

The American Jobs Emergency Requires Action

| Posted 12.03.2010 | Politics

The vast American middle and working class can't and won't buy enough to get people back to work. They're still under a huge debt load. The only viable source for domestic demand is government. But it's not doing its part.

Why the Obama Tax Deal Confirms the Republican Worldview

| Posted 12.08.2010 | Politics

Obama's new tax compromise is not only bad economics; it's also disastrous from the standpoint of educating the public about what has happened to this country over the past three decades and what needs to happen in the future.

America's Future in the Global Economy: This Week's Words and Deeds

| Posted 12.11.2010 | Politics

By extending tax cuts to the wealthy, shrinking the estate tax, and freezing discretionary spending, Obama is leaving almost nothing for education and infrastructure -- precisely what we need to get back on top internationally.

Why Bill Clinton's Favorable View of Obama's Tax Deal Should Be Disregarded

| Posted 12.11.2010 | Politics

I admire Barack Obama and Bill Clinton. I advised the former and worked for the latter. They are good men. But they have either been outwitted by the privileged and powerful of America, or seduced by those on Wall Street.

Why America's Two Economies Continue to Drift Apart, and What Washington Isn't Doing About It

| Posted 12.14.2010 | Business

Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year. But nothing is trickling down. Job growth is still anemic and the median wage is barely rising, adjusted for inflation.

The New Tax Deal: Reaganomics Redux

| Posted 12.16.2010 | Politics

Will lower taxes on the rich spur them to create more jobs? Not a chance. Since 1980, Reagan's supply-siders have said lower taxes on the rich will trickle down to everyone else. Nothing could be further from the truth.

The Year Washington Became "Business Friendly"

| Posted 12.21.2010 | Business

History will record 2010 as the year Washington became "business friendly." But there's one problem. America's big businesses are less and less American. They're going abroad for sales and employees.

Why Obama Wins on Foreign Policy and Gays But Loses on Economics and Taxes

| Posted 12.22.2010 | Politics

The New Start treaty is a big and important victory for the Obama administration, as is the end of the ban on openly gay soldiers in the military. But neither signals a new start to cleaning up Washington and turning this economy around.

New Year's Prediction

| Posted 12.30.2010 | Business

What will happen to the US economy in 2011? If you're referring to profits of big corporations and Wall Street, next year is likely to be a good one. But if you're referring to average American workers, far from good.