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Entries by Robert Reich from 06/2011

How to Get Washington's Attention

| Posted 06.02.2011 | Business

The leaders of Wall Street and big business may now have to wake up to a reality they've tried to avoid telling our leaders in Washington -- that the central economic problem of our time isn't the long-term budget deficit but the immediate deficit in aggregate demand.

Back Toward Double-Dip

| Posted 06.03.2011 | Business

The May jobs report is a disaster -- the weakest reading since September. The recovery has stalled. And while we're not in a double-dip recession yet, the odds of it are increasing.

Why Washington Isn't Doing Squat About Jobs and Wages

| Posted 06.05.2011 | Politics

The unemployed are politically invisible. They don't make major campaign donations. They don't lobby Congress. There's no National Association of Unemployed People. This is why neither party seems to care that we're heading back towards a double-dip recession.

Jamie Dimon's Bizarre Idea About Why the Recovery Has Stalled

| Posted 06.07.2011 | Business

According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I'm not making this up.

Why the President Must Come Up With Demand-Side Solutions, And Not Go Over to the Supply Side

| Posted 06.09.2011 | Business

President Obama's putative embrace of the false notion that businesses need more financial incentives in order to hire risks giving legitimacy to the same supply-side economic approach that has failed for the past thirty years.

The Stalled Recovery, Smoke and Mirrors and the Carnage on the Street

| Posted 06.11.2011 | Business

The real economy is catching up with the financial economy, as it always does. Wall Street is built on smoke and mirrors, while the real economy is based on jobs and wages.

The Swamp of Washington and the Morass of the Economy

| Posted 06.12.2011 | Politics

If the Democrats remain silent on the urgency of job creation, the vacuum will be filled by the Republican snake oil of federal spending cuts and cut taxes on big corporations and the wealthy.

Of Snake Oil, Puff Balls, and the Need for a Real Jobs Plan From the President

| Posted 06.14.2011 | Business

If the choice for salvaging the American economy is between Republican snake oil and the puff ball proposals of the president's CEO-laden jobs council, America will be in deeper and deeper trouble. And so will the president.

Why the Republican War on Workers' Rights Undermines the American Economy

| Posted 06.15.2011 | Business

The ongoing war on workers' rights is an assault on the middle class, and it is undermining the American economy. The American economy can't get out of neutral until American workers have more money in their pockets to buy what they produce.

The Growing Desperation of the Don't-Raise-Taxes-on-the-Rich-Crowd

| Posted 06.16.2011 | Politics

Today 34 Senate Republicans voted to end the special tax breaks for ethanol. If I were a cynic, I'd say the Republican right is showing signs of desperation.