iOS app Android app

Entries by Robert Reich from 08/2011

Ransom Paid

| Posted 08.01.2011 | Politics

Anyone who characterizes the deal between the president, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.

The Hostage Crisis Continues: Why Obama Can't Pivot to Jobs and Growth

| Posted 08.02.2011 | Politics

What precisely will Obama fight for now that the debt deal has tied his hands? He says he wants to extend tax cuts for middle class families and make sure the jobless get unemployment benefits. Fine, but the new deal won't let him.

The Republicans' Double-Dip, and What Must Be Done

| Posted 08.05.2011 | Business

Now that we're slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.

Why S&P Has No Business Downgrading the U.S.

| Posted 08.07.2011 | Business

If Standard & Poor's had done its job over the last decade, today's budget deficit would be far smaller and the nation's future debt wouldn't look so menacing.

Slouching Toward a Double-Dip, for No Good Reason

| Posted 08.08.2011 | Business

The American economy is on the verge of another recession, with all the human costs that implies. We don't have to be. That is the tragedy of our time.

Why the President Doesn't Present a Bold Plan to Create Jobs and Jumpstart the Economy

| Posted 08.10.2011 | Politics

President Obama is being badly advised. The magnitude of the current jobs and growth crisis demands a boldness and urgency that's utterly lacking.

Why the New Healthcare Law Should Have Been Based on Medicare (And What Democrats Should Have Learned By Now)

| Posted 08.15.2011 | Politics

What should Obama and the Democrats do if the individual mandate in the new health care law gets struck down by the Supreme Court? Immediately propose what they should have proposed right from the start -- universal health care based on Medicare for all.

How Austerity Is Ushering in a Global Recession

| Posted 08.17.2011 | Business

Not only is the U.S. slouching toward a double-dip, but so is Europe. New data out Tuesday show even Europe's strongest core economies slowing to a crawl. We're on the cusp of a global recession. Policymakers be warned: Austerity is the wrong medicine.

The President's Bold Jobs Bill (Maybe)

| Posted 08.17.2011 | Politics

What would a bold jobs bill from the president look like? Here are the ten components I'd recommend.

Stock Tip: Be Worried. Workers Are Consumers.

| Posted 08.19.2011 | Business

Every CEO of every company that continues to squeeze payrolls needs to understand they're shooting themselves in the feet. Where do they expect demand for their products and services to come from?

This Labor Day We Need Protest Marches Rather Than Parades

| Posted 08.25.2011 | Politics

Let's bag the picnics and parades this Labor Day. American workers should march in protest. They're getting the worst deal they've had since before Labor Day was invented -- and the economy is suffering as a result.

Rick Perry's Secret Plan to Save Blue States from the Red States

| Posted 08.31.2011 | Politics

Rick Perry's fight to save America from Washington would really save blue states from subsidizing red states. Perry, it turns out, is a closet liberal.