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Entries by Robert Reich from 06/2012

The Jobs Stall

| Posted 06.01.2012 | Politics

Republicans will have a field day with today's jobs report, taking it as a sign that Obama's economic policies have failed and we need instead their brand of fiscal austerity combined with more tax cuts for the wealthy. But that's precisely the reverse of what's needed.

The Big-Lie Coup d'Etat

| Posted 06.05.2012 | Politics

How can it be that big corporations and billionaires will be spending unlimited amounts on big lies like this one, without any accountability because no one will know where the money is coming from?

Why We Have to Raise Taxes on the Rich and End the Bush Tax Cuts for the Wealthy (and Bill Clinton Agrees)

| Posted 06.06.2012 | Politics

2012-06-06-RBReich.jpg In reality, Romney and the GOP are pushing an agenda that has nothing whatever to do with reducing the budget deficit. If they were serious about deficit reduction they wouldn't demand tax cuts for the very wealthy.

Why the Public's Growing Disdain for the Supreme Court May Help Obamacare

| Posted 06.08.2012 | Politics

Does Chief Justice John Roberts understand the tenuous position of the Court he now runs? If he does, he'll do whatever he can to avoid another 5-4 split on the upcoming decision over the constitutionality of the Obama healthcare law.

Why The Economy Can't Get Out of First Gear

| Posted 06.12.2012 | Business

We won't get the economy out of first gear until the middle class regains the bargaining power it had in the first three decades after World War II to claim a much larger share of the gains from productivity growth. Get it?

A Back Door to the Public Option

| Posted 06.14.2012 | Politics

In striking down the least popular part of Obamacare -- the individual mandate -- the Court will inevitably bring into question one of its most popular parts -- coverage of preexisting conditions. And in so doing, open alternative ways to maintain that coverage.

Ponderings on the New Politics of Extremism

| Posted 06.17.2012 | Politics

I don't get it, but the alliance between the energies of the new right and the money of big corporations and Wall Street is formidable, and in this early summer of our discontent Washington can already sense the barbarians at the gates.

Why Republicans Worry About Hurting Corporate Feelings

| Posted 06.19.2012 | Politics

The Republican goal of getting rid of Obama is inextricably linked to the Republican Court's decision equating corporations with people under the First Amendment, and to the Republican's current determination to keep Americans in the dark about which corporations contribute what.

Dimon in the Rough: How Wall Street Aims to Keep U.S. Regulators Out of Its Global Betting Parlor

| Posted 06.20.2012 | Business

Wall Street can't have it both ways -- too big to fail, and also able to make wild bets anywhere around the world. If Wall Street banks demand a free rein overseas, the least we should demand is they be broken up here.

Excluding Outsiders or Coming Together for the Common Good: What's the True Meaning of Patriotism?

| Posted 06.26.2012 | Politics

When regressives talk about "preserving and protecting" the nation, be warned: They mean securing our borders, not securing our society. Within those borders, each of us is on our own. They don't want a government that actively works for all our citizens.

Why the Supreme Court Will Uphold the Constitutionality of Obamacare

| Posted 06.27.2012 | Politics

Predictions are always hazardous when it comes to the economy, the weather, and the Supreme Court. I won't get near the first two right now, but I'll hazard a guess on what the Court is likely to decide tomorrow: It will uphold the constitutionality of Obamacare by a vote of 6 to 3.

Roberts' Switch

| Posted 06.29.2012 | Politics

The Court has only the trust and confidence of average citizens. If it is viewed as politically partisan, that trust is in jeopardy. As Chief Justice, Roberts has a particular responsibility to maintain and enhance that trust. Nothing else explains John Roberts' switch.