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Entries by Robert Reich from 07/2012

Mitt Romney and the New Gilded Age

| Posted 07.02.2012 | Business

The election of 2012 raises two perplexing questions. The first is how the GOP could put up someone for president who epitomizes the excesses of casino capitalism that have nearly destroyed the economy. The second is why the Democrats have failed to point this out.

Patriotism July 4, 2012

| Posted 07.04.2012 | Politics

Some Americans loathe the government and are doing everything they can to make the public so cynical about it that it's no longer capable of doing much of anything. But true patriotism means paying for America and coming together for the common good.

How Not to Get Big Pharma to Change Its Ways

| Posted 07.06.2012 | Business

The only way to get big companies like GSK to change their behavior is to make the individuals responsible feel the heat.

The Jobs Doldrums and Obama's Future

| Posted 07.06.2012 | Politics

Obama now has to show he understands the depth and breadth of this crisis, and is prepared to do large and bold things to turn the economy around if and when he does have the votes in Congress. So far, his proposals are policy miniatures relative to the size of the problem.

The Wall Street Scandal of All Scandals

| Posted 07.07.2012 | Business

Just when you thought Wall Street had hit bottom, an even deeper level of public-be-damned greed and corruption is revealed. Sit down and hold on to your chair.

The Truth About Obama's Tax Proposal (and the Lies the Regressives Are Telling About It)

| Posted 07.10.2012 | Politics

Everyone is treated exactly the same. Everyone gets a one-year extension of the Bush tax cut on the first $250,000 of income. No "class warfare." Yet regressive Republicans want Americans to believe differently.

The Real Battle in 2012 and Beyond (Video)

| Posted 07.11.2012 | Politics

2012-07-11-Screenshot20120711at3.09.40PM.jpgIt's not merely Republicans versus Democrats, or conservatives versus liberals. The larger battle is between regressives and progressives.

The Selling of American Democracy: The Perfect Storm

| Posted 07.13.2012 | Politics

Who's buying our democracy? Wall Street financiers, the Koch brothers, and casino magnates Sheldon Adelson and Steve Wynn. And they're doing much of it in secret. It's a perfect storm.

The Problem Isn't Outsourcing. It's That Big Business Is Disconnected From The Well-Being Of Most Americans

| Posted 07.19.2012 | Business

Forget the debate over outsourcing. The real question is how to make Americans so competitive that all global companies -- whether or not headquartered in the United States -- will create good jobs in America.

The Man Who Invented 'Too Big to Fail' Banks Finally Recants. Will Obama or Romney Follow?

| Posted 07.25.2012 | Business

Sandy Weill has finally seen the light. It's a bit late in the day, but, hey, he's already cashed in. You and I and millions of others in the United States and elsewhere around the world are still paying the price.

The Terrible Economy and the Anti-Election of 2012

| Posted 07.29.2012 | Politics

Romney has decided to campaign as the anti-Obama. The two anti-the-other-guy strategies fit with a ton of negative advertising that's just begun but will reach mammoth proportions after Labor Day. Much of it will be financed by super PACs and by political fronts already taking in hundreds of millions of dollars in secret donations. Romney's camp hopes to out-negative Obama by almost two to one. So whatever happens on Election Day, the next president will have to contend with two handicaps. The public won't have endorsed any new ideas or bold plans, which means he won't have a clear mandate to do anything on the economy. The only thing the public will have decided is it fears and distrusts the other guy more. Which means the winner will also be burdened by almost half the electorate thinking he's a scoundrel or worse.