iOS app Android app

Robert Reich

The Emerging Anti-Trade Coalition, and Its Dangers

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Isolationism and nationalism are the handmaidens of an economically anxious and frustrated middle class. That was the lesson we learned 80 years ago, but forgot.

Wall Street's Global Race to the Bottom

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The latest Wall Street argument is that if regulations are too tight, the big banks will be less competitive internationally. Translated: They'll move more of their business to London and Frankfurt, where regulations will be looser.

A Rising "Social Psychosis" In Public And Private Life

Douglas LaBier | Posted 11.17.2011 | Healthy Living
Douglas LaBier

The pursuit of greed, self-centeredness and materialism have become the holy trinity of public and private conduct in America. And it's generating a growing "social psychosis."

Robert Reich Discusses 'Aftershock': We Must 'Put Ideology Aside' To Fix The Economy

The Huffington Post | Posted 05.25.2011 | Books

In this video, Robert Reich discusses the ideas from his latest book, 'Aftershock: The Next Economy and America's Future.' According to Reich, the re...

Republican Economics as Social Darwinism

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Today's issues aren't just economic. We're back to tough love. Republicans want to force people to live with the consequences of whatever happens to them. In the late 19th century that was called Social Darwinism.

The Super Rich Get Richer, Everyone Else Gets Poorer, and the Democrats Punt

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Democrats have given up a defining issue that could have enabled them to show the big story of the last three decades -- the accumulation of almost all the gain from economic growth at the top -- and to make a start at reversing it.

GM Has No Business Using Our Money on Campaign Contributions

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

We taxpayers are paying some people (GM executives) to tell us how we should vote for another group of people (House and Senate candidates) who will decide how our taxes will be used in the future. What's wrong with this picture?

After Summers, Which Path Will the President Take?

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Now that Larry Summers is leaving, the president has a decision to make that will send a signal about the next two years of economic policy. That signal can restore consumer confidence and reinvigorate the electorate, or it can lead to even more discouragement and despair. This week unnamed administration officials floated the idea of naming a corporate executive to the position. That's a trial balloon that should be punctured immediately.

The State of the American Middle Class Means No Amount of Stimulus Will Be Enough

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The economy can't run on its own because consumers have reached the end of their ropes. After three decades of flat wages and growth going to the very top, the middle class no longer has the buying power to keep the economy going.

Why There's an Enthusiasm Gap

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

On Monday at a "town hall" sponsored by CNBC in Washington, the president took questions about the economy. His answers were good as far as they went -- but, unfortunately, they didn't go far enough.

Why Getting Tough With China Won't Solve Our Jobs Problem

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The central challenge we face isn't to re-balance trade with China. It's to re-balance the American economy so its benefits are more widely shared.

Austerity Chic: It's This Year's "Weapons of Mass Destruction"

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

In Washington, screaming about being in the red is the new black. We've seen this herd mentality before, in the run-up to the invasion of Iraq. Once again, the experts tell us that the warning lights are flashing red. The fashionistas aren't listening.

My Mind Has A Mind Of Its Own

Michael Sigman | Posted 11.17.2011 | Healthy Living
Michael Sigman

We hear President Obama recently went on a two-week meditation retreat that wasn't made public. A source close to the President's mind confided some o...

Robert Reich Predicts A 'Revolt Against Wealthy'

Bloomberg | James Pressley | Posted 05.25.2011 | Books

The bargain broke down when middle-class America buckled under global competition and labor-replacing technology. Reich blames what happened next on t...

Reagan and Clinton Raised Taxes in Recessions -- And Created 40 Million Jobs

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

It is positively flabbergasting to observe otherwise intelligent and knowledgeable economists swallow the political pablum that raising taxes in a recession inevitably chokes a recovery.

The Tortoise Economy

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Economically, the underlying problem is structural, not cyclical. There will be no return to normal because normal got us into the hole in the first place, and the normal set of prescriptions can't possibly get us out of it.

Why Obama Is Proposing Whopping Corporate Tax Cuts -- and Why He's Wrong

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Obama's whopping proposed corporate tax cuts help legitimize the supply-side dogma that the economy's biggest obstacle to growth is the cost of capital, rather than the plight of ordinary working people.

The Real Lesson of Labor Day

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The rich are better off with a smaller percentage of a fast-growing economy than a larger share of an economy that's barely moving. We learned that lesson decades ago; until we remember it again, we'll be stuck in the Great Recession.

Obama's Double-Dip Disappointment Is Bad for Business

Lee Stranahan | Posted 05.25.2011 | Business
Lee Stranahan

As a small-business owner, I don't need to wait for the government reports of leading indicators and indices to know that there's been a tightening in...

Neo-Progressives

Lawrence Lessig | Posted 05.25.2011 | Politics
Lawrence Lessig

It seems that just about every hundred years or so, the body politic we call America swells with fever as it fights off a democracy-destroying disease. That disease is "Special Interest Government".

The Stock Market Rally Versus the World's Economic Fundamentals

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Pay no attention to the stock market. The real economy is jobs and paychecks, what people buy and what they sell. And the real economy -- even viewed from a worldwide perspective -- is as precarious as ever, perhaps more so.

Why a Civil Society Extends Unemployment Benefits

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation's credit that many are receiving unemployment benefits.

Why Cheaper Money Won't Mean More Jobs

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

If Ben Bernanke and company make it even cheaper to borrow, they'll be unleashing a third corporate strategy for creating more profits but fewer jobs -- mergers and acquisitions.

Friday Talking Points [136] -- Girding For Battle

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The battle looms. It is, in fact, right over a hill right in front of us. So, are Democrats girding their loins for the fight, and roaring their def...

A Misguided Deficit Commission

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

The Obama Administration's Deficit Commission is at best errant in its mission and at worst a bait-and-switch ploy being run on the American people.