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Robert Reich

Mitch McConnell Gets it Wrong

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

When Mitch McConnell has to misquote me to find evidence he's telling the truth, he is desperate. No, Senator, I never said Dodd's finance reform bill contains a bailout fund.

Joe Barton and the Big Big Debate

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The real challenge of our time has nothing to do with whether one trusts Big Business and Wall Street more or less than Big Government. The challenge is to keep the two apart.

The Obama Plot for a Carbon Tax

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Call me old fashioned but I still think democracy is better than corporatist negotiation. Obama and his advisors do a disservice to the American people when they make important deals in secret.

Obama's Missed Opportunity to Tell it Like it Is

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The man who electrified the nation with his speech at the Democratic National Convention of 2004 put it to sleep Tuesday night. President Obama's address to the nation from the Oval Office was, to be frank, vapid.

BP Strawmen Won't Fix the Gulf

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Unless or until BP's shareholders are forced by law to part with their assets to ensure the safety of the American public, shareholder interests will come first in the Gulf. Not the wildlife. Not the citizens.

Why the United States Still Can't Get BP to Do What's Necessary

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

BP has legal duties to its creditors and stockholders. Its duties to the United States are still vague and unknown. The Oil Pollution Act of 1990 can be interpreted in various ways. So far, the administration hasn't tried.

The Republican Strategy on Financial Reform: Make Democrats Look Like Patsies for Wall Street

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Republicans figure the public's attention span is so short they won't remember that it was the GOP who bailed out Wall Street. And they hope financial reform is too complex for voters to understand.

Why We Are Moving Toward a Recessionary Era, and Why Keynes is Being Exhumed

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

John Maynard Keynes is being exhumed because his Depression-era worry about inadequate demand is once again the nation's central economic problem.

The Future of American Jobs

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

More Americans will be working, but for less pay. The approaching recovery will be tepid because so many people will lack the money needed to buy all the goods and services the economy produces.

Why More Immigrants Are an Answer to the Coming Boomer Entitlement Mess

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

One logical way to deal with the crisis of funding Social Security and Medicare is to have more workers per retiree, and the simplest way to do that is to allow more immigrants into the United States.

Don't Listen to the Cheerleaders, the Main Street Economy Isn't Improving

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The common wisdom is that excessive debt-financed spending was one of the causes of the recent recession, so the news that household debt is dropping is being celebrated as reason to believe we're on the mend. Baloney.

Why Economic Advisors Are Paid to Be Economic Advisors

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The Fed projects a GDP barely above that needed to keep pace with the growth in the labor force. But all the boosters keeping the economy barely going now are coming to an end. So what do you do?

The F Word: Learning from Roosevelt(s)

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

The President has a Rooseveltian opportunity, columnist Frank Rich wrote this weekend. Teddy Roosevelt was on his mind: stand off against the Titans o...

When Everything Seems Out of Control, the President Must Take Charge

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The president says the BP will pay for its mistake. He should act now to make sure. He should also order BP to set aside at least $5 billion for the cleanup, and create a new Civilian Conservation Corps to do it.

A Big Puzzle: Obama's Failure to Invoke/Follow Harry Hopkins' WPA and the CCC. Why?

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

The Gulf Crisis provides a tragic opportunity to enlist America's might to repair, to cleanse, to detoxify, to restore marine life and coastal human, plant and animal life to a vibrant ecosystem.

Break Up the Banks

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The only way to make sure no bank it 'too big to fail' is to make sure no bank is too big. If our current leaders fail to do this, you have every reason to believe it's because Wall Street has paid them not to.

Why We're Falling Into a Double-Dip Recession

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The job numbers show that, in the short term, we need more stimulus -- especially extended unemployment benefits and aid to state and local governments. But the deficit crazies in the Senate last week shot that down.

Greenspan, Summers, and Why the Economy Is So Out of Whack

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

I dislike singling out individuals for blame or praise in a political system as complex as the United States'. But I worry that the nation is not on the right economic road, and that some of our leaders still don't get it.

Robert Reich: The Obama Administration's Approach To Financial Reform Will Do 'Nothing' To Change Wall Street (VIDEO)

Posted 05.25.2011 | Politics

Former Secretary of Labor Robert Reich blasted the Obama administration's approach to financial reform on Sunday. After Obama's top economic adviser, ...

Friday's Job Numbers, and What They Won't Tell Us About America's Growing Anxious Class

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

When the economy is still so hard on so many, it's important to distinguish between entrepreneurial zeal and self-employed desperation.

How Soon Until the Free Market Stops the Oil Spill?

Bob Cesca | Posted 05.25.2011 | Politics
Bob Cesca

This is a spoiled, petulant and entitled corporation operating in a largely deregulated free market atmosphere. Are we to believe that it's acting responsibly and with the best interests of the Gulf in mind? Not a chance in hell.

Shahien Nasiripour

Number Of Long-Term Unemployed Continues To Rise, Sets Another All-Time High

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

While the increase in jobs over the past month provides hope that the economy's nascent recovery will continue to blossom, one troubling trend in Frid...

Six Things to Do Now About the BP Gulf Disaster

Sarah van Gelder | Posted 05.25.2011 | Green
Sarah van Gelder

Instead of sitting helplessly on the sidelines, here are things every American can do. BP has failed repeatedly to stop the gushing oil disaster in t...

The Fed in Hot Water

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Much of what Ben Bernanke and Tim Geithner did in 2008 was presumably necessary. But the public has no way of knowing. The public doesn't even know who else the Fed has bailed out, or what entities it will bail out in the future.

Why Obama Should Put BP Under Temporary Receivership

Robert Reich | Posted 05.25.2011 | Green
Robert Reich

The president should temporarily take over BP's Gulf operations. We have a national emergency on our hands. No president would sit by and watch a privately owned nuclear reactor melt down and the gulf spill is the environmental equivalent.