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Robert Reich

The Jobs Report, and America's Two Economies

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

At a time when corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you'd expect jobs be coming back. But you'd be wrong.

How Business Interests Hijacked US-China Relations

Tina Gerhardt | Posted 05.25.2011 | Green
Tina Gerhardt

Instead of taking the opportunity to up the ante of a US commitment to renewable energy by setting strong policy signals, Obama has largely left energy discussion to CEOs.

Left and Right Playing a Double Game on Trade

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Democrats want to hear that America's trade problems are caused by exploitative capitalism. But the problem is that corporate pursuit of profit has been decoupled from the success of the economy as a whole.

Koch Brothers To Host Gathering Of Right-Wing Billionaires At Palm Springs Resort

Posted 05.25.2011 | Los Angeles

Billionaire brothers David and Charles Koch are hosting their bi-annual secret gathering of right-wing billionaires at the Rancho Mirage Resort in Pal...

The President Ignored the Elephant in the Room

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The president's failure to address the decoupling of American corporate profits from American jobs makes reviving the nation's "competitiveness" seem somewhat beside the point but also cedes to Republicans the dominant narrative.

Next Sunday: Protest at Right-Wing Billionaires' Secret Summit near Palm Springs

Peter Dreier | Posted 05.25.2011 | Politics
Peter Dreier

A broad coalition of consumer, community, labor, environmental, student, civil liberties, and faith-based groups are sponsoring a rally in Rancho Mira...

The State of the Union and the Federal Budget: Investing in America's Future

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

In the global economy, the only "asset" that's unique to any nation -- and that determines its living standard -- is the people who comprise it. Hopefully the president will touch on this Tuesday night.

American Competitiveness, and the President's New Relationship with American Business

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

It's politically important for President Obama to avoid the moniker of being "anti-business." But the president must not be seduced into believing that the well-being of American business is synonymous with the well-being of Americans.

The Real Economic Lesson China Could Teach Us

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

China is eating our lunch. Why? It has a national economic strategy designed to create more and better jobs. We have global corporations designed to make money for shareholders, regardless of where they reside.

The First Test for Our Newly "Civil" Congress: The Repeal of Health Care Reform

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

Congress has just gone through 10 days of reflection and grief over the tragedy in Tucson. Will we see civil discourse take place this week in Congress?

The Shameful Attack on Public Employees

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The GOP version of class warfare is to pit private-sector middle and low income workers against public servants. They'd rather set average working people against one another than have Americans see who's really raking it all in.

The Big Lie

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Republicans are telling Americans a big lie, and Obama and the Democrats are letting them. The Big Lie is that our economic problems are due to a government that's too large, and therefore the solution is to shrink it.

New Year's Prediction

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

What will happen to the US economy in 2011? If you're referring to profits of big corporations and Wall Street, next year is likely to be a good one. But if you're referring to average American workers, far from good.

The Year Washington Became "Business Friendly"

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

History will record 2010 as the year Washington became "business friendly." But there's one problem. America's big businesses are less and less American. They're going abroad for sales and employees.

The New Tax Deal: Reaganomics Redux

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Will lower taxes on the rich spur them to create more jobs? Not a chance. Since 1980, Reagan's supply-siders have said lower taxes on the rich will trickle down to everyone else. Nothing could be further from the truth.

Why America's Two Economies Continue to Drift Apart, and What Washington Isn't Doing About It

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year. But nothing is trickling down. Job growth is still anemic and the median wage is barely rising, adjusted for inflation.

Why Bill Clinton's Favorable View of Obama's Tax Deal Should Be Disregarded

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

I admire Barack Obama and Bill Clinton. I advised the former and worked for the latter. They are good men. But they have either been outwitted by the privileged and powerful of America, or seduced by those on Wall Street.

America's Future in the Global Economy: This Week's Words and Deeds

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

By extending tax cuts to the wealthy, shrinking the estate tax, and freezing discretionary spending, Obama is leaving almost nothing for education and infrastructure -- precisely what we need to get back on top internationally.

Class Warfare and Korea "Free Trade": An Open Letter to UAW, My Union

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

So-called "free trade" is part of the relentless class warfare under way in America. And the so-called "free trade" deal with South Korea is no except...

Why the Obama Tax Deal Confirms the Republican Worldview

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Obama's new tax compromise is not only bad economics; it's also disastrous from the standpoint of educating the public about what has happened to this country over the past three decades and what needs to happen in the future.

The American Jobs Emergency Requires Action

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The vast American middle and working class can't and won't buy enough to get people back to work. They're still under a huge debt load. The only viable source for domestic demand is government. But it's not doing its part.

The Big Economic Story, and Why Obama Isn't Telling It

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Unless the President and Democrats explain why the economy still stinks for most Americans and offer a plan to fix it, the Republican explanation and solution -- it's big government's fault, and all we need do is shrink it -- will prevail.

National Fiscal Hypocrisy Week

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

This week will likely see a number of measures to stimulate the economy and help struggling families shot down in the name of fiscal responsibility, while measures that help the rich and add to the debt will pass.

Sarah Palin's Presidential Strategy, and the Economy She Depends On

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The Palin Strategy is to circumvent the Republican establishment. That's why her path to the Republican nomination isn't the usual insider game. It's a celebrity game -- a snark-fest with the nation's entire white working class.

How Rich Is Rich?

Mark Engler | Posted 05.25.2011 | Politics
Mark Engler

On the far side of the Atlantic, a future Queen of England has been selected. The office of the Prince of Wales announced on November 16 that Prince W...