iOS app Android app

Robert Reich

Why Wall Street's Euphoric Birthday Has Almost Nothing to Do with a Buoyant Economy

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

In theory an extraordinary bull market should be making Americans feel far wealthier than they felt two years ago. But in reality, the vast majority of Americans don't feel wealthier because they hold few if any shares of stock.

Why the Democrats Should Never Have Started Paying Ransom to Avoid a Shutdown

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The problem with paying political ransom is that when you pay it once, you're almost begging to pay it again. And that's exactly the pickle the Obama administration and Democrats are finding themselves in.

While the Middle East Is Fighting For Democracy, Ours Is Slipping Away

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

MONEY has always been the most corrupting influence in our politics, a fact that is now on full display in Republican-controlled state houses across the midwest that are voting against public employees' right to collective bargaining.

The Real News on Jobs

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

On our current trajectory, the unemployment rate will continue to decline. But so will the pay and benefits of most Americans. The real story isn't about jobs, it's about the ever decreasing standard of living for the middle class.

How Democrats Can Become Relevant Again (And Rescue the Nation While They're At It)

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Democrats have become irrelevant. If they want to be relevant again they have to connect the dots. The American middle class is shrinking because nobody is fighting for it in Washington.

The Republican Shakedown

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The truth that Obama must tell the American people is that government spending has absolutely nothing to do with high unemployment, declining wages, falling home prices, and all the other travesties that continue to haunt most Americans.

Class Warfare Indeed

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Before I even begin here, I'd like to address what my critics will respond with, when they hear what I have to say. They're going to call these ideas...

The Coming Shutdowns and Showdowns: What's Really at Stake

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

America is the richest nation in the world, and we've never been richer. There's no reason for us to turn on our teachers, our unionized workers, our poor and needy, and our elderly. The notion that we can no longer afford it is claptrap.

The Republican Strategy

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The Republican strategy is to pit average working Americans against one another, distracting attention from the almost unprecedented concentration of wealth and power at the top.

Budget Baloney: Why Social Security Isn't a Problem for 26 Years, and the Best Way to Fix It Permanently

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Deficit hawks are proclaiming Social Security one of the big entitlements that has to be cut in order to reduce the budget deficit. But this is all baloney.

Why We Should Raise Taxes on the Super-Rich and Lower Them on the Middle Class

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

It will soon become evident to most Americans that the only way to reduce the budget deficit, preserve programs deemed essential by the middle class, and not raise taxes on the middle, is to tax the top.

The Obama Budget: And Why the Coming Debate Over Spending Cuts Has Nothing to Do With Reviving the Economy

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The best way to revive the economy is not to cut the federal deficit right now. It's to put more money into the pockets of average working families.

Why the Republican Attack on "Job-Killing Regulations" Is Dumb

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

The reason we have continued sky-high unemployment has nothing to do with excessive regulation. There was no sudden outpouring of federal regulation in 2007 before the economy tanked and millions lost their jobs.

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.