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Robert Reich
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Robert Reich is the nation's 22nd Secretary of Labor and a professor at the University of California at Berkeley. His homepage is www.robertreich.org.

Blog Entries by Robert Reich

Global Capital and the Nation State

(391) Comments | Posted May 20, 2013 | 10:54 AM

As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom -- eliciting subsidies and tax breaks from countries concerned about their nation's "competitiveness" -- while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries -- and their citizens --...

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Pyromaniacs on the Potomac: The Problem With Obama's Second Term

(305) Comments | Posted May 16, 2013 | 2:01 PM

Six months into a second term and the Obama White House is on the defensive and floundering: Benghazi, the IRS's investigations of right-wing groups, the Justice Department's snooping into journalists' phone records, Obamacare behind schedule, the Administration's push for gun control ending in failure.

Should the blame fall mainly on...

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The Triumph of Progressivism: Graduation 2013 and 1968

(327) Comments | Posted May 14, 2013 | 2:00 PM

Many of you soon-to-be college graduates are determined to make the world a better place. Some of you are choosing careers in public service or joining nonprofits or volunteering in your communities.

But many of you are cynical about politics. You see the system as inherently corrupt. You doubt real...

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Sexual Assaults and Nuclear Missiles: What's the Matter With the Military?

(269) Comments | Posted May 9, 2013 | 8:28 AM

After years of repeated reports of sexual assaults -- and years of promises to prevent them, and then years of studies and commissions to find the best way of doing so -- a Defense Department study released Tuesday estimates that some 26,000 people in the military were sexually...

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The Hollowing Out of Government

(572) Comments | Posted May 5, 2013 | 5:54 PM

The West, Texas chemical and fertilizer plant where at least 15 were killed and more than 200 injured a few weeks ago hadn't been fully inspected by the Occupational Safety and Health Administration since 1985. (A partial inspection in 2011 had resulted in $5,250 in fines.)

OSHA and its state...

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The Flaccid Jobs Report

(404) Comments | Posted May 3, 2013 | 10:24 AM

We remain in the gravitational pull of the Great Recession. The Labor Department reports that 165,000 new jobs were created in April -- below the average gains of 183,000 in the previous three months.

We can't achieve escape velocity. Since mid-2010, the three-month rolling average of job gains hasn't dipped...

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The Fed, Apple and Trickle-Down Economics

(638) Comments | Posted May 1, 2013 | 1:32 PM

The Fed's policy of keeping interest rates near zero is another form of trickle-down economics.

For evidence, look no further than Apple's decision to borrow a whopping $17 billion and turn it over to its investors in the form of dividends and stock buy-backs.

Apple is...

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Public Debt and Economic Growth

(625) Comments | Posted April 29, 2013 | 2:59 PM

In the election of 1952 my father voted for Dwight Eisenhower. When I asked him why he explained that "FDR's debt" was still burdening the economy -- and that I and my children and my grandchildren would be paying it down for as long as we lived.

I was...

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Earth to Washington: Repeal the Sequester

(870) Comments | Posted April 26, 2013 | 3:43 PM

Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this morning (in the Commerce Department's report) it grew only 2.5 percent.

That's better than the 2 percent growth last...

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The Xenophobe Party

(489) Comments | Posted April 23, 2013 | 9:54 AM

The xenophobia has already begun.

Senator Rand Paul (R-Ky.) in a letter to Senate Majority Leader Harry Reid today urged him to reconsider immigration legislation because of the bombings in Boston. "The facts emerging in the Boston Marathon bombing have exposed a weakness in our current system," Paul...

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The Dis-Uniting of America (2): Social Issues and the Demographic Split

(140) Comments | Posted April 19, 2013 | 4:05 PM

My first reaction on hearing of the Senate's failure to get 60 votes for even modest measures to regulate the flow of guns into the hands of people who shouldn't have them, such as background checks supported by 90 percent of Americans, was to be furious at the spinelessness of...

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The Dis-Uniting of America

(583) Comments | Posted April 17, 2013 | 2:10 PM

We come together as Americans when confronting common disasters and common threats, such as occurred in Boston on Monday, but we continue to split apart economically.

Anyone who wants to understand the dis-uniting of America needs to see how dramatically we're segregating geographically by income and wealth. Today I'm giving...

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Why This Is the Worst Recovery on Record

(930) Comments | Posted April 15, 2013 | 5:17 PM

The biggest economic debate is between Keynesians (who want more government spending and lower interest rates in order to fuel demand) and supply-side "austerics" (who want lower taxes on the wealthy and on corporations to boost incentives to hire and invest, and who see government deficits crowding out private investment).

...
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Bi-Partisanship We Don't Need: The President Offers to Cut Social Security and Republicans Agree

(768) Comments | Posted April 10, 2013 | 9:17 AM

John Boehner, Speaker of the House, revealed why it's politically naive for the president to offer up cuts in Social Security in the hope of getting Republicans to close some tax loopholes for the rich. "If the president believes these modest entitlement savings are needed to help shore up these...

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The Stealth Sequester

(465) Comments | Posted April 8, 2013 | 4:19 PM

So far, the much-dreaded "sequester" -- some $85 billion in federal spending cuts between March and September 30 -- hasn't been evident to most Americans.

The dire warnings that had issued from the White House beforehand -- threatening that Social Security checks would be delayed, airport security checks would be...

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The Big Stall

(318) Comments | Posted April 5, 2013 | 12:34 PM

Bad news on the economy. It added only 88,000 jobs in March -- the slowest pace of job growth in nine months.

While the jobless rate fell to 7.6 percent, much of the drop was due to the labor force shrinking by almost a half million people. If you're not...

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What's the 'Chained CPI,' Why It's Bad for Social Security and Why the White House Shouldn't Be Touting It (VIDEO)

(533) Comments | Posted April 4, 2013 | 2:39 PM

The White House and prominent Democrats are talking about reducing future Social Security payments by using a formula for adjusting for inflation that's stingier than the current one. It'scalled the "Chained CPI." I did this video so you can understand it -- and understand why it's so wrongheaded.

Even...

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What Immigration Reform Could Mean for American Workers, and Why the AFL-CIO Is Embracing It

(275) Comments | Posted April 2, 2013 | 3:55 PM

Their agreement on is very preliminary and hasn't yet even been blessed by the so-called Gang of Eight senators working on immigration reform, but the mere fact that AFL-CIO President Richard Trumka and Chamber of Commerce President Thomas J. Donohue agreed on anything is remarkable.

The question is whether...

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Why Politicians Are Sensitive to Public Opinion on Same-Sex Marriage, Immigration and Guns, But Not on the Economy

(686) Comments | Posted March 29, 2013 | 9:01 AM

Who says American politics is gridlocked? A tidal wave of politicians from both sides of the aisle who just a few years ago opposed same-sex marriage are now coming around to support it. Even if the Supreme Court were decide to do nothing about California's Proposition 8 or DOMA, it...

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The Morality Brigade

(1120) Comments | Posted March 25, 2013 | 5:08 PM

We're still legislating and regulating private morality, while at the same time ignoring the much larger crisis of public morality in America.

In recent weeks Republican state legislators have decided to thwart the Supreme Court's 1973 decision in Roe v. Wade, which gave women the right to have an abortion...

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