News

The Republican Party Is Marginalizing Itself Out Of Existence

[credit provider=”AP”] Remarkably, John Boehner couldn’t get enough House Republicans to vote in favour of his proposal to keep the Bush tax cuts in place on the first million dollars of everyone’s income and apply the old Clinton rates only to dollars over and above a million.What? Even Grover Norquist […]
The Republican Party Is Marginalizing Itself Out Of Existence
News

America’s Kids Are Getting Shortchanged On Every Major Issue

[credit provider=”Seattle Municipal Archives via www.flickr.com Creative Commons” url=”http://www.flickr.com/photos/seattlemunicipalarchives/4257832622/”] America’s children seem to be shortchanged on almost every issue we face as a society.Not only are we failing to protect our children from deranged people wielding semi-automatic guns.
America’s Kids Are Getting Shortchanged On Every Major Issue
News

REICH: I’m Worried About Tim Geithner

[credit provider=”CNBC”] I’m trying to remain optimistic that the President and congressional Democrats will hold their ground over the next month as we approach the so-called “fiscal cliff.”But leading those negotiations for the White House is outgoing Secretary of Treasury Tim Geithner, whom Monday’s Wall Street Journal described as a “pragmatic deal maker” […]
REICH: I’m Worried About Tim Geithner
News

How Deficit Hawks Took Over The Country

[credit provider=”Flickr/Hello,I’m Chuck” url=”http://www.flickr.com/photos/helloimchuck/”] I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal. Our problem is lack of good jobs and sufficient growth, and our goal must be […]
How Deficit Hawks Took Over The Country
News

It’s Time For Obama To Stick It To Them On The Deficit Negotiations

[credit provider=”modomatic at www.flickr.com” url=”http://www.flickr.com/photos/modomatic/2819582173/”] I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election. And if the past four years has proven anything it’s that the White House should not begin with a compromise.Assuming the goal is […]
It’s Time For Obama To Stick It To Them On The Deficit Negotiations
News

We Can’t Risk Putting Liars In The White House

[credit provider=”Getty Images”] Over the weekend, Romney debuted an ad in Ohio showing cars being crushed as a narrator says Obama “sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job.”In fact, Chrysler is retaining and expanding its Jeep production in […]
We Can’t Risk Putting Liars In The White House
Markets

Economist Mark Perry Calls Out Robert Reich For Charging Up To $100K For Speeches

[credit provider=”Conor Lawless/Flickr” url=”http://www.flickr.com/photos/conchur/1580885393/”] Mark Perry, the respected economist behind the brilliant Carpe Diem blog, is calling out economist Robert Reich for a recent post he did on aeroplane ticket pricing just before Hurricane Sandy.Reich wrote that ticket prices for a flight out of New York’s JFK airport were cranked […]
Economist Mark Perry Calls Out Robert Reich For Charging Up To $100K For Speeches
News

Airlines Exploited The Heck Out Of Passengers Trying To Escape The Storm

[credit provider=”Flickr / Vox Efx” url=”http://www.flickr.com/photos/vox_efx/3578322709/in/photostream/”] Leaving New York City yesterday bound for California on one of the last flights out of JFK before the airport closed, a flight attendant told me I was lucky to already have my ticket. In light of the pending hurricane, the airlines had just […]
Airlines Exploited The Heck Out Of Passengers Trying To Escape The Storm
News

The Final Days, The Biggest Issue, And The Clearest Choice

[credit provider=” David McNew/Getty Images”] As we go into the final days of a dismal presidential campaign where too many issues have been fudged or eluded — and the media only wants to talk about who’s up and who’s down — the biggest issue on which the candidates have given […]
The Final Days, The Biggest Issue, And The Clearest Choice
News

A Romney Victory Will Create More Uncertainty Than Ever

[credit provider=”Flickr/Gage Skidmore” url=”http://www.flickr.com/photos/gageskidmore/6878652465/”] As we close in on Election Day, the questions about what Mitt Romney would do if elected grow even larger. Rarely before in American history has a candidate for president campaigned on such a blank slate.Yet, paradoxically, not a day goes by that we don’t hear […]
A Romney Victory Will Create More Uncertainty Than Ever
News

This NYT Puff Piece About Romney Must Be A Joke

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:NYTimesByLuigiNovi1.jpg”] The so-called “mainstream media” (aka The New York Times) is constantly being assailed by Republicans and the right for their supposedly liberal slant. Yet another convenient right-wing lie.Take, for example, Saturday’s above-the-fold NY Times story, entitled (in the print edition that arrived at my home this morning): […]
This NYT Puff Piece About Romney Must Be A Joke
Markets

ROBERT REICH: The Cliff Is Looking More Like A Fiscal ‘Gentle Hill’

[credit provider=”HarvardEthics at www.flickr.com” url=”http://www.flickr.com/photos/harvardethics/6100257825/”] Former Secretary of labour Robert Reich thinks the phrase “fiscal cliff” might be a bit of an exaggeration – or at least a misnomer.In a new article for the Financial Times, Reich says it’s more likely to play out like a “gentle hill” due to […]
ROBERT REICH: The Cliff Is Looking More Like A Fiscal ‘Gentle Hill’
News

Here’s What Obama Should Have Said

[credit provider=”(Photo by Justin Sullivan/Getty Images)”] In Wednesday night’s debate, Romney won on style while Obama won on substance. Romney sounded as if he had conviction, which means he’s either convinced himself that the lies he tells are true or he’s a fabulous actor.But what struck me most was how […]
Here’s What Obama Should Have Said
News

Romney Is Giving The GOP Exactly What It Wanted

[credit provider=”Flickr/Gage Skidmore” url=”http://www.flickr.com/photos/gageskidmore/6878652465/”] I’ve spent the past few days debating right-wingers — among them, Grover Norquist and Ann Coulter. This isn’t my idea of fun. I do it because apparently many Americans find these people persuasive, and it seems important to try to show why they’re profoundly wrong. There are […]
Romney Is Giving The GOP Exactly What It Wanted
News

Four Reasons Why Romney Might Still Win

[credit provider=”AP”] Can Romney possibly recover? A survey conducted between Sept. 12 and Sept. 16 by the Pew Research centre — before the “47 per cent victim” video came to light – showed Obama ahead of Romney 51% to 43% among likely voters.That’s the biggest margin in the September survey prior […]
Four Reasons Why Romney Might Still Win
News

Robert Reich Drew These Cartoons To Show Exactly What’s Wrong With America

[credit provider=”RobertReich.org” url=”http://robertreich.org/post/31335756096″] Here’s a slideshow of the illustrations I did for the new (and expanded) paperback edition of Beyond Outrage: Expanded Edition: What has gone wrong with our economy and our democracy, and how to fix it — just out.  First time I’ve illustrated my own book (or any other […]
Robert Reich Drew These Cartoons To Show Exactly What’s Wrong With America
News

Neither Party Has Offered A Meaningful Plan To Bring Back Jobs

[credit provider=”United States Steel Corp.” url=”http://www.uss.com/corp/images/press/high_res/blast_furnace_tap.jpg”] The question at the core of America’s upcoming election isn’t merely whose story most voting Americans believe to be true – Mitt Romney’s claim that the economy is in a stall and Obama’s policies haven’t worked, or Barack Obama’s that it’s slowly mending and […]
Neither Party Has Offered A Meaningful Plan To Bring Back Jobs
News

Bill Clinton’s Speech Was Exactly What America Needed

[credit provider=”DNC”] Bill Clinton’s speech at the Democratic National Convention was very long but it was masterful — not only in laying out the case for Barack Obama and against Mitt Romney and Paul Ryan, but in giving the American public what they most want and need in this election […]
Bill Clinton’s Speech Was Exactly What America Needed
News

Why Inequality Is The Biggest Economic Threat To America

The most troubling economic trend facing America this labour Day weekend is the increasing concentration of income, wealth, and political power at the very top – among a handful of extraordinarily wealthy people – and the steady decline of the great American middle class.  Inequality in America is at record […]
Why Inequality Is The Biggest Economic Threat To America
News

How Romney Gets Away With So Many Lies

[credit provider=”National Review Online”] “We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster.  A half dozen fact-checking organisations and websites have refuted Romney’s claims that Obama removed the work requirement from the welfare law and will cut Medicare benefits by $216 billion.   […]
How Romney Gets Away With So Many Lies
News

The Ryan-Romney Economic Plan Would Be A Disaster For America

[credit provider=”AP”] Mitt Romney hasn’t provided details so  we should be grateful he’s selected as vice president a man with a detailed plan Romney says is “marvellous,” “bold and exciting,” “excellent,” “much needed,” and “consistent with” what he’s put out.So let’s look at the five basic features of this “marvellous” […]
The Ryan-Romney Economic Plan Would Be A Disaster For America
Markets

REICH: This Is The Wall Street Scandal Of All Scandals

Just when you thought Wall Street couldn’t sink any lower – when its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system, giving birth to Tea Partiers and Occupiers and all manner of conspiracy theories; when its excesses have already wrought havoc […]
REICH: This Is The Wall Street Scandal Of All Scandals
News

ROBERT REICH: Some Republicans Have A Stupid Idea Of Patriotism

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Razor_Wire_Bunch.JPG”] Recently I publicly debated a regressive Republican who said Arizona and every other state should use whatever means necessary to keep out illegal immigrants. He also wants English to be spoken in every classroom in the nation, and the pledge of allegiance recited every morning. “We […]
ROBERT REICH: Some Republicans Have A Stupid Idea Of Patriotism
Markets

Jamie Dimon Has Exposed A Huge Financial Loophole

[credit provider=”CNBC screenshot”] The Commodity Futures Trading Commission, the main regular of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks.Horror of horrors, say the banks.
Jamie Dimon Has Exposed A Huge Financial Loophole
News

ROBERT REICH: The Barbarians Are At The Gates Of Washington

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:De_Neuville_-_The_Huns_at_the_Battle_of_Chalons.jpg”] Back from several days in Washington. The city still has all the disadvantages of being a one-industry town, with almost everyone working for the government or lobbying the government or reporting on the government or trying to influence the government or litigating on behalf of or against […]
ROBERT REICH: The Barbarians Are At The Gates Of Washington
News

ROBERT REICH: Here’s What The US Must To Avoid The European Austerity Trap

[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org/wiki/File:Polar_Bear_Trap_Svalbard_01.jpg”] We now know austerity economics is bad for weak economies facing large budget deficits. Much of Europe is in recession because of budget cuts demanded by Germany. And as Europe’s economies shrink, their debts become proportionally larger, making a bad situation worse. The way to avoid this […]
ROBERT REICH: Here’s What The US Must To Avoid The European Austerity Trap
News

ROBERT REICH: Romney Wants To Take Us Back To The Gilded Age

Fine to nail Romney with Bain Capitalism. But let’s not forget Romney’s budget proposal, which mimics Paul Ryan’s. Take a moment to make yourself aware of both, because they’re eye-opening and scary. Both would restore the military budget, slash Medicare (turning it into vouchers that shift costs to the elderly) […]
ROBERT REICH: Romney Wants To Take Us Back To The Gilded Age
News

ROBERT REICH: A Dangerous Schism Has Opened In The Democratic Party

The Cory Booker imbroglio has ignited a silly but potentially pernicious debate in the Democratic Party between so-called “pro-growth centrists” who want the President to focus on how well he’s done getting the economy back on its feet after the Bush administration almost knocked it out, and “pro-fairness populists” who […]
ROBERT REICH: A Dangerous Schism Has Opened In The Democratic Party
News

Mitt Romney Is Embarrassing Himself By Glorifying Bill Clinton

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Bill_Clinton_visit_to_Los_Alamos.jpg”] Mitt Romney is full of praise for Bill Clinton even as he heaps scorn on Obama.”Almost a generation ago, Bill Clinton announced that the era of big government was over,” says Romney, “Clinton was signaling to his own party that Democrats should no longer try to […]
Mitt Romney Is Embarrassing Himself By Glorifying Bill Clinton
News

Republicans Want To Make The Election About Bedrooms, Not Boadrooms

[credit provider=”animm on flickr” url=”http://www.flickr.com/photos/animm/257167657/”] The 2012 election should be about what’s going on in America’s boardrooms, but Republicans would rather it be about America’s bedrooms.Mitt Romney says he’s against same-sex marriage; President Obama just announced his support. North Carolina voters have approved a Republican-proposed amendment to the state constitution […]
Republicans Want To Make The Election About Bedrooms, Not Boadrooms
News

ROBERT REICH: The World Is A Tinderbox Right Now

[credit provider=”neonquark on flickr” url=”http://www.flickr.com/photos/neonquark/4658615403/”] The Dow Jones Industrial Average hit 13,338 Tuesday, its highest since December, 2007. The S&P 500 added 16 points. Wall Street will remember May 1 as a great day.But most of these gains are going to the richest 10 per cent of Americans who own […]
ROBERT REICH: The World Is A Tinderbox Right Now
News

Why Anyone Should Care That Bill O’Reilly Calls Me A Communist

Bill O’Reilly, the tumescent personality of Fox News, said on his Friday show “Robert Reich is a communist who secretly adores Karl Marx.” (This came after Fox News’ Neil Cavoto called me a “sanctimonious twit” for suggesting the rich should pay more in taxes.)
Why Anyone Should Care That Bill O’Reilly Calls Me A Communist
News

ROBERT REICH: We Really Are Living In A Plutocracy

Imagine a country in which the very richest people get all the economic gains. They eventually accumulate so much of the nation’s total income and wealth that the middle class no longer has the purchasing power to keep the economy going full speed. Most of the middle class’s wages keep […]
ROBERT REICH: We Really Are Living In A Plutocracy
News

You’re Either Having A Great Year Or A Terrible Year In America

[credit provider=”Eric Goldschein”] Luxury retailers are smiling. So are the owners of high-end restaurants, sellers of upscale cars, vacation planners, financial advisors, and personal coaches. For them and their customers and clients the recession is over. The recovery is now full speed.But the rest of America isn’t enjoying an recovery. […]
You’re Either Having A Great Year Or A Terrible Year In America
News

The Republican Budget Plan Is Pure Social Darwinism

[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Neanderthaler_Fund.png”] In announcing the Republicans’ new budget and tax plan Tuesday, House Budget Committee Chairman Paul Ryan said “We are sharpening the contrast between the path that we’re proposing and the path of debt and decline the president has placed us upon.”Ryan is right about sharpening the contrast. […]
The Republican Budget Plan Is Pure Social Darwinism
Markets

Greg Smith Was Wrong: The Problem Isn’t Goldman Sachs, It’s Wall Street

[credit provider=”AP”] Greg Smith, a Goldman Sachs vice president, resigned his post Wednesday with a stinging public rebuke of the firm on the oped page of the New York Times — accusing it of no longer putting its clients before its own pecuniary goals.            But if Mr. Smith believes his experience at Goldman […]
Greg Smith Was Wrong: The Problem Isn’t Goldman Sachs, It’s Wall Street
Markets

ROBERT REICH: Housing Is The Rotting Core Of The Recovery

Economic cheerleaders on Wall Street and in the White House are taking heart. The U.S. has had three straight months of faster job growth. The number of Americans each week filing new claims for unemployment benefits is down by more than 50,000 since early January. Corporate profits are healthy. The […]
ROBERT REICH: Housing Is The Rotting Core Of The Recovery
News

ROBERT REICH On The Biggest Risk To The Economy In 2012

Treasury Secretary Tim Geithner, speaking at the World Economic Forum in Davos a few days ago, said the “critical risks” facing the American economy this year were a worsening of Europe’s chronic sovereign debt crisis and a rise in tensions with Iran that could stoke global oil prices.
ROBERT REICH On The Biggest Risk To The Economy In 2012
News

Why No Responsible Democrat Should Want Newt Gingrich To Get The GOP Nomination

[credit provider=”Gingrich Productions ” url=”http://www.gingrichproductions.com/video/ninedaysthatchangedtheworld.html”] Republicans are worried sick about Newt Gingrich’s ascendance, while Democrats are tickled pink.Democrats should not be pleased at the prospect that Gingrich could get the GOP nomination. The future of America is too important to take even a small risk of a Gingrich presidency.
Why No Responsible Democrat Should Want Newt Gingrich To Get The GOP Nomination
News

ROBERT REICH: Get Ready For A Romney-Rubio Ticket

Since my New Year’s prediction that Obama would select Hillary Clinton for his running mate in 2012 (and Joe Biden would become Secretary of State), I’ve been swamped by requests for my GOP prediction. Here goes.
ROBERT REICH: Get Ready For A Romney-Rubio Ticket
Markets

ROBERT REICH: The Republican Economic Plan Is An Austerity Death-Trap

Ron Paul’s newly-unveiled economic plan – promising to cut $1 trillion from the federal budget in year one (presumably that means 2013) – is only slightly more ambitious than what we’re hearing from other Republican candidates. They’re all calling for major spending cuts starting fifteen months from now. 
ROBERT REICH: The Republican Economic Plan Is An Austerity Death-Trap
Markets

Stock Tip: Be Worried. Workers Are Consumers.

[credit provider=”www.flickr.com” url=”http://www.flickr.com/photos/darwinist/5773404698/sizes/l/in/photostream/”] Repeat after me: Workers are consumers. Consumers are workers.We’re slouching toward a double dip, and Wall Street is imploding, because consumers – whose spending is 70 per cent of the economy – have reached their limit.
Stock Tip: Be Worried. Workers Are Consumers.
News

Why Governor LePage Can’t Erase History, And Why We Need A Fighter In The White House

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Lepageumaine.jpg”] Maine Governor Paul LePage has ordered state workers to remove from the building that houses the state labour department a 36-foot mural depicting the state’s labour history.Among other things the mural depicts the 1937 shoe mill strike in Auburn and Lewiston. It also features the iconic […]
Why Governor LePage Can’t Erase History, And Why We Need A Fighter In The White House
News

Safety On The Cheap

Can we please agree that in the real world corporations exist for one purpose, and one purpose only — to make as much money as possible, which means cutting costs as much as possible?
News

Clarence Thomas And The Politicization Of The Supreme Court

Justice Clarence Thomas, in a speech last weekend to the Federalist Society, accused his critics of “undermining” the legitimacy of the Supreme Court – politicizing it in ways that jeopardize the Court’s credibility in the eyes of the public. He warned:
News

The GOP’s Message Is A Lie, But The Dems Have Done Nothing To Stop It

You can’t fight something with nothing. But as long as Democrats refuse to talk about the almost unprecedented buildup of income, wealth, and power at the top – and the refusal of the super-rich to pay their fair share of the nation’s bills – Republicans will convince people it’s all […]
The GOP’s Message Is A Lie, But The Dems Have Done Nothing To Stop It
News

The Republicans’ Three-Part Strategy

[credit provider=”republicanconference via Flickr” url=”http://www.flickr.com/photos/republicanconference/”] The Republican strategy is to split the vast middle and working class – pitting unionized workers against non-unionized, public-sector workers against non-public, older workers within sight of Medicare and Social Security against younger workers who don’t believe these programs will be there for them, and […]
The Republicans’ Three-Part Strategy
News

Obama’s Deal With The U.S. Chamber of Commerce

“We can, and we must, work together,” the President told the U.S. Chamber of Commerce today. “Whatever differences we may have, I know that all of us share a deep, abiding belief in this country, a belief in our people, a belief in the principles that have made America’s economy […]
Obama’s Deal With The U.S. Chamber of Commerce
Markets

The Jobs Report And America’s Two Economies

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.
The Jobs Report And America’s Two Economies
News

Gabby Won’t Be Stopped

“Be careful of yourself,” I told Gabby last March, after the front glass door and a window at her Tucson congressional office were shattered. The attack came the same evening — Sunday, March 21 — she and other House Democrats voted for the health care law.
News

Why Half Of The Corporations In America Don’t Care About The Recovery

Some giant American corporations depend on a buoyant American economy and a world-class industrial base in the United States. Others are far less dependent. What comes out of Washington in the next few years will reflect which group has most political clout — especially if Republicans take over the House […]
Why Half Of The Corporations In America Don’t Care About The Recovery
News

The Great Jobs Depression Worsens And The Choices Grows Starker

[credit provider=”aflcio via Flickr” url=”http://www.flickr.com/photos/labor2008/3405189103/”] The Great Jobs Depression continues to worsen.The labour Department reports this morning that companies created ony 67,000 new jobs in August. That’s down from the 107,000 they created in July. And because the government laid off temporary Census workers, the economy as a whole lost […]
The Great Jobs Depression Worsens And The Choices Grows Starker