What’s Really at Stake

"Detroit" Linh Dinh

Robert Reich: But before the hostilities start again and we all get lost in puerile politics and petty tactics, it’s useful to consider what’s really at stake for our economy and democracy.

Lousy Jobs for Labor Day

"Gold Line" Linh Dinh

Robert Reich: The percent of Americans living below the poverty line has been increasing even as the economy has started to recover — from 12.3 percent in 2006 to around 14 percent this year. More than 35 million Americans now live below the poverty line.

3 Reasons Why Republicans Like High Unemployment

Obama for it

Robert Reich: Everyone would benefit from higher taxes on the wealthy to finance public investments in roads, bridges, public transit, better schools, affordable higher education, and healthcare but higher unemployment helps to boost corporate profits.

Global Capital and the Nation State

conquering capital

Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.

The Hollowing Out of Government

government regulations

Robert Reich: When Republicans can’t directly repeal laws they don’t like, they repeal them indirectly by hollowing them out — denying funds to fully implement them, and reducing funds to enforce them.

And the Xenophobia Begins

chuck grassley

Robert Reich: The horror of the Boston Marathon is real. But the xenophobic fears it has aroused are not. I would have hoped United States senators felt an obligation to calm public passions than pander to them.

Fixing the Economy’s Real Problem

obama shaking hands

Robert Reich: The President needs to deliver the same message to the public, loudly and clearly. The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality — not deficits. The major goal must be to get jobs and wages back, not balance the budget.

Ryan’s Regressiveness Redux

paul ryan

Robert Reich: Austerity economics — of which Ryan’s upcoming budget is the most extreme version — is a cruel hoax. Cruel because it hurts most those who are already hurting; a hoax because it doesn’t work.

The Tea Party Plot

tea party legacy

Robert Reich: I suggest the President forget about a “grand bargain.” In fact, he should stop talking about the budget deficit and start talking about jobs and wages, and widening inequality – as he did in the campaign. And he should give up all hope of making a deal with the Tea Partiers who now run the Republican Party.

Showdown Fatigue

obama-running-590

Robert Reich: So where’s the outcry? Why aren’t more people up in arms? Why aren’t big businesses (including major military contractors) and Wall Street screaming into the ears of the GOP? Where’s the outrage from Main Street?

Why Jobs Trump Deficit Reduction

seasonal workers

Robert Reich: Friday’s jobs report shows an economy that’s still moving in the right direction but way too slowly, which is why Washington’s continuing obsession with the federal budget deficit is insane. Jobs and growth must come first.

Bungee-Jumping Over the Fiscal Cliff

bungee jump

Robert Reich: Excuse me for sounding impertinent, but isn’t this fear-mongering likely to buttress Republican arguments that the Bush tax cuts should be extended for everyone — including the rich?

Stop Obsessing About the Budget Deficit

fiscal cliff notes

Robert Reich: 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.

President Obama: Aim High on Grand Bargain

obama boehner deal

Robert Reich: I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election.

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