Robert Reich: Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown.
About Robert Reich
Robert B. Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written eleven books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Supercapitalism. His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Mr. Reich is co-founding editor of The American Prospect magazine.
Reich has been a member of the faculties of Harvard’s John F. Kennedy School of Government and of Brandeis University. He received his B.A. from Dartmouth College, his M.A. from Oxford University, where he was a Rhodes Scholar, and his J.D. from Yale Law School.
Global Capital and the Nation State
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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.
Pyromaniacs on the Potomac: The Problem With Obama’s Second Term
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Robert Reich: Is the central goal of his second term to achieve a grand bargain on the budget deficit? Or progress on gun control? Or restore jobs? Or reform the immigration laws? It is difficult to tell.
The Hollowing Out of Government
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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
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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.
Why This Is the Worst Recovery on Record
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Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.
Fixing the Economy’s Real Problem
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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
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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
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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
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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?
Obama’s Speech Should Focus on Jobs, Falling Wages, and Economic Inequality
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f you’re sitting in the well of the House when a president gives a State of Union address (as I’ve had the privilege of doing five times), the hardest part is on the knees. You’re required to stand and applaud every applause line, which means, if you’re in the cabinet or an elected official of [...]
GOP Too Nuts for Obama’s Debt Ceiling Gambit
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Robert Reich: So it must be that he’s counting on public pressure — especially from the GOP’s patrons on Wall Street and big business — to force Republicans into submission.
Now the Battle Over the Debt Ceiling
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Robert Reich: The White House’s and Democrats’ single biggest failure in the cliff negotiations was not getting Republicans’ agreement to raise the debt ceiling.
How to Beat Republican Fanatics: Call Their Bluff, Go Over Cliff
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Robert Reich: The fanatics in the GOP have to be held accountable or they’ll continue to hold the nation hostage to their extremism. Even if it takes until the 2014 midterms to loosen their hold, the cost is worth it.
Why Deficit Reduction, Not Jobs and Wages?
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Robert Reich: Too many Democrats inside and outside the Beltway have ingested the deficit cool-aide that the “serious people” on Wall Street have serving for two decades.
Why Jobs Trump Deficit Reduction
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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.
Why Austerity Economics Hurts Low-Wage Workers the Most
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Robert Reich: encouraged by the economic recovery and perhaps also by the election returns, low-wage workers have started to organize.
Bungee-Jumping Over the Fiscal Cliff
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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
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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
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Robert Reich: I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election.
Romneyism Laid Bare
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Robert Reich: Un these last days before the election, we have learned enough about the beliefs of the Republican presidential candidate to see them as a worldview all its own – a kind of creed that explains Mitt Romney.
Succumb to Cynicism, Let Regressives Win It All
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Robert Reich: The Koch brothers, Karl Rove, the rabid Republican right, CEOs and Wall Street titans who want to entrench their privileges and tax advantages — all of them would like nothing better than for every progressive in America to throw in the towel.
Barack Is Back in Town
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Robert Reich: the President explained why the way to create more jobs and to get the economy back on track is to strengthen the middle class, in sharp contrast to Romney’s trickle-down redux.
Democrats Hold Upper Hand As Fiscal Cliff Approaches
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Robert Reich: Democrats want a deal that raises taxes only on America’s wealthy and doesn’t substantially alter Medicare, and Social Security — which is the opposite of what Republicans want.
The Politics of the Jobs Report
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Robert Reich: RBoth Obama and Romney assume the recovery will continue, even at a slow pace, and that we’ll be back to normal at some point. But I’m not at all sure. “Normal” is what got us into this mess in the first place.
Presidential Debate Wednesday, Jobs Report Friday
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Robert Reich: The biggest election news this week won’t be who wins the presidential debate Wednesday night. It will be how many new jobs were created in September, announced Friday morning by the Bureau of Labor Statistics.
The Biggest Economic Challenge of Obama’s Second Term
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Robert Reich: Middle-class consumers won’t and can’t spend because their savings are depleted, their homes are worth a fraction of what they were five years ago, their wages are dropping, and they’re worried about keeping their jobs.
Mitt’s 13% Tax
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Robert Reich: omney admits to an income of over $20 million a year for the last several decades. Which makes his 13 percent — or even 20 percent — violate the principle of equal sacrifice that lies at the core of our notion of tax fairness.
Erasing Dubya
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Robert Reich: While Bill Clinton stumps for Obama, Romney has gone out of his way not to mention the name of the president who came after Clinton and before Obama.
The Terrible Economy and the Anti-Election of 2012
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Robert Reich: The worst economy since the Great Depression and you might think at least one of the candidates would come up with a few big ideas for how to get us out of it. But you’d be wrong.
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