Who Is the Client State?

obama netanyahu

Stanley Kutler: Will Netanyahu now force American Jews to choose between the stakes and interests of their own government, or his own political needs and ambitions? Who can doubt the outcome?

Slouching Toward a Double Dip, For No Good Reason

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Robert Reich: We are slouching toward a double dip because we’re getting the problem wrong. Despite what Standard & Poor’s says, notwithstanding what’s occurring in Europe, and regardless of U.S. budget projections years from now — our current crisis is jobs, wages, and growth. We do not now have a debt crisis.

The Fake Budget Debate

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Shamus Cooke: This two-party big lie is not an accident, but an expression of a deeper held belief: that the U.S. government must be directed to meet the needs of the super wealthy who own U.S. corporations.

More Torture, Please

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Steve Hendricks: I derive immense comfort, for example, from the similarity between the pro-torture 70 percent and the 68 percent of Americans who believe “angels and demons are active in the world.” Surely many of my pro-torture countrymen just need a little more education about torture. Well, a lot more.

Why No Amount of Fiscal or Monetary Stimulus Will Be Enough

recession

Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).

Why There’s An Enthusiasm Gap: An Illustration

wealthy

Robert Reich: Super-rich financiers on Wall Street and top corporate executives have grown richer, though most Americans are getting poorer.

Forget Double Dip: We’re Still in One Long Big Dipper

recession

Robert Reich: It’s nonsense to think of the economy heading downward again into a double dip when most Americans never emerged from the first dip. We’re still in one long Big Dipper.

Watch “Deficit Hawks” Rush to Defend Pentagon Bloat

robert gates

Randy Shaw: The Republican Party and Democratic so-called “deficit hawks” attack any proposed defense cuts as “job killers.” Yet this alliance refused to save the jobs of hundreds of thousands of teachers, and have backed tax and spending policies that have cost the nation millions of jobs in recent years.

We’re in a One-and-a-Half Dip Recession

better jobs

Robert Reich: The President should stop talking and acting on anything else – not the deficit, not energy, not the environment, not immigration, not implementing the health care law, not education. He should make the whole upcoming mid-term election a national referendum on putting Americans back to work, and his jobs bill. Are you for it or against it?

An Exclusive (Somewhat Apocryphal) Interview with Stephen Hawking on the British Petroleum Gulf Oil Spill Event Horizon

stephen hawking

Gary Corseri: All this nambypambyism about the BP Oil Spill has got me down, so I figured I’d go to the smartest guy on the planet to get his what’s what. I met Stephen Hawking at his perch at the Mt. Palomar observatory.

Why Economic Advisors Are Paid to Be Economic Advisors

joblessness

Robert Reich: Say you’re a high government official with some responsibility for advising the President on what he should be doing and saying about the economy. You know the economy is still in a deep hole, the deepest since the Great Depression.

Worrisome Thoughts on the Way to the Jobs Summit

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But the reality that no one wants to talk about is a structural change in the economy that’s been going on for years but which the Great Recession has dramatically accelerated.

The Great Debt Scare: Why Has It Returned?

broken economy

It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make [...]

The Rebirth of Keynes, and the Debate to Come

John Maynard Keynes

by Robert Reich – The economy has just about come to a standstill – not so much because credit markets are clogged as because there’s not enough demand in the economy to keep it going. Consumer spending has fallen off a cliff. Investment is drying up. And exports are dropping because the recession has now [...]

When “Oops” ISN’T Enough

Bush Cartoon Railroad Tracks

Erich Segal, the author of “Love Story,” once put the phrase “Love means never having to say you’re sorry” into the official collection of favorite American catch-phrases. Up until very recently, we’ve had to suffer under a latter-day perversion of that: “The ‘War on Terror’ means never having to say you’re sorry.” Now, however, comes [...]

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