Mitt Misses Middle Class’s Decline

entitlement society

Robert Reich: January’s increase in hiring is good news, but it masks a bigger and more disturbing story – the continuing downward mobility of the American middle class.

Ransom Paid

laugh-or-cry-wide

Robert Reich: Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.

The Big Lie

death panels

Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.

What’s at Stake in Tax-Cut Deal

tax cuts for rich

Norman Solomon: More than two weeks after President Barack Obama announced his decision to make a tax-cut deal with Republican leaders, the shock waves continue to buffet many Democrats and others who are stunned by the grim implications.

Why the Tax Deal Is an Abomination

Robert Reich: The deal the President struck with Republican leaders is an abomination. It’s larger than the bailout of Wall Street, GM, and Chrysler put together, larger than the stimulus package, larger than anything that’s come out of Washington in years. The president needs new advisors.

The Big Economic Story; Why Obama Isn’t Telling It

tax cuts for the rich

Robert Reich: In reality, the lousy economy is due to insufficient demand – the result of the nation’s almost unprecedented concentration of income at the top.

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