Washington Pre-Occupied

occupy washington

Robert Reich: The Occupier movement is still in its infancy in the United States, but it cannot be stopped. Here, as elsewhere, people are outraged at what feels like a rigged game.

How to Get Washington’s Attention

wall-street-follies-wide

Robert Reich: The leaders of the Street and big business may now have to wake up to a reality they’ve tried to avoid — that the central economic problem of our time isn’t the long-term budget deficit but the immediate deficit in aggregate demand.

Why Obama’s Proposal Is Risky

robert reich

Robert Reich: The underlying problem isn’t the budget deficit. It’s that so much income and wealth are going to the top that most Americans don’t have the purchasing power to sustain a strong recovery.

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.

The Failure of the G-20 Summit

obama seoul

Robert Reich: It’s always nice to talk about international cooperation, and to create global photo ops. But the truth is much more needs to be done to ease tensions that are moving the global economy closer to the brink of outright protectionism

Immigrants Cleaning Up Oil Spill Nothing New

bp cleanup

Andrea Nill: As Tyler Falk of Grist points out, there’s something seriously wrong with the fact that “British Petroleum can legally come to the Gulf and devastate an entire ecosystem and the economy it supports, but when “illegal” immigrants come to clean up the mess, they are treated like criminals.”

Stimulus Plan: The Need and the Size

sinkingeconomy

The core problem we face is not access to capital. The Treasury has already flooded Wall Street and the banking system with money, committing nearly $350 billion; the Federal Reserve Board has exchanged Treasury bills for some $2.2 trillion of troubled assets; other agencies, such as the FDIC, have guaranteed trillions more. But there has [...]