Wall Street Still Too Big To Fail

Too Big to Fail Wide

Robert Reich: Five years ago this month Wall Street almost slid over the cliff. We bailed it out but millions of Americans are still suffering

Turning Mirage Recovery into Real Recovery

people need jobs

ecently, news reporters have been sounding almost giddy, saying that unemployment is dropping, housing prices are rising and the stock market is growing to new highs. But, these reports do not ring true with what people see around them. When you look beyond the sunny headlines, the sad reality is mirage recovery. The economy is limping [...]

Mitt’s 13% Tax

mitt romney greed

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.

Can Obama Stop Casino Capitalism?

obama biden

Shamus Cooke: The banking oligarchy is so intertwined with the political and economic establishment that real regulatory change cannot happen until the system itself is transformed from below, by a powerful social movement. Pleading to politicians to fix so-called Casino Capitalism is increasingly naive.

Did O’Reilly Really Call Robert Reich a Commie?

bill oreilly pointing

Robert Reich: What makes America’s current polarization remarkable isn’t the severity of our disagreements but our utter lack of engagement debating them.

10 Most Read Articles: Trayvon and White Innocence

dick and jane readers

10 Most Read Articles led by “Trayvon Martin: White Picket Fences, White Innocence,” by Sikivu Hutchinson: Fifty-seven years after Emmett Till was lynched in the name of white womanhood, the murder of Trayvon Martin—a beautiful son, friend, and prospective college student—is yet another testament to the terror of white picket fence innocence.

The GOP’s Big Investors

Robert Reich: Have you heard of William Dore, Foster Friess, Sheldon Adelson, Harold Simmons, Peter Thiel, or Bruce Kovner? If not, let me introduce them to you. They’re running for the Republican nomination for president.

The Gas Wars

oil wars

Robert Reich: Nothing drives voter sentiment like the price of gas – now averaging $3.56 a gallon, up 30 cents from the start of the year. It’s already hit $4 in some places. The last time gas topped $4 was 2008.

Top 10 Most Read Last Week Led by Wells Fargo Meets Occupy

LA Progressive Editor Dick Price’s report on the meeting local Occupy representatives had with Wells Fargo Bank officials in downtown Los Angeles — Wells Fargo Meets Occupy: Where There’s Smoke There’s Smoke? — led this week’s list of 10 most read articles.

The Sad Spectacle of Obama’s Super PAC

obama phone

Robert Reich: The sad truth is Obama has never really occupied the high ground on campaign finance. He refused public financing in 2008. Once president, he didn’t go to bat for a system of public financing.

Friday Feedback: What’s the Economy for Anyway?

tim geithner

This week, Joe Weinstein, one of our most prolific and thoughtful commentators, addresses Robert Reich’s “What’s the Economy for Anyway?”

Who Is Sheldon Adelson and What Has Newt Promised Him?

sheldon adelson

Robert Reich: Never before in the history of American politics has a single couple given more money to a single candidate and had a bigger impact than Sheldon Adelson and his wife – all courtesy of the Supreme Court and its grotesque decisions that speech is money.

Keynes and Hayek, Obama and the Republicans

friedrich von hayek

Walter Moss: From the Reagan years to the present, conservatives have been fond of quoting Friedman and Hayek. Their influence can be seen in such documents as the Republican Party’s 1994 “Contract with America.”

Free Enterprise on Trial

mitt occupy

Robert Reich: The Right’s blather about free enterprise risk-taking has it upside down. The higher you go in the economy, the easier it is to make money without taking any personal financial risk at all. The lower you go, the bigger the risks.

10 Most Read This Week Led by Reich’s “Obama-Clinton Ticket”

bruce reilly

As he often does, Robert Reich topped our weekly chart during this vacation week with his article discussing the advantages of a Barack Obama-Hillary Clinton for November’s election, with Joe Biden moving to State.

Top 10 Stories of 2011

The ten most read articles by LA Progressive’s readers in 2011 reflect both the breadth of our coverage and also several special focuses.

My Political Prediction for 2012: It’s Obama-Clinton

obama clinton ticket

Robert Reich: Obama needs to stir the passions and enthusiasms of a Democratic base that’s been disillusioned with his cave-ins to regressive Republicans. Hillary Clinton on the ticket can do that.

Why the Republican Crackup Is Bad for America

boehner's nightmare

Robert Reich: Two weeks before the Iowa caucuses, the Republican crackup threatens the future of the Grand Old Party more profoundly than at any time since the GOP’s eclipse in 1932. That’s bad for America.

An Offer to the President

Photo: White House Photographer Pete Souza

Robert Reich: So here’s the deal: We’ll reelect you. We’ll stand behind you. We’ll give you a mandate to do all this – and more – in your second term. As long as you stand behind us.

Newt’s Tax Plan, and Why His Polls Rise the More Outrageous He Becomes

the gingrich

Robert Reich: The more irresponsible his bomb-throwing, the more attractive Gringrich becomes to a sizable portion of Americans so fed up they feel like throwing bombs.

The Remarkable Political Stupidity of the Street

waive bank fees

Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

REVISED: How to Avoid Being a Principled Republican on Taxes

republicans and taxes

Robert Reich: Republican leaders are trying to get rank-and-file Republicans to go along with an extended payroll tax holiday — but by paying for it without raising taxes on the very rich.

A Passionless Presidential Race?

barack obama

Robert Reich: Occupiers and others have had enough.

Yet paradoxically the presidential race that officially begins a few months from now is likely to be as passionless as they come.

Trigger Deficit Cuts When Unemployment Drops to 5 Percent

supercommittee

Robert Reich: So the best of all worlds is to have a big jobs plan now, and also commit to automatic cuts triggered when unemployment falls to 5 percent.

The Corporate Pledge of Allegiance

corporate donors

Robert Reich: The Court thinks corporations have First Amendment rights to spend as much as they want on politics, and Romney (and most of his fellow Regressives) think they need lower taxes and fewer regulations in order to be competitive. These positions are absurd on their face.

Survey Saturday: Occupy Your Mama

occupy oakland

Survey Saturday: With upwards of ten thousand Occupy protesters flooding through downtown Oakland yesterday to close shipping facilities there and organizers here in Los Angeles planning a full teach-in weekend with the likes of Robert Reich and Robert Scheer, the Occupy Movement has the world’s attention.

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Occupy LA Teach In and More

occupy la teach in

Occupy LA Teach-In – Nov.5 & Nov.6 a weekend of actions, speakers, panel discussions and more created to educate, mobilize, unify and inspire the Occupiers

Greece’s Choice — and Ours: Democracy or Finance?

greek economy

Robert Reich: Greek Prime Minister George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.

Why We Shouldn’t be Selling the Right to Live in America

america for sale

Robert Reich: The visa-for-home swap proposal also comes at exactly the same time the nation is actively closing its doors to foreigners who aren’t wealthy. Is this what America is all about?

The Rise of the Regressive Right and the Reawakening of America

eric cantor

Robert Reich: Eric Cantor, Paul Ryan, Rick Perry, Michele Bachmann and the other tribunes of today’s Republican right aren’t really conservatives. Their goal isn’t to conservative what we have. It’s to take us backwards.

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