Robert Reich: A bold jobs plan is also good politics. With more than 25 million Americans looking for full-time jobs, the wages of people with jobs falling, and an economy on the verge of a double dip, the President has to come out fighting on the side of average people.
In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead [...]
At its worst, America’s criminal justice system represents the place where racism, greed and corruption intersect. At its best, it is inherently flawed, unjust, and unreliable, and little better than its worst. The engine that drives this injustice system is known as the prison industrial complex. It is the theater in which the nation’s foremost [...]