The Truth About the American Economy

Robert Reich: As we should have learned from the Great Prosperity — the 30 years after World War II when America grew because most Americans shared in the nation’s prosperity — we cannot have a growing and vibrant economy without a growing and vibrant middle class.

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Rewriting the Social Contract; Making Everybody Hurt

hookers and coke

Carl Bloice: I’m just intrigued these days by how much the people who have a lot have become the most insistent that those below them on the social ladder bear the brunt of paying for capitalism’s current crisis.

The State of the Union and the Federal Budget: Investing in America’s Future

obama state of the union

Robert Reich: Over the long term, the only way to improve the living standards of most Americans is to invest in our people – especially their educations, skills, and the communications and transportation systems linking them together and with the rest of the world (infrastructure).

CBO: DREAM Act Will Reduce The Deficit

dream act

Andrea Nill: The increase in authorized workers would affect individual and corporate income taxes, as well as social insurance taxes. On balance, those changes would increase revenues by $2.3 billion over 10 years.

Republican Economics as Social Darwinism

john-boehner

Robert Reich: John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”

The End of the Great Moderation, the Bailouts of Freddie & Fannie and Wall Street, and the Tattered Safety Net for Everyone Else

Robert Reich

by Robert Reich — As we bail out Wall Street along with Freddie and Fannie and all the top financial executives who have been pocketing tens of millions a year, yet allow millions of homeowners and jobless Americans to sink, it’s worth contemplating what’s happening to the American economy and to our social safety nets.

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