Looking Beyond Election Day

dollar chicken

Robert Reich: Political elites are worried about thunder on the right and the left, but they show scant understanding of what these growing anti-establishment forces signify. Meanwhile, the nation drifts.

The Zero Economy

obama sotu

Robert Reich: Every time you hear anyone say we’re “broke” or “can’t afford to spend more,” tell them we’ll be in worse shape if we don’t. If the economy remains dead in the water, the ratio of public debt to GDP balloons.

Slouching Toward a Double Dip, For No Good Reason

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Robert Reich: We are slouching toward a double dip because we’re getting the problem wrong. Despite what Standard & Poor’s says, notwithstanding what’s occurring in Europe, and regardless of U.S. budget projections years from now — our current crisis is jobs, wages, and growth. We do not now have a debt crisis.

Vicious Cycles: Why Washington Is About to Make the Jobs Crisis Worse

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Robert Reich: The only way out of the vicious economic cycle is for government to adopt an expansionary fiscal policy — spending more in the short term in order to make up for the shortfall in consumer demand.

The Swamp of Washington and the Morass of the Economy

robert reich richard shelby

Robert Reich: If the Democrats remain silent, the vacuum will be filled by the Republican snake oil of federal spending cuts and cut taxes on big corporations and the wealthy.

More Truth About the American Economy

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Robert Reich: Democrats are behaving as if they’re powerless to affect the economy even though a Democrat occupies the White House and his appointees run the federal government.

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The Winds of Deflation

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Robert Reich: Consumers aren’t buying. They’re acting rationally. They’re worried about keeping their jobs, and they’re justifiably worried about the future.

An Old Fart’s Admonition: Please, Don’t Let Yourself Get Disillusioned

the doors

Bob Letcher: NPR reported that many of the first-time voters in 2008, whose votes provided Obama his winning margin, might stay home in the upcoming elections. To them I say, please vote.

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 [...]

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