Robert Reich: After Newt Gingrich took over as Speaker of the House in 1995, compromise was replaced by brinksmanship, and normal legislative maneuvering was supplanted by threats to close down the government – which occurred at the end of that year.
Robert Reich: The ascendance of Ryan and Clinton will mark a win for big business and Wall Street over the strongest anti-establishment surge America has witnessed since Great Depression.
Robert Reich: Shaming before congressional committees tends to reassure the public Congress is taking action. But – especially with Republicans in charge – Congress is doing nothing to prevent the wrongdoing from recurring.
Robert Reich: My colleagues weren’t exactly enthusiastic about the new president’s campaign promise. “Maybe there’s some way we can do this without actually limiting executive pay,” one said.
Robert Reich: In a society of widening inequality, the winners are often wealthier than the losers, so even if they fully compensate the losers, as the winners gain more ground, the losers may feel even worse off.
Robert Reich: Apple is America’s most profitable high-tech company and also one of America’s biggest tax cheats. It maintains a worldwide network of tax havens to park its global profits, some of which don’t even have any employees.
Robert Reich: One real choice in the future is a hugely expensive for-profit oligopoly with the market power to charge high prices even to healthy people and stop insuring sick people.
Robert Reich: The problem isn’t Obamacare per se. It’s in the structure of private markets for health insurance – which creates powerful incentives to avoid sick people and attract healthy ones.
Robert Reich: She’s unlikely to have a typical presidential honeymoon because she won’t be riding a wave of hope and enthusiasm that typically accompanies a new president into office.
Robert Reich: Even a one tenth of 1% transaction tax would raise $185 billion over 10 years according to the non-partisan Tax Policy Center.
Robert Reich: The Democratic National Committee – like the Republican National Committee – has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists bundlers, and corporate and Wall Street PACs.
Robert Reich: Donald Trump isn’t just an aberration and Bernie Sanders wasn’t just a flash in the pan. Both, in very different ways, reflect a crisis in our political economy.
Robert Reich: Hillary is moving to the middle. She’s going after moderate swing voters. Presumably that’s why she tapped Tim Kaine to be her vice president. Kaine is as vanilla middle as you can get.