Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.
Robert Reich: What makes America’s current polarization remarkable isn’t the severity of our disagreements but our utter lack of engagement debating them.
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.
Herb Engstrom: At this time of TEA Party hysteria, Fox News mendacity, and GOP hypocrisy a government guarantee of universal employment might seem like a radical idea, although it seemed not to be so to Franklin Roosevelt.
Robert Reich: Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.
Robert Reich: Obama’s failure to address the decoupling of American corporate profits from American jobs, and explain specifically what he’ll do to get jobs back, not only risks making his grand plans for reviving the nation’s “competitiveness” seem somewhat beside the point but also cedes to Republicans the dominant narrative.
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).