Robert Reich: While Bill Clinton stumps for Obama, Romney has gone out of his way not to mention the name of the president who came after Clinton and before Obama.
Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.
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.
Robert Reich: New data from the Commerce Department shows employee pay is now down to the smallest share of the economy since the government began collecting wage and salary data in 1929.
Brent Budowsky: Make no mistake: If the debt ceiling is not extended and America goes into default, markets and economies around the world will probably crash.
Robert Reich: Republicans haven’t come up with a single new idea in almost 60 years. Herbert Hoover was the last Republican president to introduce a new Republican theme back in 1952 at the Republican National Convention. Since then they’ve repeated the message. Of course, Herbert Hoover, you may remember, didn’t have a sterling record when it came to the economy. As president, he presided over the Great Crash of 1929 and ushered in the Great Depression.
Robert Reich: In reality, the lousy economy is due to insufficient demand – the result of the nation’s almost unprecedented concentration of income at the top.
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.”
Buddy, can you spare a Prozac? Oh, wait. This kind of depression won’t be cured with a pill. And a dime doesn’t buy as much today as it did in 1930. Watching the House vote on a package to rescue the economy fall apart this afternoon was as traumatic as seeing Wall Street brokers leaping […]
As the presidential poll numbers tighten, I have recently heard the following: the American people are stupid, voters have again been manipulated by the media, working class voters will again vote on cultural, not economic, issues, and the United States will never elect an African-American President. This deep-seated distrust of the “average” U.S. voter appears […]