Stories by Robert Reich

Robert B. Reich has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He also served on President Obama's transition advisory board. His latest book is Aftershock: The Next Economy and America's Future. His homepage is www.robertreich.org.subscribe to Robert Reich's rss feed

What Jamie Dimon's $2 Billion Dollar Fail Reveals About Our Banking System

Posted on May 11, 2012, Source: Robert Reich's Blog

What just happened at J.P. Morgan – along with its leader’s cavalier dismissal – reveals how fragile, opaque and dangerous the banking system continues to be

GOP Suicide: Why Can't Republicans Stop Alienating Women, Young People and Hispanics?

Posted on Apr 27, 2012, Source: RobertReich.org

Republicans can't stop pissing off the three demographic groups whose electoral impact is growing fastest.

How We're Turning America Into a Giant Casino

Posted on Apr 3, 2012, Source: Robert Reich's Blog

Organized gambling is a scam. And given who plays, this is one of the most regressive taxes in the nation.

Lopsided Recovery: The Economy Is Rebounding ... Only Just for the Rich

Posted on Mar 30, 2012, Source: Robert Reich's Blog

Almost all the economic gains made recently went to the top 10 percent, and the lion's share to the top 1 percent.

The Widening Wealth Divide, and Why We Need a Surcharge on the Super Wealthy

Posted on Mar 13, 2012, Source: Robert Reich's Blog

Ordinary Americans watch home values drop as the superwealthy receive stock price windfalls, adding to the already obscene concentration of wealth at the top.

The Sad Race for Bottom on the Loony Right

Posted on Feb 27, 2012, Source: Robert Reich's Blog

As Santorum and Romney battle for the extremist vote, progressives should be worried, not gloating.

Jobs Won't Come Back to America Until the Government Pushes Greedy Corporate Executives to Invest at Home

Posted on Jan 23, 2012, Source: Robert Reich's Blog

Without bold government action on behalf of our workforce, good American jobs will continue to disappear.

The Great Republican Crackup: How Angry, White, Southern Men Took Over the GOP and Made Our Government Into a War Zone

Posted on Dec 21, 2011, Source: Robert Reich's Blog

The GOP's radicalism is dangerous for America. We need two political parties solidly grounded in the realities of governing.

Wall St's Latest Shameless Ploy to Fleece You

Posted on Dec 10, 2011, Source: Robert Reich's Blog

The industry's effort to overturn new regulations could push public anger past the point of no return.

The Sick Social Darwinism Driving Modern Republicans

Posted on Dec 6, 2011, Source: Robert Reich's Blog

As a country, we've rejected the notion that each of us is on his or her own in a competitive contest for survival. Republicans want to bring Social Darwinism back.

Washington vs the Rest of America: When Will Politicians Realize the 99% Demand a Just System, Not Cynical Tinkering at the Edges?

Posted on Nov 4, 2011, Source: Robert Reich's Blog

Deficit hawks, Republicans, diffident Democrats, well-coiffed lobbyists, and their Wall St. patrons haven't a clue or couldn't care less.

The Austerity Death-Trap: How Ron Paul and Other Republicans' Spending Cuts Will Permanently Tank the Economy

Posted on Oct 19, 2011, Source: Robert Reich's Blog

Republican candidates are all calling for major spending cuts starting as soon as possible. What are they smoking?

Will Wall Street Break with the GOP Over Government Spending to Fix the Economy?

Posted on Sep 22, 2011, Source: Robert Reich's Blog

The double-dip recession is here--and even Wall Street may soon realize the need for the government to spend to save the economy.

Make the Rich Pay More Taxes! How Obama's Pledge to Fight for a Fairer Tax Policy Sets Off the Real Battle of 2012

Posted on Sep 19, 2011, Source: Robert Reich's Blog

The really big fight -- perhaps the defining battle of 2012 -- won't be over Medicare or Obama's jobs program. It will be over whether the rich should pay more taxes.

August Job Growth Was Zero -- Our Only Hope Now Is For Obama to Be Bold With His Jobs Plan

Posted on Sep 2, 2011, Source: Robert Reich's Blog

And if, as expected, Republicans refuse to go along, take it to the people. Mobilize the public. Use the bully pulpit. That's what you have it for.

How Wealthy CEOs Are Screwing Themselves Over by Squeezing Their Workers

Posted on Aug 21, 2011, Source: Robert Reich's Blog

We're slouching toward a double dip, and the stock market is imploding, because consumers – whose spending is 70 percent of the economy – have reached their limit.

Why We Can Thank Republicans for a Double-dip Recession

Posted on Aug 5, 2011, Source: RobertReich.org

Republicans repeatedly assured the nation that once the debt-limit deal was done, the economy would bounce back. Just the opposite seems to be happening.

Why the Debt Ceiling Deal Strengthens the Radical Right and Weakens America

Posted on Aug 1, 2011, Source: Robert Reich's Blog

The deal's spending cuts increase the odds of a double-dip recession and strengthens the political hand of the radical right.

Why Are US Lawmakers Determined to Make the Jobs Crisis Worse?

Posted on Jul 26, 2011, Source: RobertReich.org

Our vicious political cycle is making the vicious economic cycle worse.

The President's Jobs Plan (Not)

Posted on Jul 12, 2011, Source: RobertReich.org

He said the economy continues to be in a deep hole, and he urged Congress to extend the temporary reduction in the employee part of the payroll tax.

Wall Street CEO's Bizarre Idea About Why the Recovery Has Stalled: Banks Are Too Regulated?

Posted on Jun 8, 2011, Source: RobertReich.org

JP Morgan Chase CEO Jamie Dimon says regulating the banks whose antics caused the recession is stalling the economy's recovery.

Why Americans Have to Work Longer Hours and Borrow to the Hilt Just to Keep Afloat

Posted on May 31, 2011, Source: RobertReich.org

The fundamental economic challenge ahead is to restore the vast American middle class.

The Republican Death Wish: The 2012 Election Is Going to Be All About Medicare

Posted on May 26, 2011, Source: RobertReich.org

Polls show an overwhelming majority of Americans -- even a majority of Republican voters -- want to preserve Medicare.

Paul Ryan Still Doesn't Get It: The GOP Loss in NY-26 Was About His Medicare-Destroying Budget

Posted on May 25, 2011, Source: RobertReich.org

Ryan blames Tuesday's upset in New York on Democratic "scare tactics." But senior citizens really should be scared of Ryan's plan to eviscerate Medicare.

Military Contractors' Secret Sway Over Our Politics -- Does Obama Have the Guts to Make Them Disclose Their Political Spending?

Posted on May 21, 2011, Source: Robert Reich's Blog

Obama is mulling an executive order to force contractors to disclose details of their political spending. The president should issue it immediately.

The Great Switch by the Super Rich: How Wealthy Americans Started Paying So Little in Taxes

Posted on May 20, 2011, Source: RobertReich.org

Over the last four decades, tax rates on the very rich have plummeted while loopholes have gotten bigger.

Obama's Real Budget Plan (and Why It's a Huge Gamble)

Posted on Apr 18, 2011, Source: RobertReich.org

Obama has a smart idea for outflanking the GOP but by focusing the public’s attention on the budget deficit, the President is still playing on their field.

Mr. President, Medicare Isn't the Problem -- It's the Solution

Posted on Apr 14, 2011, Source: RobertReich.org

The real problem is the soaring costs of health care that lie beneath Medicare.

The Right-Wing Bullies Have Been Emboldened -- They'll Hold the Nation Hostage Unless Obama Takes a Stand

Posted on Apr 9, 2011, Source: RobertReich.org

In a few weeks the debt ceiling has to be raised. After that, next year’s budget has to be passed. The President has to take a stand, and the sooner the better.

What's Really at Stake With the GOP's Awful Budget Plan and the Coming Government Shutdown

Posted on Apr 6, 2011, Source: RobertReich.org

Although the budget plan has no chance of passage, it could be a blueprint for America's future when and if right-wing Republicans take charge.

Why We Must Raise Taxes on the Rich, ASAP!

Posted on Apr 4, 2011, Source: RobertReich.org

America's wealthiest are paying a pittance in taxes, while the country is chipping away at its central foundations to meet budget shortfalls.

The Truth About the Economy That Nobody in Washington or on Wall Street Will Admit: We're Heading Toward a Double Dip

Posted on Apr 1, 2011, Source: RobertReich.org

The economy is slowing ominously, and the booster rockets are disappearing.

GOP Governor Orders Removal of Pro-Labor Mural -- Are We Still in America?

Posted on Mar 24, 2011, Source: RobertReich.org

Maine Governor Paul LePage thinks the mural depicting the state's labor history is "not in keeping with the [Labor Department's] pro-business goals."

4 Biggest GOP Lies About Jobs (And Why Obama Must Repudiate Them)

Posted on Mar 23, 2011, Source: Robert Reich's Blog

Republicans figure if their big lies are repeated often enough, people will start to believe them.

How Democrats Can Become Relevant Again (And Rescue the Nation While They're At It)

Posted on Mar 3, 2011, Source: RobertReich.org

We can't let the Republicans try to set the working middle class against itself.

Exposing the Republicans' 3-Part Strategy to Tear the Middle Class Apart -- Let's Stop Them in Wisconsin

Posted on Feb 20, 2011, Source: RobertReich.org

GOP forces are trying to deflect attention from the growing wealth transfer to the richest 1 percent while the jobs and wages of everyone else languish.

Why Obama's Budget Sell-Out to Republicans Threatens Our Economy

Posted on Feb 14, 2011, Source: RobertReich.org

Obama's budget proposal hinges on major cuts that ensure that Republicans get to control the conversation on spending.

Stocks Are Going Up, But the Value of Your House Is Dropping -- The American Economy Is Not Making a Comeback

Posted on Feb 2, 2011, Source: RobertReich.org

The American economy isn’t back. While Wall Street’s bull market is making America’s rich even richer, most Americans continue to be mired in the housing crisis.

The Problem Is That America's Richest 1% Are Raking It in -- Not Public Employee Pensions

Posted on Jan 6, 2011, Source: Robert Reich's Blog

We can't let the conservatives pit private-sector workers against public servants -- it's a distraction from the ongoing huge wealth transfer to the richest Americans.

The GOP Is Spreading a Big Fat Lie About the Economy -- We Need Obama to Put an End to It

Posted on Jan 5, 2011, Source: Robert Reich's Blog

Only the President has the bully pulpit. But will he use it to tell the Big Truth that government is the only way we're going to get out of this mess?

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