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Keyword: robertreich

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  • Robert Reich’s advice to Hillary Clinton: Ride the populist wave

    11/12/2014 6:16:23 PM PST · by 2ndDivisionVet · 45 replies
    MSNBC ^ | November 12, 2014 | Alex Seitz-Wald
    Former Labor Secretary Robert Reich is not running for president, but he thinks any Democrat who is – including his “old friend” Hillary Clinton – should worry about Republicans outflanking them on populism. Reich, now a professor at the University of California Berkeley, first met Hillary Clinton when she was a freshman at Wellesley and they marched in civil rights demonstrations together. He met Bill Clinton around the same time at Oxford, when they were both Rhodes Scholars. He went on to work on both of Bill Clinton’s presidential campaigns, and joined the administration. In the Clinton cabinet, he was...
  • Dems Blast the “Tricky, Little-Known Maneuver” That Passed Obamacare (Reconciliation Schadenfreude)

    10/23/2014 10:01:09 AM PDT · by 11th_VA · 39 replies
    Powerline ^ | 20 October 2014 | John Hinderaker
    Former Secretary of Labor Bob Reich, on behalf of MoveOn, warns Democrats what will happen if Republicans take control of the Senate: they may use a “tricky, little-known maneuver” to “ram through” their “right-wing policies” with only 51 votes, instead of the 60 votes “usually required” in the Senate. Here he is:Reconciliation
  • Clinton Labor Sec.: ‘Mostly white’ suburban county to blame for Detroit’s woes

    09/21/2014 2:24:32 PM PDT · by walford · 87 replies
    Michigan Capitol Confidential via EAG News ^ | September 21, 2014 | Tom Gantert
    DETROIT – In a recent Detroit Free Press op-ed, University of California-Berkeley Professor Robert Reich places the blame for the city of Detroit’s bankruptcy on the “mostly white” residents of Oakland County. Detroit-in-ruins-15“But Detroit is really a model for how wealthier and whiter Americans escape the costs of public goods they would otherwise share with poorer and darker Americans,” Reich wrote. “ … But one thing is for certain: A very large and prosperous group close by won’t sacrifice a cent — the mostly white citizens of neighboring Oakland County.” The reaction of one Oakland County official was that Reich,...
  • Robert Reich: College is a ludicrous waste of money

    09/04/2014 6:57:52 AM PDT · by SeekAndFind · 57 replies
    Salon ^ | 09/04/2014 | Robert Reichhhh
    This week, millions of young people head to college and universities, aiming for a four-year liberal arts degree. They assume that degree is the only gateway to the American middle class. It shouldn’t be. For one thing, a four-year liberal arts degree is hugely expensive. Too many young people graduate laden with debts that take years if not decades to pay off. And too many of them can’t find good jobs when they graduate, in any event. So they have to settle for jobs that don’t require four years of college. They end up overqualified for the work they do,...
  • Ex-Clinton official Robert Reich delivers lecture on greed while earning $240G to teach one class

    08/10/2014 8:56:22 AM PDT · by Hojczyk · 28 replies
    Fox News ^ | August 10,2014 | Joshua Rhett Miller
    <p>The moral crisis of our age has nothing to do with gay marriage or abortion; it’s insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Street’s continued gambling addiction, corporate payoffs to friendly politicians, and the billionaire takeover of our democracy," Reich wrote in a separate FacebookBut a professor who earns a one-percenter's income for a relatively easy workload has a tough time complaining about how unfair the economy is, according to some critics.</p>
  • Tom Steyer wants to ‘penalize people’ who add to ‘climate risk’

    07/02/2014 2:24:54 AM PDT · by markomalley · 23 replies
    Watchdog dot org ^ | 7/1/2014 | Yaël Ossowski
    Speaking in New York City last week, Wall Street billionaire Tom Steyer laid clear his vision for penalizing people whose actions may contribute to climate change.“We need to reward people whose behavior reduces climate risk and penalize people who add to it,” said Steyer “If we can get this right, I think there’s no doubt that our economy is going to continue to do very well.”He was joined by several wealthy businessmen — such as Michael Bloomberg and former bankers and government officials Hank Paulson and Robert Reich— to unveil a report from Risky Business, an economic analysis of the...
  • Former Labor secretary Reich blasts Bundy

    04/22/2014 6:45:12 PM PDT · by 2ndDivisionVet · 47 replies
    Fox News Politics ^ | April 22, 2013
    Former Clinton Labor secretary Robert Reich, now a prominent author and commentator, blasted Bundy on his Facebook page on Monday. “In what world is Cliven Bundy, the 68-year-old rancher who refuses to pay his tab for grazing cattle on federal lands, a patriot?” Reich wrote. “He drapes himself in the American flag but says ‘I don’t recognize the United States government as even existing,’ while attracting a collection of thugs with assault rifles in the Nevada desert to force the Bureau of Land Management to back down from a court-ordered confiscation of his cattle.” The comment from Reich, who now...
  • Robert Reich's Health Care Warning

    12/05/2013 6:02:41 AM PST · by Hotlanta Mike · 10 replies
    American Thinker ^ | December 5, 2013 | Jeanne C Minton
    Robert Reich, former Labor Secretary in the Clinton administration, spoke candidly about health care at UC Berkeley on October 26, 2007. In this video he reveals what an honest politician would say, but doesn't for fear of not winning an election. In part: "... [W]hat I'm going to do is I am going to try to reorganize [the American health care system] to be more amenable to treating sick people. But that means you -- particularly you young people, particularly you young healthy people -- you're going to have to pay more. And by the way, we are going to...
  • Don’t Like Obamacare? It Was the Republicans’ Idea, Says Liberal Democrat (Robert Reich)

    10/28/2013 12:14:25 PM PDT · by Olog-hai · 36 replies
    Cybercast News Service ^ | October 28, 2013 - 10:12 AM | Susan Jones
    Not a single Republican voted for the Democrats’ Affordable Care Act, but one liberal Democrat is nevertheless blaming Republicans for the system that’s debuted to so much criticism. “While Republicans plot new ways to sabotage the Affordable Care Act, it’s easy to forget that for years they’ve been arguing that any comprehensive health insurance system be designed exactly like the one that officially began October 1st, glitches and all,” said Robert Reich, who served as President Bill Clinton’s Labor Secretary. Reich says Democrats should have insisted on a single-payer system because it would have been “cheaper, simpler, and more popular.”...
  • Robert Reich predicts Obama will unilaterally lift debt ceiling rather than allow a U.S. default

    10/04/2013 9:41:04 PM PDT · by Tailgunner Joe · 83 replies
    straight.com ^ | October 04, 2013 | Charlie Smith
    One of the best-known economists in the United States says that he doesn't believe President Barack Obama will permit his country to default on its financial obligations. Robert Reich, a former secretary of labor in the Clinton administration, told the Georgia Straight in an exclusive interview that it's "simply unthinkable" for the U.S. to experience an Argentina-style collapse. "Argentina is one thing," Reich said. "The United States, though, is a central pillar of the global economy. And a default would have cataclysmic consequences for the global economy. Before we got to that point, even if the Republican Party or the...
  • Robert Reich Blames Kerry for Syria Fiasco on his Facebook Page

    09/08/2013 6:56:54 AM PDT · by PJ-Comix · 71 replies
    Facebook ^ | September 7, 2013 | Robert Reich
    The driving force behind the folly of bombing Syria is Secretary of State John Kerry. I’m told Chuck Hegel has strong reservations, as do the Pentagon’s top generals. But Kerry has no reservations at all, and has convinced the President to stake much of his second-term presidency on it. Why? It’s possible, of course, that Kerry honestly believes that a punitive military strike against Assad is necessary, and that the benefits of such a strike would outweigh the potential costs. But I suspect something else is going on. Kerry is an intelligent man, but he has a fatal flaw. He...
  • Reich: Tea Party 'Conspiracy to Undermine the Government of the United States'

    03/03/2013 8:23:55 AM PST · by Nachum · 76 replies
    Breitbart ^ | 3/3/13 | Joel B. Pollak
    Democrats and the media have accuses Tea Party favorite Sen. Ted Cruz (R-TX) of "McCarthyism" merely for posing tough questions to and about Chuck Hagel during the latter's confirmation as Secretary of Defense. Yet a recent column by former Secretary of Labor Robert Reich reveals who the real McCarthyites are in U.S. politics today, as Reich likens the Tea Party to a conspiracy "to undermine the government of the United States." Reich, who has steadfastly supported President Barack Obama's big-government, tax-and-spend agenda, wrote that the Tea Party had "infiltrated" the government at every level, and had used the budget cuts...
  • Why We Should Stop Obsessing About The Federal Budget Deficit

    11/18/2012 9:29:56 PM PST · by Beowulf9 · 40 replies
    http://robertreich.org/ ^ | November 18 2012 | Robert Reich
    wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal. Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both. Deficit reduction leads us in the opposite direction — away from jobs and growth. The reason the “fiscal cliff” is dangerous (and, yes, I know – it’s not really a “cliff” but more like a hill) is because it’s too much deficit reduction, too quickly. It would suck too much demand out...
  • Robert Reich objects when airlines use market-based pricing, but maximizes own profits

    10/31/2012 6:47:25 AM PDT · by SeekAndFind · 43 replies
    AEI ^ | 10/31/2012 | Mark Perry
    Robert Reich was relieved that he was a passenger on one of the last flights to leave NYC before the airports closed on Monday. But he’s upset that the airline had “jacked up” ticket prices to $4,000 for the last flights leaving NYC for California. Even at $4,000 per ticket, the flight was oversold by 47 passengers, and the airline then paid 47 volunteers $400 each to take a later flight, “whenever that might be.” In his own words, Professor Reich explains: Assuming that the 47 extra passengers had each paid $4,000 to get onto the plane at the...
  • Robert Reich: OBAMA IS BACK !!

    10/17/2012 8:35:46 AM PDT · by SeekAndFind · 65 replies
    Business Insider ^ | 10/17/2012 | Robert Reichhhhhhhhhhhhhhhh
    He’s back. Last night our president was articulate and forceful — in sharp contrast to his performance in the first presidential debate. He stated his beliefs. He defended his record. He told America where he wanted to take the nation in his second term. And he explained where Romney wanted to take us. For example: “Romney says he’s got a five-point plan. Governor Romney doesn’t have a five-point plan; he has a one-point plan. And that plan is to make sure that folks at the top play by a different set of rules. That’s been his philosophy in the private...
  • Robert Reich: How Romney Gets Away With So Many Lies

    08/29/2012 7:16:25 AM PDT · by SeekAndFind · 58 replies
    Business Insider ^ | 08/29/2012 | Robert Reichhhhhhhhhhhhhhhh
    “We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster. A half dozen fact-checking organizations and websites have refuted Romney’s claims that Obama removed the work requirement from the welfare law and will cut Medicare benefits by $216 billion. Last Sunday’s New York Times even reported on its front page that Romney has been “falsely charging” President Obama with removing the work requirement. Those are strong words from the venerable Times. Yet Romney is still making the false charge. Ads containing it continue to be aired. Presumably the Romney campaign continues its false...
  • Robert Reich: Romney Will Beat 'Wooden' Obama in Presidential Debates

    08/24/2012 6:11:26 PM PDT · by RobinMasters · 46 replies
    Newsmax ^ | August 25, 2012 | Newsmax Wires
    Mitt Romney has turned into such a skilled debater that he could trounce President Barack Obama in their three head-to-head encounters in the run-up to the election, former Democratic Labor Secretary Robert Reich believes. Romney “is going to be debating somebody who is not nearly as good a debater as his reputation,” Reich tells Atlantic Magazine in its September issue. He says that under live questioning, Obama “can seem kind of wooden” and “at a loss for words.” “Even if Romney is scripted and not spontaneous, he will come across as ‘on his game,’ ” Reich tells the Atlantic. “The...
  • Economists Say Minimum Wage Boost Would Help 20 Million Workers (AFL-CIO)

    07/24/2012 6:25:17 PM PDT · by Sir Napsalot · 27 replies
    AFL-CIO ^ | 07/23/2012 | Mike Hall
    A group of prominent economists today urged President Obama and congressional leaders to raise the federal minimum wage, which has been stuck at $7.25 an hour for three years. In a letter to the president and lawmakers they wrote: A higher minimum wage at this juncture will not only provide raises for low-wage workers but would provide some help on the jobs front as well. The group, including Nobel Laureate Joseph Stiglitz, a professor at Columbia University; former Labor Secretary Robert Reich; and Lawrence Mishel, president of the Economic Policy Institute (EPI), advocate a three-step raise of 85 cents a...
  • Stop with the “I inherited a bad economy” excuse, says …

    07/07/2012 1:57:20 PM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 07/07/2012 | Ed Morrissey
    For more than three years, Barack Obama has whined about having inherited a bad economy whenever data shows the consistent stagnation wrought by his economic policies. Regardless of how bad the recession is, Obamanomics has produced the worst recovery in the post-World War II period, as the data from the Minneapolis Federal Reserve shows (see update below):Conservatives ran out of patience a long time ago with the “I inherited a bad economy” excuse, but it’s not just conservatives who find themselves tired of Obama's pat response. Robert Reich scolded Obama yesterday on the pages of the Huffington Post, writing that...
  • The Stall Has Arrived (Even leftists are admitting it)

    05/05/2012 11:14:10 AM PDT · by Signalman · 44 replies
    RobertReich.org ^ | 5/4/2012 | Robert Reich
    The economy has stalled. Friday’s jobs report for April was even more disappointing than March. Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to 154,000, but that’s still abysmal relative to what’s needed). We need well over 250,000 new jobs per month in order to begin to whittle down the vast number of jobs lost in the Great Recession. At least 125,000 new jobs are necessary each month just to keep up with an expanding population of working-age people. With only 115,000 jobs in April, the hole is...
  • ROBERT REICH: Get Ready For A Obama-Clinton Presidential Ticket

    12/28/2011 6:16:11 PM PST · by blam · 116 replies
    TBI ^ | 12-28-2011 | Robert Reich
    ROBERT REICH: Get Ready For A Obama-Clinton Presidential Ticket Robert Reich Dec. 28, 2011, 7:08 PM My political prediction for 2012 (based on absolutely no inside information): Hillary Clinton and Joe Biden swap places. Biden becomes Secretary of State — a position he’s apparently coveted for years. And Hillary Clinton, Vice President. So the Democratic ticket for 2012 is Obama-Clinton. Why do I say this? Because Obama needs to stir the passions and enthusiasms of a Democratic base that’s been disillusioned with his cave-ins to regressive Republicans. Hillary Clinton on the ticket can do that. Moreover, the economy won’t be...
  • The Republican crack-up(Robert Reich weighs in on the Tea Party;)

    12/27/2011 1:59:00 PM PST · by mdittmar · 33 replies
    Chicago Tribune ^ | December 27, 2011 | Robert Reich
    With the Iowa caucuses just days away, the Republican crack-up threatens the future of the Grand Old Party more profoundly than at any time since the GOP's eclipse in 1932. That's bad for America. The crack-up isn't just Romney-the-smooth versus Gingrich-the-bomb-thrower. Not just House Speaker John Boehner, who keeps making agreements he can't keep, versus House Majority Leader Eric Cantor, who keeps making trouble he can't control. And not just the GOP establishment versus the Tea Partiers.The underlying conflict lies deep in the nature and structure of the Republican Party. And its roots are very old. As political analyst Michael...
  • The Corporate Pledge of Allegiance By Robert Reich

    11/14/2011 7:06:59 AM PST · by Responsibility2nd · 25 replies
    Nation of Change ^ | 11/09/2011 | Robert Reich
    Despite what the Supreme Court and Mitt Romney say, corporations aren’t people. (I’ll believe they are when Georgia and Texas start executing them.) The Court thinks corporations have First Amendment rights to spend as much as they want on politics, and Romney (and most of his fellow Regressives) think they need lower taxes and fewer regulations in order to be competitive.These positions are absurd on their face. By flooding our democracy with their shareholders’ money, big corporations are violating their shareholders’ First Amendment rights because shareholders aren’t consulted. They’re simultaneously suppressing the First Amendment rights of the rest of us...
  • One leftist's 'borking' remorse

    11/08/2011 4:52:45 PM PST · by Graybeard58 · 15 replies · 1+ views
    Waterbury Republican-American ^ | November 8, 2011 | Editorial
    Late last month, as America was ignoring the 24th anniversary of the Senate's rejection of conservative jurist Robert Bork to the U.S. Supreme Court, something extraordinary happened: New York Times columnist Joe Nocera admitted the borking of Judge Bork spawned today's toxic political culture. "(R)arely has a failed nominee had the pedigree — and intellectual firepower — of Bork," Mr. Nocera wrote. Judge Bork held conservative opinions, but none could be "fairly characterized as extreme." That didn't deter then-Sen. Ted Kennedy, D-Mass., who denounced "'Robert Bork's America' as a place 'in which women would be forced into back-alley abortions, blacks...
  • ROBERT REICH: The Republican Economic Plan Is An Austerity Death-Trap

    10/19/2011 3:56:09 PM PDT · by blam · 37 replies
    TBI ^ | 10-19-2011 | Robert Reich
    ROBERT REICH: The Republican Economic Plan Is An Austerity Death-Trap Robert Reich Oct. 19, 2011, 6:25 PM Ron Paul’s newly-unveiled economic plan – promising to cut $1 trillion from the federal budget in year one (presumably that means 2013) – is only slightly more ambitious than what we’re hearing from other Republican candidates. They’re all calling for major spending cuts starting fifteen months from now. What are they smoking? Can we just put ideology aside for a moment and be clear about the facts? Consumer spending (70 percent of the economy) is flat or dropping because consumers are losing their...
  • Robert Reich: You Can Officially Blame The Double Dip On The Republicans

    08/05/2011 9:00:12 AM PDT · by SeekAndFind · 46 replies
    Business Insider ^ | 08/05/2011 | Robert Reichhhhhhhhh
    John Boehner said Tuesday the Republicans got “90 percent of what we wanted” from the budget deal. So presumably he and his colleagues are willing to take responsibility for some 450 points of yesterday’s mammoth 513-point drop in the Dow Jones Industrial Average. I’m being a bit facetious – but only a bit. It’s always dangerous to read too much into one day’s move in the stock market. As we’ve learned painfully over the last several years, Wall Street investors are not entirely rational. Yet the stock sell-off – not just yesterday’s, but that of the last days – cannot...
  • Robert Reich: Don't Fall For GOP Lie: There's No Budget Crisis; There's A Job & Growth Crisis

    07/28/2011 2:36:47 PM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 07/28/2011 | Robert Reichhhhhhhhh
    A friend who’s been watching the absurd machinations in Congress asked me “what happens if we don’t solve the budget crisis and we run out of money to pay the nation’s bills?” It was only then I realized how effective Republicans lies have been. That we’re calling it a “budget crisis” and worrying that if we don’t “solve” it we can’t pay our nation’s bills is testament to how successful Republicans have been distorting the truth. The federal budget deficit has no economic relationship to the debt limit. Republicans have linked the two, and the Administration has played along, but...
  • Can Obama Pull a 'Clinton' on the GOP?

    07/15/2011 9:26:58 AM PDT · by Qbert · 23 replies
    WSJ ^ | JULY 15, 2011 | ROBERT REICH
    After a bruising midterm election, the president moves to the political center. He distances himself from his Democratic base. He calls for cuts in Social Security and signs historic legislation ending a major entitlement program. He agrees to balance the budget with major cuts in domestic discretionary spending. He has a showdown with Republicans who threaten to bring government to its knees if their budget demands aren't met. He wins the showdown, successfully painting them as radicals. He goes on to win re-election. Barack Obama in 2012? Maybe. But the president who actually did it was Bill Clinton. [Snip] It's...
  • The Truth About Robert Reich

    06/17/2011 8:31:28 PM PDT · by Beave Meister · 16 replies
    YouTube ^ | 6/17/2011
    Austrian School economist Bob Murphy responds to Robert Reich's video, "The Truth About the Economy."
  • The Truth About The Economy (More drivel by Robert Reich)

    06/16/2011 11:31:25 AM PDT · by Beave Meister · 2 replies
    YouTube ^ | 6/13/2011
    Robert Reich connects the dots on the economy, in less than 2 minutes and 15 seconds. Who knew he could draw?
  • Reich: Rich Who Resent Higher Taxes Are 'Unpatriotic'; Cenk: I'm Not Rich

    04/12/2011 5:40:04 AM PDT · by governsleastgovernsbest · 47 replies
    NewsBusters ^ | Mark Finkelstein
    We all know that since Barack Obama was elected, dissent has gone from being the highest form of patriotism, as those liberal bumper-stickers liked to remind us, to being downright unpatriotic, as we've chronicled here and here. Robert Reich has now added another item to the list of things that are unpatriotic: resenting higher taxes if you're rich. Not that Cenk Uygur has to worry. He has classified himself as "one of us," rather than a member of "the rich." But can that be right? The interesting dialogue went down on Uygurs's MSNBC show last evening. View video here.
  • Budget Deal Triggers HuffPo’s Childhood Trauma

    04/11/2011 12:19:40 PM PDT · by Walter Scott Hudson · 5 replies
    David Horowitz's NewsReal Blog ^ | April 11, 2011 | Walter Hudson
    Star Trek fans will recall the Mirror Universe, a parallel dimension where Captain Kirk and the crew of the starship Enterprise were part of an evil empire instead of the peaceful Federation. The shtick was revisited throughout the franchise and always followed the same basic premise. Everything in the Mirror Universe was precisely the opposite of our normal universe. The good guys were the bad guys. The bad guys were the good guys. Even some laws of nature were inverted. Every time I read Robert Reich, I feel as though I have crossed over into that Mirror Universe. If I...
  • Robert Reich on Taxing the Rich: That’s Where the Money Is

    04/06/2011 5:47:38 PM PDT · by Walter Scott Hudson · 7 replies
    David Horowitz's NewsReal Blog ^ | 4/5/2011 | Walter Hudson
    When asked why he had chosen to rob banks, Willie Sutton reportedly answered, "because that's where the money is." In later years, he expounded. I enjoyed it. I loved it. I was more alive when I was inside a bank, robbing it, than at any other time in my life. I enjoyed everything about it so much that one or two weeks later I'd be out looking for the next job. But to me the money was the chips, that's all. Go where the money is...and go there often.Robert Reich, former Secretary of Labor under the Clinton Administration, seems to...
  • (Robert Reich) The Truth About The Economy: We're Heading Back Toward A Double Dip

    03/31/2011 11:14:04 AM PDT · by The Magical Mischief Tour · 29 replies
    Business Insider ^ | 03/31/2011 | Robert Reich
    Why aren’t Americans being told the truth about the economy? We’re heading in the direction of a double dip – but you’d never know it if you listened to the upbeat messages coming out of Wall Street and Washington. Consumers are 70 percent of the American economy, and consumer confidence is plummeting. It’s weaker today on average than at the low point of the Great Recession. The Reuters/University of Michigan survey shows a 10 point decline in March – the tenth largest drop on record. Part of that drop is attributable to rising fuel and food prices. A separate Conference...
  • Reich To Rich: Redistribute Or Risk Angry Populace Turning On You!

    03/01/2011 5:59:31 PM PST · by governsleastgovernsbest · 50 replies
    NewsBusters ^ | Mark Finkelstein
    Nice house there, rich guy. Wouldn't wanna see nuthin' happen to it . . . Robert Reich has actually argued that the rich should welcome redistributing more of their income to prevent an angry American populace from turning on them. Clinton's former Labor Secretary made his astounding assertion on Cenk Uygur's MSNBC show this evening. View video here.
  • The economy that Palin '12 depends on (Strategy requires fear/anger of white working class)

    11/25/2010 7:58:51 PM PST · by 2ndDivisionVet · 30 replies · 1+ views
    Salon ^ | November 24, 2010 | Robert Reich
    Monday night, Sarah Palin watched from the audience as daughter Bristol danced on ABC. Twenty-three million other Americans joined her from their homes. Tuesday, the former vice-presidential candidate started a 13-state book tour for her new book, “America By Heart,” which has a first printing of 1 million. Her reality show on TLC, “Sarah Palin’s Alaska,” is in its third week. Last Sunday she was the cover story in the New York Times magazine. It’s all part of The Palin Strategy for becoming president in 2012 — or 2016 or 2020. Republican leaders don’t believe it. “If she wanted the...
  • Robert Reich: Why Business Should Fear the Tea Party

    10/29/2010 7:20:24 AM PDT · by SeekAndFind · 43 replies
    Wall Street Journal ^ | 10/29/2010 | Robert B. Reichhhhhhhhh
    CEOs who complain about uncertainties caused by President Obama's policies aren't going to be happy about a new crop of congressman seeking to abolish the Fed. America's business leaders have not exactly shied away from offering political views. Verizon CEO Ivan Seidenberg has accused President Obama of creating a hostile environment for investment and job-creation, while General Electric's Jeff Immelt says the administration is out of sync with entrepreneurs. All of which makes particularly curious the deafening silence of business leaders about the tea party that's now taking over the GOP and about to take over a chunk of Congress....
  • How to End the Great Recession (Robert Reich)

    09/03/2010 5:20:25 AM PDT · by reaganaut1 · 45 replies
    New York Times ^ | September 2, 2010 | Robert Reich
    ... What else could be done to raise wages and thereby spur the economy? We might consider, for example, extending the earned income tax credit all the way up through the middle class, and paying for it with a tax on carbon. Or exempting the first $20,000 of income from payroll taxes and paying for it with a payroll tax on incomes over $250,000. In the longer term, Americans must be better prepared to succeed in the global, high-tech economy. Early childhood education should be more widely available, paid for by a small 0.5 percent fee on all financial transactions....
  • Reich: We’re in One-and-a-Half Dip Recession(the midget in debt-mongering mode)

    07/23/2010 6:21:54 AM PDT · by TigerLikesRooster · 14 replies · 1+ views
    Money News ^ | 07/22/10 | Dan Weil
    Reich: We’re in One-and-a-Half Dip Recession Thursday, 22 Jul 2010 02:11 PM Article Font Size By: Dan Weil The economy needs more fiscal and monetary stimulus to avoid falling back into recession, says economist Robert Reich. “We’re not in a double-dip recession yet. We’re in a one-and-a-half-dip recession,” he wrote in a column on Business Insider. Retail sales, home sales, housing starts and consumer confidence are dropping, Reich says. Only inventories and loan defaults are rising. “The 1.5-dip recession should be causing alarm bells to ring all over official Washington,” wrote Reich, who served in three national administrations and was...
  • Robert Reich is Clueless

    07/12/2010 12:33:34 PM PDT · by Kaslin · 28 replies
    Townhall.com ^ | July 12, 2010 | Bruce Bialosky
    You may remember Robert Reich -- he served as Secretary of Labor during Bill Clinton’s first term. Mr. Reich has fashioned himself as an economist since he left that lofty federal post, and he frequently leads the argument for positions on the left wing of the Democratic Party while attempting to present himself as a man of reason. He has once more pontificated the left-wing position on the problems of our stagnant economy and thereby shows how lost the left continues to be regarding a free-market economy. Reich is certainly a smart man, a very educated man and a very...
  • Economics is Hard. Don’t Let Bloggers Tell You Otherwise

    07/03/2010 6:43:19 AM PDT · by 1rudeboy · 162 replies · 1+ views
    scribd.com ^ | June 17, 2010 | Kartik Athreya
    Abstract In this essay, I argue that neither non-economist bloggers, nor economists who portray economics —especially macroeconomic policy— as a simple enterprise with clear conclusions, are likely to contibute any insight to discussion of economics and, as a result, should be ignored by an open-minded lay public. The following is a letter to open-minded consumers of the economics blogosphere. In the wake of the recent financial crisis, bloggers seem unable to resist commentating routinely about economic events. It may always have been thus, but in recent times, the manifold dimensions of the financial crisis and associated recession have given fillip...
  • Video: There He Goes Again! Robert Reich Says US Gov't Should Take Over British Petroleum

    06/14/2010 7:52:45 PM PDT · by NY Hockey Mom · 37 replies · 404+ views
    The Lonely Conservative ^ | 6/14/10 | The Lonely Conservative
    ABC's This Week. Donna Brazile said that the dividends British Petroleum pays to shareholders should be put in escrow until all of the oil spill claims are paid. Uber-statist Robert Reich chimed in that the United States government should take it further, and take over British Petroleum through temporary receivership. Disregarding the fact that the British might see that as a hostile act, someone needs to explain to these people that if the incompetent federal government takes over there won't be anything left to pay the claims. George Will did his best, but really, there's no talking to these statists.
  • America tells Barack Obama to take control of Deepwater – and seize BP

    06/05/2010 10:12:27 PM PDT · by Brugmansian · 86 replies · 1,935+ views
    The Guardian ^ | Sunday 6 June 2010 | Andrew Clark
    Across the US, cries of "seize BP" are growing louder, putting pressure on President Barack Obama to slam his fist harder into Britain's crisis-stricken oil multinational . . . The Answer Coalition, a campaign group that grew out of opposition to the Iraq war, has organised a week of demonstrations in 29 US cities demanding a seizure of BP's assets. And the former labour secretary Robert Reich, who served under President Clinton, wants BP's American operations to be taken into temporary government receivership . . . "This is a national emergency," Reich told the Observer. "It's simply untenable for a...
  • Reich: Crumbling Labor Market Pulling US Back Into Recession(rips census worker gimmick)

    06/04/2010 11:07:14 PM PDT · by TigerLikesRooster · 51 replies · 1,444+ views
    Money News ^ | 06/04/10 | Frank McGuire
    Reich: Crumbling Labor Market Pulling US Back Into Recession Friday, 04 Jun 2010 04:10 PM By: Frank McGuire Economist Robert Reich said the United States is sliding into a double-dip recession because the labor market continues to deteriorate. “The private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth,” he wrote on his website. The average length of unemployment continues to increase, rising to 34.4 weeks, up from 33 weeks in April. /snip “The only reason the economy isn't in a double-dip...
  • IT'S OFFICIAL: We're Falling Into A Double-Dip Recession

    06/04/2010 8:26:50 AM PDT · by blam · 85 replies · 1,910+ views
    The Business Insider ^ | 6-4-2010 | Robert Reich
    IT'S OFFICIAL: We're Falling Into A Double-Dip Recession Robert Reich Jun. 4, 2010, 10:52 AM We’re falling into a double-dip recession. The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. (The vast bulk of new jobs in May were temporary government Census workers.) But at least 100,000 new jobs are needed every month just to keep up with population growth. In other words, the labor market continues to deteriorate. The average length of unemployment continues to rise – now up to 34.4 weeks (up from 33 weeks in April). That’s...
  • Fmr Sec of Labor Robert Reich Has No Idea how Unemployment Insurance is funded

    06/02/2010 6:20:18 PM PDT · by Serious Capitalist · 25 replies · 769+ views
    The New York Times ^ | June 2, 2010 | ROBERT B. REICH
    LAST year was a fabulous one for entrepreneurs, at least according to the Kauffman Index of Entrepreneurial Activity released last month by the Ewing Marion Kauffman Foundation. “Rather than making history for its deep recession and record unemployment,” the foundation reported, “2009 might instead be remembered as the year business startups reached their highest level in 14 years — even exceeding the number of startups during the peak 1999-2000 technology boom.” Another surprise is the age of these new entrepreneurs. According to the report, most of the growth in startups was propelled by 35- to 44-year-olds, followed by people 55...
  • Investor's Business Daily : About the VAT Tax, Robert Reich Is Right

    04/13/2010 6:54:49 AM PDT · by SeekAndFind · 9 replies · 483+ views
    Taxes: Former Labor Secretary Robert Reich is about as liberal as they come. Yet even he gets the obvious truth of a VAT: When added to other taxes, it would fall hardest on the poor. Clinton's labor guy is now comfortably ensconced as a professor at Berkeley. The nine books he has written have basically helped delineate liberal thinking since the late 1970s. Yet while many in his party, the Democrats, now yearn for a value-added tax (in addition to our current income tax) as a way to raise money to pay down the estimated $12 trillion in deficits over...
  • George Will Hits The Nail on the Head, Robert Reich's Head

    03/07/2010 5:13:15 PM PST · by Shellybenoit · 41 replies · 242+ views
    The Lid/ABC News/Newsbusters ^ | 3/7/2010 | The Lid
    For the second week in a row George Will made mincemeat out of a liberal apologist for Obamacare. Last week it was Paul Krugman, this week, Robert Reich former Secretary of Labor under Bill Clinton, co-founder of American Prospect Magazine and advocate of health care rationing. In a September 2007 speech to an audience at the UC Berkeley, Reich was quoted saying, "We're going to have to, if you're very old, we're not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another...
  • Fact Check: Reich Claims Non-Existent Fox News Led Conservative Charge in 1994

    01/27/2010 6:41:15 AM PST · by kingattax · 89 replies · 3,059+ views
    Big Journalism ^ | Jan 26th 2010 | Frank Ross
    Former Obama economic advisor, Clinton Secretary of Labor, and Berkely Prof. Robert Reich claimed yesterday in his column at Salon.com that Fox News played a role in the conservative resurgence of 1994: In December 1994, Bill Clinton proposed a so-called middle-class bill of rights including more tax credits for families with children, expanded retirement accounts, and tax-deductible college tuition. Clinton had lost his battle for healthcare reform. Even worse, by that time the Dems had lost the House and Senate. Washington was riding a huge anti-incumbent wave. Right-wing populists were the ascendancy, with Newt Gingrich and Fox News leading the...
  • Robert Reich Invents Lame 'Out of Context' Excuse to Explain Away Brutal Health Care Truths

    10/16/2009 6:32:17 PM PDT · by PJ-Comix · 10 replies · 1,012+ views
    NewsBusters ^ | October 16, 2009 | P.J. Gladnick
    Robert Reich has finally responded to the audio of him telling "brutal truths" to an audience at Berkeley which your humble correspondent chronicled here in NewsBusters on Tuesday. Here are the gems delivered up by Reich as to what he claims an honest candidate for president would say about health care if he didn't worry about getting elected: "We're going to have to, if you're very old, we're not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another couple of months. It's...