Robert Reich

Pyromaniacs on the Potomac: The Problem With Obama’s Second Term

Pyromaniacs on the Potomac: The Problem With Obama’s Second Term

May 18, 2013 12:45 pm
by Robert Reich Six months into a second term and the Obama White House is on the defensive and floundering: Benghazi, the IRS’s investigations of right-wing groups, the...

Posts Tagged ‘Robert Reich’

The Fed, Apple and Trickle-Down Economics

by Robert Reich The Fed’s policy of keeping interest rates near zero is another form of trickle-down economics.  For evidence, look no further than Apple’s decision to borrow a whopping $17 billion and turn it over to its investors in the form of dividends and stock buy-backs. Apple is already sitting on $145 billion. But with interest [...]

Public Debt and Economic Growth

by Robert Reich In the election of 1952 my father voted for Dwight Eisenhower. When I asked him why he explained that “FDR’s debt” was still burdening the economy — and that I and my children and my grandchildren would be paying it down for as long as we lived.  I was only six years [...]

Earth to Washington: Repeal the Sequester

by Robert Reich Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this morning (in the Commerce Department’s report) it grew only 2.5 percent. That’s better than the 2 percent growth last year and the slowdown at the [...]

Why This Is the Worst Recovery on Record

by Robert Reich The biggest economic debate is between Keynesians (who want more government spending and lower interest rates in order to fuel demand) and supply-side “austerics” (who want lower taxes on the wealthy and on corporations to boost incentives to hire and invest, and who see government deficits crowding out private investment). But both [...]

The Dis-Uniting of America

by Robert Reich We come together as Americans when confronting common disasters and common threats, such as occurred in Boston on Monday, but we continue to split apart economically. Anyone who wants to understand the dis-uniting of America needs to see how dramatically we’re segregating geographically by income and wealth. Today I’m giving a Town [...]

Bi-Partisanship We Don’t Need: The President Offers to Cut Social Security and Republicans Agree

by Robert Reich John Boehner, Speaker of the House, revealed why it’s politically naive for the President to offer up cuts in Social Security in the hope of getting Republicans to close some tax loopholes for the rich. “If the President believes these modest entitlement savings are needed to help shore up these programs, there’s [...]