Former Labor Secretary Robert Reich writes today:The basic assumption that jobs will eventually return when the economy recovers is probably wrong. Some jobs will come back, of course. But the reality that no one wants to talk about is a structural cha…
Posts Tagged ‘Robert Reich’
Robert Reich: “Shame Won’t Work. Only Political Muscle and Courage Will”
Obama is planning to “shame” the big banks who are not agreeing to modify mortgages.This is a repeat of Bernanke’s play book … scold the giant banks for failing to lend, but then give them a pat on the back and a wink.As Robert Reich points out:Shame…
Simon Johnson and Robert Reich: Use Antitrust Laws to Break Up Too Big to Fails
I have previously argued that we should use antitrust laws to break up the too big to fails.Since I made that argument, economists Simon Johnson and Robert Reich have both said the same thing.Specifically, former head IMF economist Simon Johnson wrote:…
Reich Joins Those Calling for an End of “Too Big to Fail”
Economics professor and former Labor Secretary Robert Reich today joined the growing ranks of top economists calling for an end to the too big to fail concept:Visit msnbc.com for Breaking News, World News, and News about the EconomyIf you don’t have ti…
6 Senators – Who Together Only Represent 2.6 Percent of Americans – Are Deciding the Fate of Health Care
Former Secretary of Labor Robert Reich notes:It’s come down to these six senators. The House has reported a bill as has another Senate committee, but all eyes are fixed on Senate Finance — and on these three Dems and three Republicans, in particular. …
The Truth About Unemployment
The mainstream news is citing the decline in unemployment from 9.5% to 9.4% in July as proof that the economy is stabilizing.But is that true?Distortions in the NumbersWell, as the New York Times pointed out in July: Include [those who have given up lo…
Paula Crossfield: Healthcare and Food Policy: Part of the Same Conversation
As President Obama ratchets up the pressure this week on Congress to vote on healthcare reform before the summer recess, it must be noted that…
Arianna Huffington: Shattering the Right vs. Left Prism Once Again: The Wall Street Journal Goes After Goldman and the Bank Bailout
Reading the opinion section of the Wall Street Journal this morning is convincing proof that those who want a progressive financial policy and those who simply want to save capitalism are in agreement about the madness of the administration’s Wall Street policies. There, on the editorial page of the capitalist Bible, was a piece taking repeated shots at Wall Street darling Goldman Sachs. And, over on the opposite page, a two-fisted op-ed by former hedge-fund manager Andy Kessler in which he labels the government bailout of Wall Street “a dumb move” and “a bust.” We’ve now reached the point where the only people defending the administration’s Wall Street policies are the people benefiting from them — or their good friends, Tim Geithner and Larry Summers.



