What Today’s US Job Numbers Mean

robert-reich

The economy added only 120,000 jobs in March – down from the rate of more than 200,000 in each of the preceding three months. The rate of unemployment dropped from 8.3 to 8.2 percent mainly because fewer people were searching for jobs – and that rate depends on how many people are actively looking. It’s [...]

US 2012: Stop Starving Public Universities and Shrinking the Middle Class

robert reich

Last week Rick Santorum called the President “a snob” for wanting everyone to get a college education (in fact, Obama never actually called for universal college education but only for a year or more of training after high school). Santorum needn’t worry. America is already making it harder for young people of modest means to [...]

Manufacturing Illusions

robert-reich

Suddenly, manufacturing is back – at least on the election trail. But don’t be fooled. The real issue isn’t how to get manufacturing back. It’s how to get good jobs and good wages back. They aren’t at all the same thing. Republicans have become born-again champions of American manufacturing. This may have something to do [...]

The Sad Spectacle of Obama’s Super PAC

robert-reich

It has been said there is no high ground in American politics since any politician who claims it is likely to be gunned down by those firing from the trenches. That’s how the Obama team justifies its decision to endorse a super PAC that can raise and spend unlimited sums for his campaign. Baloney. Good [...]

Stimulus vs. Austerity: An Unsettled Debate

Steven Hill

Many nations try both: “Aust-imulus?” Few subjects have so bitterly divided our insecure times than the double-edged saber of stimulus vs. austerity. Consensus over which course will lift the current economic malaise has eluded the dueling experts. Without clearer signals of success, many nations have tried a confused mix of both – let’s call it [...]

Republican Politics and the Unemployment Conundrum

david_coates

In Lewis Carroll’s Alice’s Adventures in Wonderland, the world discovered by Alice was one in which every aspect of reality was inverted. Big things were small. Small things grew big. The Cheshire cat faded into a grin. One side of a mushroom made you grow. The other made you shrink. It was also a world [...]

Free Enterprise on Trial

robert-reich

Mitt Romney is casting the 2012 campaign as “free enterprise on trial” – defining free enterprise as achieving success through “hard work and risking-taking.” Tea-Party favorite Senator Jim DeMint of South Carolina says he’s supporting Romney because “we really need someone who understands how risk, taking risk … is the way we create jobs, create [...]

Mitt Romney and the Bain of Capitalism

robert reich

It’s one thing to criticize Mitt Romney for being a businessman with the wrong values. It’s quite another to accuse him and his former company, Bain Capital, of doing bad things. If what Bain Capital did under Romney was bad for society, the burden shifts to Romney’s critics to propose laws that would prevent Bain [...]

My Political Prediction for 2012: It’s Obama-Clinton

robert-reich

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 [...]

An Offer to President Obama

robert reich

Mr. President, we heard what you said last week in Kansas – about the dangers to our economy and democracy of the increasing concentration of income and wealth at the top. We agree.  And many of us are prepared to work our hearts to get you reelected – as long as you commit to doing what [...]

Abbas’ Zionist Strategy

annen

Writing about the Israeli-Palestinian conflict is beginning to get mind numbing. 18 years have passed since the signing of the Oslo Accords in the White House Rose Garden, and still no Palestinian state has been recognised. Perhaps the most frustrating aspect of this epic drama is the fact that the intellectual groundwork for a political [...]

Wall Street is Still Out of Control

robert reich

… and why Obama should call for Glass-Steagall and a breakup of big banks Next week President Obama travels to Wall Street where he’ll demand – in light of the Street’s continuing antics since the bailout, as well as its role in watering-down the Volcker rule – that the Glass-Steagall Act be resurrected and big [...]