All Robert Reich
- Erasing W
While Bill Clinton will have a starring role at the Democratic National Convention this year, his Republican counterpart, George W. Bush, won't even speak at the RNC meeting as conservatives attempt to distance themselves from the Dubya.
- Bold campaign pledge? Three weeks paid vacation for everyone.
Most Americans get only two weeks of paid vacation. A quarter don't get any at all. Obama, Romney could get votes and boost workforce.
- Mitt Romney and Obama's big ideas for saving the economy? Not this election.
Mitt Romney and Barack Obama are both banking on negative campaigning to get elected. But neither Mitt Romney nor the President are offering any new or bold ideas for rescuing the worst economy since the Great Depression.
- Big bank engineer rejects big banks. Will Obama and Romney follow?
Sandy Weill, who was instrumental in Wall Street banks becoming "too big to fail," has come out in favor of breaking up the big banks. Will one of the presidential candidates take up Weill's proposal?
- The problem: Big business doesn't care about American well-being
America isn’t educating enough of our people well enough to get American-based global companies to do more of their high-value added work here. But big American-based companies aren’t pushing this agenda, they don’t care. And that's the real problem.
- Is US democracy for sale?
Unprecedented income inequality combined with unlimited campaign contributions means that now, more than ever, the democratic process is under the influence of a small number of very wealthy people. Here's how to stop it.
- Regressives and Progressives: A new brand of partisanship
This election is not merely about Republicans versus Democrats; the larger battle is between regressives and progressives. Regressives want to take this nation backward, progressives are determined to take this nation forward.
- Read my lips: Obama not trying to spark 'class warfare'
The media and regressive Republicans seem to want Americans to believe that President Obama is proposing a tax increase on wealthy Americans. But Robert Reich disagrees, saying in fact under the plan everyone is treated exactly the same.
- Scandal of scandals: Barclays corruption probe digs up new dirt
When it comes to Wall Street, many of us suffer outrage fatigue and cynicism that nothing will ever be done to stop these abuses. The question is whether the unfolding Barclays scandal will provide enough energy to finally force a change.
- What the lousy jobs picture means for Obama's future
The US jobs situation continues to worsen. If it doesn't get better by after Labor Day, Obama really needs to start worrying.
- Big Pharma's $3 billion slap on the wrist
The Justice Department has announced a $3 billion settlement against GlaxoSmithKline for improper marketing prescription drugs in the late 1990s to the mid-2000s. It may sound like a lot of money, but really is just a drop in the bucket for Big Pharma.
- July 4th: Musings on the meaning of true patriotism
When arguing against paying their fair share of taxes, some people claim “it’s my money.” Robert Reich says such people forget it’s their nation, too. True patriotism means paying for America, it means coming together for the common good.
- Mitt Romney, Bain Capital and the New Gilded Age
The system that made Mitt Romney's fortunes at Bain Capital is the same one largely responsible for the greatest concentration of the nation’s income and wealth at the very top since the Gilded Age of the nineteenth century.
- Game changer: Justice Roberts switches teams
The Court’s majority, made possible by Chief Justice Roberts' surprise decision, has given a huge victory to the Obama administration and, arguably, the American people. The Affordable Care Act is still flawed, but it is also a milestone.
- The Supreme Court will uphold Obamacare. Here's why.
The Supreme Court can't let the public's already shaky opinion of it get any worse. If Obamacare isn't upheld, it's further evidence that the court decides according to partisan politics, rather than legal principle.
- SB 1070 and the fight over patriotism
SB 1070, the strict Arizona immigration law ruled on yesterday by the Supreme Court, is seen by many as essential to keep illegal immigrants out of the US and preserving the American way of life. Yet many of those same politicians who support SB 1070 and measures like it in the name of protecting our borders are also intent on destroying our system of government.
- Dimon in the rough: Keeping regulators off of Wall Street
The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
- Just like us: Why Republicans worry about corporate feelings
In the upside-down world of regressive Republicanism, Senator Mitch McConnell thinks proposed legislation requiring companies to disclose their campaign spending would stifle their free speech, a concept Robert Reich finds "bonkers."
- Obamacare: a compromise on the individual mandate
Most experts think that the Supreme Court will strike down the individual mandate portion of Obamacare, leaving the rest of the law intact. But if that happens, insurance companies will claim they can't insure pre-existing conditions. Is there a compromise?
- Economy's real problem? The spenders can't spend.
The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.