Link reblogged from Robert Reich with 128 notes
Robert Reich: How Austerity Is Ushering in a Global Recession →
Not only is the United States slouching toward a double dip, but so is Europe. New data out today show even Europe’s strongest core economies – Germany, France, and the Netherlands – slowing to a crawl.
We’re on the cusp of a global recession.
Policy makers be warned: Austerity is the wrong…
Source: robertreich
Link reblogged from Robert Reich with 155 notes
Robert Reich: The Dangerous Hi-Jinks of the GOP's Juveniles →
I’ve spent enough of my life in Washington to take its theatrics with as much seriousness as a Seinfeld episode. A large portion of what passes for policy debate isn’t at all — it’s play-acting for various constituencies. The actors know they’re acting, as do their protagonists on the other side…
Source: robertreich
Link reblogged from Robert Reich with 80 notes
Robert Reich: The Oil Company Gusher →
Exxon-Mobil’s first quarter earnings of $10.7 billion are up 69 percent from last year. That’s the most profit the company has earned since the third quarter of 2008 — perhaps not coincidentally, around the time when gas prices last reached the lofty $4 a gallon.
This gusher is an embarrassment…
Source: robertreich
Link reblogged from Robert Reich with 170 notes
Robert Reich: Why We Must Raise Taxes on the Rich →
It’s tax time. It’s also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.
Here’s the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in…
Source: robertreich
Link reblogged from Robert Reich with 170 notes
Robert Reich: Why We Must Raise Taxes on the Rich →
It’s tax time. It’s also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.
Here’s the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in…
Source: robertreich
Link reblogged from Robert Reich with 90 notes
Robert Reich: Paul Ryan's Plan, the Coming Shutdown, and What's Really at Stake →
I was there in 1995 when the government closed because of a budget stalemate. I had to tell most of the Labor Department’s 15,600 employees to go home and not return the next day. I also had to tell them I didn’t know when they’d next get a paycheck.
There were two shutdowns, actually, rolling…
Source: robertreich
Link reblogged from Robert Reich with 235 notes
Robert Reich: How Democrats Can Become Relevant Again (And Rescue the Nation While They're At It) →
Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to two.
This is what passes for compromise in our nation’s capital.
Democrats have become irrelevant. If they want to be relevant again they…
Source: robertreich
Link reblogged from Robert Reich with 138 notes
Robert Reich: The Coming Shutdowns and Showdowns: What's Really at Stake →
Wisconsin is in a showdown. Washington is headed for a government shutdown.
Wisconsin Governor Scott Walker won’t budge. He insists on delivering a knockout blow to public unions in his state (except for those, like the police, who supported his election).
In DC, House Republicans won’t…
Source: robertreich
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