How Romney Keeps Lying Through His Big White Teeth By Robert Reich
Tuesday August 28, 2012
“We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster.
Presumably the Romney campaign continues its false claims because they’re effective. But this raises a more basic question: How can they remain effective when they’ve been so overwhelmingly discredited by the media?
The answer is the [...]
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By Robert Reich ||
Today Ben Bernanke added his voice to those who are worried about Europe’s debt crisis.
But why exactly should America be so concerned? Yes, we export to Europe – but those exports aren’t going to dry up. And in any event, they’re tiny compared to the size of the U.S. economy.
If you want the real reason, follow the money. A Greek (or [...]
By Robert Reich ||
The Reverend Al Sharpton and various labor unions have announced a March for Jobs. But I’m afraid we’ll need more than marches to get jobs back.
Since the start of the Great Recession at the end of 2007, America’s potential labor force – that is, working-age people who want jobs – has grown by over 7 million. But since then, the number [...]
By Robert Reich |
Seems like only yesterday conservative nabobs of negativity predicted America’s ballooning budget deficit would generate soaring inflation and crippling costs of additional federal borrowing.
Remember Standard & Poor’s downgrade of the United States? Recall the intense worry about investors’ confidence in government bonds — America’s IOUs?
Last week ten-year yields on U.S. Treasuries closed at 1.83 percent.
In other words, they were wrong.
|| — By Robert Reich — September 22, 2011 ||
The Dow Jones Industrial Average dropped another 3 percent today as Wall Street metabolized the truth most Americans already know: We’re in a recession. The “double dip” has arrived.
Most Americans never really emerged from the Great Recession anyway.
We can get out of this recession but not via the Fed’s “quantitative easing” alone. When consumers can’t spend and [...]
|| — By Robert Reich — September 19, 2011 ||
So the really big fight, perhaps the defining battle of 2012, won’t be over Medicare. It won’t even be over Obama’s jobs program.
It will be over whether the rich should pay more taxes.
The President has vowed to veto any plan to tame the debt that doesn’t increase taxes on the rich. The Republicans have vowed to [...]
– By Robert Reich –
We now live in parallel universes.
One universe is the one in which most Americans live. In it, almost 15 million people are unemployed, wages are declining (adjusted for inflation), and home values are still falling. The unsurprising result is consumers aren’t buying — which is causing employers to slow down their hiring and in many cases lay off more of their workers. [...]
Robert Reich Explains it all in minutes…