Robert Reich, former Secretary of Labor to Bill Clinton (previously), published a beautiful open letter to Bernie Sanders setting out the senator's accomplishments and legacy. Read the rest
Robert Reich (previously), Bill Clinton's Secretary of Labor, asks "Why did the white working class abandon the Democrats?" and answers himself: it's partly about race, but it's mostly about finance. Read the rest
Robert Reich, who served as Bill Clinton's Secretary of Labor, chairs Common Cause, and wrote such bestsellers as Beyond Outrage, answers six of the most common objections to raised by "Bernie skeptics" who don't believe Bernie Sanders could win the presidential race. Read the rest
America boasts a collection of one-of-a-kind policies that send wealth from the poor to the rich: the lack of competition in cable operators gives Americans some of the most expensive Internet anywhere; the rules permitting pharma companies to pay generics companies not to make cheaper versions of off-patent drugs gives Americans the most expensive pharmaceuticals in the world. Read the rest
The Koch brothers give a lot of money to universities, but on the condition that they get to approve the economics faculty. They give to public television, but only if they can cancel the airing of documentaries on climate change. They're not the only ones. Read the rest
Starting about an hour ago, former Secretary of Labor Robert Reich is answering pretty much whatever questions people pose him on Reddit. Among the gems:
evasilev: What is the top priority policy change you would like to see outlined in Obama's upcoming policy speech to Congress?
Robert Reich: It will be a hard sell, but when consumers (whose spending is 70 percent of the economy) won't spend, and businesses (who are facing lackluster sales) won't hire, government has to be the spender of last resort. The President should ask for a trillion dollars to boost the economy. Not just on the WPA and CCC I mentioned, also infrastructure investment, also loans to cash-starved states and localities. With 25 million Americans looking for full-time work, and the cost of borrowing so incredibly low (T-bills at 2 percent), this is the only responsible thing to do.
patefacio: How is Clinton on a personal level? He looks like he'd be a great guy to have a beer with.
Robert Reich: I've known him since he was 22. At Oxford, as grad students, we didn't inhale together.
I thought about asking him if he'd like to join me for dinner this weekend, but I chickened out.
I'm Robert Reich, former Secretary of Labor, author, and professor of public policy at Berkeley. AMA. Read the rest