Robert Reich: Even the Democrats are pretty dependent on some of those same sources: Wall Street and big corporations… So, where are the people? And who's representing you and me?
The Daily Show airs Monday through Thursday at 11/10c.
Tags: Books, Economy, Jon Stewart, Money, Robert Reich, Taxes, The Daily Show, Video
Robert Reich Will Explain the Public Option to You If You'll Just Stop Screaming (So, Don't Stop Screaming)
Here's Robert Reich attempting to explain that "public option" thing.
I didn't watch it, as I'm pretty sure the "public option" is some kind of dystopian newspeak word for genociding old people, conservatives and people who have D&D manuals hidden under their bed (I won't tell you which one of those groups I fall into), and I'd rather take a critical hit from an Owlbear than support that kind of thing.
Tags: Health Care, Robert Reich
Minimum Balance Of Doom: The Banking Wars continue! According to Robert Reich, the next crisis that could plunge us all into the Hobopocalypse will be over the Great American Credit Card. [prospect.org]
The Two Mouths Of Nancy: Jennifer Rubin calls Speaker of the House Nancy Pelosi out. It seems Nancy hasn't always been against "waterboarding." Which, c'mon, is just a forced, violent, terrifying little bath. [commentarymagazine.com]
Tags: Nancy Pelosi, Robert Reich, The Blog Hole, Torture
The good news is that Robert Reich says that we are no longer in a recession!
The bad news is that, according to him, we're now in a depression…
All this means that the real economy will need a larger stimulus than the $787 billion already enacted. To be sure, only a small fraction of the $787 billion has been turned into new jobs so far. The money is still moving out the door. But today's bleak jobs report shows that the economy is so far below its productive capacity that much more money will be needed.
This is still not the Great Depression of the 1930s, but it is a Depression. And the only way out is government spending on a very large scale. We should stop worrying about Wall Street. Worry about American workers. Use money to build up Main Street, and the future capacities of our workforce.
You should look at the positive aspects of this. Like, for example,you no longer have to worry about whether or not the country will fall into a depression.
Also, this is the perfect opportunity for you to see the country the way it was meant to be seen: from the inside of a box car.
(via Planet Money)
Tags: Economy, Recession, Robert Reich