Robert Reich: UNDERSTANDING THE FISCAL CLIFF

Published on Nov 30, 2012 by karinmoveon

Acclaimed author, Berkeley professor, and Clinton-era Secretary of Labor Robert Reich lays out the what, why and how of the Fiscal "Cliff", the showdown in Congress that Republicans created to demand painful cuts in vital domestic programs in exchange for raising taxes on the top 2%. Learn the facts, and the best way out of this forced showdown.

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Robert Reich: The Romney-Ryan Economic Plan

Reich is right.the europeans tried austerity instead on increasing government spending which is the the basis of Keynesian economics. The euros fell flat on their faces. 

The GOP can be expected to cut people programs like Social Security and Medicare if Mittens is elected 

Mittens would also  increase military spending that benefits a small sector of Americans. Romney  has already indicated that military spending would not be cut. 

Published on Aug 20, 2012 by karinmoveon

Director / Producer: Jacob Kornbluth
Camera: Rick Symonds
Camera: Oliiver Elliott
Teleprompter: Mike Fleming

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Robert Reich: Why taxes need to be raised on the rich

Published on Jun 6, 2012 by karinmoveon

Raising taxes on the affluent is a no brainer. Most of these folks live on investments in the stock market and that is not the engine that drives jobs.

After world War 2 income tax on the most affluent Americans was 91 per cent. It was was then dropped to 70 pr cent under Kennedy and 50 per cent under Reagan. Reagan lowered it to 28 per cent in his second term. Clinton increased the rate to nearly 40 per cent and Bush dropped it to 35 per cent.



Bill Gates suggested that raising the tax rate to 50 per cent for top earning Americans. This would help with deficit reduction, fund another economic stimulus and curtail the flow of wealth form the middle calls to the most affluent Americans.

Unequal income in a country in measured by the GINI coefficient. the CIA indicates the UD GINI index. was .486 in the late 2000s. As the index approaches .50, the potential for social instability increases.

See http://www.outsidethebeltway.com/history-of-american-income-tax-rates/top-marginal-tax-rate/

This may explain both the Tea Party and OWS movements.

The Republicans can put their head in the sand on taxes for higher earning Americans, but social instability will be the eventual outcome.


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Al Jazeera English:The downward mobility of the US middle class

by Robert Reich

Robert Reich

"Berkeley, CA - January's increase in hiring is good news, but it masks a bigger and more disturbing story - the continuing downward mobility of the middle class in the US.

Most of the new jobs being created are in the lower-wage sectors of the economy - hospital orderlies and nursing aides, secretaries and temporary workers, retail and restaurant. Meanwhile, millions of US workers remain in jobs only because they've agreed to cuts in wages and benefits. Others are settling for jobs that pay less than the jobs they've lost. Entry-level manufacturing jobs are paying half what entry-level manufacturing jobs paid just six years ago.

Other people are falling out of the middle class because they've lost their jobs, and many have also lost their homes. Almost one in three families with a mortgage is now metaphorically underwater, holding their breath against imminent foreclosure."

See the compelte article at: The downward mobility of the US middle class - Opinion - Al Jazeera English

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Robert Reich: Progressives v.Regressives

Robert Reich

"Progressives believe in openness, equal opportunity, and tolerance. Progressives assume we're all in it together: We all benefit from public investments in schools and health care and infrastructure. And we all do better with strong safety nets, reasonable constraints on Wall Street and big business, and a truly progressive tax system. Progressives worry when the rich and privileged become powerful enough to undermine democracy.

Regressives take the opposite positions.

Eric Cantor, Paul Ryan, Rick Perry, Michele Bachmann and the other tribunes of today's Republican right aren't really conservatives. Their goal isn't to conserve what we have. It's to take us backwards.

They'd like to return to the 1920s -- before Social Security, unemployment insurance, labor laws, the minimum wage, Medicare and Medicaid, worker safety laws, the Environmental Protection Act, the Glass-Steagall Act, the Securities and Exchange Act, and the Voting Rights Act.

In the 1920s Wall Street was unfettered, the rich grew far richer and everyone else went deep into debt, and the nation closed its doors to immigrants." 

Rightardia: Sound familiar? But the people during the depression understood the politics of the day. Many Americans today seem willfully ignorant today about the real causes of American problems. 

Mitt Romney wants the evil empire back with a large overseas military presence. Herman Cain is pushing a regressive tax plan. John McCain wants to protect   the 40 per cent increase in defense spending since 911 which is pushing the nation into insolvency.  

Many economists suggest that more than 90 per cent of the deficit was caused by an assortment of nearly 60 wars and contingencies the US started since World War 2. 

See the rest of the article at: 
http://www.huffingtonpost.com/robert-reich/gop-ideals_b_1014396.html

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Huffington Post: Why Bill Clinton's Favorable View of Obama's Tax Deal Should Be Disregarded

Robert Reich:  Fmr. Secretary of Labor; Professor at Berkeley; Author, Aftershock: 'The Next Economy and America's Future'

December 11, 2010 02:06 PM

Bill Clinton seems the perfect validator for Barack Obama -- which is why the president is utilizing the former president for selling his tax deal. After all, the economy boomed when Clinton was president and 22 million net new jobs were created. . .

But the analogy falls apart as soon as you realize Clinton's economy was vastly different from Obama's. The recession Clinton inherited was relatively small, and caused by the Fed raising interest rates too high to ward off inflation. So it could be reversed by the Fed lowering interest rates . . .

The Great Recession has been far larger, caused not by the Fed raising interest rates but by the bursting of a giant housing bubble. In 2008, the biggest asset of most middle-class people, upon which they borrowed and that they assumed would be their nest eggs for retirement, collapsed.

Housing prices continue to fall in most parts of the country. The Fed has lowered interest rates all it can, and unemployment remains sky high.

Bill Clinton presided over an economic boom engineered by Fed chair Alan Greenspan, who felt confident he could drop interest rates far lower than anyone expected without risking inflation.

The result was 4 percent unemployment in many parts of America, as well as the best jobs recovery in history. . .

Democrats need a show of force

Robert Reich is right. The Democrats need to march into Washington and show America who is in charge. It's time for a show of force. We handily beat righty in this election. Perhaps we need to remind the right of this fact.

We will get a health care program even if we have to extend Medicare to people below the age of 65. There are many ways to skin an elephant.

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