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Today’s jobs report and the Supreme Court’s McCutcheon debacle

Robert Reich, professor of public policy | April 4, 2014

What does the Supreme Court’s McCutcheon decision this week have to do with today’s jobs report, showing 192,000 new jobs for March? Connect the dots. More than five years after Wall Street’s near meltdown the number of full-time workers is still 4 million less than it was in December 2007, yet the working-age population of the … Continue reading »

Fear is why workers in red states vote against their economic self-interest

Robert Reich, professor of public policy | January 16, 2014

Last week’s massive spill of the toxic chemical MCHM into West Virginia’s Elk River illustrates another benefit to the business class of high unemployment, economic insecurity, and a safety-net shot through with holes. Not only are employees eager to accept whatever job they can get. They are also also unwilling to demand healthy and safe … Continue reading »

Political responses to the Crash

Claude Fischer, professor of sociology | October 9, 2013

Back about a decade or two, as polarization widened among America’s politicians and political activists, most analysts concluded from the initial flurry of research that the general public seemed exempt. Officeholders and activists were taking more extreme positions on hot-button issues like immigration and welfare, but Americans in general seemed to be largely in the … Continue reading »

The job stall

Robert Reich, professor of public policy | June 4, 2012

The White House must be telling itself there are still five months between now and Election Day, so the jobs picture could brighten. After all, we went through a similar mid-year slump in 2011 but came out fine. But however you look at today’s jobs report, it’s a stunning reminder of how anemic the recovery … Continue reading »

The truth about the economy that Washington and Wall Street won’t admit: We’re heading back toward a double dip

Robert Reich, professor of public policy | April 1, 2011

Why aren’t Americans being told the truth about the economy? We’re heading in the direction of a double dip – but you’d never know it if you listened to the upbeat messages coming out of Wall Street and Washington. Consumers are 70 percent of the American economy, and consumer confidence is plummeting. It’s weaker today … Continue reading »