The number of Americans whose homes are “underwater” continues to be a huge drag on the economy, but the administration is failing to address the issue.
Robert Reich
Robert B. Reich, a co-founder of The American Prospect, is a professor of public policy at the Goldman School of Public Policy at the University of California at Berkeley. He is the author of Saving Capitalism: For the Many, Not the Few, one of the books featured in the Prospect’s High School Essay Contest.
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The Empty Bully Pulpit
The president’s compromises might be understandable — if only Obama would explain where he’s leading us.
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Mitt Looks the Part
Why Mitt Romney still poses the greatest challenge to Obama in 2012
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The Myth of Triangulation
Obama must resist the Republican push to cut federal spending or else face voters in 2012 with continued high unemployment.
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Telling Tales
The story that must be told isn’t one of big government and deficits but of power and privilege amassing at the top.
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Fire on the Left
Tea Partiers are getting all the press, but it’s the anger on the left that spells trouble for Dems in the midterms.
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Everyday Corruption
The policy-making process has become an extension of the market battlefield.
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Why Deficit Hawks are Killing the Recovery.
Consumer spending is 70 percent of the American economy, so if consumers can’t or won’t spend we’re back in the soup. Yet the government just reported that consumer spending stalled in April – the first month consumers didn’t up their spending since last September. Instead, consumers boosted their savings, probably because they’re worried about the […]
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The Challenge of Closing Tax Loopholes for Billionaires.
Who could be opposed to closing a tax loophole that allows hedge-fund and private-equity managers to treat their earnings as capital gains – and pay a rate of only 15 percent rather than the 35 percent applied to ordinary income? Answer: Some of the nation’s most prominent and wealthiest private asset managers, such as Paul […]
