Consumer spending is unlikely to return to the levels it once reached, and so the economy will not recover until the government finds ways to invest in the common goods we all share.
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 Hardest Lesson
As the banking system collapses, politicians and journalists are ignoring one of the main causes of the crisis: massive inequality.
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The Bailout Deal’s Crucial Details
The bailout compromise pays lip service to protecting homeowners and limiting CEO pay. But how important these protections turn out to be will depend on as-yet unannounced details.
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The Bailout Deal’s Crucial Details
Today’s bipartisan bailout compromise pays lip service to protecting homeowners, limiting CEO pay, and giving the government a share of distressed banks in return for aid. But how important these protections turn out to be will depend on as-yet unannounced details.
Posted inArticle
The Bailout Deal’s Crucial Details
Today’s bipartisan bailout compromise pays lip service to protecting homeowners, limiting CEO pay, and giving the government a share of distressed banks in return for aid. But how important these protections turn out to be will depend on as-yet unannounced details.
Posted inArticle
But Will It Work?
Why Paulson and Bernanke are only partly correct, and why main street needs more direct help than the bailout plan currently provides.
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The Real Economic Choice
There is a basic difference between the economic philosophies of John McCain and Barack Obama.
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The Public Transit Paradox
At the very time we need public transit most, its funding is being cut across the country. This is crazy. As gas prices rise, transit should become a central priority in infrastructure spending.
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Why the Democrats’ Cap-and-Trade is Far Better than McCain’s
McCain’s plan to combat global warming is really a giveaway to people who already pollute heavily. Clinton’s and Obama’s plans make everyone who wants to pollute pay equally.
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The Logic of the Low Road
Americans have become unfortunately used to gutter politics. What are the chances McCain and Obama will be able to transcend our institutionalized, sordid political traditions?
