Broadcast September 9, 2001 Who’s to blame for the technology stock bubble that burst over the last year, for the billions of dollars that have been lost? Class-action lawsuits are in full gear. Investment houses and brokerages are on the defensive. The financial media are also under fire for acting as mindless cheerleaders. And what […]
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 Political Center, Straight Up
Tony Blair moved there with great success. So, of course, did Bill Clinton after 1994. George W. Bush was supposed to move there when he assumed office but hasn’t yet, which cost the Republicans the Senate; maybe he’ll move there now. Trent Lott seems constitutionally unable to travel there. John McCain is doing everything he […]
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Why Bush is Winning
The puzzling question is why George W.’s three big plans are moving forward. The immense tax cut whose benefits will go mostly to the rich, the hugely expensive missile-defense shield of dubious technical possibility, and the aggressive expansion of oil, gas, coal, and nuclear-energy availability coupled with a rollback of environmental regulations–all of these are […]
Posted inMoney, Politics, and Power
The Nationalism We Need
There are two faces of American nationalism-one negative, one positive. The negative face wants to block trade, deter immigrants, and eschew global responsibilities. The positive one wants to reduce poverty among the nation’s children, ensure that everyone within America has decent health care, and otherwise improve the lives of all our people. Both give priority […]
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The Case (once again) for Universal Health Insurance
Forget a tax cut, other than an immediate one-year stimulus that puts money into the hands of people earning less than $50,000 a year. Forget paying down the debt. Use the federal surplus for universal health insurance. Working families won’t get much out of any tax cut, and debt elimination is foolish. But working families […]
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Is Scrooge a Democrat Now?
By the third week of July, at its so-called “midyear budget review,” the White House will unveil its new projected 10-year federal budget. Insiders tell me it’s likely to show a surplus that’s half a trillion dollars larger than the one now projected. Why? Because America’s wealthiest 5 percent are becoming far richer, far faster […]
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Trade: A Third Way
As we reach the climax of the great battle over trade with China, it’s worth taking a closer look at the main sticking point of this and every other major global agreement likely to arise in future years. There’s widespread acceptance of the need for “global labor standards” and “global environmental standards.” But apart from […]
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Working Principles
The Cabinet met with the president in the Roosevelt Room of the White House on a sultry day in the summer of 1996. Many of us recommended that he not sign the welfare bill that the Republican Congress had sent him (the third one it had sent, only slightly less punitive than the first two, […]
