The term “Reich” in US politics can be quite confusing, because there are two: a right Reich and a wrong Reich. Even more confusing, the right Reich is the Reich on the left. He is economist,l Robert Reich, and virtually everything he presents is right. Conversely, the wrong Reich is the Reich on the right. It is the Republican Reich, the Republican attempt to convert the US into a totalitarian state, a plutocracy with sham elections, controlled media, and a state religion, Supply-side pseudo-Christianity, to control the masses. Virtually everything they present is wrong. Here is the right Reich.
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 less than it was in December 2007, yet the working-age population of the U.S. has increased by 13 million since then.
This explains why so many people are still getting nowhere. Unemployment among those 18 to 29 is 11.4 percent, nearly double the national rate.
Most companies continue to shed workers, cut wages, and horde their cash because they don’t have enough customers to warrant expansion. Why? The vast middle class and poor don’t have enough purchasing power, as 95 percent of the economy’s gains go to the top 1 percent.
That’s why we need to (1) cut taxes on average people (say, exempting the first $15,000 of income from Social Security taxes and making up the shortfall by taking the cap off income subject to it), (2) raise the minimum wage, (3) create jobs by repairing roads, bridges, ports, and much of the rest of our crumbling infrastructure, (4) add teachers and teacher’s aides to now over-crowded classrooms, and (5) create “green” jobs and a new WPA for the long-term unemployed… [emphasis added]
Inserted from <Robert Reich>
In sharp contrast, just read the Ryan budget to see what the wrong Reich plans. Unless you’re super rich, it will harm you.
Not only do I fully support the right Reich’s plan, but also, the only element I haven’t proposed myself on numerous occasions is the $15,000 FICA exemption.
To move toward the right Reich, we have to stop the wrong Reich. Whether or not we can depends, in part, on what YOU do between now and November.