Skip to main content

Former Labor Sec. Robert Reich on Clinton's Errors of Crippling Welfare to Repealing Glass-Steagall

Former Labor Sec. Robert Reich on Clinton's Errors of Crippling Welfare to Repealing Glass-Steagall
Former Secretary of Labor Robert Reich critiques President Obama’s handling of the economic crisis and the Clinton administration’s repeal of the Glass-Steagall Act, a key deregulatory move that ended the separation of commercial and investment banking and is widely seen as having helped lead to the financial collapse. The Clinton administration also presided over a drastic transformation of U.S. welfare laws, throwing millions off of welfare rolls. "I went outside of the White House, walked back to my office along Constitution Avenue, expecting I would see signs. ... There are a lot of people who were concerned about that issue. But there was nobody on the streets. It was deafening. The silence was deafening," Reich says of the day Clinton signed the change into law. He notes this is when he realized, "if people who are concerned about the increasing concentration of wealth and power in this country are not mobilized, are not visible, then nothing progressive is going to happen." Reich is professor of public policy at the University of California at Berkeley. He has written 13 books, including "Aftershock: The Next Economy and America’s Future." His latest, an e-book, is just out: "Beyond Outrage: What Has Gone Wrong with Our Economy and Our Democracy, and How to Fix Them." [includes rush transcript]

Comments

Post a Comment

Popular posts from this blog

Israeli school segregated Ethiopian students » Ethiopian Review

Israeli school segregated Ethiopian students » Ethiopian Review : "The placement of four Ethiopian girls in a separate class from their peers at a Petah Tikva grade school has sparked accusations of segregation on Tuesday morning following a report in Yediot Aharonot. According to ‘Hamerhav’ principal, Rabbi Yeshiyahu Granvich, complete integration of the girls was impossible. The reason being, said municipal workers, was that the students were not observant enough, nor did their families belong to the national-religious movement that the school was founded upon. Among the differences in the daily school life of the girls, a single teacher was responsible to teach them all of their subjects. Worse yet, the four were allotted separate recess hours and were driven to and from school separately. Such action has been labeled by observers as “apartheid.”"
Post a Comment
Read more

  1 Million Dead in Iraq? 6 Reasons the Media Hide the True Human Toll of War -- And Why We Let Them    :      Information Clearing House: ICH

  1 Million Dead in Iraq? 6 Reasons the Media Hide the True Human Toll of War -- And Why We Let Them    :      Information Clearing House: ICH By John Tirman July 20, 2011 "Alternet" - - As the U.S. war in Iraq winds down, we are entering a familiar phase, the season of forgetting—forgetting the harsh realities of the war. Mostly we forget the victims of the war, the Iraqi civilians whose lives and society have been devastated by eight years of armed conflict. The act of forgetting is a social and political act, abetted by the American news media. Throughout the war, but especially now, the minimal news we get from Iraq consistently devalues the death toll of Iraqi civilians. Why? A number of reasons are at work in this persistent evasion of reality. But forgetting has consequences, especially as it braces the obstinate right-wing narrative of “victory” in the Iraq war. If we forget, we learn nothing. I’ve puzzled over this habit of reaching for the lowest possible estimates ...
Post a Comment
Read more