Robert Reich
The Public Record
Well, they have to do with corporate power to raise prices in the sense that corporations now--and we know this--have a higher degree of profitability than they have had in 70 years.
What we are watching is a hostile takeover of Twitter by the richest man in the world who regularly tries to silence critics. This is what oligarchy looks like.
The American public was promised--you recall, before the Trump tax cuts, that everybody would get a raise, a wage raise, and that there would be a huge new round of investments in America. Neither of those came to pass.
Stock buybacks do not generate more productivity in the economy. There is no trickledown from a stock buyback.
This is the biggest labor victory in the last 30 years. I want to congratulate Christian Smalls and all of the workers at the Amazon warehouse, but it goes far beyond the Amazon warehouse.
The American fiscal intervention has been the most successful fiscal intervention in crisis since the new deal in the U.S.
Everything -- almost everything Biden has done has been exactly right. My only fault is, I would say you should try to do more.
I think the biggest surprise from what happened to child poverty is that, in such a short time, so many children were lifted out of poverty. And in the richest country in the world, it`s remarkable that we can do something that is that…
The fact of the matter is that the stimulus was very important to the economy. And, even more importantly, it kept millions of Americans afloat.
We are in a kind of second Gilded Age right now, in terms of witnessing a consolidation of wealth and income and power at the very top reaches America, such as we haven`t seen in over 100 years.