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. His website can be found here and his blog can be found here.
Broadcast February 2, 2001 Recently I was putting gas in my car, minding my own business, enjoying my solitude there by the gas pump, when the gas pump suddenly comes alive with a commercial -- right there, on a little liquid-crystal screen mounted on the pump. There's nothing I can do about it. I'm in the middle of filling my tank with gas. I'm a captive audience to a loud talking head who s hawking a product at me. The same thing happened the other day when I was in an elevator. The doors shut, the elevator starts to move, I m enjoying a moment of peace and quiet, and then suddenly another little screen up in the corner of the elevator starts up, with another loud commercial. I can't get out of the elevator until I reach my floor. I mean, I could have got off at the next floor and waited for another elevator, but the other one would have had a commercial, too. Have you noticed -- it s happening all over. Little commercial messages on little screens which you can't escape from. You...
The New York Times
Soon, possibly tonight, a federal judge will rule on the Justice Department's
antitrust case against Microsoft. But whatever the decision, it's only the first
round in this and related litigation.
That's why I've been spending my money lobbying Congress to cut the
budget of the Justice Department's antitrust division. I've also hired a fleet
of Washington lobbyists to persuade Congress that the government's
lawsuit is misguided and launched a "grass roots" Internet campaign to get
other people to send messages to their representatives saying the same
thing. I've sent money to Republican and Democratic campaign committees,
which will use it to benefit candidates sympathetic toward Microsoft. I've
even organized lobbying in state capitals to get the message out to state
You see, I'm a shareholder of Microsoft. Not a big one, mind you. Bill Gates
may not even know that...
We're not in a war economy yet. We're in an economy that's just plain sinking. What to do? Federal Reserve Chairman Alan Greenspan has told Congress to "wait and see" what happens before enacting a stimulus package lest it create inflationary fantasies among traders of long-term bonds. In an extraordinary show of newly bipartisan gutlessness, our representatives in Washington are heeding his advice. Congress shouldn't listen to Greenspan. A stimulus is needed right now. Even before the September 11 terrorist attacks, American consumers were in a deep funk. Personal-savings rates were nearing a 70-year low and credit-card and mortgage debt were at record heights. Millions of Americans were already stepping back from the brink. In June they paid down $1.8 billion of debt and in July they took on no additional debt--the biggest two-month retreat from borrowing in nine years. Meanwhile, their jobs were disappearing. Last year the U.S. economy gained 1.76 million jobs. But since last March...
P resident of the United States Economy Alan Greenspan is frustrated. George W., the mere president-elect, won't deal. Worse, Greenspan can't punish W. for not dealing. He can't even credibly threaten punishment, because punishment is just what W. wants. Don't throw me into that briar patch, Br'er Greenspan!
The last two presidents have been willing to strike a deal. Bush the Elder struck it too late, of course. Greenspan began raising short-term interest rates in 1988, at the start of the Elder's presidency, and squeezed and squeezed until Elder cried uncle. Elder finally agreed to raise taxes, despite what the public had read on his lips. But by then, growth had stalled and unemployment had shot upward. Elder was kicked out of office by an electorate worried about the economy, stupid.
When Bill Clinton was elected, Greenspan made the deal explicit at their first meeting: You saw what I did to Elder Bush, he said. I could do the same to you,...
I s the Third Way a new public philosophy likely to shape capitalism in a postcommunist twenty-first century? Or is it, as some from both ends of the political spectrum suspect, little more than a watered-down version of Reaganism-Thatcherism: less a new movement than a pragmatic, if not cynical, means of keeping liberals mollified while continuing the long-term shift rightward—a global version of Dick Morris's "triangulation"? Years ago, the "Third Way" referred to Sweden's social democratic middle ground between capitalism and communism, but in recent years the term has taken on a more varied meaning. Around Boston the "third way" describes the back route to Logan Airport, avoiding the tunnels. Others have used it in reference to a novel position for having sex. But when Britain's Tony Blair used the phrase in his successful bid to oust the Tories in 1997, he had something different in mind: a set of public policies equidistant from Margaret Thatcher and Old Labour, redolent of Bill...