Robert Reich

George Will had an interesting take on the fiscal cliff agreement reached by Congress and the White House last week.

Appearing on ABC’s This Week, Will said, “I think people will look back on this deal as where liberalism passed an apogee and went into decline” (video follows with transcript and commentary):

George Will spoke an inconvenient truth about the media Sunday that should have everyone of its members sitting up and taking notice.

Appearing on ABC’s This Week, Will said, “The journalistic narrative about Washington today is 180 degrees wrong” (video follows with transcript and commentary):

Fresh off his humiliating defeat on Jeopardy! Monday night, MSNBC's Chris Matthews actually introduced a pair of guests Tuesday as "two of the most smartest people."

Almost as funny, "two of the most smartest people" in the Hardball host's opinion are Congressman Barney Frank (D-Mass.) and former Clinton labor secretary Robert Reich (video follows with transcript and commentary):

Monday's CBS This Morning brought on former Clinton Labor Secretary Robert Reich to brush off the effect of French socialist Francois Hollande's election on the world economy, despite the immediate decline in global stock markets: "I don't think there's really much danger." Anchor Erica Hill had asked the pundit if there was "a danger in throwing off the French economy and the ripple effect that could have."

Charlie Rose identified Reich as merely a "former labor secretary" and omitted mentioning his former Clinton administration role, along with his left-of-center ideology. The morning show also let the economist appear solo, without bringing on a conservative to appear opposite him during the segment.

George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years.

During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows with transcript and commentary):

CBS's Chris Wragge spotlighted a millionaire's bid to raise taxes on the rich on Thursday's Early Show, all the while omitting that his guest is a big money donor to liberal candidates like Al Franken and to Moveon.org. Wragge didn't bring on any opponents of higher taxes, nor did he play sound bites from them. Instead, he played three clips from proponents, including former Clinton aide Robert Reich.

Wragge and co-anchor Erica Hill trumpeted the "so-called patriotic millionaires [who] are begging Congress to raise their taxes" as they teased the segment three different times before it began. Hill did mention once that "they also spoke with a critic who said if they want to pay more, then they should make a contribution on their own, instead of raising taxes on all millionaires."

Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay.

Along the way, Reich had to go back to the mid-1930s, the era of Franklin Delano Roosevelt's ongoing economic depression (at least as far as employment was concerned) to exemplify what a supposedly good recovery from an economic trauma looks. He was clearly desperate to avoid saying anything nice about the more historically relevant and objectively more impressive recovery and subsequent prosperity that occurred under Ronald Reagan. This is also true of the establishment press.

Former Clinton labor secretary Robert Reich wrote a truly nonsensical piece for the Huffington Post Tuesday ironically called "The Republicans' Big Lies About Jobs."

MSNBC's Chris Matthews must have loved this tripe and its sophomoric title for he invited the Berkeley professor on Wednesday's "Hardball" so that the pair could put on a clinic in liberal economic fantasy (video follows with partial transcript and oodles of commentary):

In an interview with former Clinton Labor Secretary Robert Reich on Monday's CBS Early Show, co-host Erica Hill wondered if higher gas prices in the wake of Mideast unrest were the result of some sort of fraud: "We've seen prices skyrocket....Is the public right to feel taken advantage of in some ways here, or even scammed?"

Even the liberal Reich didn't accept the premise: "Well look, a lot of this is supply and demand. The country can feel a certain sense of taken advantage of. But some of this is the demand that's coming from China. I mean, you have developing nations all over the world....And their oil needs are very high. And so they are also putting pressure on oil prices. It's not just the Middle East."

The staggering ignorance and/or blatant dishonesty of liberal economic commentators never ceases to amaze me.

Consider the following item from former Clinton labor secretary Robert Reich published at the Huffington Post moments ago (picture courtesy Life magazine):

On CBS's Sunday Morning, correspondent Martha Teichner promoted left-wing class warfare talking points from former Clinton Labor Secretary Robert Reich: "[He] in a new book points out another ominous parallel between the Great Depression and the 'Great Recession,' its cause." Reich proclaimed: "More and more of the income that was generated by the economy went to people at the top." [Audio available here]

Teichner worked to bolster Reich's argument: "In the last century, there were only two years, in 1928 just before the great crash, and then again in 2007, during which the richest 1% were taking home nearly a quarter of the entire income of the nation." Reich continued his assault on upper income earners: "Last year, when most Americans were suffering, the top 25 hedge fund managers each earned $1 billion. A billion dollars would pay the salaries of something like 20,000 teachers."

Again, Teichner made sure to back up Reich's assertions: "That wage inequality, Reich argues, is at the heart of our economic woes. And to fix things, we need to pay those teachers and the rest of the middle class more, not less, so they can spend enough to kick-start the economy. And yes, that means higher taxes for the rich."

Bill Maher on Friday said Barack Obama's problem is "he's only half black." He'd be a better president "if he was fully black."

In the season premiere of HBO's "Real Time," while chatting with former Clinton labor secretary Robert Reich, the host said, "Isn't Obama's big problem is that he does everything half-assed? Maybe it's because he's only half black."

Maher continued, "If he was fully black, I'm telling you, he would be a better president."

As if that wasn't enough, "There's a white man in him holding him back because everything is half-assed" (video follows with transcript and commentary, file photo):  

Can you imagine what would happen to the economy if top wage earners were taxed at 70 to 90 percent?

Former Clinton Labor Secretary Robert Reich can, and he thinks it's a great idea.

To be sure, many Americans were concerned that giving Democrats control of the executive and legislative branches of our government during an economic crisis could usher back in socialist tendencies first seen in this nation during the Depression.

Fears of such a leftward shift sparked a new powerful movement called the Tea Party.

With this in mind, Reich's op-ed "How to End the Great Recession" published in Friday's New York Times validates these concerns: 

George Will on Sunday gave Robert Reich a much-needed history lesson about deficit spending and liberal myths concerning Franklin Delano Roosevelt and Herbert Hoover.

As the Roundtable segment on ABC's "This Week" moved to the current state of the economy, Reich predictably called for another stimulus package. 

"You can't even talk about stimulus because people say, 'Oh, that would create a deficit and that would generate inflation,'" declared one of the Left's favorite economists.

Fortunately for those actually interested in facts, Will was there to offer viewers the truth (video follows with partial transcript and commentary):  

Robert Reich on Sunday falsely accused former Speaker of the House Newt Gingrich of saying Muslims are like Nazis.

As NewsBusters reported last Monday, Gingrich was quoted by the New York Times as saying that building a mosque at Ground Zero "would be like putting a Nazi sign next to the Holocaust Museum."

Gingrich elaborated on "Fox & Friends" that very morning:

Nazis don't have the right to put up a sign next to the Holocaust Museum in Washington. We would never accept the Japanese putting up a site next to Pearl Harbor. There's no reason for us to accept a mosque next to the World Trade Center.

Unfortunately during the Roundtable segment of ABC's "This Week," Reich claimed without challenge that Gingrich said, "Muslims are like Nazis" (video follows with transcript and commentary, file photo): 

Nothing ruins my Sunday more than a pundit defending his or her politician by completely misrepresenting a law and nobody on the program in question bothering to challenge the falsehood.

Such happened on the recent installment of ABC's "This Week" when Democrat strategist Donna Brazile said of President Obama's pathetic response to the Gulf Coast oil spill, "The administration has been constrained by the Oil Pollution Act of 1990, which basically gives the responsible party the lead role in trying to not only fix the problem, but contain the problem."

Really?

Well, why don't we look at the Oil Pollution Act of 1990 and see if Brazile was right (video and transcript follow with details about this law and commentary): 

On Wednesday's Rick's List, CNN's Drew Griffin pressed former Clinton administration official Robert Reich on his call for a federal takeover of BP and its efforts against the Gulf oil leak. Griffin first questioned Reich if his proposal was serious, and later stated that the Democrat's idea "sounds not only highly illegal...but seems to me to smack of something that we might see in Venezuela" [audio clips available here].

The CNN personality, who was filling in for anchor Rick Sanchez, brought on the current University of California, Berkeley professor to discuss his proposal, which he first made in a May 31 column (as noted by Jeff Poor at MRC's Business and Media Institute). After summarizing Reich's position, that it was "time for the government to seize control of BP and take over the company's oil spill recovery efforts in the Gulf," Griffin bluntly asked the former labor secretary, "I've got to tell you, I have always considered you a very serious person, but this doesn't sound serious to me at all. Are you serious about this, or was this some kind of a joke to get things going?"

If you think government has all the answers, you'll certainly approve of this call.

Former Clinton Secretary of Labor and CNBC contributor Robert Reich has determined it's time for President Barack Obama to seize the reigns of control from BP (NYSE:BP) and put the North American operations of the company into a "temporary receivership." He told host Michelle Caruso-Cabrera on CNBC's June 1 broadcast of "Closing Bell" that the government was the only entity remaining capable of determining if the oil giant was properly utilizing its resources to contain a spill that has been going on since mid-April.

"Well, Michelle, it is temporary," Reich said. "And the government merely takes over the North America operations, the subsidiary, in order to make sure the public is getting the right information, in order to make sure that risks and benefits are being weighed properly - still using the expertise and intelligence of BP. I think, in fact in many ways BP would want some relief and might even appreciate that direct kind of ownership."

Former Clinton operative turned journalist George Stephanopoulos interviewed former Clinton Labor Secretary Robert Reich on Friday's Good Morning America and wondered what more the government can do to bring down unemployment.

After business reporter Suzy Welch highlighted the plight of states with high unemployment having to layoff teachers, Stephanopoulos advocated, "Suzy, that would mean more stimulus, more aid to state and local governments. Can you buy that?"

Talking to his former colleague, Reich, the anchor wondered, "So, the big question is, what more, if anything, does the government need to do about [unemployment]?"

For the second week in a row George Will gave a much-needed education to one of the media's most beloved liberal economists.

During the Roundtable segment of Sunday's "This Week," Berkeley professor Robert Reich falsely claimed health insurance companies are exhibiting huge profits: "That is money directly out of the pockets of Americans."

Will countered, "[C]onfiscate all the profits of all the health insurance companies, with those profits you could finance our healthcare for 48 hours."

Reich arrogantly responded, "[R]ecipients of health insurance don't know what they are buying very often. Until there are common standards, minimal standards, then people are going to be taken."

This nicely set Will up to drive the ball out of the park, "There you have the premise of this legislation and the core of today's liberalism: the American people are such dopes they can't be counted upon to buy their own insurance" (video embedded below the fold with transcript): 

Robert Reich must have nightmares about Fox News. Shoot, he must have triple locks on his doors and sleep under his bed out of fear that Roger Ailes will come and take him away.

In a Monday column at Salon.com ("Is the President Panicking?"), Reich excoriated President Obama's proposed discretionary spending "freeze" -- a "freeze" that NewsBuster Julia Seymour noted fails to offset the spending proposals Obama brought up in his State of the Union speech -- for "invok(ing) memories of (Bill) Clinton's shift to the right in 1994," especially because "it could doom the recovery."

That was absurd enough, but in the process of recounting his fevered view of 1990s history, Bill Clinton's former Secretary of Labor threw in this whopper, revealing that for Reich, as Buffalo Springfield told us so many years ago in their 1960s hit song "For What It's Worth," paranoia really does strike deep:

In December 1994, Bill Clinton proposed a so-called middle-class bill of rights including more tax credits for families with children, expanded retirement accounts, and tax-deductible college tuition. Clinton had lost his battle for healthcare reform. Even worse, by that time the Dems had lost the House and Senate. Washington was riding a huge anti-incumbent wave. Right-wing populists were the ascendancy, with Newt Gingrich and Fox News leading the charge. Bill Clinton thought it desperately important to assure Americans he was on their side.

There's one "little" problem:

A somewhat surprising debate occurred Sunday when conservatives George Will and Liz Cheney took different sides of the Harry Reid racist remark issue.

Appearing on the Roundtable segment of ABC's "This Week," the former Vice President's daughter said, "[O]ne of the things that makes the American people frustrated is when they see time and time again liberals excusing racism from other liberals."

Will, after shaking his head, replied, "I don't think there's a scintilla of racism in what Harry Reid said. At long last, Harry Reid has said something that no one can disagree with, and he gets in trouble for it."

Likely to the surprise of many viewers, Cheney responded, "George, give me a break" (video embedded below the fold with transcript):

CNN’s Larry King equated efforts against further regulation of the banking industry to letting the mentally ill run their psych wards on his program on Monday. King pressed conservative columnist S. E. Cupp: “Banks are lobbying against a bill to tighten regulatory controls. Are you going to let the inmates run the asylum? You don’t think we should regulate banks?” [audio clips from the segment available here]

The CNN host moderated a panel discussion on the economy during the first segments of the program. The panel surprisingly leaned to the right on economic issues. Besides Cupp, King had Penn Gilette and Larry Elder, both libertarians, and liberal former Clinton administration official Robert Reich. After the host used the “inmates run the asylum” idiom in his question, the columnist first answered that “we do need regulation, but it’s putting them in a really tough spot.” King interrupted with a blunt one-word question: “So?”

Throughout the history of this country playing the role of a global power, the United States has faced down threats of fascism and communism. The country is now in the throes of a war against terrorism.

However, on ABC's Nov. 22 "This Week with George Stephanopoulos," a panel consisting of Washington Post columnist George Will, Liz Cheney of Keep America Safe, University of California, Berkeley professor Robert Reich and Walter Isaacson is the President and CEO of The Aspen Institute, warned the next ideological battle facing the country is that which China practices - an authoritarian market society or authoritarian capitalism.

"For 37 years, every administration has bet, since Nixon went to China, on a theory, and the theory was that capitalism, market economy, which requires a judicial system to enforce promises, which are called contracts, needs a vast dissemination of information and decision-making that capitalism by its mores and working would subvert the regime, that you could not have an authoritarian market society," Will said. "It's the Starbucks fallacy. It turns out to be a fallacy, that if the Chinese have a choice of coffees, they'll want a -- they'll demand a choice of political candidates. We may be wrong. It could be you can have an authoritarian system."

Now that former CNN host Lou Dobbs has been freed of his duties with his former network, he has been making the rounds on other networks - Fox News "The O'Reilly Factor," Comedy Central's "The Daily Show" and now with his long-time rival's show CNBC's "The Kudlow Report." 

One of the issues debated among a panel consisting of Dobbs, host Larry Kudlow, former Clinton Secretary of Labor Robert Reich and CNBC CME Group reporter Rick Santelli on Nov. 19 was the issue of wage stagnation - which Dobbs blamed on outsourcing, immigration policy and technological advancement.

"I believe that the issue of unemployment in this country and job creation fundamentally will have to be taken on as a matter of government policy," Dobbs said. "It will also have to be taken on as a matter of business leadership. As to the idea that wages have been stagnant in this country for 35 year, point of fact, we have to understand what the causes are."

Video Below Fold

Former Clinton Labor Secretary and current Obama economic adviser Robert Reich believes healthcare legislation currently being debated on Capitol Hill "won't offer most Americans any appreciable decline in the cost of their health insurance nor clear improvement in the efficiency or quality of the health care they receive."

Contrary to what President Obama, House Speaker Nancy Pelosi, and their media minions are shamefully telling the public, the current bill results in "extra costs [that] will be borne by those Americans who will be required to buy insurance but won't qualify for federal assistance, along with Medicare beneficiaries who will be paying more and receiving less."

Maybe more importantly given Friday's announcement that the nation's unemployment rate jumped to 10.2 percent in October, Reich believe's President Obama is doing America a disservice by focusing all his attention on healthcare reform instead of trying to create jobs.

Although Reich posted this at his blog on Sunday, I could find no major media references to his rather startling commentary (h/t Glenn Reynolds):

Robert Reich has finally responded to the audio of him telling "brutal truths" to an audience at Berkeley which your humble correspondent chronicled here in NewsBusters on Tuesday. Here are the gems delivered up by Reich as to what he claims an honest  candidate for president would say about health care if he didn't worry about getting elected:

"We're going to have to, if you're very old, we're not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another couple of months. It's too expensive...so we're going to let you die." 

"...I am going try to reorganize it to be more amenable to treating sick people but that means you,  particularly you young people, particularly you young healthy people...you're going to have to pay more."

"...What that means, less innovation and that means less new products and less new drugs on the market which means you are probably not going to live much longer than your parents."

So what was Reich's excuse for these assertions? Why he was "taken out of context." Here is Reich making his claim on Wednesday: